Hi dear friends, I am posting my own view on nifty/s next moves. Nifty formed a bearish wolfie wave chart pattern in the monthly chart. So It is expected that nifty may touch 7000 levels in the coming days. As wolfie wave is a powerful chart pattern and its reliability is more. So please watch the moves of nifty.
This is only for educational...
GBPAUD has formed a rising channel pattern on a daily basis with the current prices trading at the bottom of the channel, creating a buying opportunity. The expected target for the trade is at 1.8200 which is the mean of the channel and the SL for the trade is at 1.78232.
UPL is in a deeper bear flag continuation pattern. The stock is approaching a key zone between 556 - 565. This will be the 3rd touch of the bear flag indicating pattern completion. If there are strong rejections at this area the stock can reserve and continue its move to the downside potentially till the 500 levels.
Sell Zone - 556 - 565
Traders should enter...
The bullion metal is in a rising ascending channel formation against the US dollar, in the short-term charts.
As of now, it is at its supportive trendline, which we expect to hold.
Hence traders can hop in and expect a rally up to the resistive trendline.
The bullion metal is an ascending channel formation in the 4-hour chart.
It faced rejection at the resistive trendline and formed three back to back bearish candles.
Hence we expect the counter to remain bearish and the pair to recede to the supportive trendline.
The EUR/USD pair after a good move is now consolidating in an ascending triangle pattern.
Hence we expect the pair to continue its bullish momentum.
Fresh long positions can be initiated when the pair makes a bullish crossover above the resistance.
The AUD/NZD pair is currently in an ascending channel formation.
It is currently taking support at its supportive trend line.
Hence we expect the pair to bounce back strongly from this zone. Conservative traders can go long once it breaches the resistance line.
THIS HOURLY CHART PANEL SHOWS CRUCIAL POINTS
THIS MEANS THAT THE INDEX HAS ACTUALLY TRADING IN A
RANGE WHICH IS VISIBLE IN STOCKS LIKE:-
IF YOU WATCH INDIVIDUAL CHARTS MKT MOVES FROM BOTTOM TO TOP AND SO FOURTH BUT CREATING GRADUALLY(HIGHER HIGH AND HIGHER LOWS)
TRENDLINE BREAK WILL TEST 3190-50
UPSIDE THERE IS CHANCE OF TEST 3350
The 4-hour chart of EUR/GBP is in an ascending channel formation.
The centre median of the channel is acting as a good support.
As per our analysis we expect it to bounce back from the support to top of the channel.
VIP Ind is trading in upper channel on one hr time frame. which repating a cycle of high to low , and low high as shown in chart.
Intra Day trade setup for 19 Jun 2018
view: bullish for intraday
Time Frame : one hr candle stick chart
trend : bullish
pattern : upchannel
indicator: MACD(5,13,9), Stock(5,3), RSI(14)
Buy above one hr bullish candle from...