Kautilya

Kautilya

Gold is in Diamond Formation and it will be providing a good buying range between 1185 and 1196 with upside to 1245 or so.

Kautilya

DXY should be able to find some resistance between 89 / 90 range..

Kautilya

A diamond continuation pattern is formed in the downward slide of AUD USD. If the pattern is broken to downward side.. then there is a measured move possibility to .81306 which also comes closer to fib level.

Kautilya

EURGBP - seems to start a new / minor uptrend.. waiting for an entry @ purple - 78077,

Kautilya

Lets keep it simple - lower low lower highs and has broken the 50% of fib of the major bullish candle.

Kautilya

Related to earlier post.

Kautilya

Overall trend is downward. Now for few days there will be a corrective rally and after that, the downward trend will pick its momentum.

Kautilya

AUD NZD is in two scenarios.. if the price bounces from purple horizontal line, breaking the up channel line.. then we will see .. a minor rally else.. if it breaks bottom parallel channel line to downwards.. then.. further decline. Wait and watch for 2 to 3 days.. to get a clear picture. But my bias remains to downside.

Kautilya

Time to go long on USDJPY.. after it touches the trend line...

Kautilya

The current downward swing in EURUSD seems to be have form EW 1 and 2.. and 3rd wave is in progress. If we take into consideration EW naysayers then we have a AB = CD formation LEG AB and BC done and now CD is progress. And the doji formed in between should act as good resistance level.

Kautilya

still in horizontal consolidation zone. and once it breaks 45.94 with strong decisive candle we should see more upside .. upside than initial target of 49.

Kautilya

In its recent election, India has elected a pro-business PM who wants to invest heavily in Infrastructure and manufacturing jobs. Indian stock market have started to rejoice on his election which gives us an opportunity to make money on their speculation of good days ahead. Thats what trading is - speculation / anticipation of good days ahead :-)

Kautilya

AUD still has potential to go up.. a minor downswing and then to .97

Kautilya

Per the chart that was posted 04/04 -- , it met the first S1 and then bounced. Now the next resistance levels are 453.61, 479 and 498 and from these it should again go back lower.

Kautilya

One needs to be cautious @ 479 level..

Kautilya

Limited upside.. with major Resistance levels.. in sight.

Kautilya

I got ahead of myself and made a wrong LONG call. I ignored the obvious and it cost me dearly. It again taught me the basic lesson to evaluate and re-evaluate the trade and few successful trade doesn't mean that I can timed the market.. Its market and I've to adjust to it.. and in past I've adjusted and in future will do.. who will not? :-)

Kautilya

Should give us a long opportunity once it breaks the upper downward sloping line..