FLAG = Impulse + Correction - "Learn More Earn More" with usFLAG = Impulse + Correction - "Learn More Earn More" with us
What makes the chart interesting today is that:
. GBPAUD challenging the 1.8415 ~ 1.8450 resistance zone.
. Min 450 pips room to run. A break above 1.8450 could push the pair to its 1.8900 previous areas of interest.
. A rejection at the Flag range resistance, however, could lead to another retest of the Flag’s support.
Will the GBP see an upside breakout against the AUD ?
No one knows it! We have to wait and see!
Educationalpost
Ascending Triangle in Bitcoin - "Learn More Earn More" With USBitcoin is coiling for its next move.
The higher lows suggest strength, but BTC needs to secure a close above $12,100 to open the door to the $13,000 area.
Keep an eye on $11,600 in the event of a pullback.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Ascending Triangle in Bitcoin - "Learn More Earn More" With US
Century Textile - Keep in watch listStudy - A falling wedge pattern is observed in 1 hr TF. It must give a break out (close abv) to have the momentum shift upwards.
OC looks bullish; PCR is bullish; PCR vol is bullish.
ABC correction seems to be completed. RSI is bullish. MACD crossover happened in 1 hr TF.
At present NOTA. Need to wait till BO happens.
*This chart is for educational purpose only.
Short USDINR Downtrend Continuation Day 2Sometimes simplicity is just the key to success.
Previous Channel and Current pattern in downtrend confirmed a bearish continuation again. This post is just to encourage you that you can earn with just simple analysis.
A 'Symmetric Triangle' breaking downside in a downtrend confirms that bulls have been tired and couldn't take the price up again. This is a confirmation for Downtrend Continuation . With this knowledge and waiting for a price action on charts can give you better results. RSI also gave a confirmation which increased the probability of success. You do not need advanced knowledge about indicators and patterns for this.
Analyse the given Entry point, SL, TGT, S&R . Most importantly just try to Trail SL below your entry point whenever possible.
#Tgt1 achieved easily and RR more than 1.5
(PS: Couldn't post earlier due to technical isuues)
This explanation is only for educational purpose and isn't any kind of recommendation. Don't take any action based on this explanation itself. Consider your financial advisor before taking any trades.
Thanks for your time. Happy Trading and Learn something new Everyday.
MARKET CLOSED. LEARNING NEVER DOES. Before the article, i would like to mention something.
I made the account on tradingview 2 years ago. But its the last 6 months that i have completely fell in love with this platform. Apart from tools, no other platform gives opportunity to connect with a community of traders like this. I like to call this 'Facebook for traders.' I have been spreading the word about it since months now, and i encourage others to do that same. Lets strengthen the Indian community on this platform.
Let us start with the article now,
Breadth analysis is one of the most valuable aspects in technical analysis. It introduces a new dimension to analysis, where it reveals the true strength or weakness of the targeted market. Such dimension is not attainable from the standard price and volume chart.
Breadth Analysis can be applied to any sector in the market or to a specific industry group as long as there is a way to determine their constituents and the components.
In the last few decades analysts have managed to develop some very sophisticated technical indicators based on market breadth. Some of which form a part of this article.
Market breadth indicators are sometimes referred to as broad market indicators, since they do not refer to individual stocks.
Did you know?
In 1901, Charles H.Dow commented in his June 23,1900, editorial in the wall street journal about the number of advancing and declining issues-”Of these 174 stocks, 107 advanced, 47 declined, and 20 stood still.''
This gives us an idea that Market breadth analysis had been paid attention to long before the studies around such analysis came out.
(I tried to type the whole article here on tradingiew but i am unable to attach pictures, if anyone knows how to, please share in the comment section below so that i do not have to attach an external link. Thanks)
Continue reading the article at tradersworld.co.in