Our Preference: Sell below 1.1710 for the target of 1.1630 and 1.1500 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurChf was trading in the triangle pattern and last week EurChf was failure to break the upper trend line of the triangle patten and EurChf was trading below the key resistance of upper trend line and so the possibility of trend on selling side now EurChaf wating for to break the lower trend line If lower trend line breaks means we can except heavy sell off, so we can sell near resistance level with stoploss above the highs and except upto next key support levels:- which we have shown in attached image.
In Daily Chart :- EurChf was trading in the triangle pattern and last week EurChf was failure to break the upper trend line of the triangle patten and EurChf was trading below the key resistance of upper trend line and so the possibility of trend on selling side now EurChaf wating for to break the lower trend line If lower trend line breaks means we can except heavy sell off, so we can sell near resistance level with stoploss above the highs and except upto next key support levels:- 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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