Trade Strategy: Trend Continuation - Key Level (1-hourly chart): Retest at 1.2419 - Additional Setup (4-hourly chart): Bullish Shark Pattern at 1.2141 Analysis: - Approach: Identifies potential opportunities for trend continuation trading - Key Level: Looks for a retest at 1.2419 on the 1-hourly chart as an entry point - Additional Setup: Considers...
Hi folks today I'm prepared for you Euro analytics. A few moments ago price reached the resistance zone, breaking resistance 2, but soon it turned around and in a short time declined to resistance 1, making a fake breakout. Soon, EUR turned around and made a strong impulse up to the trend line, breaking resistance 2 one more time and even soon broke the trend line...
Trade Setup: - Entry: Sell at 1.0797 (Retest Level) - Target: Extended towards potential Bullish Harmonic Patterns setup - Risk Management: Implementing trade management system for upsized trades Analysis: While many analysts are focused on the potential Bullish Butterfly Pattern and ABCD Pattern on the 4-hourly chart, my attention is on a shorting...
Looking at the weekly GBPCAD chart, we see signs of potential bullish continuation, but a pullback towards the trendline is a likely scenario before further upside. GBP gaining traction: The recent price movement suggests GBP is strengthening against CAD. This is evident by the upward trend: ... on the weekly chart. Pullback expected: A retracement towards...
bullish trend on the background of favorable fundamental. the price is testing the support. growth may continue With further collisions with the resistance level, it is possible that the price will not be able to return and we will see that in the next collisions the price will pass through this area and reach the next levels of 2075 2082
Hello Traders! In this post, I want to present how important is to recognize chart formation, set up correctly resistance levels, and find a good position to execute the trade. For better practice, I will recommend analyzing the history of any chart and trying to search for resistance levels, order blocks, and breakout points, and anticipate a good position for...
GBPNZD went face first into a resistance zone. This zone has seen a lot of price action before and must be treated with careful and brutal precision. If price continuous to go down tomorrow, I will be looking for shot positions on the lower time frames! Be patient, trade safely and manage your risk!
Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is moving above the local downtrend line. When we unfold the Trend Based Fib Extension grid, we can see a strong support zone from $33,442 to $33,152. Looking the other way, there is a resistance zone from $34,551 to $34,861, followed by strong...
Hi guys! This is a Technical Analysis on this relatively new company Informatica, Inc. (INFA). But the focus is not the company but rather on finding these specific trends in price action. This analysis is done on the 1 Week timeframe. Main takeaway is that its powerful to be able to identify when Price action reaches a Major Resistance or Support level. It can...
Hi Guys, this is a Technical Analysis on BionTech (BNTX) on the 3 Day Timeframe. We are currently approaching a MAJOR RESISTANCE Trendline. This Trend started from the TOP in 08/2021. Everytime we've interacted with it in the past, we've been REJECTED. Will we get Rejected again? Well, we've had 3 touch points already. In trendline theory, it states that...
NSE:DWARKESH is near its Resistance zones. Position can be taken only after breakout and closing of candle above resistance. Stop Loss should be followed.
Keep and eye on SARDAEN, Looks good setting up on resistance zone. Wait for clean breakout. Personally entered at 1345, will add more if breakout happens.
GAIL In range bound mode since 2 years. Now staying near resistance area. Keep it on watchlist and trade on confirmation
Ambica aroma Forming a good pattern. Wait for breakout to enter.
USD Index turned down in October 2022 where we think that the dollar might have seen an important, multi-year top. Notice that the decline is strong and impulsive, meaning that there can be more weakness coming this year. However, because of the lower swing high, around 104, there is also a chance that this is a big triangle on a daily chart, but also bearish...
AUDUSD has been uptrending for a few days towards a very strong resistance. Price has been rejected many times in this area. Candlestick analysis suggests that price is slowing down. The candles have a lot of wicks and small bodies. However ADX suggests price is still very bullish. I will be awaiting a daily signal for a short. Anytime price is approaching a very...
Google is on track to test resistance at 126.00 a share based on candle stick analysis and triple confirm indicator. Triple confirm is not reliable on its own but works great in conjunction with other indicators. MACD is barely just starting to show a slow down in decline and tomorrow could be a start of a reversal.
Sideway patterns, often labeled as losers or deemed non-tradable periods by some, invite differing opinions and perceptions. It ultimately rests upon the individual trader to discern their potential. As for me, I perceive them as a treasure trove of trading opportunities waiting to be explored. Why, you may ask? It's quite simple - all I need to do is sell at the...