AUDUSD confirmed a falling wedge bullish chart pattern during the early days and is keeping the breakout so far during Wednesday. The RSI (14) line’s gradual rebound from the oversold territory adds strength to the upside bias. However, a convergence of the 100 and 200 DMAs, around 0.6770 at the latest, appears a tough nut to crack for the Aussie buyers to keep...
Rise from 1061 - 5 wave structure - wave 1 of A
Current structure - "c" of abc pending
abc correction will complete
- 2 / B wave
- Right shoulder of the Inv H&S (after long term down trend) - could be strong trend reversal
The corrective phase may probably get completed at shallow retracement - further indication of strong up-trend.
Post completion of...
Go Long above 1203.35 for Targets of 1286.7, 1370.05, and 1453.4 with SL 1120
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked...
Go Long above 27.95 for Targets of 31.1, 34.25, and 37.4 with SL 24.8
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with...
Fall coming below day low
bank nifty will be under pressure below 39100
Double top as well
Fibonacci 0.38 retracement
chart self explanatory
NSE:BANKNIFTY
Despite rising in the last four consecutive days, the GBPUSD bulls take a breather ahead of the key UK jobs report and the US Consumer Price Index (CPI) data. That said, the three-week-old descending resistance-turned-support-line, around 1.2140 at the latest, restricts the immediate downside of the Cable pair. Following that, the 200-SMA level surrounding 1.2100...
Hello Guys, find below are the levels for tomorrow. Do take trade after retracement and do book profits once we reach 30 to 40 points. Close all the trades once we reach the targets. Enjoy trading.
The FASP for Nifty is listed for 14-03-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
The FASP for BankNifty is listed for 14-03-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
The past week for Bitcoin turned out to be fundamentally negative as crypto-friendly and related banks collapsed. However, at the time of writing, the world’s largest cryptocurrency showed symptoms of recovery as the weekly loss stood at just around 1.00%, even after suffering a dip below the crucial mark of $20K.
On the Fibonacci retracement table, the 0.5 FIB...
Post completing 5 wave impulsive move we are seeing complex correction in Nifty of which wave W and wave X is done and currently it seems like wave Y is in the making,which might have taken a form of triangle given it's internal wave B has taken lesser time then it's wave A.Right now we are in the middle of wave C of triangle and going ahead we can see a bounce in...
USDJPY marked a second consecutive weekly loss, as well as broke an ascending trend channel, as BoJ Governor Haruhiko Kuroda departs after the decade-long workmanship. The bearish break also gains attention as the quote slips beneath the 100-SMA for the first time in more than a month. However, the nearly oversold RSI and 200-SMA, around 133.30 at the latest,...
Hello
It's a Bitcoinguide.
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I would like one booster button at the bottom, please.
This is a one-way long position strategy on the 30-minute chart.
The vertical decline has progressed to some extent.
Today at 10:30,...
The FASP for Nifty is listed for 13-03-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
NIFTY on EOD basis has given a good closing above its previous day high. This is always considered to be a very good bullish pattern.
The upcoming resistance will be at the zone of 17774 -17824 (50 Points) . The Fibo retracement of 0.33 lies in this zone too. A breakout above it will lead the Nifty towards 18071.
CHART & ANALYSIS
ADARSH DEY
The FASP for BankNifty is listed for 13-03-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
In the daily time frame, we can see that the candle has reacted with MA 200 and has taken a downward trend due to the divergence created in the RSI. Support lines obtained from Fib Retracement are at 17.36, 15.18, 12, 7.98 points.
