With the confirmed buy signal on 12 July, I am holding long position with a view to have a confirmed sell signals at the points where we have yellow downward arrow. This is for my own trading purpose, overall trend is still bearish and this chart is just to predict better selling prices. I will exit long and enter in shorts with a 2nd confirmed bearish signal because the first bearish signal has gone unconfirmed after 12 July 2019.
Comment:
Purple line has strong support, we may expect a U turn from 68.66, if broken and given a bearish signal by tonight.
Comment:
The analysis is going in right direction. Keep it long till my update.
Comment:
Perhaps we will see a short signal confirmation by tomorrow. Because Indian market has given a sell signal. I will update if I entered in shorts tomorrow morning at 9 O'Clock.
Comment:
Today we have another short signal. Exit from long if closing is below 68.8400 and enter in shorts tomorrow. If the pair is closes above 68.8810 then carry long.
Comment:
I have exited from long July Futures @ 69.03 bought at 68.7850. I will wait for closing rates today. Will decide to enter in long or short in August Futures today.
Comment:
The second signal to short is gone wrong. We will approach to our 3rd target on the chart now. Buy as much as possible for 69.6700.
Comment:
It has been upsetting day altogether. 69.05 has worked as a strong resistance today also. The conversion and the base line are going to intersect again. This is not a right time to short.
Comment:
This uptrend does not seem to go to 69.67 now. We will wait for a sell signal and then exit from long and enter in shorts again.
Comment:
We should see 69.19 to 69.30 anytime. July expiry is next week.
Comment:
Enter in SHORTS with half of the quantity and wait from the conversion to break the base from above.
Comment:
Add more near 69.32 to 69.35 and wait to add more near my third and the last target 69.6700.
Trade closed: target reached:
The target of 69.6700 has been achieved. This was the last target for getting in long.
From here somewhere we will see a strong signal to sell.
I will either post on the same chart or will produce another chart soon. I have cleared my long positions in full today.
Half of the short positions were built yesterday and half I will built as the final signal comes.
From here somewhere we will see a strong signal to sell.
I will either post on the same chart or will produce another chart soon. I have cleared my long positions in full today.
Half of the short positions were built yesterday and half I will built as the final signal comes.
Comment:
Not a good time to enter in shorts or average. If the cloud gets clear with a base and conversion from below then the position must have to be in long.
Trade closed: target reached
