Our Preference: Sell Below 129.00 for the target of 128.00 and 125.40
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurJpy was started to trade in the equidistant channel line now last 3 days high was formed as major key resistance levels so we can kepp stoploss above last 3 days high and we can sell near the key resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart:- EurJpy was trading in the sideways movement and its trading below the key resistance level so we can sell near the key resistance level and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell Below 1.2950 for the target of 1.2730
Alternative Scenario: Nill
Technical Commentary: In Weekly chart :- GbpUsd was the trading in the triangle pattern, last week its safely reached the upper trend line resistance, so this week we can except correction from resistance to next key support levels :- which we have shown in attached image.
In Daily Chart :- GbpUsd was trading near upper trend line of key resistance and yesterday we got lower closing as bearish candle and its confirming for the selling side, 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 :- GbpUsd was tested the double top high and its fail to break previous highs and we got new upper trend line with new resistance and we got several closing below the resistance levels, so we can sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was trading with new intraday upper trend line and its trading in the key support level, so we can sell below the key support level and except upto next key support level :- which we have shown in attached image.
Our Preference: Buy Above 0.9600 for the target of 0.9720
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdChf was fail to withstand below the lower trend line yesterday we got closing above the key support of lower trend line and its confirming for the buying side, so we can buy above the lower trend line and except upto next key resistance level of upper trend line :- which we have shown in attached image.
In 4 Hour Chart :- UsdChf was trading above the lower trend line and new upper trend line was formed so we can buy above the lower trend line and except upto next key resistance level of upper trend line :- which we have shown in attached image.
In 1 Hour Chart :- UsdChf was trading in the equidistant channel line and it was trading above the key support level so we can buy above the intraday resistance level and except upto next key resistance level of upper trend line of equidistant channel lines :- which we have shown in attached image.
Our Preference: Sell Below 1230 for the target of 1218
Alternative Scenario: Nill
Technical Commentary: In weekly chart :- Gold was broken 3rd testing of the triangle pattern on lower side so its conforming for the selling side, so we can sell near the lower trend line and except upto next key support level :- which we have shown in attached image.
In Daily Chart :- Gold was broken major key support level of lower trend line and its was trading near key support level of horizontal line, If key support level of horizontal line was broken means we except heavy sell off, so we can sell near the lower trend line and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart:- Gold was trading in the equidistant channel lines so we can sell near the intraday key resistance levels and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell Below 1.0600 for the target of 1.0540 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurUsd was trading in the triangle pattern, EurUsd was completed to tested the upper trend line and after testing the upper trend line it was closed on lower side as bearish candle and it was closed below the key resistance level, further we can except upto lower trend line of next key support levels, so we can sell near intraday resistance levels and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- EurUsd was trading in the equidistance channel lines and EurUsd was testing the lower trend line, If lower trend line broken means we can except upto next key support levels, so we can sell near key resistance level or sell below the upper trend line 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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