Nifty 4 H Analysis High 17811.50
1:1 Target 17463.00
Pattern
Bearish Engulfing
Timeframe
4H
Bearish signs.
4hour
Head & Shoulders Bottom in JPYINR 4HJPYINR currency spot pair has formed a head and shoulders bottom on the 4H time frame. The price broke out of the resistance line today. It would make sense go long on a retracement back to the trendline for a measured move target of 0.60 on the spot pair.
H&S on JPYINR 4H ChartJPYINR is completing double Head & Shoulders pattern on the 4H chart. Break of this baseline would be highly bearish for the currency pair. Otherwise, if this line is held, we can see strong bullish action as well.
Good time to wait and watch and take a trade when either side seems strong.
USOIL rising wedge pattern formation at 4 hour TF Market story - USOIL formed rising wedge pattern at 4 hour TF and expecting to reach S3 zone in following days
Traingle, BearishResistance at 1735
1) 4H candle rejecting 1735
2) 1D candle rejecting 1735
3) Can move towards 1650 and even 1550 if it breaks the below trend line
