Short on EURUSD pairIn daily chart EURUSD formed the bearish candle with strong selling Volume candle.
In 4hr Time frame it has formed Falling Wedge Pattern and make breakdown for downside.
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Risk and reward In this trade will be 6:91
Entry At : 1.09761
Sl will be : 1.10307
Target 1 : 1.08394
Target 2 : 1.07164
Final Target : 1.05990
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This is education purpose trade.
Please take advice from your financial adviser before taking any trade in live market.
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Berish
Nifty50 ( BULLS Vs BEARS ) Daily ChartNifty index Gap opened witnessed sustained buying interest for the 3rd trading session of week. Bulls rallied to the Hurdles around 10222 level but in the mid-session Bear is the strategic warrior who waited for the perfect timing shot to hit the Bulls at this levels. Pushing down index around 80 points from top in intraday the Fight continues and was promising for the bulls to stay in positions. Nifty 50 Index on Daily chart formed inverted hammer look like spinning with long wick.
Now this above setup shows favors in bears to march over bulls but could be tuff at the level around 10100 zones, Once it weaken then the Bears will Roar and show the BEAR Power again. The Hurdles for index are 10178-10212 and support at 10094-10064
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Sachin
Nifty 50 ( BULLS Vs BEARS ) Daily Chart 'Nifty index opened Gap down breaching previous Lows of 10077 and made new low 10049 in near psychological 10000 support area, sustained buying pressure from lows near about 100 point rally up to 10155 recovers Bulls in Action and tried to stand still against bears positively. Bears Tried to drag down Bulls in last Session but Bulls managed to Hold the Fight settled down. Nifty50 Index on daily chart formed inside Bullish Candle but not surpass the Engulfing pattern near Previous Swing Lows with 200DMA support.
Now if Bulls lift up with its power with yesterday recovery then the hurdles for index are 10168-10198-10222 zones and supports at 10090-10035-9990
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Thank you God Bless You
Sachin