Few weeks of bearish trends and retracement, bullish momentum is finally building strongly on GBPUSD as price is approaching 1.30 , Probably before the week runs out buyers are able to take price towards 1.31 zone.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is...
As it is seen from past week bitcoin is in correction phase which has bought price from $10500 levels to 9260 from where it has taken support of 200 ema in 4 hourly . But bulls seem unable to pull back to further highs and are not able to hold level of 10000 from which it seems further correction is due. Any buying opportunity should be seen near 8300 to 8500...
Holding 12060 levels on closing basis Nifty can look to scale back towards conquering previous highs of 12430 levels
This is a positional view
Keep a SL can be at 12025 on closing basis.
Take care & safe trading...!!!
Telecom sector had been out of flavor for a long time now.
However the current chart pattern reflects things have changed and possibly changed for the good. Bharti Airtel has now broken above the parallel channel after 12 long years.
Could this be a signal that the worst is over...
Only time will tell.
But the current setup suggests...