Best Buy & Support @ 1.5577 Actual Resistance & Best Short Level @ 1.5664 (current Support) A break Above 1.5779 Upside Target @ 1.5829 - 1.5885 , However a Crack Below 1.5529 Downside Target @ 1.5404 - 1.5347
Ltp - 1.5704
Trend : Hourly - Small Dip - Mild Bearish
5 HRS - Bullish with Bearish Streaks
Daily : 4 a glance indicator's have been faced towards downside but a candle stick suggests a bull exhaustion (upside) Price action probability
Weekly : Has completed 3 white soldiers pattern but probability of higher pitches before the trend reverses to the downside
"An Ideal phase to Build Short Positions on all Rises"
Monthly : All Initial and major technical indicators are Firmly In Bearish Territory - However its just pulling up to fill the Gap of Previous Big Drop Below 1.5000 Mark
Trend : Firm Bearish
Strategy
Early Week if Get 1.5779 sell it for target 1.5664 & close all Shorts @ the point , However If the Pair takes support @ above mentioned Levels we advise traders not to jump & go for a BUY Trade - Rather Lets Wait - Watch & when it Nears the initiated Resistance & Sell levels lets Build Huge Positions & Make the Most out of Bears Havoc
MultiBagger Trade Idea
Sell The Pair above 1.5885 - 1.5945 average @ 1.6074 MultiBagger Positional Target 1.4985 - 1.4856 Trend Reversal Above 1.6086
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