Due to bad resolution picture might confuse. Image below
https://www.tradingview.com/x/nMZ2Xg7m/
Recommendation is sell. Based on technical analysis I predict it will go down with and follow 65 Degree down trend. Based on today (17th July) it might appear other way around and most individual trader might like to enter Long position. This is exactly big fish wants. ...
The pair is currently at the major market structure, we can also see that it reacted very well to the support zone. Expect very bullish trend in the upcoming days after the GDP number release of EUR! The numbers will be positive or neutral for the most part and also since DXY is falling , EU will go up!
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*Staying below 9995, it would towards 6600- 5450 & more*
Day :- Day trand is "Down", staying bwlow DLEma 7244.
Weekly :- Week trand is "Down", staying below WLE 9720.
Potential short entry on AUD USD, It is moving in Range, and expected to Break Support. Potential Entry on either on breakout or when Price retrech to support and retest support level.
As said in earlier post 10500 done. Markets corrected and looks like formed a bottom at 10260-10250 levels. A close below 10230 would be considered as reversal. Markets may see another life time high in couple of weeks. Anticipating 10700 for now.
DLF
On 4th Sept DLF charts were suggesting of history being repeated and that we might see lower levels of 173 / 166
https://in.tradingview.com/chart/DLF/g9bPmob5-DLF-Short-term-view/
Well it has done exactly that....
- we saw the stock bouncing back to 76.4% retracement like on previous occassion...
- getting rejected at those levels...
- and falling back ...
Ujjivan Fin Serv has beautifully took support over the support line and broke the channel with a very big no. of volumes...
Points which confirms Bullishness :
1. Took support on support line and based on that support, It has broken Channel...
2. Very High no. of volumes traded on the last trading day of week..
3. Looking towards higher time frame (weekly) A ...
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