AMITDANGI

AMITDANGI

EUR-USD PAIR IS GIVING MULTIPLE SIGNS OF RETRACEMENTS UPTO 1.1637 (ACCORDING TO DAILY CHART). 1) PAIR HAS FORMED BULLISH FLAG PATTERN ON DAILY CHART, WHICH HAS ACHIEVED IT'S EQUAL MEASURED MOVE TARGET AS PER FLAG PATTERN. 2) AB=CD PATTERN HAS ALSO COMPLETED IT'S JOURNEY UP TO "D" EXTENSION, WHICH SUGGESTS THAT PAIR MAY RETRACE UP TO 1.1637 (SAME MEASURED MOVE OF...

AMITDANGI

EUR-USD CURRENCY PAIR MAY FORM HEAD AND SHOULDERS FORMATION ON H-4 TIME FRAME. HEAD OF CLASSICAL REVERSAL FORMATION HAS FORMED AT PREVIOUS DAILY STRUCTURE RESISTANCE OF 14-JUNE-2018 PRICE LEVEL. EUR-USD DAILY CHART HAS NOT GOT ANY SIGNIFICANT RETRACEMENT SINCE BEGINNING OF JULY-2020 BULLISH SWING. SO, RETRACEMENT OF DAILY CHART MAY TURN INTO HEAD AND SHOULDERS...

AMITDANGI

USD -JPY PAIR IS TRADING IN DOWN TREND. PAIR HAS BROKE DAILY SUPPORTS (SWING LOWS) OF 06-MAY-2020 AND 23-JUNE-2020 AROUND 106 AREA. SO, WE CAN PREDICT THAT USD-JPY MAY CONTINUE IT'S BEARISH TREND UP TO RE-TEST OF MARCH-2020 LOW AROUND 102 TO 101 PRICE LEVEL. CHART HAS FORMED DOUBLE TOP FORMATION ON HOURLY CHART AT SAME PREVIOUS DAILY SUPPORT AREA, WHICH MAY ACT...

AMITDANGI

HEAD AND SHOULDERS FORMATION IS IN PROGRESS IN SBI CARD HOURLY CHART. STOCK FAILED TO GIVE DAILY CLOSE WITH BULLISH MOMENTUM CANDLE ABOVE IR 769 (HIGH OF 18-MARCH-2020), WHICH INDICATES THAT AT PRESENT BULLS ARE NOT INTERESTED ABOVE HIGHS OF FIRST WEEK OF STOCK LISTING. STOCK HAS FORMED PARALLEL NECK LINE AND CURRENTLY TRADING AT RIGHT SHOULDER AREA OF POTENTIAL...

AMITDANGI

EUR-USD MAY FORM HEAD AND SHOULDERS FORMATION ON HOURLY CHART. THE CLASSICAL REVERSAL PATTERN (HEAD AND SHOULDERS) IS NOT LOOKING AS PRETTY AS WE LEARN FROM TEXT BOOK OR IN STUDY MATERIAL, SO THIS IS MORE OF PREDICTION THAN ACTUAL PATTERN FOR CONSERVATIVE TRADERS. WHERE AS FOR AGGRESSIVE TRADERS THIS CAN TURN INTO GREAT SHORTING OPPORTUNITY BECAUSE CHART IS...

AMITDANGI

EUR-CAD CHART MAY FORM HEAD AND SHOULDERS FORMATION ON HOURLY CHART. SELL ENTRY: 1.5525 (CMP) STOP LOSS: 1.5608 TARGET-1: 1.5490 TARGET-2: 1.5390 LOOKING AT SHORTER LEFT SHOULDER AGGRESSIVE TRADERS CAN ENTER SHORT POSITION AT MARKET.

AMITDANGI

AUD-JPY HAS FORMED BEARISH BAT FORMATION ON H-4 CHART AT PREVIOUS DAILY STRUCTURE RESISTANCE. WHICH GIVES US SELL OPPORTUNITY WITH BEST RISK REWARD. SELL ENTRY: 76.28 STOP LOSS: 77.33 TARGET-1: 74.85 TARGET-2: 73.98

AMITDANGI

USD-JPY HAS FORMED BEARISH FLAG PATTERN ON HOURLY CHART, PAIR HAS GAVE BREAK OUT TO THE DOWN SIDE. LOOKING AT THE WEAKNESS IN US DOLLAR, WE CAN PREDICT THAT USD-JPY MAY CONTINUE IT'S BEARISH RUN. SELL ENTRY: 106.75 STOP LOSS: 106.95 TARGET-1: 106.48 (1.27 FIBB EXT. OF BEARISH FLAG POLL) TARGET-2: 106.20 (MEASURED MOVE AS PER FLAG POLL) CONSERVATIVE TRADERS CAN...

AMITDANGI

SINCE LATE MARCH-2020 HEROMOTOCORP STOCK HAS NEVER GAVE ANY SIGNS OF WEAKNESS ON H-4 OR HIGHER TIME FRAME CHART. CURRENTLY STOCK IS TRADING AT PREVIOUS STRUCTURE RESISTANCE, WHERE CHART WAS HELD ON 07-JULY-2020. YESTERDAY, 17-JULY-2020, BULLS TOOK STOCK TO RE-TEST SAME RESISTANCE AREA, WHICH MAY TURN INTO DOUBLE TOP FORMATION IF GETS REJECTION TOWARDS DOWN SIDE....

