Excited to come up with new video - "Destiny or Demand Leg Repeats@10900-10925" - All explained in 10 mins video.
Let's get started.
Key Resistance Zone - 10980 -11000
Key Support Zone - 10825-10850
Second Layer Resistance Zone - 11080-11100
Second Layer Support Zone - ...
The 4-hour chart of EUR/GBP is in an ascending channe l formation.
The centre median of the channel is acting as a good support.
As per our analysis we expect it to bounce back from the support to top of the channel.
Pls see the chart. Wedge pattern breakout given on the chart for that target 1&2 given. Double bottom will confirm, when it breaks the 913 levls for that target given on the chart. Weekly MACD cut and daily MACD crossover helps to reach the target and weekly low RSI and CCI helps to reach the mid term target.
Adani power may move upto target(shown in graph). Wedge pattern breakout done already. Descending channel breakout may happen upcoming days. Both pattern shows same target only.