EUR INR 30-MAy-2017EUR INR open 74.78, spot 71.93, go higher up to 72.78(23.6 fibo level), and lower 71.78( 38.2 fibo level ), expected to go lower 71.82, currently in down trend, but there is strong bullish flag
EURINR trade ideas
EUR INR view 22-may-2017EURINR , market open at 72.17, spot 72.18, at this point their is possibility for bulls and bears both, if market breaks 72.15, then expected to down up to 71.92-93, and if not broke 72.18-20, will go higher up to 72.50-52
EUR INR 19-5-2017EUR INR, market open at 71.91, forming series of lower high, and forming a bullish triangle expected to go higher up to 72.20 and if breaks 71.87, may be down up to 71.60
EUR / INR - CYPHER PATTERN COMPLETION - HIGH PROBABILITY TRADENow CYPHER PATTERN is also completed in EUR / INR pair,
So its the right time time to SELL with SL 73.9934 for TARGET 70.8069 &69.7134
EXPECTING A BEARISH BAT PATTERN COMPLETION in EURO / INR EURO / INR heating towards a BAT PATTERN in DAILY Chart,and in addition with ABCD completion at 72.6969 on the confluence of 0.886 FIB retracement at the same area.
So SELL @ 72.6969 with SL of 74.0559 for TARGET 1 70.9388 and TARGET 2 69.8229
eur inr 16-5-2017 view EUR INR, from last on month market is on higher side today market open at 70.31, still market in on higher side, it's expected market will test 70.48-52, in coming next 3 hours and next resistance 70.62, and support for the day is 70.31, i'm not expecting on down side today
EUR INR 08-05-2017EUR INR currently market traded at 70.44, friday market
close at 70.73, today market open higher at 70.86 and from
it's on down side, no trade zone between 70.45-36, support
for the day is 70.32, resistance 70.63, 70.68, 70.95, after
testing 70.36-38, go back to 70.54-55---AVRJ---INFI FOREX
EUR INR view of 4-05-2017EUR INR overall market is in up side from last almost 1 month,
and from last 4-5 sessions market moving near about 70,
today expect market may down 69.80-75. and if market
break 70.05 expected to go higher 70.10, range for the day
is 69.75-70.10-12, higher probability on lower side for the
day, in long term it's on higher side--------avrj----infi forex
Trendshikari PTS V1.0 - EURINR - ShortShort @ CMP
Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script (). This system works on Daily bars and so entries or exits are at the next market open after getting signal. Key performance metrics generated from TV Backtester are published below (2007 to 2017).
Enter with 1/10th of your trading capital. Be ready to add 2 more positions equivalent to 1/10 of your trading capital when I signal so. Exit all, when I signal so in this tip page. Please post your thoughts, concerns on the system if you have any.
Inverted Cup & Handle pattern on weekly chart Inverted Cup & Handle pattern on weekly chart , below 70.33 , EURINR may slid3 to 69.06 , 68.7
EURINR Elliottwave: Looking for break of monthly trendlineTalking Points:
Technical Strategy: Bearish
Elliottwave Count: Either wave (C) continuation or B wave of (B).
HTG Note:
Larger outlook on weekly chart is showing weakness on long and short term. EURO vs Indian Rupee price is testing weekly trend line. Last time this line was tested on September, 2015 and post that we seen nice pullback towards 77.80 levels. We in HTG consider that was correction and marking as a wave (B). From 77.80, we were seen bear continuation and currently price is testing same weekly trenline. Break of this weekly trendline will be very bearish outlook for Euro. On alternate, if price is start trading higher, we are expecting to see price can go and above 82 levels before it's turn bearish again.
Lower time frame, we are seen reaction near trend line support, however current price is trading in just correction and testing horizontal resistance on 70.15. We are expecting this zigzag correction should be over. To confirm, bear trend is back in force, we need to have channel breakout here @ 70 area. Post this breakout, we are able to mark correction over and can trade for lower target below 68
Action
We initiated short position @ 1.77 with limited stoploss
EURINR BEST SELL SETUP
* Broken Neckline Now Came for Retest
* Price Decelerate from EXP level IE Neckline Retest , FIB 61.8 , PS Zone
* Best Sell Setup
Educational 07: Flag and Pennant PatternsThese 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 are 3 important things to note:
1. The Initial Impulse (Flag Pole)
2. The retracement (Actual Flag or Pennant)
3. The Measured Move (an equal reaction swing to the pole)
These factors conclude to the formation of Flag and pennant patterns. They are easy to identify and provide high potential returns.
