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Breakoutzone

EURGBP : Ripe for Breakout, but Now or Later ?!Eurgbp is consolidating from last week and I expect the breakout to be wild one. I don't rule out the possibility of false breakout, bcos people will get excited, price moves up & euphoria settles down comes back hits our stops and market moves to other direction. In triangles always wisely place your stops ( figure out a better way to manage risk n reward ) , so that even after the false breakout you can enter other direction, which covers the pips lost in false breakout & gives you some profitable pips. Happy TradinG !
by InsiderB
USDCHF: W,2016-10-10 Short@0.9660 T1@0.9547 T2@0.9450 SL@0.9700Based on the technical analysis, a negative breakout is on its way, at least tested somewhere around October 10-13. The high volatility of Gold makes me doubt a little, and also making such forecast ahead of a NFP report is tentative for the newbie I am. However, recently the market reacts less to the real numbers than to data the exceeds expectations. I don't believe NFP figures for September will surprise anyone... at least positively. Also, based on currency correlations, CHF is a safe haven when EUR or GBP get shaky!
Short
by Orbicube
Possible moves on goldMy opinion on gold is 1. It would make a good buy position now, and 2. it makes a good hedge for a portfolio. The reason I think it has upside potential is due to the dwindling investor sentiment in central banks' ability to drive inflation through monetary policy. For this reason, I think that the coming few quarters will see investors buying into gold as both a safe haven and a portfolio hedge. This triangle could be a good start to further upward movement.
FX:XAUUSDLong
by olly_price
An Analysis : Awaiting Breakout in HDFCBANKHDFCBANK is forming a perfect descending triangle pattern over last 3-4 months and desperately need a breakout from the pattern. Descending triangles can breakout any side so lets wait till the breakout happens and it became more valid with 3 touches on flatline. Keep HDFCBANK in your list to look out for shorterm and if it gives ample opportunity to enter after Breakout, Hop on and ride whichever side it breaksout. Check your risks also and plan well before taking positions. Hit Thumbs Up icon if you Like the Idea... Keep Sharing / commenting your views & suggestions below..
NSE:HDFCBANK
by InsiderB
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