HDFCBANK is forming a perfect descending triangle pattern over last 3-4 months and desperately need a breakout from the pattern. Descending triangles can breakout any side so lets wait till the breakout happens and it became more valid with 3 touches on flatline. Keep HDFCBANK in your list to look out for shorterm and if it gives ample opportunity to enter after...
Possible Bearish cypher is forming with CD leg completion D @ 128.57 in FX:EURJPY . If all goes fine, CD leg completes at expected level, will take short position. Adjusted our entry levels to get better Risk:Reward.
Was going through few charts during Saturday morning and found this Bullish Gartley in EURJPY , if your trade plan and risk ratio allows you to go Long, Take positions. In Pattern trading each one uses different ratio's, so check whether the ones you are using suits you and works for You. If you like the idea Like/Share & Comment :) Happy Weekend !
Just take a look at the chart, we are in a good position to go Long on NYSE:GE General electric, if you look out for valid reasons - Below are few : 1) In 4hr chart, we have Double Bottom & RSI Bullish Divergence 2) In Hourly chart, its a Triple Bottom with RSI moving upwards 3) Check the Support area marked in Green, its along previous Resistance formed in 4hr...
NSE_EOD:NIFTY which is traded in NSE,Mumbai & scrip name as Nifty Futures January is likely to continue its downward move and possibly reach around 7250's. We know that Gaps act as Resistance/Support and check your trade plans to place stops around that region NSE_EOD:NIFTY from 7650's to 7750's. Possible Targets around 7200's to 7250's and its more likely to...
Eventhough its late entry( which is usually 0.786 of XA retracement), it offers us better entry level for FX:USDCAD to go Long, Check your plan and Decide !
Bullish Gartley setup in FX:USDJPY , if you are looking to go long its right at Pattern completion D. Lets hope the Trade wins ! Happy Trading !
Bearish Bat with very good Risk:reward ratio. With RSI also being overbought, we can expect the pair EURGBP to go down to reach our targets around 0.7550 and Stops around 0.7579's Happy Trading !