These are continuation trend pattern that are found frequently in the markets. I wanted to cover it and share it with you as I found some good charts during my research that are forming such patterns. One of them is Aban offshore, chart link attested below. (I have also provided some examples given in comments box below for your references and goodself.)
There...
EURINR is on short term recovery path after giving breakout from Head & Shoulder pattern. Falling trend line suggests upside is capped at 78.90-79 region. 5 DEMA is still below 13 DEMA .Today's close above 78.20-78.25 may turn it upward. As long as 80.40 (38.2% retracement of entire fall) holds on daily closing basis, we can expect pair to pursue H&S target of 72....
FX_IDC:EURINR
We mainey follow the price action on Daily Heikin Aishi chart with support signal from MACD histogram and Stoch. As per this chart, we have to trade only on the short side. We enter trade on the 1 hour candle, so after the first 1 hour candle is made then we enter trade if the market is still in red. Keep stop loss at previous candle high. Decide...
EURO looks double top here and reached previous ATH against INR
Bearish divergence in daily/weekly charts.
5 wave impulsive moves is completed here for EUR.
We will see correction to the red line at 76-77 INR.
Time line 3-4 months .
LEVELS MENTIONED IN THE CHART.
Disclaimer:
It is very important to do your own analysis before making any investment based on the chart mentioned here.
Trade wisely!
EURINR is close to its multi month support level and is a good buy with a better risk to reward ratio.
Buy EURINR ONLY AROUND 77.83 (CMP: 78.135) with Stop-loss of 76.94 and Target 1 at 79.30 and Target 2 at 81.20
Please Note!!! Trade the script only after consultation by your financial consultant. We are not SEBI Registered and hold no liability for the scripts...
EURINR trading above Ichimoku Kumo and has just entered the cloud in Monthly charts. Trade BUY EURINR only at 79.15 with Stop-loss of 77.45 and Target1 @ 82, Target 2 @ 85 and Target 3 @ 92.
This analysis is on special request (Education preferably) and any trading done on this analysis should be taken after consulting your financial advisor.
EUR INR Spot at 79.99, after testing the high 80.35, It’s highly expected market would be corrected till 79.33-30 (65%), and 78.54 (35%), as it’s break 79.84, in coming sessions, traders can go for short and also take premium advantage for coming sessions. Exporters are advise to hedge at least 60-70% at 79.80 to 80.04, and Importers are free to hedge till...
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