Posted by TraderZearth > 2019-07-02 00:48 | Report Abuse

Disclaimer: Before taking the information for granted and risk money you cannot afford to lose, please be informed that the following information shared in this post is just for education purpose. ----------------------- Topic starts here ---------------------------- Summary: I'm still seeing potential upside to at least 0.27 in the short - mid term time frame. Can look for entry as long as 0.20 is not broken. 1) From the general point of view, we can see that market has been creating higher lows and highs since early January. This has thus formed an bullish channel. Apart from that, prior to each engulfing candle, there would be a surge of volume and some minor accumulation. Refer to the chart below for more info. https://www.tradingview.com/x/bbm6FlVw/ 2) Now that anticipation has been made for the above movement, we find the support and resistance of this counter. Based on my personal opinion, these are the multiple levels to take note on. 0.18 | 0.20 | 0.245 | 0.28 Despite 0.23 being an area of rejection, I do not think this is a strong area of rejection. Information is as shown in the below chart. https://www.tradingview.com/x/qNQIXlk3/ 3) With the above information, you can plan your trade like this. https://www.tradingview.com/x/IcXp9hyt/ Now that the technical point of view has been shared, please DYODD on the fundamental part before risking your hard earned money.