Hello Dear friends In the four-hour period, the negative divergence of the RSI has been issued to us, but we do not have another signal to form a corrective trend! And as long as the upward trend line is maintained and the movement trend is not placed below the price range of $6.39, the probability of breaking the resistance range of $7.25 is high. We would be...
BPCL GOOD FOR SWING TRADING This stock is support the moving average 44 and trendline so it is a good stock to buy Buy = 334 stop los= 222 1st target =342 2nd target= 367 ***WAIT FOR BIG TARGETS**** after trendline breakout BIG TARGETS ======== 1st 390 .............2nd 450
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ETHUSD is following the bullish pattern of the Dow theory and is making higher highs and lows. The ascending trendline is also acting as a support and it will probably go bullish from here.
In the latest price forecasts in the AUDCHF currency pair, we see the price meeting its upward trend line, which, according to the slope and acceleration of the movement, can cross the levels in front of it downwards or continue to fluctuate for a while in the span of its trading range.
The pair has dropped significantly in the past few months and is oversold on the daily and weekly timeframe. In addition to that,the price has closed above the support level twice now and has formed a double bottom pattern with bullish divergence on the daily timeframe. This is a clear indication of a bullish retracement in the coming weeks. Initial targets...
Discussion: 1. Example on Natural Gas - breaking away from its range 2. Beginning stage of a “Growth” stage 3. Identifying and trading in its uptrend with multiple timeframes Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing...
Last time the daily RSI was this low was late May 2021 when we retraced to 0.786 of the prior run, finding support here until going on an epic 2000% run over 10 months. Following yesterday's red candle we've bounced off the 0.786 fib of the retracement from said run, which coincides with a trend line I've had drawn in since this time last year. Reversing the...
Simple Trendline analysis for this pair, for now we may see some sells come in before buys continue to push ip
GBPUSD is very Near to the ORDER BLOCK Area Where We can Place a Buy Limit Order and From This Order Block We have the Major Chances of the Market to Shift to the Upside. Also There is a Strong Trendline Support
Tezos (XTZ) on 4 hour timeframe formed a Wolfe pattern and it is heading towards it first target of $3.22. The RSI indicator is also forming a divergence which supports it bullishness. The support trendline is good for building buy/long position a stop loss below it is advised but not tight to avoid being chased out of the momentum.
A follow-up detail on the GBPCHF was published last week (see link below for reference purposes) where we closed with around 60pips profit when the price hit our stop-loss. Now, the structure is tending to reveal to us another opportunity to give a buy situation another chance as the bullish trendline identified on the 1H time frame shall serve as our yardstick...
Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 44,587, if the support breaks down, the next one is $ 42,318 and $ 40,503. Now let's move on from the...
Pretty much as the title says, the red TL held via the candle closing below. Took the TL on the 4H TF but it's holding on 1h & daily. As the USD is rising and looking like going for $100+ this should help gold to dump. I'm in again at 1948 with SL on entry.
XTZ is trading in an ascending channel (Log Chart) since February 2020. Both trendlines was tested several times in the past. There are many multiple factors that affect all markets last days or weeks, like events on Canada, Biden’s crypto executive order or Russia – Ukraine conflict, etc. At the time of writing this report, XTZ is trading at $3.17, a further...
We are still respecting the long term channel on this pair. I am watching this pair for a bounce from the top of the range to support level.
NSE:SURYAROSNI is standing on its 1 year old trendline from which it has taken support 7 times. It has now taken its 8th support and looks like a good buy from here. The trendline was broken once but the bears wear trapped and the stock quickly climbed back. More buying can take place if stock gives breakout from the marked rectangle region, at price of 690-710...
FX:GBPUSD Watch out level is presented here for either side of trend Indications for either Bulls or Bears have been mentioned on chart My view is to watch out 0.382 Fib level (1.33699). Then decide accordingly. If sustained this level, it might be the end of downward trend. Price may retrace down before start uptrend, as slight divergence is observed on 1H...