GBP/USD is forming a compressing channel. The channel can break to both sides but given today's movement, it will most likely break to the down side.
SBUX has done well holding support at the 8 EMA consistently since mid November. Lower trend line still intact, price appears to be compressed into the apex of the triangle. Love the volume spikes with the spinning top on Friday. This is a tug o' war with buyers and sellers. Odds are in buyers favor due to uptrend. Options market leans to the call side as...
GBPCAD is heading towards an important zone ( Demand Zone ). High probability of reversal in GBPCAD
Week 40: 28 September to 02 October 2020 FCPOX 2020 analysis At the moment the price is in the consolidation zone, to make it simple to the naked eye, the price is forming the Right Shoulder. However, please note that there are many variations of the "right shoulder", it can be a straight horizontal channel, diagonal channel, flag, wedge, and ascending...
The Price is now compressing down slowly to the Demand Level as you can see in the Chart. The Fake Support at the Fake Out Zone has been broken by Sellers. This Fake Support was created by the Market and tested two times, at S1 and S2. The Banks and the big Institutions are preparing to clear the lows and the stop loss of retail traders who are in Buys. After...
The FOREXCOM:HKXHKD prices had been consolidating for quite a while and not creating any higher highs (HHs). Yesterday was a good setup to short after the compression was done, but I failed to catch it. This morning, I saw another good opportunity to short with a condition that the price will close at 24,190 area. Here is my personal trade opinion : Sell Stop...
This August 2020 , we are expecting FX_IDC:SGDIDR to tumble at 10,919.605 area. For the past two months the prices are compressed tightly. Hopefully before the 17th August Independence Day, IDR will emerge stronger than SGD. Here is my Trade Opinion : Sell Limit at 10,919.600 Stop Loss at 11,073.700 Take Profit at 10,072.100 This will give you Risk Reward...
BTC is again building up pressure to blast, volume is getting compressed after yesterday's massive move. It would be interesting to see where it goes, my bets are on long.
Gold rush! everyone is buying gold and in the past 5 days OANDA:XAUUSD prices were forming a compression. It created an impression that the price may go up even higher once passed $2,000 mark. Don't get tricked, we are a trader, we look for a better price and minimise our risks. Here is my trade opinion : Sell Limit at $2,029 Stop Loss at $2,082 Take Profit...
Tata Chemical - Bullish view , Expecting 360 from here
SELL ON QUASIMODO PATTERN WITH APPROACH COMPRESSION
Hello analysts and traders - Looking at the FTSE100 - it is time to sell? We think yes - we have monitored this on private charts but now it is time show a public view and to close some longs and begin to hedge and close out final longs. Have you noticed a pattern? All indexes have had Vshaped recoveries - however is it sustainable? Nope. With a lot of the...
GBPUSD is approaching towards demand zone and trendline 3rd touch.
What will AUDUSD do from here? The direction it will break will be the short term trend ?
Carving out the longest sideways range since finding a bottom at the end of March. Sets the stage nicely for a busy earnings week.