Looks like this pair is making a rising wedge. Divergence in play so I am expecting it to break for a correction.
Commenti
Lemnos
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Thank You , mr. Anil .. good analysis
kate25
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It is interesting that price has formed a supply to get through - we have demand at the bottom - price is still in uptrend as long as pivot highs are broken and demand is picked up - my order would be for the supply above to short - but it is interesting that supply has been formed
kate25
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Thank you Anilmangal for allowing me to post on your page - I will follow along
anilmangal
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Hi Kate you are welcome ,this is why we are here to share ideas in a constructive way! I always welcome anyone to do just that, share YOUR IDEA and not just make rude or sarcastic comment on ideas share by others.
anilmangal
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We can all learn something form each other.
anilmangal
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Thank you for sharing .
kate25
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It is more of an exercise to see how the SD charts perform to others - your work is beautiful anilmangal
kate25
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4hr tf can really get a clear picture of price pulling back after new pivot high and picking up demand - I just want to bring this down again to a lower tf
kate25
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so price is at a cross road - it needs to break pivot high to continue going up - major supply above
kate25
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I just want to take alook at the left hand side of the chart - there is a nice stack of orders sitting around 193.00 area