GBPJPY has completed ABC corrective wave (Wave 4) and ready to test previous highs. It has completed 50% Fibonacci retracement of the previous swing move.
OANDA:USDINR CMP - 68.087 Here, I have drawn the important lines. Now trade their support, break and retest. 50 DMA will assist you. Have a specific strategy of position sizing and stop loss which suits your trading plan . Personal suggestion - After entering on a signal candle, exit the trade when 2 more candles are formed, the close of it, that is, 2...
Symmetric Triangle on EURUSD and it may break either side. Trade for Long: Buy above - 1.05490 Target 1 - 1.05780 Target 2 - 1.06070 Stop loss - 1.05105 Trade for Short: Short below - 1.05100 Target 1 - 1.04870 Target 2 - 1.04505 Stop loss - 1.5490
It is a good time to U.S. currency as it is trending up in channel as showed on technical chart. Target: 0.9200 SL: 0.8750
The price action is been range bound in this pair for a while and now I'm looking forward for a big breakout in it. I would appreciate if anyone could share their opinion on it or post something related to it. Regards