Monday 23 May 2016

TRADE NIVESH FOREX TRADING TIPS FOR 23 MAY 2016

USD/JPY is probing the 55 day ma at 110.31 but will need a close above the 111.90 last reaction high to confirm that the market has based (favored)”.

“We note the TD perfected set up and 13 count on the 240 minute chart and we may see a minor set back very near term, but we look for dips to hold over 107.65”.

“The sharp drop last Friday was unexpected and the 1.4488 low was just a few pips above our 1.4485 stop-loss”.

“Unless GBP can move and stay above 1.4580 within these couple of days, a break below 1.4485 seems likely”.
“In other words, the recent high 1.4663 is likely the extent of the current bullish phase and the target of 1.4770 is not met”.

BUY GBPINR ABOVE 97.90 TGT -98-98.10-98.20 SL 97.70 BELOW CMP 97.84

SELL USDINR BELOW 67.35 TGT 67.25-67.15-67.05 SL 67.55 ABOVE CMP 67.38



FOREX TRADING TIPS INDIA

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