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Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past.
Candlestick analysis is a very useful form of technical analysis. It works almost perfectly in volatile times but also functions adequately in less volatile times. All in all, candlesticks, as well as candlestick trading, works fairly well in isolation or when combined with one or two other indicators.
Candlesticks represent fluctuations in price for a certain period of time. Durations may be as little as one minute or as large as a week or month. The body of the candlestick is the price difference between the opening and the closing time. The two vertical lines on each side, which are called shadows or wicks, display the highest and the lowest point of the price for that period of time.
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Time Frame - 4 Hour
Currency pair - Usd-nok
Buy @ - Low price . analysis 50 sma
Stop Loss - closes support level
Take Profit - near closes resistance level
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
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eis mein earning krna kafi difficult hoti hai kyun k eis pair ki market easily
samjh nahi ati eis tarah eis pair mein loss honey k ziyada chances hotey hain eis ka trend down
hota jaa raha hai
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USD / NOK
For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 9.014
Resistance Level (R2): 8.998
Resistance Level (R1): 8.987
Pivot Point: 8.971
Support Level (S1): 8.959
Support Level (S2): 8.943
Support Level (S3): 8.931
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Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
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Today i am going to discuss this pair..
results of analysis of using daily pivot point calculations
I see this pair still in strong bullish movement . If this pair keep moving to up side , I predict this pair will reach to the next resistance level, maybe this pair will make some correction to the next high level.
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator . BUY position is better choice now, you can set target profit level 35 pips from current price
forex ke trading main yeh bhe ek great pair hai trading krne ke liye or new user ke liye tu yeh ek gift hai ap log agar es pair per watch kr ke trading krte ho tu forex ke trading main es jesa koe or pair nh hai yeh ek great pair hai forex ke trading main watch kr ke trading kren tu best earning deta hai yeh pair ,
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In the 1day chart, we see the stoch(5,3,3) strongly showing downtrend and has not reached the bottom level yet, while the macd also still show downtrend signal and the bbands still has to bounced the lower side to be able to reverse.
It is the current view that usdchf is continuing the downtrend. Making a top at 0.9845 Wednesday, January 10, usdchf continue the downtrend that start at the top at 0.9977, so we have enough reason to believe that usdchf continue the downtrend. Usdchf has now reached the lowest at 0.9697 which already broke the last bottom at 0.9699. Also, usdchf show strong momentum down still so usdchf possibly continue the downtrend.
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My dear the technical analysis of this pairs and the trend of this pairs Usd/NOkis bullish.
The resistance and supporting level of this pairs is very success now.
The following resistance and supporting level of this pairs is as under.
The resistance level of this pairs.
R1=8.5703
R2=8.6065
R3=8.6705
The supporting level of this pairs.
S1=8.4700
S2=8.4060
S3=8.3700
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I anticipate this pair Usd/Nok have bullish course
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the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
I recommend to take LONG position today.
time allotment that is considered while making backing and opposition levels – Day by day and Week by week time allotment, think about the day by day monetary news before taking the exchange.
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Pivot Point is 8.8887
Trend is SELL
@1 Resistance : 8.9087
@2 Resistance : 8.9352
@3 Resistance : 8.9553
@1 Supporting : 8.8622
@2 Supporting : 8.8425
@3 Supporting : 8.8145