WE HAVE COMPLETED THE EXTENSION OF BC AT 1.272 (NEED MINIMUM 1.272) HERE TAKEN HIGH 53.33 AS A TOP BUT EXTENSION CAN GO TILL MAX 1.1618 (THIS IS APPROX 53.79)
BASED ON CURRENT TOP D LEG SHOULD TERMINATE AROUND 50.50 (NOT GOING WITH PRECISE LOCATION) BUT JUST LOOKING TO TARGET 113% OF XC LEG HERE.
TRADE IDEA:-
SELL AT 53.30 (ACTIVE) ADD MORE AROUND 53.80 STOP LOSS LATER TARGET 50.50 (APPROX)
EXACT TARGET WILL BE GIVEN ONCE 2ND POSITION IS FILLED OR RIGHT TOP IS FORMED.
till now going good. approx 1 USD down. We have support at 52.34 and also 1.618 ext of recent upswing correction on h1 TF. We about to get sell trigger on h1 and Can trade that for 1.618 ext or till 52.34 for Small profits
AvinashMudaliar
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After this there was a small sell off. Chiku Span is still above respective price. Slowly steadily we should come down. Hope for the best.
AvinashMudaliar
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Recent Hammer and Doji in formation near 1.618 extension of BC good indication that bears gaining control