Monthly Chart Breakout - Positional Trade - VEDL📊 Script: VEDL
📊 Sector: Mining & Mineral products
📊 Industry: Mining / Minerals / Metals
Key highlights: 💡⚡
📈 Script is giving Breakout of double bottom neckline on Monthly chart, we may see some good rally.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 414
🟢 Target 🎯🏆 - 504
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Postionaltrade
USD JPY - incoming 1990, then 1987?G'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
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Below are some of the take aways from the video - please listen again incase any detail is missed.
Monthly
simply put, look at 1990 and the gap formed in the fresh supply above at 157.XX - 164.XX (1987). not there is a hidden zone within 1986 which can be a final supply zone.
Weekly
The market has made a double top within the weekly supply, we'll await the confirmation on the daily time frame however.
The weekly zone has been built up upon a strong resilience zone from the supply zone (note this is a strong supply zone which dates back to 1990/91) , where multiple rejection weeks have occurred and price has been in an accumulation phase since.
Daily
High curve created for the daily supply, and now the buyers have created again a high curve, with this time a marked zone where price can pivot to (subject to confirmation), before price can begin its journey back into the supply, after a strong demand zone which can be brought back to.
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