I will Short BIOCON on because: The price is forming a Chanel or Rectangle Pattern . The price is also under Support/Resistance zone. It has touched the resistance (upper end of rectangle ) and may reach the support zone (lower end of rectangle ) . Target would be the Support area . Book profit when it reaches the support zone . Entry - 457 Target - 410 Stop loss - 467
3rd wave has started in GJ. We can expect the target for 3rd wave at least equal to the wave 1.
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Analysis mentioned on the chart.
Analysis mentioned on the chart. As long as the support holds , the pair should move up for a corrective move as wave 2 .
analysis mentioned on the chart.
analysis mentioned on the chart.
After a long rally from an ending diagonal of wave 3 the pair is forming a Head and shoulder pattern. The breakdown of the neckline will bring the prices down to the previous supported as shown in the analysis.
USDCAD go short if trendline breaks
Breakdown and retest is done Target 73.8 with SL at 75.4 on daily closing basis.
A retest to the channel can be expected before it continues its upward momentum
FX:EURUSD (FOR LEARNING PURPOSE ONLY) Clearly we can see expanding volume whenever the price moves up & declining volume on down move But in most recent up move (inside channel),price increasing on declining volume Considering the volume pattern,the resistance zone becomes crucial . If price holds on to the resistance and moves down,if volume...