Technical Analysis
Thanks to EURUSD for Hitting the Target
1st Chart is of 7th April 2017, When I told to buy the EURUSD Pair at around 1.058 levels
Current Chart of EURUSD – Made a high of 1.1260 🙂 Target Achieved 🙂
Will keep giving you best of the Trades 🙂
On Hourly Chart – Price has started making lower Highs & Lower Lows indicating the downtrend. “Head & Shoulder Pattern” clearly visible. Price has already broken the neckline. There is a Hidden Negative diversion also formed.My View is “Bearish” expecting the price to retrace to 71.75-71.60 levels if breaks the immediate support zone of 72-72.10. Below is the chart for the reference.
Update for Currency Traders
Short Term View
On Daily chart – Price has made a lower low and lower high indicating “downtrend”.There is “bearish flag pattern” formed inside the channel. There is a “hidden negative divergence” also formed.So my view is “Bearish” expecting the price to retrace to 0.725 – 0.715 range. Below is the Daily chart for the reference.
Long Term View
On Weekly chart – Price has made an “Inverse Head & Shoulder Pattern” and after breaking the neckline upwards, It is coming down to retest the neckline again. So my view is “Bullish”.
Buy on Dips around 0.725-0.715 range for a Target of 0.82-0.85 levels.Below is the weekly chart for the reference.
As posted in the morning, Bharti Infratel Chart has made rising wedge pattern + negative diversion on daily charts.
Thanks to market volatility my 1st Target achieved today itself. Hoping for more downside in coming days.
Ultratech Cement Target almost Achieved 🙂
“Negative Diversion worked beautifully here “
“Sell below 4330 for Target 4130-3900” Today Made a low of 4150 🙂 Cheers
Chart Posted earlier
Current Chart
Thank you Century Textile. Target Achieved 1090.
Current chart of Century Textile
Previous Hourly chart
Bharti Infratel has made a Rising Wedge Pattern and there is RSI (14) Negative Diversion also. Keep an eye 🙂
Short term Target looks 370-360 levels if breaks the wedge
ICICI Bank on Daily charts has made a Perfect Cypher Pattern. It’s a bullish Pattern but last leg CD bearish has started.
Expecting a Short term correction upto 285-280 Levels.
Ultratech Cement Has made a Shooting Star Candlestick Pattern at the Top of Weekly charts and RSI (14) also showing negative diversion.
On Daily Charts of Ultratech Cement, Rising wedge was broken and there is also an RSI (14) Negative diversion.
Now, Looking at the patterns made ON Weekly & Daily Chart I’m Expecting a short-term correction to the levels of 4100-3900 range.
As I said already “Perfect Patterns gives u easy money”
Head & Shoulder Pattern Formation in Century Textile.
If neckline break then Price can retrace back to 1080 levels.
60 Min chart