Bearish View _ MRFMRF form BAT pattern on weekly TF also it has resistance on PRZ levels
SELL RANGE 75847-75669.70
T1 73096.7
T2 71492.35
T3 70195.75
SL76300 WCB
Harmonictraders
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
We do not see any possibility of strong price move today from this instrument. Our bias is neutral for this pair.
GBPUSD LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.26303
TP: 1.32675
SL: 1.21663
Bias: Long
For this instrument our bias is long and we are looking for a suitable entry position to catapult a high probability trade.
EURUSD LongTime Frame: 4H
Symbol: EURUSD
Entry: 1.07387
TP: 1.11710
SL: 1.04582
Bias: Long
Our bias for EURUSD is long today. Our technical study reveals that the bias for this instrument for long entry is a bit stronger today.
XAUUSD LongTime Frame: 4H
Symbol: XAUUSD
Entry: 1863.707
TP: 1980.138
SL: 1766.681
Bias: Long
Considering the current price action model our bias for this pair is bullish today . We think gold will be a little bit stronger against its counter symbol.
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
Currently the price pattern of this instrument is not tradable as it is staying in a state of indecision. We have to wait for a few more days to get an edge for this pair.
Banknifty analysis Short banknifty near 35900, for 300 points target towards downside. Sl will be 36020.
JPYUSD LongTime Frame: 4H
Symbol: JPYUSD
Entry: 0.007879
TP: 0.008149
SL: 0.007665
Bias: Long
For this instrument we are bullish too but the momentum may not be up to the mark and therefore the strength of the signal is weak.
GBPUSD LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.25719
TP: 1.31568
SL: 1.22456
Bias: Long
We are bullish for GBPUSD. For the time being , the pair is going to move a bit up before having any significant trend drawdown.
EURUSD NeutralTime Frame: 4H
Symbol: EURUSD
Bias: Neutral
We do not see any strong directional bias for this pair. Our goal is to wait and look for a better opportunity.
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
We have a neutral position for this pair. A deep technical and fundamental studies of this instrument reveal a bearish bias and therefore we are chalking out a plan for entering short.
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
Current price pattern is very significant for the day traders . Not all patterns are equal .Sometimes it is wiser to stay out of the market and wait for a right opportunity. We do not see any high probability set up here.
CNXITPREVIOUS PATTERN
AB=1.272CD Failed
this is Alt AB=1.618CD
Before you going to buy IT stocks You must see NIFTY IT
Entry Points :( 26211.50 )
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
For this instrument our bias is neutral today. We do not see any strong directional bias.
GBPUSD Short Time Frame: 4H
Symbol: GBPUSD
Entry: 1.25141
TP: 1.19529
SL: 1.28952
Bias: Short
We are planning a selling opportunity for GBPUSD. Currently the volatility structure does not show very much promising .However, we can expect a mediocre sell trade.
EURUSD Short Time Frame: 4H
Symbol: EURUSD
Entry: 1.06691
TP: 1.01926
SL: 1.09808
Bias: Short
We are planning a sell trade for this instrument. Our goal is to to short from the resistance and take the the opportunity of price correction.
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1852.145
TP: 1752.506
SL: 1920.319
Bias: Short
For this instrument our major bias is short. There is a possibility of dropping from the current price level. Provided that the conditions are in favor, we can expect a sell trade from the current pattern.
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
For this instrument is neutral today. And we want to keep aloof from entering a new trade till a positive market situation is created.
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
We think the current price action ,volatility and the trend do not support any directional bias. The price pattern shows a stagnant position and we have to avidly wait for a next valuable opportunity.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
We are neutral for this pair too. After reaching 20 year high ,the dollar has led the trading game to a new paradigm. Now there is a critical area where another directional journey might be set. But we are not ready for it yet.
EURUSD NeutralTime Frame: 4H
Symbol: EURUSD
Bias: Neutral
For EURUSD we are neutral and we do not expect any significant price move in any direction. Our goal is to wait and see before going to any significant decision.
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
Currently we do not see any significant market bias. Our study does not reveal any meaningful insight or profitable information that can be used to signal trading.
