Our Preference: Sell below 1.1230 for the target of 1.1070 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- Last Friday EurUsd was tested the key resistance of upper trend line and we got closing as bearish candle of lower side, so we can sell near the resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading in the equidistant channel line and its was trading in the triangle pattern, now it was trading near lower trend line of the triangle pattern, if we got closeing below the lower trend line means we will except upto next key support level so we can sell below the key resistance level and except upto next key support level :- which we have shown in attached image.
In Daily Chart :- Last Friday EurUsd was tested the key resistance of upper trend line and we got closing as bearish candle of lower side, so we can sell near the resistance level and except upto next key support level :- which we have shown in attached image.
EurUsd was trading in the equidistant channel line and its was trading in the triangle pattern, now it was trading near lower trend line of the triangle pattern, if we got closeing below the lower trend line means we will except upto next key support level so we can sell below the key resistance level and except upto next key support level :- which we have shown in attached image.
PIPS COUNTER - SINCE JANUARY 2013 | ||
Total Trades | Total Pips | |
EUR / USD | 1135 | 10130 |
GBP / USD | 1054 | 10550 |
USD / CHF | 907 | 8945 |
EUR / JPY | 818 | 10435 |
XAU / USD | 1156 | 207955 |
TOTAL: 248015 |
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