The stock has been consolidating in a rectangular pattern for the last 7 months. Yesterday i.e. on (02/06), it has broken out of the horizontal resistance boundary of the rectangle. It is reasonable to construe that a directional up move will ensue post this breakout. Risk: Reward is mentioned on the chart.
MCX Crudeoil has been moving sideways but creating higher lows - this is an ascending triangle pattern that should now give a 1:2 Risk Reward ration - not the best R:R , but a good pattern to trade Look for price to rally upclose to 3000 if it stays above 2900
1. An ascending triangle spotted where the prices are at the resistance 2. trade on a breakout or a rejection **Trade with caution and education**
1. wait for a breakout 2. enter with a breakout 3. enter on the retest 4. avoid entering on the breakout IF there is a divergence! Trade safe! Be a responsible and an independent trader!
EURUSD setup indicates in favour of bearish momentum in the upcoming week, It looks like to retest the resistance level which have been maintained from 2017, it moves towards the price 1.05 down.. short term sell signal could be from 1.07976 to 1.06950 sell signal