We have found a trendline breakout and retest on weekly and daily charts, which is considered to be a strong signal. Look out for shorting opportunities on smaller timeframes. BE ALERT - We are at the Support zone at CMP. So kindly wait for its breakout for more secure trades.
Time to take a LONG entry on AUDUSD based on below price action: Confirmation: ------------------ (i) Nice bounce back from multiple support area 0.77000 (ii) Short term downtrend line break (iii) Market already in a range with multiple respect on the same R/S area TAKE ONLY 2% RISK OF CAPITAL PER TRADE
AUDUSD possible short sell OPPORTUNITY, if break the next support at 0.76000 Confirmation: -------------------- (i) Already in a downtrend (ii) Double/Tripple Top chat pattern formed & fall (iii) Short term uptrend line break (iv) symmetrical triangle pattern break USE ONLY 2% OF CAPITAL PER TRADE
EURUSD has given a clear & strong breakout of Parallel Channel towards the downside. It reversed from the resistance, which makes our second confirmation. We should look for shorting opportunities on EURUSD till it reaches its target. You can follow me on Insta - tradintra_fx.
GBPINR has consolidated a bit after the fall. A pullback was seen and the support perfectly became the new resistance. Now a fresh short position below the trend line for the targets as mentioned along with stoploss.
I am assuming Something Bigger Is Going to be happen Soon with USD/CAD Near 1.2230 to 1.2270 areas . . Waiting for confirmation pattern 😁 . . Hey Comments your throughs!❤️
Current structure suggest that EURUSD has formed an ending diagonal. One should go short in the region of 1.21250 & look for the immediate target of 1.1950
After a whole 1 year from march 2020 to april 2021 , the currency pair EURGBP has shown a corrective structure of three waves , Wave- a , wave-b as a triangular wave, and wave- c of impulse decline. The weekly price action suggests that there is quite bullish reversal chances from the recent bottoms. The evidence can be considered with the help of Bullish...
The chart seems to form a perfect M top with a clear diversion and as per the Steve Mauro setup it is expected to continue the bearish trend. GBPINR broke its trading range to make its new high and it is bound to be intervened as per fundamentals.
as seen on chart there is double top and it clearly means that trend reversal. then additional trendline also broken and i am sure it will go down 80% chances and i am placing stoploss just above the dounle top. trade safely.
here we all know about market move in up, down, or sideways. In GBPUSD the situation is like we can expect to move on both sides up or down. but we have to wait for both conditions. the cart analysis is very powerful but we always must use stop loss for our capital protection. best regard ButterflyTraders
Pair has made a bearish sequence of 1-2 ...and we are looking for a aggressive downside third wave movement. Sell on rise with SL of 1.38340 for a target area of 1.34900.
Its rejecting 0.74770 If it fails to breakout that level look for selling opportunities Immediate Support Level 0.73641 follow kingprenuer for more Analysis
analysis mentioned on the chart.