A breakdown of EUR/USD with potential scenarios for both the up and downside.
The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested.
Lets do an analysis on Nifty and how its movement will be in coming days.
As we look with Eagle's view ( Daily ), Nifty has been bearish from Feb'15 to Mar'16. For an year Nifty has been completely bearish Trend.
Some companies posting good performance results has driven Nifty to current levels from the lows of ...
A perfect double top is formed in the resistance zone itself.
Q4 results are coming on Monday ( 18.04.2016), so keep a note of it and trade accordingly.
If all goes as our study , we are looking for 100pts downward move.
Trade Safe ! Happy Trading !