Purple Line = 4 Hour SNR Red Line = 1 Hour SNR Yellow = 5 Minute SNR 4 Hour candle close above 4 Hour support level and on 5 Minute chart we can see clear triangle which is break in uptrend and now if we see pullback price should go high at least till new 4 Hour Trendline Resistance If this help you with your trading Please Like, Share and Follow that give me...
Purple Line = Weekly trendline Red Lines/Zones = Daily SNR/Trendline Orange Lines/Zones = 4 Hour SNR/Trendlines EUR/USD is now on Uptrend because price break Weekly Descending Trendline which is started since 07/07/2008 and break up on 28/07/2020 and from that point EUR/USD is in uptrend. On Daily chart we can see that there is something like Bullish Pennant...
Purple Lines = Weekly Support level Red Lines = Daily Support Level BTC Already break two weekly support levels and before two days break first daily support level but not yet second daily support level. If BTC break second support level in future days it should go strong down. Another strong confirmation of downtrend is Descending Triangle on daily chart. If...
Purple Zones = Monthly SNR Red Zones = Weekly SNR Orange Zones = Daily SNR Yellow Zones = 4 Hour SNR Blue Lines = 1 Hour SNR Cardano (ADA) close above Daily Support and it is on Monthly support zone too and can go up from this level but this depend on fundamental analysis about Cardano too. I also draw SNRs on 4 hour and 1 hour chart that can be easily follow the...
Purple Zones = Daily SNR Red Zones = 4 H SNR Orange Zones = 1 H SNR Yellow Zones = 5 Min SNR Blue Lines = Opportunity for trade 1.) SHORT TRADE REVERSAL When Candle close bellow Resistance and next candle form as Bearish ( better if it is some Bearish reversal candlesticks like bearish engulfing candle or bearish evening star etc....) open short trade; - Stop...
Purple Zones = Daily SNR Red Zones = 4 H SNR Orange Zones = 1 H SNR Yellow Zones = 5 Min SNR Blue Lines = Opportunity for trade 1.) SHORT TRADE REVERSAL When Candle close bellow Resistance and next candle form as Bearish( better if it is some Bearish reversal candlesticks like bearish engulfing candle or bearish evening star etc....) open short trade; - Stop...
If price drop bellow 0.91 Monthly support (Purple line) and bellow other trendlines (Blue) it is good signal for sell because price should go to another strong Monthly support (second purple trending line). Also in past we can see that same price action happen and we can expect it will happen again in near future. If you have some suggestion, comment or other...