This is my second thread in TJ... First one is on Premium Eating strategy in BNF options... which I am not able to do much nowadays... due to my job engagement during the day... currently market is highly volatile... VIX hitting 19-20 continuously which needs continuous position...
TCS: On friday the stock just broke the short support channel and close below 50 EMA.. RSI has also shown a negative divergence and to help to go down Macd is turning towards negative and STOCH also in downward direction. Strategy is to short for immediate target of 733 and 704. Last support...
EUR/USD has support at 1.3785.
Europe is facing new challenges as After greece ,there is a talk of Spain and Portugal may come in a mess.
Eur/USD may touch 1.35 in coming weeks.
IND/USD ,can see 44.1
ON 19th feb: Eur/USD made a low of 1.344
For all those who are fed up with fancied indicators--
I just use Trendlines on 3 min chart....i will post the chart with TLs
Any one can decipher clearly how it works.....come back if u have Qs
The horizontal lines are Pivots marked on 30 min TF...