vedl metal are in short mode following techincal analysis vedl is overall in short bias but somehow it's breaches it's first resistance and now followed by technical it's gonna move accordingly charts so let's see today.
Tecnicalanalysis
Honda Siel Power - CMP 1008 - Ready to bounce upsideThe stock bounced from the strong demand zone.
5th wave almost completed
and it can bounce to 1026-1041-1054-1072
Strong supply zone is 1053-1077
GBP/JPY - Descending TriangleGBP / JPY is very close to where a fall may occur. The pair is currently in a descending triangle pattern. The buying force was amortized by the downtrend line. With the arrival of the bears with the selling force, a low candle was formed. We expect the bear kick to be strong enough to send the pair close to the support level.
- Price touched a few times validating the bearish trendline
- RSI falling H4. Line descending on D1
- Rejection on trend line with low candle
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance.
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