Forextrading
EURCHF: Is it the starting of Stormy 3rd wave ?In this video detailed explanation of applying elliott wave principle has been discussed taking an example of current price structure of a currency pair EURO-SWISS. i.e. EURCHF .
One should go long in the region of 1.07000 - 1.70400 keeping a SL of 1.06618 for the target zone of above the wave 1 highs that is above 1.08710
Rounding Pattern Breakout In Dow JonesThe US benchmark index has given a rounding pattern breakout on hourly chart.
Though the breakout was given just an hour before market close on 4th Dec 2020, but today's gap up has continued the upside.
As per the bullish breakout of the pattern, dow jones can touch app 30850 - 31000.
And as per the current chart scenario one can buy with a stop loss below 30100.
Current price 30,225.
Cup & Handle Formation in Dow Jones HourlyThe US index Dow Jones has formed a Cup & Handle pattern on hourly charts.
Breakout is awaited.
A valid upside breakout will lead to further upside but previous swing high may act as a supply zone.
USDJPY Short Term Trade SetupThe daily is turning down against the March highs at 111.68. The 4 & 1 hour are turning up against 103.14 to correct the cycle from the May highs. While above 103.12 the pair can see strength toward 107.00 before a turn back lower.
Sell @103.85-104
TP: 103.25
SL: 104.20
Good luck !