Trendline-breakout
AUDJPY Sell IdeaSell rallies, preferably with trend line breakout and bearish divergence to form on the H1 chart, as long as the top of the range is holding and the bottom of the range was not reached.
Protection above the top of the range.
Target 1 – bottom of the range.
Target 2 – 81.50.
Target 3 – 80.50.
Magnet Zone in CADCHF offers a buy opportunityThe pair has completed two bearish cycles and it is now pushing up. We are looking to join the bulls after the bullish convergence taht we saw on the H4 chart.
The way to do so is by waiting for a double wave correction on the H1 chart, wait for a breakout of the most recent trend line to form and go long.
Protection should go below 0.7150.
Target - 0.7375.
USDJPY Buy IdeaI'm looking for the price to reach either of the alternative trend lines (yellow) as shown in the chart. I want to see bullish divergence forming at this time.
Final step is to draw the most recent trend line and look for break above it which will be the trigger for a buy.
Protection – Below the last low created, before the trend line breakout.
Target 1 – Twice the SL,
Target 2 – 111.80
Target 3 – 113.70
Technical Call : Ajanta PharmaAjanta Pharma has given trendline breakout with rising volume on daily charts. Also it has major support around 1650 on daily charts. ADX and RSI have turned positive on daily and weekly charts.
One can initiate long position on around 1780-1810 with Stop loss of 1650 (closing basis) for Target of 1950-2100 in next 10-12 weeks.