Technical Commentary: In Daily chart, Eur/Usd was trading in the triangle pattern and also its trading with equidistant channel lines,Both triangle pattern and equidistant channel lines reached upper lines, so we can sell below upper lines of triangle pattern and equidistant channel lines @ 1.1030 level with the stoploss of 1.1100 level for the target of 1.0850 & 1.0750 :- We have shown in attached image.
In 1 hour chart :- Eur/Usd was trading below two upper trend line levels 1.1020 and we got key resistance level @ 1.1030, So we can sell near resistance levels :- We have shown in attached image.
In 4 hour chart :- Eur/Usd was trading in the equidistant channel lines and its trading near upper trend line,If it breaks lower trend line means its more conformation for selling trend so we sell below 1.0960 level :- 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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