PFC - Parallel Channeling and Elliot Wave Pattern
PFC has broken the Trend Line & Strong Monthly resistance line of 120.40 and retested the resistance line of the Parllel channel 110.30.
The script was touched at the resistance (Trend line) on the daily chart 119.10 and closed at 117.35.
If script broken the trend line above 123 we can go for Long.
Buy Above 123
SL - 113
target - 143
Disclaimer: Kindly do your own analysis before executing the trade.
The script was touched at the resistance (Trend line) on the daily chart 119.10 and closed at 117.35.
If script broken the trend line above 123 we can go for Long.
Buy Above 123
SL - 113
target - 143
Disclaimer: Kindly do your own analysis before executing the trade.
Comentarios:
Script was in consolidation Phase. Any time breakout will be happened.