Trader
GBPJPY 4HR ProjectionOverall GBPJPY has bearish trend.What we can see this week is if there a rejection at current support level the price will get back to 135.00 . However the price couldn't cross at 134.00 in the previous week after multiple attempt. so if the trend continuous we can expect is the price coming down to 129.50 for sure by this Thursday or week close.
Viewer's Query : Amrutanjan @ 339 || 29-May-20 || 01-HRAmrutanjan @ 339 || 29-May-20 || 01-HR
- Is it preparing for an upward level ?
- Let see the price action - BUY once it crosses 347
- Only caution is MACD - so watchout how MACDline functions till the time breakout comes.
WATCHLIST
#NSE #Nifty #Nifty50 #Sensex #NiftyBank
Trade setup on 💰Bitcoin for Swing Trader. Trade Setup for "Swing Trader" :-
Plan (A):
Sell 9692-9780 nearby target as 8874-8838 and 8842 nearby
If you can chance, then
Plan (B):
Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby
The U-turn(at 5th wave) clear on Projection in next month. We'll in down-side trend before the starting next month.
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======================= Replay (last worked) ======================
#LETSTALKABOUTMARKETS- NIFTY AUTOAs we can see Nifty Auto is trading in a rectangle pattern. A strong support is placed at 5000 level making it a psychological level as well. Nifty Auto seems to be moving in a sideways pattern.
1. A sustainable breakout above 5500-5600 will give this index a new leg.
2. The current Bollinger Band trend shows that the volatility is reducing.
3. RSI retraced from the level of 60 which acted as a resistance. The momentum seems to be weakening.
4. It seems to be taking support at the mean level of BB, and any weakness from here can take the index to the levels of 5150-5050.
5. Nifty Auto may underperform in the coming days and test its support zone.