- A cup and handle pattern is forming in eur/usd pair.
- I have to say the cup portion has not formed a perfect U. But still ia breakout from the channel in which it is trading now can give the same results.
- Break of the channel bottom will invalidate this pattern.
- And the chart is also showing a bull so flag similar results on a break out.
it also shows a bullish flag? what indicators are indicating ?
ReplyDeleteHi San.
ReplyDeleteBelow what Point is the USD Index considered as Break Down?
Mayur
@Wealth
ReplyDeleteThat's right i have updated the chart
@Mayur
The USD becomes weaker on a close below 85. and there is an important trend line in daily chart a break below that will give a good correction. I will update the chart tonight.
Hi San.
ReplyDeleteThanks for the reply. Looks like the EUR/USD will help us with the 5th Wave that we are looking for.
San: I have a request, & if possible would appreciate your Input.
Aban Offshore, as per my reading of the charts has been moving through an upward channel; if I am seeing this correctly the Stock since the fall during May to date looks to be forming an Inverse Head & Shoulder with Targets of 1000+ to be achieved possible within the next 4 - 7 days. Your vision on the charts will be helpful.