We are surely going to Moon 🌙. As we know early there were a massive resistance at 57.5k to 58.2k thats why we stay and consolidated there for a while. As the bulls came to the game we break the resistance and now we are under the next major resistance which is 59200 and up again one more at 59400 if we break them we will surely go...
After some Swing Trading analysis, I have been looking at taking a Long position on GJ.
Using previous key points, Price recently returned to a bullish trendline after a positive move over the past several weeks. To back this up, price has broke above a previous resistance area.
I am now looking for a retest at the Resistance (Or new support) area as an entry,...
Long nifty if it sustain above 14925 or getting a breakout of inverted head and shoulders in RSI as same as in nifty, target should be above 15200 and 15250 with a minimal stop of below the previous candles close and could be below to the previous low,
When to trade?
1. Open above 14900 and sustain
2. Breakout in a RSI of the drawn trend line
3. Breakout of...
Inverted Head and Shoulders
Looking at DXY price action it is growing strength and bulls have control.
Looking for dxy to breakout towards 91.0 which is why we have reversal patterns setting up in the dollar pairs.
Wait for neckline break and buy.
Don't forget to follow me. if you have any questions just drop a comment😁📊
1.watched the market create minor support with no indications of sellers
2. took buys at the close of the candle
3. SL at the bottom of the candle
5. TP at the previous resistance
1.Close one trade at 10 pips and leave a runner.
2.Move SL to 50% and leave runner.
Gold priced in GBP£ is nearing all time highs as the British pound continues to see bearish sentiment.
Will we See gold break all time highs and hit £1200 per ounce??
we are currently seeing some consolidation as the market decides on what to do next, we may see a pullback towards our Fibonacci support and previous resistance area before a move higher.