Next level of participation for fresh shorts in Aussie
USD/JPY the most favorite trade now a days globally accumulating targets 107.50. Technical : This pair is little influence with technical but support and resistance matters in this pair in terms of technical .apart from it we are looking for channel as I have nicely mapped over daily but for short term trader I have marked it with 4 hr chart with recent channel...
In view that the dollar has reached a phase where some consolidation / correction is imminent. We can look at either going long in the dollar to hedge our Nifty / Bank Nifty longs. Or we can also pick dollar puts for next week as a stand alone trade in just the dollar.
I was looking solar stock for long term investment (10 year-20 year) this is my first test of such long term plan. long at 53( 7% portfolio weight) Sl 41 will add more: 80,100,110 and see the fruits if remain in play for long term. this is my plan i am committed to execute its strictly.
Last Traded Price was 67.85- As per previous update, look for the zone 67.15-67.41 as key zone & 67.15 as critical level where Dollar rupee likely to bounce as that zone troubled for a good number of months acting as resistance zone & most likely to form support so they have changed their role from resistance to support- that is called polarity reversal. Related...
* Falling trendline breakout * Triangle breakout * Trading above pSAR