AMITDANGI

AS WE SAW HEAD AND SHOULDERS FORMATION IS TAKING PLACE IN APPLE CHART AND SAME PATTERN IS FORMING IN AMAZON SIMULTANEOUSLY. HEAD AND SHOULDERS FORMATION IS MULTIPLE LEG REVERSAL FORMATION. AS WA CAN SEE SAME ON APPLE CHART, POTENTIAL FORMATION IS LOCATED AT TOP OF THE STOCK'S LIFETIME HIGH. SO, WE CAN PREDICT THAT IT CAN TURN INTO MAJOR FALL INTO STOCK...

AMITDANGI

APPLE STOCK MAY FORM HEAD AND SHOULDERS ON HOURLY CHART. WHICH SUGGESTS THAT STOCK MAY FALL TOWARDS 353 (MEASURED MOVE AS PER HEAD AND SHOULDERS FORMATION). HEAD AND SHOULDERS FORMATION IS MULTIPLE LEG REVERSAL FORMATION. POTENTIAL FORMATION IS LOCATED AT TOP OF THE STOCK'S LIFETIME HIGH. SO, WE CAN PREDICT THAT IT CAN TURN INTO MAJOR FALL INTO STOCK PRICE.

AMITDANGI

AUD-USD MAY FORM HEAD AND SHOULDERS FORMATION ON HOURLY CHART, AT DAILY STRUCTURE RESISTANCE. SELL ENTRY: 0.7010 (PENDING SELL ENTRY) STOP LOSS: 0.7040 TARGE: 0.6948 AGGRESSIVE TRADERS CAN ENTER SHORT AT MARKET 0.6992 (CURRENT MARKET PRICE).

AMITDANGI

EUR-GBP HAS FORMED BULLISH FLAG PATTERN ON H-4 CHART. IF PAIR MANAGES TO BREAK TO THE UP SIDE WE MAY LOOK TO BUY FOR HIGHER TARGETS. ENTRY: 0.9075 (WAIT FOR BREAK OUT TO THE UP SIDE) STOP LOSS: 0.9036 (ASSUMING THAT PAIR WOULD NOT BREAK CURRENT LOW OF 0.9043) TARGET-1: 0.9105 (RE-TEST OF HIGH OF FLAG POLL) TARGET-2: 0.9220 (MEASURED MOVE AS PER FLAG...

AMITDANGI

USD-JPY HAS BEEN ON BEARISH TREND ON HOURLY CHART. PAIR HAS RECENTLY BROKE 107.25 AREA, WHICH WAS HOLDING PAIR AS SUPPORT THROUGH FIRST WEEK OF JULY-2020. ON 08-JULY-2020 PAIR BROKE THAT IMPORTANT STRUCTURE SUPPORT AND MOVED LOWER. TODAY USD-JPY PAIR IS AGAIN CAME TO THAT IMPORTANT STRUCTURE AND FORMED DOUBLE TOP FORMATION AT SAME LEVEL. WHICH SUGGESTS US THAT...

AMITDANGI

EUR-USD MAY FORM HEAD AND SHOULDERS FORMATION ON HOURLY CHART. SELL ENTRY: 1.1348 STOP LOSS: 1.1375 TARGET-1: 1.1325 (RE-TEST OF NECK LINE) TARGET-2: 1.1275 (MEASURED MOVE AS PER HEAD AND SHOULDERS)

AMITDANGI

NZD-USD PAIR HAS BEEN BULLISH MID MARCH-2020 TO EARLY JUNE-2020. PAIR HAS GOT RESISTANCE AT 0.6584 (HIGH OF 10 JUNE, 2020). IF WE LOOK AT THE PRICE ACTION FROM 10 JUNE 2020 TO 08-JULY-2020, WE HAVE MULTIPLE REASONS TO SHORT THE KIWI AGAINST USD. REASONS TO SHORT NZD-USD: 1) DOUBLE TOP FORMATION ON DAILY CHART (10-JUNE-2020 & 07-JULY-2020) 2) DOUBLE TOP...

AMITDANGI

AUD-JPY PAIR IS FORMING POTENTIAL BEARISH FLAG PATTERN ON M-15 & M-5 TIME FRAME. WAIT FOR BREAK OUT TO THE DOWN SIDE TO CONFIRM THE PATTERN. SELL ENTRY: 74.65 STOP LOSS: 74.85 TARGET-1: 74.35 TARGET-2: 74.20 (RE-TEST OF RECENT SUPPORT ON HIGHER TIME FRAME)

AMITDANGI

EUR-GBP PAIR MIGHT FORM HEAD AND SHOULDERS FORMATION ON H-4 CHART. PAIR IS TRADING JUST ABOVE NECK LINE OF POTENTIAL HEAD AND SHOULDERS FORMATION. AGGRESSIVE TRADERS CAN SHORT PAIR AT MARKET, WHERE AS CONSERVATIVE TRADERS CAN WAIT FOR BREAK OF NECK LINE OR RE-TEST OF HIGHER PRICE LEVEL NEAR SHOULDER AREA. HEAD AND SHOULDERS CHART FORMATION MAY DRAG EUR-GBP TOWARDS 0.8920.