We Shall Look Out for a bounce in C-Wave to complete the correction for the fall from 1.1430 on Brexit Day... Likely the recent low@1.09840 to be intact & we shall look to buy with that stoploss for target 1.1225 & closearea.. The low on brexit day fall is 1.09119--that is our 1st Wave...from that low it bounced & made a high@1.1189 giving us a-wave & later fall in b-wave (we had small profit of 25 pips in asian opening session of 27th June 2016 as per previous update)...We have a stop loss less approx 35 pips & profit 150--200 pips giving us risk reward ratio of 1:5.
Trading Strategy 1: Buy in the zone @1.1020--1.0990 with stop loss @1.09840 ( A tick lower)
Once Target is done flip your position once pair starts moving below 1.1188 for Targets in later Update.... or
Trading Strategy 2: If Price breaks 1.09119 Then Take Short--for Targets in Later Update...
Regards, Abhishek H.Singh, CMT
Trade active
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10:30 Hrs..IST--27th June 2016----This is very low stop loss trade only 20--35 pips...pair just kissed 1.0999...Regards