Based on the Potential Reversal Zone (PRZ) at the SNR level, a possible short setup is indicated. The RSI also shows a clear bearish divergence, supporting the same outlook. However, it's essential to manage risk carefully, and remember that one trade doesn't determine your future. Cheers! ?
Elliots wave theory suggests this possible move. Being on the 5th leg and being in a price adjustment with the current movement of price we are looking to move futher down into the previous Demand zone before looking for the next run Good luck to anyone that decides to follow
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? Price Action & Trend Analysis Analyzing market trends using price action, key support/resistance levels, and candlestick patterns to identify high-probability trade setups. Always follow the trend and manage risk wisely! Price Action Analysis Interprets Market Movements Using Patterns And Trends On Price Charts. ???Follow us for Live Market Views/Trades/Analysis/News Updates.
TWSE:2344 Winbon is strong and strong from the bottom. Ichimoku shows three bullish golden cross and the strong run up from 12th Feb is supported by the spike in volume. Long-term MACD has turned bullish, supporting the strong run up in long-term momentum. Stochastic oscillator has confirmed its oversold crossover and is starting to turn bullish. DMI supports the bullish strength Long-term monthly chart shows strong upside recovery after the 3-wave corrective structure was seen rebounding strongly at 1-123.6% Expansion of ABC. https://www.tradingview.com/x/VqRhpwh7/
.No any bearish divergence on RSI. .Fibonacchi exactly retrace on 0.50 Value .Take entry on Last HH buy stop .Drive with the trend.
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The Cable (GBP/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as an overlap support. Pivot: 1.2719 1st Support: 1.2574 1st Resistance: 1.2812 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
? Price Action & Trend Analysis Analyzing market trends using price action, key support/resistance levels, and candlestick patterns to identify high-probability trade setups. Always follow the trend and manage risk wisely! Price Action Analysis Interprets Market Movements Using Patterns And Trends On Price Charts. ???Follow us for Live Market Views/Trades/Analysis/News Updates.
? Price Action & Trend Analysis Analyzing market trends using price action, key support/resistance levels, and candlestick patterns to identify high-probability trade setups. Always follow the trend and manage risk wisely! Price Action Analysis Interprets Market Movements Using Patterns And Trends On Price Charts. ???Follow us for Live Market Views/Trades/Analysis/News Updates.