DMART
EURCAD shortEURCAD rejected his daily resistance, however, due to the volatility in the overall market, I was not tempted to trade where I would reject it. There was a retest and very clearly confirmed by the rejection of the dma 50 line, eurcad is creating a new HL location and I expect it to drop to 0.68 fib
DMART is open for shopping-BUYJULY 07
-bullish crossover about to happen in MACD, RSI -gaining strength.
-sustaining above 50 ema.
-entered the trend channel again with increasing volumes.
TARGET 1 --2480
TARGET 2 --2600
STOP LOSS -- 2270
**These are my personal observations. Please trade at your own risk.**
Shorting opportunity - DMART testing its major support levelDMART has been testing its long time support level on the daily chart for quite some time now. A good momentum on the downside can lead to a major downfall. A strong bearish candle should be looked for in the coming days.
If the price closes above 2365, this study will stand invalid.