A one-month-old horizontal area probes EURUSD bears amid oversold RSI conditions, portraying a corrective pullback towards the late March low near 1.0945. However, a convergence of the 50-SMA and 100-SMA, as well as bearish MACD signals, can challenge sellers afterward. In a case where the SMA confluence fails to stop buyers, 1.1120 and the last monthly peak...
Sail work in parallel channel, it may test 122 soon. if sustain above 122 it would be break out of falling wedge pattern next target would be 140 and 175 in upcoming month.
Despite refreshing a 10-month high the previous day, AUDUSD failed to provide a daily closing beyond the monthly resistance line, around 0.7600 by the press time. The resultant pullback moves currently battle October 2021 high while teasing the bears. That said, overbought RSI conditions add strength to the latest retreat, which in turn suggests the quote’s...
NIFTY in consolidation after hitting high near channel top 18115
down side 17700---17800 is the support zone based on following analysis:
support :
20 ema : 17750
critical trend line (white) support near 17740
gap to fill support : 17688
note : LRHR (Low risk high reward opportunity ) will be finding selling opportunity near channel top
and finding buy on dip...
GBPUSD struggles to defend 1.3100 inside a one-week-old symmetrical triangle. Even so, an impending bear cross and failure to cross the horizontal resistance since late February during the latest upswing keep sellers hopeful. That being said, a clear downside break of the 1.3100 threshold, also comprising the stated triangle’s support line, becomes necessary for...
There is a support from 44 MA and as well as there a double bottom .Stop loss is just below the moving average and the support and resistance area.You can also choose 50 but i prefer 44MA
Risk and Reward is 1:2 .
Also double comformation is giving by support and resistance area .
Trade must go on for one week or so .
Be it a clear bounce off the 50% Fibonacci retracement (Fibo.) of an upswing from mid-March or sustained trading beyond the one-week-old rising trend line, not to forget the 50-SMA, USDJPY has it all to revisit the multi-year top poked during late March. That being said, the 124.00 threshold may offer an intermediate halt during the run-up targeting the recent top...
NIFTY respecting white trend line along with trading within upward green channel
17500-17400 support on downside and on upside immediate hurdle previous swing high at 17789 --795
till it is getting channel support and trend line support bias is positive with caution (as last leg of wave d (e)
this impulse move should not slow down.. and bulls need to be...
I will buy FCL because :
The price is forming a Ascending Triangle Pattern.
The price has broken the resistance.
The price is in Uptrend and has been forming good Volumes.
Entry : 187
Target : 220/250
Stop loss : 172
EXPLANATION : This is a 15 Min time frame chart of BANKNIFTY , Support & Resistance Strategy , Trend line Resistance I will look to go upward if it gives a good breakout of Trend line . Entry as per your entry setup .
