Gold is about to form head and shoulder pattern so all buyers will came
Firstly they trap sellers who enter at breakdown after breakdown it rally and make head and shoulder otherwise they trap her nor they trap head and shoulder buyers
GSFC the moves are impulsive we have first 9 Waves up it could further subdivide in 13 waves will have to wait but any pullback to 155-147 will be good add zone for long term investment.
I am not a SEBI Registered Analyst please consult your advisor before investing charts shared for education purpose only.
As Per Smart Money Concepts ..
Usd/cad Currency Pair Its Important Support Zone And Sustain Below .
We Can See Good Down Movement In This pair..
Stop loss Also Mention In Chart.
Disclaimer:- This Post Is Only Educational Purpose . Trade With Your Risk Management.
As we can see, in the past NIFTY has taken support from that same Ascending Trend Line multiple times,
taking support and moving up at least 10%, we can see that from S1, S2, and S3.
The Risk is minimum.
Stop loss(below Trend Line{TL}- a strong close of candle below TD) and the reward is 17000 mark.
Our key principles:-
> We will only enter a trade when we are...
DRREDDY showing weakness after taking out short side stoploss so looking to short around 4518. Looking forward expecting price moving down towards 4444 and 4380 with trade invalidation on close above 4565. Bear put spread is my preferred way to enter short as the overnight risk is defined.
Observation: -
In the chart, we can see recent low is broken. so, it is the change of character on 1HR chart.
Probability: -
We can think that there's probability of the price is going to meet its 4-hour POI. so, we can enter in the short position after touching poi of 1hr in 5 min chart with change of character with the target of 1.05640 and we can set target...
