EURJPY is shaping up to be a good reversal sell from the top.
We see a higher time frame double tops, and price has correct itself up within an ascending channel.
Latest price showed us a LTF push down, and potentially forming a continuation correction to go lower.
I would wait for a clean small LTF continuation correction to develop and...
Hello dear friends.
I open a long position at the current price, 27050
Targets: 27500 - 27850 - 28340 - 28980
Yes, many may disagree, since according to the order book, we have a lot of short positions at the top, as well as:
- Large candle absorption on volume.
- Growth without pullback (correction)
- no trade in the range...
.Nifty is in flag pattern (15min)
.Elliote wave in dayly and weekly
.Green line is major support and end of flag pattern
(Nifty is bearish in first half after that it will show correction after green support
AURO Pharma is on marathon but a sprint marathon exhausts the athlete and the same happens to the stocks. AB=CD pattern would make the point D- a point of in flexion and fall all the way to POC level marked, from where again a buying opportunity can be tapped by the incumbent buyers and from the initiative buyer looking for a discounted entry .