Commentary: GBPINR 4h time frame. bear flag got reject and brokeout to upside. facing strong resistance zone at 85.1537. following weekly time frame gbpinr formed h&s and still remain in bear trend. Upcoming week thought process: gbpinr is in bear trend and gave a pullback facing 85.1537 strong resistance following another resistance at 86.6605. projecting...
JPYINR 4h time frame. channel toped. wait for a consolidation pattern to form. chances are that it will retrace 50% 61.8% fib level after a huge move. it might happen that if it create bull flag and channel brokeout too. that's why we have two conviction looking 4h rsi is at extremily overbought zone.
BTCUSD 4h time frame. there are three H&S and one of them failed. watching current one if it does hold right shoulder then possibily target 11364 can be achieved and if not holds then downside 8443 for initial low. Just a thought process. btcusd forms as usual right shoulder always smaller then left. so pull may happen small and then zomed up.
Crude oil 4h time frame. formed an H&S. price consolidating at right shoulder forming a bull flag pattern, wait for breakout to downside and put stop above right shoulder targeting 53.92, 51.85. Reason: 1. confluence is that price reached at 50% and 61% fib level from head to right shoulder impulsive extension. 2. confluencce 4h time frame RSI is at extrem...
Technically NCC brokeout support zone. thing to notice RSI is overbought if price pushes to upside but it will be limited and it may create bear rectrangle or some kind of wwedge pattern then finally price dip down to 64 level.
looking for opportunity If support level breaks to down then short target 1384. RSI confirming bull divergence but not so relaible at this time we need more confirmation in the price too like double bottom or any kind of patterns on the lower time frame like 4h and 2h
If support level breaks then shorting opporttunity and first target would be 41.90 going long we need more confirmation like double bottom on RSI or in the price itself.
Manappuram at support zone it can give 50% upside currection before dipping to downside. If support level breaks to downside then shorting opportunity first target would be 100.
Discretion!! I am only 35% of the time right in my analysis and 65% wrong. I still make money but I can't gaurantee yours money management and position sizing is really matters if you don't know how educate yourself. Reasons for shorting: We got a bearish divergence at 4h time frame, daily trend is still remain bearish, weekly time frame price gave a currection...
ETHUSD formed inverse H&S short term target 243, 265.
BTCUSD formed inverse H&S 4h, short term target 11129, 11788.
EURUSD 4hr time frame bullish. found leaner support following ABC also bull pennant intact. if it doesn't break up than it will more bearish till 1.11400.
GBPUSD 4hr time frame bullish. these two line's extension are at same level 1.26583. trend will be more likely zigzag than impulse. similar pattern formed on EURUSD also.
USDINR 4hr time frame, upcoming week usdinr may seen bullish. On the daily time frame we can clearly see a bullish engulfing candle closed. on the four hour time frame there can be create a inverse H&S if price gives pullback from 68.79 to 68.44. 4hr time frame rsi is diverging as bullish. daily time frame rsi is oversold and made double bottom. weekly time rsi...
BTCUSDT took support at previews H&S's neckline. price touched long time trend holder. extend price target at 13112, 13693.
USDINR broke out all time support level 68.32 and enters into bearish teritoy and remain bearish from Jun 17/2019 high 69.95. current price is 68.23 following this trend we can expect futher down to 67.86 and 67.50 in a short period. Today's Gaped down usdinr and other 3 pairs eurinr, jpyinr, gbpinr gaped up. following J. powell cuts fed rate again and other...
EURINR formed H&S on the weekly time frame similar to GBPINR if this patterns gets activated then we will see next five month bearish for EURINR. cpm-77.0186 to 68.88630.
GBPINR formed H&S on the weekly time frame. Also pattern got activated, interesting to see if this H&S really plays out. cpm-85.8103 to 77.2491 it will take atleast five months to travel this price on target.