Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
This isn't one of our main timeframes, but I'll be doing more testing on the H2 chart over the weekend.
I try and share as many ideas as I can as and when I have time. My trades...
Points to be Kept in mind :
>> Take this trade only when Nifty is red in its pre-market session.
>> Take this trade only if open price of SBIN is equal to or below than previous day close price in pre-market session.
>> Maintain strict stoploss as per risk appetite.
>> Dont overtrade or have blind faith, ask yourself and trade.
I can see price to start fall from weekly key level (resistance) i assume it will go back up soon to complete the retesting the weekly resistance level before we see bearish. this is my personal view.
Trade at your own risk
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With price rejecting January low, the market is considering the possibility of a bullish reversal for this pair. However, we see a strong likelihod for price to continue its downtrend towards 1.52500 a QP level and 1.51739 a daily OB level where we can see the possibilty of a stroger rejection leading to a possibly bullish reversal.
Daily: Bearish engulfing candle after upper trendline line touch
Price is in an ascending channel
Overall trend = downtrend
LTF correction towards the upper trendline line, Indicating us that price could reject the upper trendline and move to the downside
Price broke out of the LTF correction, need to wait for a correction before an entry
Need to wait...
On the weekly chart, the price is in an ascending channel towards the triple top zone (resistance)
The weekly candle looks like a Bearish pin bar
On the daily chart, we have a double top within the reversal pattern
Corrective pattern on the 2nd top
Need to wait for an LTF correction before a breakout entry
EURAUD is going to fall nicely soon and it should give us over a 10 percent return for one trade. We've had another great week here at forexinsightsuk and we still have one more trading day left. We have taken full advantage of our watch list this week and have seen mega returns. We are staying humble and will constantly keep the grind going with the markets. What...
USD has had a poor week, could it hold at these levels and force some XXXUSD pairs back down?
Entry, SL and TP details are on the screen.
The last buy position worked out a treat.
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