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Bank of Baroda set for a Huge Uptrend. Long Swing tradeLeading banking stocks are moving higher breaking out from falling channel.
Similar breakout happened in Bank of Baroda which has given a successful breakout from its multi-year falling channel, retested it and continuing its upward move very smoothly. Also we can see a Flag & Pole pattern formation at the bottom of the downtrend indicating a near term target at 110-116 from CMP. RSI is also in a good upward momentum. Upmove comes with huge volumes.
High conviction trade.
You can also spot Cup & Handle pattern forming with a neckline zone of 87-93.
Happy trading!
EURGBP 4HSummary:
EURGBP has been trading in a downward channel since the end of April
The pair has had two false resistance breaks at 0.8635
Recommendation:
Trade: Short EURGBP for market
Take profit: 0,8560
Stop loss: 0.8680
Justification:
The British pound has recently started to outperform the euro. EURGBP has been trading in a steady downtrend since the end of April. The pair tried to correct, however, two attempts to break the 0.8635 price zone failed. The area is important not only because of the previous price reactions, but it is also the lower limit of the Overbalance structure. Thus, we see a good chance for a resumption of the decline with a target at the level of the recent lows. We place the stop loss at 0.8680.
Source: xStation5
HOLLYWOOD meets WALL STREET- Top 10 movies
In this post I will introduce you to 10 stock market films and documentaries about trading and the financial markets that will both entertain and motivate you, some are real, others just funny or very critical
WALL STREET 1 and 2 1987 u 2010 DRAMA whit Michael Dougles
Rogue Trader- The Nick LEESON Story 1999 REALLITY whit Ewan McGregor
INSIDE JOB 2010 DOKU whit Matt Damon
The Wolf of Wall Street 2013 TRUE STORY whit Leonardo Di Caprio
Money Monster 2016 ACTION whit Georg Clooney
The big Short 2015 BIOGRAFY whit Christian Bale
To Big to Fail 2011 DRAMA whit William Hurt
Boiler Room 2010 DRAMA whit Giovanni Ribisi
Margin Call 2011 DRAMA whit Kevin Space
The Corporation 2003 DOKU independent
Tell me about your favorite financial films and determine the rating
If you like the post,smash the like button,follow me, and comment Thanks
BTC/USD Coinbase (Trend/Levels) Bouncing off descending triangle support. If it breaks downward maybe we test 30k support again? Could it surge if it breaks above triangle and aim for a higher level and find a new support. Heavy resistance at approx. 42k. If we break upward past 42k could find another support on the uptrend. Definitely feels like the bottom is in around approx. 30k support. Not financial advice. DYOR. Leave a comment.