Ripple/Bitcoin Failing Wedge PossibleRipple/Bitcoin Failing Wedge Possible.... XRP/Btc
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USD (US Dollar)
USD INR - Shorting opportunityThis is my first post on USD INR - So going with a smaller timeframe.
CMP - 72.68 (Date 15.03.2021)
Pattern Formation - Falling Channel (Channel Width - 1 Rs)
Days left - 5 working days ( Analysis for 1 week)
Levels expected as per channel angle - 72.80 to 71.60 (Mar 15th to Mar 19th)
Since CMP is very close to the Upper limit and there is a possibility of a 1.1 Rs fall from CMP, sell at CMP for 1 Rs gain with 20p SL (Though median line would act as strong support, I expect the breakdown to happen)
RRR is 1:5 which is too good for anyone to test it.
USD INR - First public post This is my first post on USD INR - So going with a smaller timeframe.
CMP - 72.68 (Date 15.03.2021)
Pattern Formation - Falling Channel (Channel Width - 1 Rs)
Days left - 5 working days ( Analysis for 1 week)
Levels expected as per channel angle - 72.80 to 71.60 (Mar 15th to Mar 19th)
Since CMP is very close to the Upper limit and there is a possibility of a 1.1 Rs fall from CMP, sell at CMP for 1 Rs gain with 20p SL (Though median line would act as strong support, I expect the breakdown to happen)
RRR is 1:5 which is too good for anyone to test it.
GBPUSD, could be the End of March Consolidation, Mar 15-19Pound vs Dollar pair have been sideways after a long bearish at Feb end..1.39750 area to be look out for this week, reaction of price action at this price mark could define the week's move,
if there is no news impact, this could be a bullish week for GBPUSD
Analysis only for education purpose
💡Don't miss the great sell opportunity in EURUSDTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.19590).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
Take Profits:
TP1= @ 1.18900
TP2= @ 1.18370
TP3= @ 1.17440
TP4= @ 1.16100
TP5= @ 1.14230
SL: Break Above R2
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💡Don't miss the great buy opportunity in Gold (XAUUSD)Trading suggestion:
. There is a possibility of temporary retracement to the suggested support line (1680.40).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CROUSDT is in an uptrend, and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 1770.00
TP2= @ 1829.00
TP3= @ 1923.00
TP4= @ 2000.00
TP5= @ 2074.00
SL= Break below S2
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EURUSD WEEKLY LEVELSMagic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 15 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT.
There are 10 different pattern for getting entry in market with this line if anyone interested please command below ...
XAUUSD, looks to touch the support at 1655 zoneGold against dollar , pair trending lower for several week from year started, now its almost ready to touch the support at 1655 price zone, we have to wait to witness a bounce back..but Dominating USD affects the Gold moves..
Analysis only for education purposes
It's a great buy opportunity in USDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3335). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDSGD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 1.3470
TP2= @ 1.3525
TP3= @ 1.3555
TP4= @ 1.3615
TP5= @ 1.3705
SL= Break below S2
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ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.25930).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Take Profits:
TP1= @ 1.26760
TP2= @ 1.26990
TP3= @ 1.27480
TP4= @ 1.28640
TP5= @ 1.29240
SL= Break below S2
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ForecastCity English Support Team ❤️
USDINR#elliottwave #supportandresistance #usdinr #USDINR
based on Elliott wave theory and support and resistance
so here according Elliott wave theory it is making 3rd wave of higher degree.
WHAT IS HAPPENING IN RED CHANNEL ?
IN RED CHANNEL IT IS FORMING 3RD WAVE WHICH CONTAINS LESSER DEGREE WHICH IS MADE UP OF 5 IMPULSIVE WAVES so NEXT IS 5TH WAVE AND IN 5TH WAVE IT WILL FALL NOW.
SHORT IT AT 73.532
TARGET - 72.342
It's a great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2590). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 1.2730
TP2= @ 1.2775
TP3= @ 1.2880
TP4= @ 1.2992
TP5= @ 1.3173
SL= Break below S2
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💡 Don't miss the great sell opportunity in GBPUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.4128). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 1.3982
TP2= @ 1.3870
TP3= @ 1.3785
TP4= @ 1.3640
TP5= @ 1.3454
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (7.00000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 7.26750
TP2= @ 7.50000
TP3= @ 7.77550
TP4= @ 8.04150
TP5= @ 8.57500
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
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💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️