Hdfcbank made symmetrical triangle & broke out of it on smaller time frames of 15 mins chart, hdfcbank is extremely oversold & in in very short it ll pullback.
Could be bought on the back up of shortcovering with mentiones stoploss & targets.
I see the dollar rising to further significant levels of which I have marked. I just aim to follow the cycle long term in this regard, I'll have a clear idea of the types of entries I should take seasonally as swing while still following the cycle on a weekly scale each quarter with a bias in relation to this long-term one I have noted on the USD. So I just have...
so what we have here on the DXY is the following:
1. market has been making higher highs and higher lows and formed upward trendlines on the WEEKLY, DAILY, H4 and H1
2. price has respected a pretty strong resistance level as we can see by a DOJI on the H4
3. and due to this on the H1 market broke past a previous HIGHER LOW and formed a LOWER HIGH
4. once market...