EURUSD prepares for the sixth consecutive weekly fall as ECB and Federal Reserve bosses prepare for the annual showdown at the Jackson Hole Symposium. That said, the Euro pair remains pressured within a one-month-old descending trend channel amid downbeat RSI and MACD conditions, which in turn suggest less downside room and highlights the stated channel’s bottom...
Trade Idea: BUY 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 3 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Short USD / INR with stoploss of 82.75 Next 3-4 month bearish
From 11th July 2022 USDPKR moved from 203 to 240 ....Pakistan economy ...big problem in coming days
Very long time the doller index is below the 100 level this is psychological level of the market, if dollor is sustain below this is the good news for the India imerging market. This is the signal of bullish. 😍😍😍
Hello Friends Here we had shared possible Elliott wave counts on chart of USDINR, which is clearly showing that on bigger scale we are in 5th wave of some higher degree, in which we had finished wave (1)-(2)-(3) and currently we are in either in wave (4) or in wave 2 of wave (5). Also both scenarios are discussed in this video post, you can go through this video...
First time in many weeks, banknifty underperformed nifty50. Ideally this move should have come last week when nifty50 had 2 more resistances to break and banknifty was near ATH. Better late than never. Nifty50 shooting pass banknifty is actually good for the entire stock markets in India. Only when all the components have caught up - a bullish trend is...
support now for USDINR @ 82.35-82.20 zone while resistance is now at 83.025-83.075 which if breaks, a sharp upmove could take place
SELL - wait for price conformation Long tram bearish move in down side ENTRY - wait for market move down side then retracement. After retracement wait for price and other conformation.
EURUSD prins mild gains within a one-month-old bullish channel even as RSI eases from the overbought conditions. That said, the impending bear cross on the MACD joins the major currency pair’s inability to stay beyond 1.1000 to lure sellers. However, a clear downside break of the stated channel’s bottom line, close to 1.0900 at the latest, becomes necessary for...
There is a very high probability that the wave B of correction is completing and we my see the start of wave C which can go below wave A low
Formation of ........ Chart Pattern. Choose the appropriate one? 1. Inverted Head and Shoulder 2. Head and Shoulder 3. Head and Shoulder Top 4. Bullish Head and Shoulder
Hello trading friends, HOPE My posts are helping you to understand the logic. #USDJPY sell at 136.15 SL 136.34 Target 135.8 . #FOREX #Currencypair NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading
Might happen because we are continuously creating new lower lows
Best resistance level is 9.55 per trendlines. Targets. 9.4 / 9.36. Trend line at 9.2 give best support for buyers. Disclaimer: I just share my view. Please trade with your own analysis.
DXY breakout from resistance. Next target 108. Emerging Markets and Euro Zone/ Japan currency will be in trouble. USDINR may also break 83 levels soon. Once USDINR breaks 83.15 levels, 84 will very soon.
#USDINR #CURRENCY #BEARISH #SHORT INR looks strong for swing trade or for short term