Technical analysis: EthereumClassic/Ethereum is in a range bound and beginning of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 52. Trade Setup: We opened 10 BUY trade(s) @ 0.03178736 based on ' Bullish Engulfing' entry method at 05.07.2018. Take Profits: TP1= @ 0.0336 TP2= @ 0.0384 TP3= @...
There is no trend, it is NK225 that goes between 22000 and 23000 range. However, it is still difficult to understand price movements. I think that there is no problem by doing both trading and selling. << tactics >> 1) MPP (P) 22372.6 can be recognized as functioning. short. There is WePP (S1) 22195.6 on the way, but thought to penetrate, it limits above...
this is from my last idea i think this trade will be more easier to enter on 4 hour i am waiting for v formation
The rate once went back through the double zero 6000.0. Currently it is a situation to receive resistance at around MPP (S1) 6353.9. Judging that it is a down trend, if you apply the set sequence, I'd like to have a short position well. <> 1) Resistance MPP (S1) was judged to work. Short entry. The limit is above double zero 6000.0. Or if you assume double...
It have temporarily updated the latest low of 0.74126 this week. Recently, the resistance line works smoothly and it goes down one step, so if you go as it is, it will be the trend price since 2015. Weekly chart There are four lines that become the barrier. (There are many) 1) MPP (S2) 0.73356 2) YPP (S1) 0.72900 3) MPP (S3) 0.72586 4) Horizontal line near...
VERDICT: 1) FORMING HH & HL from last 6 sessions 2) Divergence is forming after todays HIGH (26 Jun) 3) Defined SUPPLY-ZONE is between 1916 to 1932 & above 4) Broke triangle formation with lower than average volume, but after that maintained above average volume. 5) HDFC has seen 75 % delivery on avg of 8 days => HIGH DELIVERY means PEOPLE are expecting price...
The 4-hour chart of EUR/USD is currently in downtrend. It has formed a double top pattern and the price is currently re-testing its resistance. Also stochastic indicator is bit over stretched and it is in overbought zone. As per our analysis,we expect selling pressure to return to the counter in the resistance zone.
Eilot wave formation on recent candles (based on CLOSE) which suggests on 26th June, market should close around 10830 (10824 is resistance level) This analysis is confirmed by HIDDEN DIVEREGENCE seen on STOCHASTIC graph.
The 1 hour chart of EUR/JPY indicates that the pair is currently in sideways trend. The pair is currently moving towards its upper range limit which is a strong resistance. The stochastic indicator is also moving towards overbought region. If the resistance holds, traders can go for a sell.
The 4-hour chart of GBP/JPY has formed a double top pattern. Now the pair is in a corrective rally and it may extend upto resistance zone of 146.098. But the pair can witness selling pressure even before reaching the resistance zone. There is also major news event today,so expect high volatility in the counter.
NSE:UPL is trading around its support of 688-685.....if it breaks then 620 is coming soon...
NSE:NIFTY i will short nifty around 10900 sl 10950............... contra trend trade...........trade with light position
NSE:INDUSINDBK has broken out from its range of 1600-1800 and is sustaining.....so i will buy around 1900 for trgt 2100 sl 1820 ....
NSE:ONGC has printed a bearish pinbar around its resistance of 175 and also 50DEMA crossed 200DEMA so double confirmation that price is likely to so south... Trade with strict stoploss of 180..... i will look to short in future tmorrow and will update here
We have seen very good Down trend in the formation of LL/LH from last november but now we can see buyers are coming (as per momentum) and trying to control the market also we have got our first HH so now we need a buy signal only.
NSE:IBULHSGFIN closed just below its support of 1140... may go down to 1050
Price bounced from support after making double bottom with momentum and sunpharma trading in range between 600-432 and we can see clear first HH formation So its very good signal that price will go up,Now waiting for signal. NOTE - YOU DON'T NEED MORE TRADES FOR MAKING MONEY,YOU NEED ONLY FEW TRADES WITH QUALITY SETUP,FOR THAT YOU NEED TO CREATE A WATCHLIST FOR...
We can see seller trap at bottom,This is very good sign of trend change and also there is a very good RRR. NOTE - FOREX TRADING IS NOT FOR EVERYONE AND FOREX CHART ANALYSIS IS FOR EDUCATION PURPOSE ONLY, I DO NOT RECOMMEND ANYONE TO TRADE FOREX,I AM SHARING MY TECHNICAL ANALYSIS KNOWLEDGE ONLY.