Bullish Gartley is about to form in EURUSD 4hr and as the B point of pattern being deep, we are going to have a Good Risk :Reward in this pair if we chose to go long. Probably Gap down/Gap Up is also possible on Monday, Let the Market decide what its gonna offer us and we should always stay humble & accept the fact - Market is always Right. Lets wait till Monday...
Today we got two potential patterns forming in GBPUSD one after the other. Bearish Bat which is about to complete soon and Bearish Gartley which is big will take some more time to complete. Its all about what are your rules about handling these situations, Whether to trade both patterns in GBPUSD as it completes or choose one. What does your trade plan say ? I...
We got a Bearish Cypher which offers us better Risk:Reward compared to the usual ones we trade. Some may have noticed earlier and got into trade and if you haven't then here is your chance still valid to enter the Trade with lesser Risk. Choose your Stops and Targets wisely according to your Plan. Hit Agree if you like the Idea.. Share your views/opinions in...
Double Top Formed right @ Previous Resistance ( Current market now ) Chance for short opportunity, as there is wick forming resistance some wont prefer as valid DT So decide as per your trade plan whether to Trade this idea or not Hit Likes / comment if you agree with idea. Thanks.. Happy Trading !
A perfect double top is formed in the resistance zone itself. Q4 results are coming on Monday ( 18.04.2016), so keep a note of it and trade accordingly. If all goes as our study , we are looking for 100pts downward move. Trade Safe ! Happy Trading !
Happy Vishu :) Note : Gap up happened previous day (190's - 191's ), so market will expect to fill the gaps and as expected if it fills the gap, it will be in our marked zone for Buy. This trade may extend for a day or so if market movements are little slow. Though its risk:rewards little more than 1.1, its good trade as per my trade rules. Follow your Plan,...
The formation of descending triangle in USDJPY started from last week and still price is ranging within the triangle, we may have a breakout soon. Descending Triangle - Enter the Breakout Entry - Breakout direction Stops - Either the other side of Trendline or ATR based Targets - Height of Triangle Check your Risk:Reward before entering the Trades. Hit...
EURUSD is about to form bearish bat pattern on Daily timeframe and if the bat pattern gets complete as we have predicted it will be right place to go short. We can also note that RSI condition being oversold, so it adds up to our confidence that bearish bat works in our favour. Being on daily timeframe this trade may take time for completion, so traders who can...
Hey Guys, We can interpret from above chart that AUDCAD is moving in the marked channel zone for sometime and it came right against the Resistance zone. Am expecting channel to Breakout on downside bcos price action is bearish if you check at 4hr timeframe. Still anything can happen but I will be looking for shorting opportunity as AUDCAD breaks the...
HINDUNILVR is ranging from 2015 and formed good descending triangle and we can notice that there are 3 touches by price on both the trendlines of triangle. Measure of Triangle is about 200 pts , So when we fix targets we can expect around 200pts and this is Medium term trade idea, so this can take time to breakout and trade can progress over few months after we...
GBPUSD is forming descending triangle for past few hours and consolidating. Possibly this can consolidate till Non Farm Payroll comes out but anything happen. It can breakout either side bcos the triangle patterns can break any side. For Targets we measured widest distance of the pattern, stops choose as per your plan. Hit Likes for Agree... Comment Your Views..
A Valid Symmetrical triangle formation with more than 3 touches on upper trendline and 2 touches on lower trendline kindles our interest to watch this for Breakout Direction. Almost from start of this week GBPUSD consolidating within the triangle and with the volume decline, Am expecting a breakout soon. Hit Likes for Agree... Comment your Views... Happy Trading !
AUDUSD forming Bullish gartley and now we are nearing completion of CD leg. My orders are in place, lets wait to get filled... Happy Trading !
In AUDCAD currently the market is forming CD leg of our Bearish Gartley pattern and if it completes at D as expected, a good shorting opportunity will come up. Am waiting for the markets to complete the CD leg of our Gartley Pattern. Check Ur pattern ratio's before initiating any trades. Hit Like for Agreeing... Comment your views... Happy Trading !
NZDJPY is moving toward Bearish bat completion D point If you are checking RSI its oversold increasing our confidence level and when price nears D point it may be well above 70 This is just an Idea, Short only if it suits your plan Hit Like for agreeing... Comments are welcome... Happy Trading !
Support turned Resistance zone from 1.0890's to 1.0870's so as per my rules going short in this zone. Yet to get filled
Hey Guys, Lets start off the week with XAUUSD as it formed a Bearish Gartley Pattern which is really deep and the candle close is yet to happen beyond X,so as per My Rules its still valid. Check your entry conditions and ratios for the bearish Gartley and Enter if that suits your Plan. Hit Thumbs Up for Likes... Comment your Views... Have a Good Trading Week !
We all know from recent news that ENGINERSIN is oversubscribed by more than twice with Government's recent disinvestment plan. This is Fundamental News,Lets see how we are going to convert this fundamental news into a Valid Buying Opportunity with Technical Analysis. Article Here : www.thehindubusinessline.com 1) Bullish Cypher Pattern completion 2) Double...