Probable selling opportunity in Raymond. Volatility is very contracted which will result in expanding of area. This expand will probable result due to more selling pressure.
Sell at current price.
Targets: 740, 684.
Raymond has been providing very good risk to reward trade setups.
First it completed bearish Bat and now it can provide good opportunity for Bullish Cypher pattern.
Sl would be slightly below 800.
Targets 840, 880.
Flag pattern is also visible in the Raymond's chart.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...