Nikhil
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Trading style
Conservative
Current Broker
InstaTrade

Nikhil's Blog

EURUSD Bear Flag Pattern 14 September 2011

Posted on September 14, 2011 at 4:07pm 0 Comments

Hi,

 

Last 2 weeks, we had a terrible fall of Euro against Dollar. I tracked the trade here at http://www.forexstreet.net/profiles/blogs/eurusd-ascending-triangle-pattern-on-d1-charts-01-september-2011

 

We had a nice bouncing support on Monday at ~1.3500 levels and then the correction resulted in about +200pips to the upside.…

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EURUSD Ascending Triangle Pattern on D1 Charts - 01 September 2011

Posted on September 1, 2011 at 1:00pm 6 Comments

Hi,

 

Note: This blog post can be also considered as a followup to my previous post http://www.forexstreet.net/profiles/blogs/eurusd-weekly-chart-analysis?xg_source=activity

 

Its been a staggeringly consolidating…

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EURUSD Weekly Chart Analysis 30 July 2011

Posted on July 30, 2011 at 5:00pm 5 Comments

Hi,

 

Its the end of the weekend trade and also month end, but certainly looks like a beginning of some interesting moves for EURUSD coming weeks in the month of August. I am quoting few possibilities out of my chart here and any discussions/feedback are welcome.

 …

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GBPCHF Bullish Breakout Possibility 28 July 2011

Posted on July 28, 2011 at 7:07am 5 Comments

The triangular setup is looking familiar and the bottom of GBPCHF at 1.3070 levels is solid atleast for this week it has been.  The chart is ready for a bounce to atleast 1.3250/80 levels. A sustained break above 1.3105 could confirm this. The triangles are common when the cycles are nearing or end of major waves in the wave theory, but it is also to be noted that since the major trend is downwards, it could also signal a fake breakout too, fingers…

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