The chart is forming higher lows gradually on the 15 min chart. Strategy: Wait for bullish confirmation and make and entry around 6300. The strategy will fail if the lower trendline is broken and keep the SL at 6100. The target is 7150, presenting a 3:1 RR opportunity for this trade.
Gold has corrected well from the recent highs and if it sustains above 54850 levels then take the trade with the following targets T1 - 54997 T2 - 55143 T3 - 55299 with SL - 54690
USOil Symmetrical triangle pattern formation in 15 mins TF
USOil parallel pattern formation in 15 mins time frame based on breakout you can go for short of long
FX:EURUSD (FOR LEARNING PURPOSE ONLY) Clearly we can see expanding volume whenever the price moves up & declining volume on down move But in most recent up move (inside channel),price increasing on declining volume Considering the volume pattern,the resistance zone becomes crucial . If price holds on to the resistance and moves down,if volume...
NSE:HDFCBANK (FOR LEARNING PURPOSE ONLY) Price crossed previous HL to form a correction wave Price Might reach 1015 (next support)
On technical hand, Crude oil has formed a XABCD pattern, which gives strong trend reversal signal. The target would be as follows (shown by green dotted lines): T1: 55.29 T2: 53.62 T3: 52.93 T4: 51.73 Stop loss (shown by red dotted line): 56.67 On a daily time frame frame as well, crude oil has a pennant formation, which can break at a downside.
NSE:LT Long at 1335.70 with SL at 1329.10 and three potential targets Note: Please Consult Your Financial Advisor Before Taking Any Decision Always risk 1% of account size per trade, adjust the position size accordingly
So where are we heading in the couple of hours, probably seeing more downside, since alot of early levels are already been tested. Aiming for 3200 or lower, at the moment i opened an big short position in bfinex! Short the ponzi :)
Potential short entry on AUD USD, It is moving in Range, and expected to Break Support. Potential Entry on either on breakout or when Price retrech to support and retest support level.
buy nifty around 10405 stopless 10385 target10430 target2 10455 book partial profit after 1st target
one may go long please feel free to comment and follow
15 min chart breakout stop-loss - 8370 Target - 8490+