Comment below your questions regarding the same to improve your and other traders understanding of the patterns by providing examples and any explanations if required.
Thanks for the support,
With Regards,
Educational 04: How To Trade Channel Breakouts?This is the fourth education series on Channel (link of Educational 01, Educational 02, Educational 03 given below),
In this educational post, I cover up points that provide opportunity to trade breakouts in channels and also managing risk while trading it.
Steps To Follow:
Step 1: Confirm breakout with volume
Step 2: Wait for retracement back to trendline and formation of V shape
Step 3: Take action at pullback with additional indicators to manage risk
Step 4: Increase position sizing once it may go in your way.
I shall be sharing the examples of it below
Purpose: To educate retail traders like us in order to build confidence in their trading and make inform decisions and become consistent profitable trader in long run.
I WOULD APPRECIATE IF YOU COULD SHARE YOUR CHANNEL DRAWINGS IN COMMENT BELOW SO THAT I WOULD BE SURE THAT YOU FOLLOW WHAT IS BEEN POSTED AND WILL SET ME UP TO PROVIDE GREATER DETAILS IN NEXT ONE
Thanks for your support,
Best Regards,
Neetesh
Educational 03: How To Trade Channels (Part I: Uptrend)This is the third education series on Channel (link of Educational 01 and Educational 02 given below),
In this educational post, I cover up points that provide trades opportunity in a trending channel.
Steps To Follow:
Step 1: Connect Two Higher High Points to Draw a Trendline
Step 2: Connect Higher Lows points, take a buy call
Step 3: Buy at pullback with additional indicators
Step 4: Sell at 3rd touch point of Higher High with additional indicators Confirmation
I shall be sharing the examples on part 1 in next series.
What's Next: Live Examples of Uptrend Trade Channel
Purpose: To educate retail traders like us in order to build confidence in their trading and make inform decisions and become profitable trader in long run.
I WOULD APPRECIATE IF YOU COULD SHARE YOUR CHANNEL DRAWINGS IN COMMENT BELOW SO THAT I WOULD BE SURE THAT YOU FOLLOW WHAT IS BEEN POSTED AND WILL SET ME UP TO PROVIDE GREATER DETAILS IN NEXT ONE
Thanks for your support,
Best Regards,
Neetesh
Educational 02: How To Draw Channels?This is the second education series on Channel (link of Education 01 given below),
In this educational post, I cover up points that validate a Channel and benefits of drawing a right channel.
Validation points are as follows:
Point 1: Two Parallel lines
Point 2: Higher High and Higher Lows in Uptrend and Vice-versa.
Point 3: Two compulsory touch points in order to draw correction trendline.
Three Touches are ideal also called "Three Touch Rule" (Will discuss further in next educational series)
What's Next:
1. How to identify trend with channels?
2. What is the right way to draw channels?
3. How to use Channels to find trades? ------------------------> NEXT
4. How to validate channel trades and manage risk?
5. Multi-time frame examples
Purpose: To educate retail traders like us, to make inform decisions and to become profitable in long run.
I WOULD APPRECIATE IF YOU COULD SHARE YOUR CHANNEL DRAWINGS IN COMMENT BELOW SO THAT I WOULD BE SURE THAT YOU FOLLOW WHAT IS BEEN POSTED AND WILL SET ME UP TO PROVIDE GREATER DETAILS IN NEXT ONE"
Thanks for your support,
Best Regards,
Neetesh
Educational 01: How to Identify TREND with CHANNELSThis is my first educational posting series on "Channels".
In this educational series, I would cover five important points while dealing with channels, as given below:
1. How to identify trend with channels?
2. What is the right way to draw channels?
3. How to use Channels to find trades?
4. How to validate channel trades and manage risk?
5. Multi-time frame examples
Purpose: To educate retail traders like us to make inform decisions and to become profitable in long run.
Thanks for your support,
Regards
