Where to take trade in TATACOMM ?? Here it is ...............
As it is shown that the price is forming a Rising Wedge Continuation and moving towards the upper trendline.
So how to trade this pattern ?
(1) Go short when the currency price falls below the lower trendline and place your stop above the upper trendline(resistance) line.
(CONTINUATION PATTERN)
(2) Go long when the currency pair price rises above the upper trendline and place your stop below the lower trendline (REVERSAL PATTERN)
Hope you like the idea!!
Share your opinion in the comment box.
So how to trade this pattern ?
(1) Go short when the currency price falls below the lower trendline and place your stop above the upper trendline(resistance) line.
(CONTINUATION PATTERN)
(2) Go long when the currency pair price rises above the upper trendline and place your stop below the lower trendline (REVERSAL PATTERN)
Hope you like the idea!!
Share your opinion in the comment box.