Hi Guys, EU is on Long Buy now with small Retracement in price action. Don't miss the opportunity. This is my Swing Trade Analysis for the week. Happy and Safe Trading.
Note: Always trade with proper Risk & Money Management.
Kindly, Like and comment on my analysis so i can learn and share more like this.
Asian paints loosing its bullish momentum. Now expect a high retracement on upcoming days. Positional traders book profits on next highs or strictly trial profits. Want to take ptofits in retracement, follow us and the proper point where the market starts retracement for paid members only. Now wait and watch:-)
Keep an eye on Hindustan Petrol. Expected momentum is in upward direction.
Reason to Buy:
1) Forming a triangle pattern
2) Taking support on weekly as well as daily trend line.
3) Formation of 'W-Pattern' (wait for neck line break)
Stop-loss must be below the previous immediate swing. RR ratio must be calculated and traded accordingly.
Gold took support at broken trend line which implies downtrend is over.( inner trendline)
Outer trendline is still acting as resistance.
lets see which trendline is powerful.
Resistance level 1300