Our Preference: Sell below 1.1880 for the target of 1.1730 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurUsd was trading near key resistance level, yesterday and day before day its tested the key resistance level and its failure to break futher on higher side and its trading with upper trend line , the upper trend line acting as the resistance level so we can keep stoploss above the upper trend line and we can sell below key resistance level of upper trend line and except upto key support levels:- which we have shown in attached image.
Our Preference: Sell below 0.9930 for the target of 0.9860 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdChf was formed new upper trend line and now its started to trade in the triangle pattern and day before day we got closing on lower side as bearish candle so its confirming for the selling side, we can sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell below 1.2900 for the target of 1.2690 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdCad was trading in the sideways movement between the key support level and key resistance level and now new intraday upper trend line was formed as major key resistance level and its trading in the equidistant channel line and its trading below the 50 % Fibonacci retracement level, so we can sell below the key resistance and except upto next key support levels :- which we have shown in attached image.
Our Preference: Sell below 0.6910 for the target of 0.6820 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- NzdChf was trading below the upper trend line and last 2 days closing was below the upper trend line and its was closed on lower side as bearish candle, so we can go sell below key resistance level and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell Below 0.7020 for the target of 0.6980 level
Alternative Scenario: Nill
Technical Commentary: In 1 Hour Chart :- NzdUsd was trading in the triangle pattern now its trading near upper trend line, so we can sell near 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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