Grasim after a strong impulsive move from 774 -742 ,
Yesterday It is with in 38% Range formed flat irregular,
Expect another strong down move to 725-720.(approx, even more)
Note : ( ~ ) 👈 approximate value
After a strong impulsive move ,price trading in the 30%(zone with out breaking previous swing, the whole structure (psychology) looks Triangle...If breaks 635, expect 650+....Trade Duration may last for 1-3sessions.
Trading in the triangle, triangle patterns always provide high probability and less RR ratio.
Trade on the break out of any side.
For SELL potential stop loss is 1016
For BUY 990.
High chance of breaking to downside, but we always need to be flexible.
0.9260 Holds strong Resistance,Redlines shows same length in Price and Time. If you look at Day
Candles 6bars up from low to “A“ and again 6bars up from “B”to ”C”
Next support looks at 0.9140 after break(strong momentum)below 0.9200