The chart displays the weekly price action of the Nifty 50 Index, with a strong upward trendline drawn from March 2020 lows to the present. This trendline acts as a key support level, and the index is currently testing this support. A break below the trendline could signal a bearish shift, while a bounce may suggest a continuation of the long-term uptrend.
Currently oversold so won't be surprised of a bounce, but pending LTF closure below for a breakdown as fundamentals suggest to long NZD against AUD due to policy divergence and upcoming pricing. Be on the lookout for future econ events to see if it invalidates
I'm liking the chances the RSI yellow line can breach into the 70s again like it did in Jan 2021 & Mar 2024. Especially with executive orders as catalysts. Could it be enough to get TOTAL to 5T? Good luck to us all!
Hi everyone, Please don't forget to press the like button to receive updates of this analysis. ? SIGNAL ALERT BUY EURJPY ( FX:EURJPY ) | 162,309 , 162,221 ?TP1: 162,500 ?TP2: 163,100 ?TP3: 163,950 ?SL: 160,908 Stop Loss RR ratio - 1,32 Thanks to everyone who supported my analysis with likes ??
1.In weekly timeframe we can witness strength. 2.volume has pickup in recent time. 3.If it sustain this level we can see rally in sometime. 4.It is above 20,50,200 ema.
As @NayibSayilor requested, I analyzed the SKLBTC chart, and here are the results. I believe it will experience a slight decline towards the target prices. The danger zone and stop loss levels are also indicated on the chart. Note: My ideas are not intended for any type of scalping or scalpers! Here are my other ideas: https://www.tradingview.com/u/TheMandalor/#published-charts
The price is approaching the critical resistance in red again. ? Targets if breakout occurs: 1️⃣ First Target: Green line level 2️⃣ Second Target: Blue line level
Pattern within pattern has become the good setups that I always look when the market provides. In scenarios like this, the probability of the trade to play out has always become very high. But that shouldn't make you to jump into the trade without having confirmation, you will increase the risk, always remember that confirmation is key.
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