So, this is EURUSD short position analysis, I use this analysis tools are flag pattern using a support and resistant line .marking a Demand zone in 50To60 pip to in target.
flag pattern going to impulse wave and it makes correction wave for a fibonacci 50% touched and i take a shot position of almost 1:4 setup RR.
so far watch the market how market react our prediction.
Just to showcase how these two TradingView indicators, help in identifying the trend, right when it's changing.
See how these indicators work across various TF.
Indicators used:
1.ORB TinyBeast
2.ORB Impulse Hunter
VIEW:
USDINR appears to be poised for an up move as per Elliot Wave Analysis.
STRUCTURE:
Impulse(1-2-3-4-5)+Correction Sequence
Trading Plan:
Entry -- as nearer as possible to invalidation point with proper risk management according to one's risk appetite.
Exit -- at or near or in the target zone as shown in the chart.
Stop Loss -- Invalidation point
Good...
Display of Power of Impulse on Lower Time Frame.
Consolidation at arounf 950 levels. Then an Impulse on M30 and M15 Timeframes
and Boom! Locked at Upper Circuit 20%
200 was the key level identified. Hope you all enjoyed the wave. Above channel it becomes more bullish or take care if channel halts or stops the move.
Last Idea on ITC
Recap from Last Idea-
Bottoms picked in 2400-2425 (Support Zone) suggested @ 09:46 Hrs / 25th Jan2021- continue...
Structure unfolding as expanding structure with key level- 2530 (suggested in last idea) & critical level-2408
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Trading Strategy
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Plan A -
Buy Above 2735 for 2850 & strictly...
hello guys :)
came back with a new Idea and I think so that many of you have doubts about this stock like when and where to enter?hold or exit? etc...
I also posted previously Idea that you can enter in this stock;that time it was 800 to 850 levels...
I also bought this first @830 and after that I also bought @726 as I founded it bullish according to my...
As explained in previous chart we were able to pin point Banknifty's down move.
Downward wave four 4 was double zig zag correction which completed near 24404.
We are witnessing now final Wave 5 impulse of leading diagonal and currently in wave iii which should extend 2.618=24785 to 25000.
There will be sideways correction next may be till 23500-23300.
Final...
TATA COFFEE : The stock is travelling in a impulsive channel & currently the wave 3 is unfolding. As per the internal structure we can clearly see that, the wave 3 is being extended & look like it has completed its 4th of third wave. So we can expect an upside move in the stock to complete its 3rd wave. One should look buying opportunity if the prices sustain...
As per short term view, GOLD is in the last phase of corrective wave-y, which is unfolding as an impulse. Currently the price structure suggests that there is a formation of a triangle & this triangle is being formed as a wave-4. This wave-4 triangle formation often takes place as a preparation of terminal trust and after that the 5th wave of the impulse get...
Stock post touching 650 broken Consolidation started going south till 152.
From 152 it made retracement fib levels 0.5 completing first 5 wave impulse
Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse.
Long all dips towards 270
Short term...
A strong impulse Elliott wave pattern can be identified. You could go short since a pullback can be seen. It is in a bullish zone but as we know pullbacks are necessary. If you want to hold for a long then may buy on dips from this pullback.
A strong impulse wave can be identified according to me. A short position for a couple of days might be good. Also the trend is bullish so a pullback is likely to happen
Cipla has an impending short long looming over it. It has had a good strong upside run in the past month
Seeing a PRZ at 726.55 as per harmonics. Do have a look at the price action around these levels to see weakness. SL around 732/733 levels. So, I would take a minimum 1:1 R:R or better (per your appetite)
If doesn't show weakness there, next levels to see are...
1. wave count spotted
2. wave 4 (3 wave correction) finished with a bullish divergence (23.6% of the extended wave 3)
3. high probable impulse wave 5
4. once it breaks out of the channel - confirmed
Weekly chart:
