GBPJPY is diving downI saw a strong resistance line that price reacted to. It reversed 4 times, and this 4th time is definitely going to be the next bearish reversal move.
First TP used to be a resistance line, now it broke out of it. Chances are, once price reaches that level, it will bounce back, so that's my first TP.
Second TP is actually this week's close. Price, on a weekly basis, usually reacts one way or another to that close.
And that's all I got, good bye.
Goodluckcapital
Buy Naukri Limited | Expected Profit 7-9%Buy Naukri (Info Edge India) Limited
(NSE: NAUKRI)
CP# - 2444.85
Buy Range - 2340-2440
Target - 2550-2600
Stoploss* - 2280
Duration - 12-15 Days
Potential Return^ - 7-9%
Risk : Reward = 2:3
# CP - closing price on April 20, 2020
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 2500
^ Potential returns are calculated based on the median of buy range.