Bitcoin has closed below the rising trend line, saw a retest of 0.382 fib level and we have a bearish engulfing on the 0.382 fib level.
We have a decent sell opportunity here. You can see the entry price, SL and TP in the chart.
Main hurdle here would be sub 9200 level, and we might see a solid bounce back from there. Need a strong close below that level to...
Market view negative for today if it stays below 3210.50
Sell at 3200
SL at 3211
Target 1: 3181
Target 2: 3264.75
This post is only for educational purpose. Do not trade solely based on the above analysis. Always use proper risk management. Happy Trading :)
May your trading day end in green :)
Spot Gold (XAUUSD) analysis:
Gold had a strong supply zone at 1735-1740 and we saw a sharp fall from that level. Now we have a decent short opportunity in gold, at current levels. Gold has also formed a lower high and is in for a lower low.
SELL at 1687
Stop Loss (SL) at 1709
Take Profit (TP) at 1625
Favourable Reward/Risk ratio of 2.8
Good evening, traders! I hope everybody is doing great and making use of this quarantine by learning new skills.
This post is about my view on NIFTY. This post is pretty long than it should've been, but I am pretty sure you will gain valuable insights from this post. Do give it a read.
I have an experience of about 1.5 years in the financial markets and I have...