Bullish on multiply timeframes W1-H1.
Take Profit: 0.88000
Stop Loss: 0.86400
From 04-11-16 price has been bearish till 23-03-20 due to coronavirus price had hyperextended bearish, testing the trendline low. Since 28-03-19 high price has trended bearish currently price is above trendline. This could suggest that price has reversed from March low and now is...
descending triangle formation on usdcad .
the market has stopped setting new higher highs and shown a row of lower highs instead
in confluence with clear rsi divergence.
our bias remains bearish and on focus is the horizontal support of a triangle.
breaking below the support, market will confirm bearish sentiment of its...
1.84344 area of STRONG resistance... how can people not trust such a strong level? must be drinking too much fluoride.
Anyway... we have marked on our chart with purple arrows where price has hit this resistance level and then bounced, historically once price has hit this level there have been aggressive sells ( price drops considerably ) This tells me that the...
Entering short is possible from 6850 resistance area or after hourly close below red trendline at S2 level 6800. The following support zones for the index are 6770 and 6740 (as described in 4H chart).
Once FTSE 100 falls below 6740, we'll have extra short potential down to 6660.