analysis mentioned on the chart. Go short at cmp , keeping sl of wave 1 that is 1.08135 target 1.07400/1.07050
analysis mentioned on the chart
Euro against Dollar , is looks like in Seller control in weekly analysis ,inspite its long term bullish move.. price action analysis only for education purpose..
Gold against Dollar , expected to make a bearish move this week, in weekly chart ,last week it finishes with long tail doji bar, which indicates a bearish move on coming week strongly.. analysis for education purpose only,
I will buy AUDUSD because : It has been taking support at the trend line . So will be looking at buying opportunities. Entry : 0.75318 Target : 0.7572 Stop loss : 0.752
The US benchmark index has given a rounding pattern breakout on hourly chart. Though the breakout was given just an hour before market close on 4th Dec 2020, but today's gap up has continued the upside. As per the bullish breakout of the pattern, dow jones can touch app 30850 - 31000. And as per the current chart scenario one can buy with a stop loss below...
analysis mentioned on the chart.
Analysis mentioned on the chart.
International Gold , XAU USD has formed an inverted head and shoulder pattern on the hourly charts. Break out awaited. Upon break out Gold can touch 1850 - 1870. Trade as per price action.
The US index Dow Jones has formed a Cup & Handle pattern on hourly charts. Breakout is awaited. A valid upside breakout will lead to further upside but previous swing high may act as a supply zone.
The daily is turning down against the March highs at 111.68. The 4 & 1 hour are turning up against 103.14 to correct the cycle from the May highs. While above 103.12 the pair can see strength toward 107.00 before a turn back lower. Sell @103.85-104 TP: 103.25 SL: 104.20 Good luck !
After the impulsive 3rd wave formation, Bitcoin went into a triangular wave correction which can be considered as already completed. No we can see the bitcoin to reach to a new high as a final thrust of the current impulsive sequence.
According to Price action analysis, EURUSD looks like a supporting a sideway movement this week,