UsmanFarouk

UsmanFarouk

Luck Cement (LUCK) is observed to be rangebound between 577.94(S1) and 589.19(R1) on !H timeframe. However, in anticipation of the previous short-term uptrend, a Buy Stop has been placed above R2 on 596.48 with SL below R1 588.04. TP1 and TP2 have been placed propotionately.

UsmanFarouk

EURAUD is printing LHs and LLs and is in downtrend. A short entry has been planned with Sell Limit order at 38.2% FIn level with subsequent placement of TP1 and 2. SL has been placed above last LH.

UsmanFarouk

EURGBP is printing LHs and LLs and therefore in downtrend. A short position is planned upon retracement from Fib 38.2% during correction of the ongoing trend. Accordingly TP1 and 2 have been set, as mentioned on the chart with green lines. SL has been placed above previous LH, mentioned with a red line.

UsmanFarouk

EUR JPY is presently printing LHs and LLs. Therefore an entry has been planned upon anticipated retracement from 38.2% FIb level and TP1 and 2 have been defined, as per chart. SL has been placed above previous LH.

UsmanFarouk

EUR JPY is in presently in uptrend. It has resumed upward movement by bouncing from Fib value of 61.8%. Long entry has been taken at 156.536 with SL at 155.538 and TP1 at 156.934 and TP2 at 157.345.