PATTERNS/CHANNELS. ------------------------------------------------------------------------------------------------------------------------------ >PRICE INSIDE BROAD BULLISH CHANNEL. >FALLING WEDGE INSIDE BROAD BULLISH CHANNEL. >BULLISH ABCD PATTERN INSIDE FALLING WEDGE. >BIG HEAD & SHOULDER PATTERN. >SMALL HEAD & SHOULDER PATTERN. ------------------------------------------------------------------------------------------------------------------------------ POTENTIAL TARGETS/SUPPORT & RESISTANCE. ------------------------------------------------------------------------------------------------------------------------------ |>TARGET AT SUPPORT LEVELS. >R1 - 1.0711. |>S1/T1 - 1.0620. >R2 - 1.0764. |>S2/T2 - 1.0533. >R3 - 1.0793. |>S3/T3 - 1.0496. ------------------------------------------------------------------------------------------------------------------------------ CONCLUSION :- ------------------------------------------------------------------------------------------------------------------------------ > ENTRY AT NECK LINE GO SHORT HAVING POTENTIAL TARGETS SHOWN ABOVE. >ENTRY STRATEGY, CALCULATE THE PIPS FROM NECKLINE TO BIG HEAD WHICH IS 174 PIPS,SUBTRACTING 174 PIPS TO NECKLINE WHICH IS 1.0640 - 174 PIPS WHICH IS 1.0480. >HENCE SETTING A TARGET TO S3 IS MORE RELIABLE. ------------------------------------------------------------------------------------------------------------------------------