Trading Signal:
A Trading Signal is seen in the USDCHF Currency Pair.
Traders can open their Buy Trades NOW
If you liked our ideas, please support us with your likes 👍 and comments.
I will buy GICRE because :
It has been taking support at the trend line .
So will be looking at buying opportunities.
Entry : 122
Target : 169
Stop loss : 111
Hi traders,
Gold against US Dollar weekly analysis, post election first week analysis shows a bullish view like last week also , this pair looking to go high may be till 1975 - 1980 mark this week, but first few days of the week may see a down side almost it has a chance to touch 1925-1930 price range, then it has all the chance to go up against weaker dollar in...
The analysis is given on the chart
Comment if you have any query and if you like my analysis, don't forget to press the like button.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and...
The Specification of Alt. Bat Patterns are the following:
The B point retracement must be a 0.382 retracement.
It must have a minimum 2.0BC projection .
Requires a 1.618 AB=CD calculation.
For the targets, I used a previous important level as 171.8 & 168.9 OR you can also use retracement level to secure your profit.
2.0BC projection more than it.
1.618 AB=CD @ 169.45
1.13 extension is the Potential Reversal Zone.
T-Bar should be as per requirement of Alternate Bat Pattern for Reversal at 172.75/174.4. The expected fall can below 169.3.
Trading Signal:
A Trading Signal is seen in the EURUSD Currency Pair.
Traders can open their Sell Trades NOW
If you liked our ideas, please support us with your likes 👍 and comments.
The "B" mid-point is at 61.8% of XA leg.
(Alternate Bat required exact 38.2% B retracement)
For the Crab pattern or Gartley, the "B" can be 61.8% but D must me equal or more than 2 AB = CD.
By the looking on the chart, we have 2 best entry point to enter long side.
"B" retracement of XA leg @ 61.8%
AB = CD, is at 11737
Potential Reversal Area with overlapped Terminal bar.
"D" retracement of XA leg in range of 1.27 to 1.618.
Spent 5 Day for, "B" retraced, "D" also 5 days.
This is the district the Gartley Pattern example. The price is travelling 61.8% retraceme nt area after reversal area.
The price will move upwards towards the PRZ area where I can expect selling pressure and price can fall up-to 38.2 or 61.8%.
Let's watch for the Terminal Bar near the PRZ area to execute the trade.
The mid-point "B" has retraced 50% of leg XA.
Either the Alternate 2AC=CD at 1.16791, or 1.618 AB=AC
The 0.886 "D" point retracement of XA leg as defined at 1.17108 is the starting of the PRZ to enter a long position after the Terminal Bar is verified.
The range of the PRZ is 300 pips starting from 1.17108 to 1.16791. The TERMINAL BAR of this pattern...
(i) A Bullish Bat pattern is defined when the B point is less than a 0.618% retracement and In the above chart there is 50% B point of XA leg retraced.
(ii) A Bearish Bat Pattern occasionally forms after retracing from a critical high point. ie, 3388.70
the retracement 0.886 will occur close to the prior high when completed, which is X.
Wait for the...
