ButterflyTraders

ButterflyTraders

here you can see the support and resistance zone on chart. banknifty may take support and will show us a trend reversal and targets for long position are 35700 and stoploss is below support zone. on 5m time frame banknifty shows a inverted head and shoulder pattern.

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ButterflyTraders

as seen on chart there is double top and it clearly means that trend reversal. then additional trendline also broken and i am sure it will go down 80% chances and i am placing stoploss just above the dounle top. trade safely.

ButterflyTraders

here we all know about market move in up, down, or sideways. In GBPUSD the situation is like we can expect to move on both sides up or down. but we have to wait for both conditions. the cart analysis is very powerful but we always must use stop loss for our capital protection. best regard ButterflyTraders

ButterflyTraders

GOLD ON CHART SHOWING A DOUBLE BOTTOM PATTERN AND BREAKING A TRENDLINE AS RESULT TREND REVERSAL. AT THESE LEVEL YOU CAN GO FOR LONG POSITION WITH TRAILING YOUR SL.SCREENSHOT SHOWING A NEXT TARGET LEVELS FOR GOLD.