Price trading at value low with created an excess.
Waiting for the tail to enter the direction of the long side for target 294 nearby.
Buy in a dip(when down spike) 268-269-271 are a good level for entry.
Tail doesn't always mean that the price will reverse.If the second candle is long down from the tail it means that price will move down.
The less time price spends at a certain price level, the more effective that price level will be in providing support or resistance for future price...
A close above 820 would be a bullish sign.
Further i believe that the Raymond is in clear downtrend and it fails to hold above 715 levels in coming weeks then we will see it testing 620/550 levels within this financial year.
Please do your own research before taking any investment decision.
The 1-hour chart of USD/CHF indiacates that the pair is currently in downtrend.
The pair broke the support the 0.99366 and it made a sell off.
The pair is currently making a retracement of 61.8% and we expect the bears to return in the price zone of 0.99366 which can act as a resistance.
The day chart of GBP/AUD indicates that the pair is currently in downtrend.
The pair made a strong downside move and is now currently making a retracement(50%).
It also coincides with the strong resistance zone and the pair is currently facing resistance based on price action.
Hence it is a good time to initiate a short trade.
Hi guys, what a day. I had to wait till afternoon for the short opprtunities. The patience really paid. I had three nice trades and I would like to share one special trade in UPL.
Price Volume Analysis
It opened with a gap down and made a spike low (see A). Later it broke that low and formed two more spikes with larger volumes, clear indication of some buying...