Midterm forecast: While the price is above the support 17600.00, beginning of uptrend is expected. We make sure when the resistance at 26700.00 breaks. If the support at 17600.00 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (4.850). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . APEUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (33.15). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ETCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Setup Contains: 1. Stop Hunt (Sell Side Liquidity) 2. Multiple Bullish Structural Break 3. Expecting Return to Premium POI FOLLOW PAFX & TRADE LIKE BANKS 💸
USDINR moved downwards as expected in previous post... Now, considering a strong 50 EMA support, we have got Bullish Engulf on it. Past behavior of USDINR also gives us a reference that whenever we have a bullish pattern at 50 EMA support, we get an uptrend. ( Right now, trend can be cautious bullish, however, if it crosses All Time High, then we may get a fast...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9945). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
News from Jackson Hole changed the sentiment of the markets overnight. Watch this video to know what Jackson Hole is and how it impacts the financial markets, from forex to equities and commodities too.
USDINR As per Dow theory analysis on Different Time Frames, High made today is a Lower High and made that with Divergence on lower Time Frame, which gives a view of a new Low... Safest bet is the view that it cannot breach 80 soon... Hence, Bear Call Spread Sell 80 CE and Buy 79.75 CE...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.6185). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Hello Traders, Hope you all are doing good!! I expect USDMXN to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can...
USDINR is in Overbought region, With confluence of two Harmonics Pattern we may have opportunity to Short sell near PRZ levels Shorting Range - 78.3150 to 78.4286
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.06930). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . DOGEUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...
Can this happen with USDINR? time will tell, pattern suggest, chart patterns suggest 49 and then 39 as targets in years to come. Use discretion! not a trading recommendation follow @tradestrikes for more