WEEKLY ANALYSIS AND TRADE SETUP- 19 MARCH 2017
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WEEKLY ANALYSIS AND TRADE SETUP- 19 MARCH 2017
by AVINASH Sun Mar 19, 2017 10:55 pm
Analysis of last week pointed towards pushing of prices towards the 178 level where we can plan aggressive long.
This trade has given us nice profit with 1:2 target.
At present trend on monthly is up with weekly sideways trend. Daily downtrend with intact trend line is reason to book profit in long trade.
188-194 level will offer some resistance but if broken can provide us good setup to enter long on retrace , as trend on 240 I already up with intact trend line.
OI analysis too suggesting adding of longs in system, which supports our long bias at good levels.
Trend Analysis:
OI Data Analysis:
Trade Setup:
This trade has given us nice profit with 1:2 target.
At present trend on monthly is up with weekly sideways trend. Daily downtrend with intact trend line is reason to book profit in long trade.
188-194 level will offer some resistance but if broken can provide us good setup to enter long on retrace , as trend on 240 I already up with intact trend line.
OI analysis too suggesting adding of longs in system, which supports our long bias at good levels.
Trend Analysis:
OI Data Analysis:
Trade Setup:
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