I took this trade because of the rising wedge pattern formation and bearish divergence.
I took this trade because there was no divergence and there are a series of LH and LL. So, I applied the trendline concept And placed an instant sell order.
EURNZD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the reasonable retracement level. If the sell momentum continues the next target could be 1.7500
USDJPY is making AB=CD pattern. And we have a very prominent divergence at the potential reversal zone i.e., D. Now, I am expecting reversal of trend. So that is why I have placed entry point at point B and stop loss a little above point D.
In this chart we simply applied Dow Theory because there is no divergence on RSI indicator. So I simply placed a buy stop order in which my entry point is slightly above from previous higher high and stop loss is on last lower low.
In this chart we simply applied Dow Theory because there is no divergence on RSI indicator. So I simply placed a buy stop order in which my entry point is slightly above from previous higher high and stop loss is on last lower low.
USDJPY is making double top. Firstly, I identified whether USDJPY had a bullish or bearish trend. Then I checked for divergence, there was bearish divergence. Then I identified a reversal pattern i.e., Double top and traded accordingly by having stop loss at the two tops ( resistance ) and entry point at neckline
Analyzing seasonal patterns in gold usd. I analyzed one month chart.
Entry Point : 2453.34 Stop Loss : 2304.41 Target : 2630.13
Entry Point : 194.81 Stop Loss : 192.68 Take Profit 1 : 196.97 Take Profit 2 : 199.10
Entry Point : 107.195 Stop Loss : 106.433 Take Profit 1 : 108.082 Take Profit 2 : 109.017 Lots : 0.56
Entry Point : 141.675 Stop Loss : 140.687 Take Profit 1 : 142.701 Take Profit 2 : 143.700 Lots : 0.44
Entry Point : 0.68236 Stop Loss : 0.68729 Take Profit 1 : 0.67712 Take Profit 2 : 0.67204 Lots : 0.61
Entry Point : 0.83719 Stop Loss : 0.84151 Take Profit 1 : 0.83292 Take Profit 2 : 0.82862 Lots : 0.97
NVIDIA is in bullish trend NVIDIA is making a bullish flag
Gold usd is in bullish trend Xauusd is making a bullish flag Lots 0.000002
Entry Point : 108.321 Stop Loss : 106.586 Target : 110.253 Lots : 0.25