USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
RELIANCE COMM LTD, GMR INFRASTRUCTURE, HOUSING DEVELOPMEN, UTTAM VALUE STEELS, VISESH INFOTECNICS, JAIPRAKASH ASSOCIA
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Already in short position from trend line rejection.
Bullish only in hourly time frame. It can extend max a few hours or 2 sessions.
Make sure you pass this checklist before entering a trade
See the chart.
GBPUSD at the monthly down trendline. Beware
Long Target 1300 and above
Buy Above 402, Keep SL 375
Soon it will break down or bounce back.
Monitor for a positive breakout
Will it break or make ? Hopefully next trading session can answer.
In candle chart, it shows there is still some room to move sideways or go down to reach the trendline. But the renko confirms to go for LONG. See the attached RENKO chart
I do not think that its the right time to enter ITC. Most probably it will be in a range between 270-290. Until it break or make from the support line.
I did not check any fundamentals or news.
TECHM is back at the bottom of trendline. Wait for a confirmation candle and enter for long.
Looks like a flag break out. But in long term view it is still in down/consolidation period.
Soon to breakout