Our Preference: Sell below 0.8930 for the target of 0.8830 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurGbp was trading below the triangle pattern , Now previous lower trend line acting as the key resistance level and one more think its trading near 38% of retracement level so we can sell below the key resistance level and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell below 52.60 for the target of 51.60 levels
Alternative Scenario: Nill
Technical Commentary: In 4 Hour Chart :- WTI – OIL was trading in the strong key resistance of the triangle pattern, now it was trading near upper trend line of the triangle pattern, if we got closing below the upper 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.
Our Preference: Sell below 134.10 for the target of 133.00 & 131.70 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurJpy was trading in the equidistant channel line and key resistance was formed as upper trend line and yesterday it was tested the upper trend line and closed below the trend line, so we can sell near the resistance level and except upto next key support level :- which we have shown in attached image.
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.
Our Preference: Sell Below 50.35 for the target of 49.30.
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- Curde Oil was trading below the major key resistance level of upper trend lines and its trading below the key support level of horizontal line, so we can sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and In 1 Hour Chart :- CurdeOil was trading in the triangle pattern and it was trading in the range bound pattern between key resistance and key support levels, If key support levels breaks eans we can except heavy sell off , Today we are excepting to break off on selling side so we can have sell off below the support levels and except upto next major 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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