1M chart New trend is identified after correction and is marked with a vertical line. 1W chart analysis is focused on new trend. Price action is trading through Impulse wave 3 targeting 81.5 1D chart analysis is focused on Wave 3-Impulse and after the 1W vertical line Impulse wave-3 of 1W chart is under Wave-4 correction in 1D chart. Wave 4 targets 38.4 to...
Trade Setup Trade direction: Short Entry: 94.0 Stop loss: 95.0 Target: 92.0 Please post your agreement if my forecast is in line with your analysis. Please comment with your disagreement I am wrong.
This post is in continuation to multi time frame analysis linked to this idea. Correction to uptrend is spotted as shown in chart. Trade setup: Trade direction: Long Entry: Upon 1D close above the correction pattern Stop loss: 84.9 Target: 92.0 Target Duration: July -August 2020 I don't want likes, I want agreements / disagreements. Please post your agreements...
Refer the linked idea for multi time frame analysis on 14.06.2020. This post is in continuation to it. That's the correction spotted within the channel is what I was looking for. Expected support at 0.702 Enter long upon break out of channel resistance.
Trend: Uptrend. Trade : Long Stop loss: 0.6870 Target 1: 0.72177. Target 2: Upon 1W close above 0.72177, Hold until reversal pattern is formed. Remarks: Recently price had broke above the triangle correction pattern. Please support with your agreements and disagreements. Please comment and I am open for discussions. Thank you Friends
Price under consolidation between 75 and 76. 1D close above 76.0 shall signal trading long. 1D close below 75.0 shall open ways to reassess any pattern formations Please post your agreements / disagreements and support building myself and preventing losses. Thank You
Please find the hourly time frame analysis which was missed in previous posting. Previous posting on Multi Time frame analysis posted on 13.06.2020 is linked here with. Its again a wait and watch situation for short/long/swing trading.
Wait and Watch For Patterns to take long or short
USDINR is in uptrend. Recent correction is over and it is indicated by the price action breaking to the upside of Resistance today. Target: 80.0 by end of July 2020 a Trade setup: Trend: Uptrend Trade: Long Entry: At market price on 12.06.2020 Stop loss: 74.6 Target: 80.0 Trade duration: 12.06.2020 - Around 30.07.2020 Important note: Trade setup is holds...
FX_IDC:JPYINR Trade setup Time frame: 1H Position : Short Entry: upon 1H close below the correction support Target: Between 0.68 and 0.675 Stop loss: 0.695
FX_IDC:JPYINR Breaking below the 5 week support, price action validated the down trend line. It continued to drive below the low of April 2020, which invalidated the expectation of support at disjoint angle. Trend is bearish until the price offers further clues on reversal. However not to be in a hurry to catch the running market. Lets wait for the price to...
I am interested to discuss on it with you.
FX_IDC:EURINR In my analysis posted on 12.05.2020, this correction channel was overlooked. At present the price action is deviating the correction to uptrend. 1D close above the channel shall be bullish signal. Targets are mentioned on chart. Please comment with your views, agreement / disagreement.
FX_IDC:GBPINR Either of the above channels should work. Current support shall be initial target. Break below current support shall drive further drop to target 1 and 2. 1D close above Line 1 shall indicate correction or reversal to downtrend.
FX_IDC:EURINR Triangle pattern is broken to the downside. Time to short. Stay short as long as the price is within the resistance of channel. Hope it shall be fun following the trend
FX_IDC:GBPINR Drop in price today 12.05.2020 was huge. Price Drop happened upon breaking below the head and shoulders pattern. Based on above facts and momentum its seems that the fall shall continue. Short until the price is within the resistance line of the channel. Hope its going to be fun.
FX_IDC:GBPINR Price had deviated uptrend line and is under correction. Correction is expected to end around 92.0 as 1. It is the strong historical support zone 2. 92.0 is 38% Fib retracement level Wait for bullish candle stick or chart pattern as reversal signal around 92.0 or daily close above the correction channel to enter long. But this is not the time...
FX_IDC:EURINR 1M chart below shows that the price action is contained within the disjoint channel and major support and resistance areas 1W chart below indicates that recently the price was rejected when it tested the resistance at 84.3 and is under consolidation. Any close above the this resistance in 1W timeframe shall be bullish signal. 1D chart below...