AvinashMudaliar

AvinashMudaliar Updated 

We have good Strong Sell setup on USD/JPY based on Ichimoku and confirmed with Candlestick analysis. Looking for 1.618 extension as a Target 104.275 Stop Loss would be a Candle Close above Kijun Sen

AvinashMudaliar

We have strong supply zone at 47-46.90 usd Stop Loss CB below this supply zone for target 47.55

AvinashMudaliar

We have a Weekly Sell level of 46.85-48 USD Any rejection on this Sell level from price point OR RSI Point should be sold and wait for Free Fall till 39 USD

AvinashMudaliar

Recently we had a Bullish Shark pattern completed with confluence of RSI Hidden Bullish Divergence. We waited for a Price breakout of the Triangle to take an entry. However our entry was not triggered because price broke on downside of the rising wedge during inventory. Now we have formed a Classical Bullish Divergence. We need to wait for a Candle Close...

AvinashMudaliar

WE HAVE COMPLETED THE EXTENSION OF BC AT 1.272 (NEED MINIMUM 1.272) HERE TAKEN HIGH 53.33 AS A TOP BUT EXTENSION CAN GO TILL MAX 1.1618 (THIS IS APPROX 53.79) BASED ON CURRENT TOP D LEG SHOULD TERMINATE AROUND 50.50 (NOT GOING WITH PRECISE LOCATION) BUT JUST LOOKING TO TARGET 113% OF XC LEG HERE. TRADE IDEA:- SELL AT 53.30 (ACTIVE) ADD MORE AROUND 53.80 STOP...

AvinashMudaliar Updated 

TOOK SUPPORT AT 51.82-51.56 ZONE ALSO CLOSED ABOVE FALLING RESISTANCE LINE. NEXT TARGETS ARE TARGET 1 53.93 TARGET 2 55.03 POSSIBLE RETRACE AROUND 53.68 AFTER FIRST TARGET IS HIT STOP CAN BE CANDLE CLOSE BELOW SUPPORT ZONE. FROM ICHIMOKU POINT OF VIEW CHIKOU SPAN IS STILL ABOVE RESPECTIVE PRICE INDICATING POSITIVE ATMOSPHERE. WE ARE ALSO IN SYNC WITH MCX...

AvinashMudaliar

WE HAVE FORMED C LEG NEAR 50% OF ABNORMAL CANDLE ACTING AS A SUPPORT. ALSO THIS C LEG TESTED 61.8 FIB. SO STRONG CONFLUENCE OF SUPPORT. ASSUMING THIS LOW AS A BOTTOM OR UPTO 100% OF XA LEG WE CAN LONG FOR TARGET 18.36 IF TARGET IS HIT THEN WE WILL COMPLETE BEARISH BAT.

AvinashMudaliar Updated 

We have Bearish Pattern in formation. We have completed C leg. Possible Bearish CPB idea is too out of sight now. Faster KUMO showing order imbalance and pointing up showing bulls in favour. Price is out of Cloud. We also have a Candlestick Buy signal from H4 TF. Summing all this up with Output Cut news we look good to test 49USD levels again.

AvinashMudaliar

Crude About to form right Shoulder to complete Inverted HnS Expect to test 50% retracement of recent impulse leg

AvinashMudaliar

Copper on H4 is in process of completing Bearish Bat Pattern. Please refer Chart for the Entry/TP/SL I have included only 1 Target. However if you are interested for 2nd target then draw Fib retracement for AD Leg and take 61.8% as 2nd Target.