BANK
Indusind Bank 75 Min Analysis , TRIANGLE PATTERN Triangle Pattern Formed .
1) Strong RSI Divergence .
2) Price Reacted From Demand Zone .
3) Entering In Supply Zone .
* Trade Set Up for long . Looking For Bullish Candle Strick Pattern Near Triangle Breakout .(Long Above It )
Preferable Above 428.
* Trade Set Up For Short . Look For Bearish Candle Pattern Near Supply Zone . And Below It Short . With Sl 428 .
Short Trade In this Pattern Not Looking Good Until Last Low Break .
IF SETUP COMPLETE And Market Support Our Direction then Go Long . With Your Bullish Set Up candle Low As A Stop Loss . First Target Will Be 468-475.
Axis Bank Tomorrow 3 April will go down03 April 2020 Trade - Short Axis Bank near 354-362 add 1 more if gets near 368-372 Sl above 380 tgts minimum ist tgt- 339 2nd tgt 323 and final tgt if comes near 302. Trial your sl if once comes to ist tgt. I am not responsible for ur profits or losses. Do proper money management before entering into trade.
BAC - We are repeating the 2008 dropHello everyone, as we can see we are heading for the same % drop as in 2007, so expect till March - May 2021 the price to be around 5$ - 2.5$ . We do have support at 10$, but giving the fact how the 2007 crysis turned out for BAC with more than 90% drop, right now we are seeing record big drops, I see -90% from all time high price again. Right now we will see temporary retracement to the upside, but it will be fore 1-2 months, then we will drop again. Good luck to everyone, see you next year :D
EURGBP Bulls May Show Their Horns.EURGBP Sees a correction move after an extreme move to the downside breaking the 0.84 handle.
From a psychological standpoint sterling has been gathering momentum after much awaited brexit gains.
A potential upside move awaits EURGBP as a correction should be due for momentary bullish momentum .
Institutional sellers aim to find a better price in joining the overall downside momentum along with an all too perfect upside move on Sterling ( GBPUSD )
Certain scenarios pose a risk of whipsaws from selling pressure as shown by the arrow, a proposable question is how many sellers do we really have left ?
gbp usd longgbp usd has broken and retested the demand zone, banks/institutions have longed this from previous daily demand (green) and have no takene profit which is coincidentally consolidating around minor demand zone.
These sequences happen over and over and over again. Typical rally base rally move. Expect big bullish candles to occur.
Buy GJ!! 100 Pipsclearing have broken and trading above quarter points and have a deep C retrecemnt which will lead us to a shorter D retracement at -.27 which coincides with a MAJOR QP. trendiness have been broken on lower time frames to confirm. Bullish engulfing with minimal draw back would be even more confirmation.