BTC is on the verge of making a historic run breaking the 2000 USD psychological barrier with an expected high in the 2200 USD region before a consolidation back to the 1600 USD region. There is expected to be a huge influx of 'New Money' coming into the Crypto Sphere.
There is a clear positive divergence on the charts on both RSI and MACD and the psychological set up on USDINR too supports a corrective rebound . Swing Break confirmation needed which should come around 64.40/-
Aggressive buy at 64.70 or wait for the breakout to happen at 64.80. keep stop loss at 64.60 and trail it. Target 1 : 65.07
Elliott wave chart of us $ inr (weekly chart) the big picture we are within the wave 3
Look for Support / Break out @ pitchfork trend channel
for educational purpose only - sell on rise is the strategy for usdinr . sell near 66.30 - 66.4 with sl 66.75 for the tgt of 63.75 - 64
for educational purpose usdinr is showing symptoms of double top where 66.6-66.21 is the support where a little bounce may happen but this support may be broken then 63.65-63.32 will be next support. Or a big downtrend may be seen.
Balance B/O , SL 66.20 (if it enters upper balance), target 1 isPOC of lower balance which is around 65.25 and target 2 is lower bracket of balance around 64.3
Next level of participation for fresh shorts in Aussie
for educational purpose - buy sl 66.6 tgt 67.2
Euro is about to give one last short move and then big UP move in coming days - Watchout - Some serious pips to be made
USD/JPY the most favorite trade now a days globally accumulating targets 107.50. Technical : This pair is little influence with technical but support and resistance matters in this pair in terms of technical .apart from it we are looking for channel as I have nicely mapped over daily but for short term trader I have marked it with 4 hr chart with recent channel...
A bearish cypher seems to be emerging on the FX_IDC:USDMXN 4 hour chart. A limit Sell order can be placed at 21.7887 Target: 21.4403 Stop: 22.0654 A 1:1.26 Risk Reward Ratio
The FX_IDC:NZDUSD chart has formed 2 bullish cypher patterns on the hourly chart. The first purple bullish cypher has been completed where the D leg of the pattern was at a horizontal support line and the price action is moving towards the targets for that at 0.7258 post which the price action should reverse and come down to complete the CD leg of the Yellow...
There seems to be a potential bullish Bat Pattern forming on the FX_IDC:USDMXN 15 mins chart. Entry for long: 20.9231 Take Profit: 21.0872 Stop Loss: 20.8402 A good risk reward ratio of 1:2
Watch break out price may reach to 1.28 level
WatchOut for ICICI Bank Potential Breakdown of a long term channel, as it has failed to move up to test upper line for the third time, A break below can take it all the way down towards 200. Axis banks results were also not very supportive. Shorts Can be taken with an SL above recent highs and for the Targets of 225, 205
OANDA:USDINR CMP - 68.087 Here, I have drawn the important lines. Now trade their support, break and retest. 50 DMA will assist you. Have a specific strategy of position sizing and stop loss which suits your trading plan . Personal suggestion - After entering on a signal candle, exit the trade when 2 more candles are formed, the close of it, that is, 2...