Adaniports fut made classic flag n pole pattern on an hourly charts with good oi & broke past upper end of flag. With very good risk:reward not to be missed breakout. Could b bought with mentioned stoploss & target.
Hello dear traders, today GBPSUSD continues its winning streak during the recovery process, with trading levels around 1.266 and remaining within an upward price channel with stability. It is expected that the price will continue to recover after the correction phase and reach the lower limit of the ascending channel, while also testing the EMA 34 and 89.
Hello traders, what do you think about GOLD? The fear of risk has driven the demand for US government bonds, contributing to the prolonged weakness of US Treasury bond yields across the yield curve. The slight decrease in US Treasury bond yields helps limit the adjustment of Gold prices. In the coming days, the momentum of the US Dollar and US Treasury bond...
Dear friends, what are your thoughts on gold after a challenging week? Let's also strategize for the upcoming week. Looking back at the recent period, the price of gold has mainly been fluctuating around the range of $2022 to $2028, despite some news affecting gold, but not significantly. Until last Friday afternoon, gold experienced a significant volatility,...
The EUR/USD pair is trading with a softer tone as the US dollar (USD) modestly rebounds in early Asian trading on Monday. The market will be paying attention to the US PCE inflation data for January this week, which could cause some volatility. At the time of writing, EUR/USD is trading at 1.0818, down 0.01% on the day. With the possibility of forming a head and...
Hello everyone, RKarina is delighted to meet you all again. Let's discuss our strategy for the new week for XAUUSD! Currently, at the opening of the trading session, gold is moving quite steadily at around 2033 USD, with no change in direction compared to the last closing at 2035 USD. In terms of prospects: From a technical analysis perspective: the Bollinger...
Hello dear readers, it's RKarina here again. Currently, EURUSD has temporarily closed its trading activities and halted at the level of 1.081. It can be observed that the past week was a profitable trading week for buyers as the price was consistently supported and moved up from the newly established support level at 1.070. As a result, the risk sentiment has...
Hello everyone, today EURUSD has risen higher on Thursday, testing the highest bid price since early February before returning to the 1.0800 area after the European and US Purchasing Managers' Index (PMI) data came in slightly lower or contrary to expectations. With the ability to create DOW from the chart using Fibonacci retracement levels, the upward movement...
1. Wave 4 as per EW Theory seems to be in progress. The price actions seems ready to breakout for Wave 5 and a potential 35% upmove. Wave 4 has retraced almost 38% and rise in Volume in last few week shows that wave 5 is just about to begin. 2. Breakout from the rectangular box above 170 can potential take the price to 225-235 range i.e. ~ 35% up from...
Hello everyone, it's RKarina here again. Overall, GBPUSD continues to trade in an upward trend. So, what factors are driving this upward momentum? Today, the GBP/USD pair achieved modest gains above the 1.2600 level in the early Asian trading hours on Friday. The decline of the US Dollar provided some support for the major currency pair. Currently, GBPUSD is...
It is clear from the setup that the price is at the lower edge of the rising parallel channel. If bounces back from these levels, there may be a bullish phase. Immediate support may be around 175. if sustains below 175, will be out of our setup. This illustration is only my view, not a trading advice in any form. Please conduct your research before taking any...
A strong pole & a flag consolidation is formed on Astral. Price hovering around the flag resistance indicates a breakout is highly probable. Price consolidating in All time High territory, so no resistance to the upside. Disclaimer: This is NOT a trade recommendation but only my analysis. Please do your own research before trading.
On 4H TF BINANCE:PERPUSDT is trading in #TrianglePattern and now, I'm waiting for a breakout This pattern can make at least 40% profit Wait for a breakout and close above trendline Time will tell
NSE:SKIPPER is expected to break past its resistance and may rally up to 20% in the near future. Technical Reason - NSE:SKIPPER had been on a downtrend in the first half of December before resuming its upward movement from 22nd December. NSE:SKIPPER has been on an uptrend ever since breaking out from its downtrend channel. NSE:SKIPPER has always...
After Marking up my charts on the Daily Time Frame I realized that Price was at the bottom of a channel at 0.85209. Price then consolidated and retraced to a Stronger Daily Supply Zone. MACD was showing strong a Divergence directly at the channel. Once i seen Momentum in the upward direction I waited for Price to Cross the 20 EMA. Entered and set the Stop Loss at 0.84971.
HAVELLS Fut broke out of ascending triangl on an hourly chart with decrease in OI suggesting short covering. Could be bought with mentioned stoploss & target, Not to b missed breakout with very bullish R:R
TATACHEM Fut is trading inside range from past 5-6 trading sessions, also inside these range it made descnding triangle pattern & its on the verge og breaking out of triangle. Could be bought with mentioned stoploss & target.
CANBNK Fut made flag n pole pattern on an hourly charts with decent OI addition suggesting long build up & its about to break out of formation. Could be bought with mentioned stoploss & target.