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Resisance

AUDCHF: uptrend and strong support indicate room to the upsideThe pair has been in a longer term uptrend (better visible on the daily chart). After the strong bullish move recently, the price is now retracing to the previous support levels, ready to continue further up. Stochastic indicator show oversold levels both on the 4H and the 1D chart, which indicate that the sellers are losing steam. The support area offers great opportunities for traders entering long, with a good R/R ratio of initially 1:2 but with potentially much more room to the upside.
Long
by UnknownUnicorn553472
Nifty : Planned to stay out, But Why ??Before someone thinks why ? how can you be without trading Nifty ? how can you make money n sort of questions, lets see what chart conveys us. We are in strong support zone of Nifty but here we don't have proper risk:reward if we choose to enter long positions. So we wont b entering our trades here instead wait for 8540's zone. Its very small support zone so need to watch Nifty keenly before taking decisions @8540's, don't miss that expiry is in another 48hrs - so ranging might be possible. Let's wait till it comes to our marked zone before entering long. I don't prefer to enter long now around 8580's bcos of R:R. So I will wait n see what happens @ 8540's. If Nifty bounces back from here, no issues. That is what is known as Following Ur Plan n Discipline. Hit Likes if you like the post... Thanks for your Support..Happy Trading !
NSE:NIFTY
by InsiderB
EURJPY Analysis Week of July 24, 2016Weekly: Price is currently in a downtrend. The 20 moving average is currently being used as a dynamic resistance. We will use this towards our trading plan. The end of the week candle closed as a bearish pinbar. The size of that pinbar in relation to the previous bullish candle is not convincing that price is to continue its way down. Daily: Looking at the daily chart we can see a nice well formed channel. Price broke through lower and decided to get back into the channels range. This indicates that price has some bull movement before its continuation down. 4 Hour: Looking at the 4 hour chart we can see a nice structure forming. A good area to go long is between support 114.500 - 115.500. A safer route would be to wait for price to reach resistance 120.500 - 121.500 to short for its continuation down. Wishing everyone a good trading week!
Short
by Jnwsk
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