Price Action indicates Clear bottom for USDINR and looks good to go up. Personally selling 72.75 PE Monthlies
Description: The counter USDCHF started moving in an ascending triangle.A support trend line tested at the prices 0.88391,0.88682 and 0.88357 and the flat-top resistance line at the price 0.89256. The price is moving near the top line of the triangle and since then there is no indication for a breakout. Buying pressure of the market may pull the price even more...
Gold against Dollar has made a fair recovery from the price level of 1804 after a Second week downfall on January 2021, still the short term resistance at 1870 may push the price down to 1815 or 1805 area this week , and it has a good chance of bounce back from the support zone 1810 to reach where it started on the first day of the week. .... Analysis only for...
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BTCUSD is looking for a great buying opportunity, All the way to $50K 🚀🚀🚀🚀🚀🚀.
Buy with SL of recent low for target of new high & then short from the top to the previous fourth & the second wave of ending diagonal as a target.
This is an additional study to my previous recommendation on EURINR. Buy More At Cmp 88.6588, Strict SL 87.59 (DCB)
Price is respecting the daily Support and Trend is reversing with a pretty trend reversal pattern i.e, Inverted Head and Shoulder Pattern FX:USDCHF Most Probable Path is A
We can see an inverse head and shoulder pattern formed. The interesting part, it is consolidating near right shoulder which is a good sign for a breakout after a build up. Simple things aren't so Simple Cheers.
We can see the trend has exhausted and a head and shoulder pattern is formed. The breakdown has already happened, but wait for a retest if the SL is out of your risk limits. Cheers.
We are getting three confirmation here in EURUSD to short a position. 1. Head and Shoulder Pattern 2. Resistance and Support level 3. Trendline Break + Retest FX:EURUSD
We can see a clear Trendline Breakdown + RSI Divergence. We can short below 1.22149 in 4H timeframe. Always wait for candle to close and never make mid-candle decisions.
After the formation of ending diagonal there is sharp & Swift reversal. But the recent recovery is more likely a corrective sequence and therefore the prices should give one more downside move upto the level of 3636 at least which is the previous fourth.