EURUSD has formed nice M pattern for next 1H/4H mark down cycle after 1H mark up cycle DXY will be going in daily mark up phase (which is just inverse of EURUSD chart) therefore chances of a Mark down cycle on EURUSD is very very likely
USDINR mark up phase 1h TF cycles we have formed a nice W pattern after a mark down cycle + divergence on daily TF + green vectors at the lows
Available at daily demand zone, May see 3000+ in coming days. Apar has vet long way to go, Check out chart for more details.
Cmp- 429.90 Sl should be below 419 Good RR. Currently available at distal line of Demand zone, below that again demand zone is their and distal line is 420
Follow levels , and trade with proper logic, SL is traders best freiend, don't forget to put Stoploss.
Markets participants are keeping their cards open. All Market participants are kind of net neutral position before the event. We might still be kind of range bound as participants are playing a wait and watch kind of game... Not worth playing for a range bound market....At the same time, Currently we are near 76.4% retracement level so not comfortable going...
Dow Jones fell more than 150 points on Friday after weak consumer sentiments added concerns about the health of the US economy. Week ahead The spotlight will be on speeches by several Fed officials and retail trade data, followed by industrial production and several housing indicators. It will be interesting to watch, how markets will perceive the clean sweep...
Banknifty is yet bullish, trade accordingly, till we get a reversal confirmation Levels Above - 43829-905, 44079-44151, 44521, 44696, 44945 Levels Below - 43829-352, 42822-916, 42582-668, 42334-269, 41962-990
Nifty seems to be bullish yet following are the zones and levels to trade with good R:R Zones Above - 18387-389, 18473-457, 18520-529, 18612, 18669-692 Zones Below - 18180-195, 18104-124, 18042-071, 17957, 17836-851
This is how the daily range form as per ICT with combination of time and price theory
1) Strong Weekly close - Triangle pattern breakout. 2) Next target would be it's All Time High.
A good upside move is possible from here. Risk and reward well managed.
1. Fresh Breakout 2. Trend- Bullish in all time frame 3. 6 months consolidation before fresh breakout
High Probability -> Dangerous -> Diamond Reversal Pattern formed In addition. Double Top near 445-455 range Initial support has been hit 3 times....next time it hits after making lower highs, it would be very difficult for the support to hold the price. Time to be extra extra cautious in the stock.... Stay Safe Stay Healthy !
Price making bearish divergence with the momentum indicator last 3-4 days price action suggesting price hitting the wall. We will see if History rhymes this time also. Don't know if Manappuram case will have a spillover effect here also. Happy Trading !