1: Head and shoulders Pattern clearly visible on the Daily Chart. Price also created a New Low by breaking the lower high around the area of 108.330
2: Price would need to break the key level of 107.460 - 107.450 area as confirmation.
3: The target will be based on how deep the breakout is.
4: Will take up to two weeks for the pattern to complete before...
4H
This candle is very important
What do you think?
I will say until 72 minutes later ..
I say for the fourth time
If you are an investor and you are worried about your assets
Do not worry
Please trust the market
(AMY)
The market appears to be forming a potential head & shoulders setup as resistance were slightly broken out.
However, we could be seeing some consolidated movements within the zone before the potential upside movement, therefore, it would be best to wait for further confirmations
Key Factors:
-Potential Head & Shoulders
-Bullish break and strong bullish...
Good chance to go for a LONG position on the currency pair as we've seen a good pattern and also there are some gaps to fill based on the institutional methodology. This is not a financial advice tho.
It is rightly said - While looking for the next HDFC, don't forget the original one.
The above analysis is done purely on basis of Price Action & Chart Patterns. The logic behind this is mentioned in the image itself.
I am not mentioning any levels for entry or SL or Target. Reason behind that - Its neither too early nor too late to enter a stock like HDFC....
AUD/USD hold at resistance in the 0.7820-49 zone keeps in play the possibility of forming a large, bearish Head and Shoulders (H&S) pattern. A daily close below initial support at 0.7677 – a barrier reinforced by a rising trend line – probably opens the door to challenge the H&S neckline. Breaching that would complete the top formation and imply a measured move...
The above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Entry can be made between range - CM to 50/-
SL will be below 36 for safe traders and risk taking traders can put SL below 44-45.
Target is shown in image...
