Nithya_Jayachandran

Nithya_Jayachandran Updated 

Its a Buy. Awaiting till pullback area. For 1H trade, enter ONLY after 15 minutes bullish engulfing For 15 scalp, enter either based on 5 minutes momentum shift or bullish engulfing. NO FOMO and anticipate the market move around the pullback area. Keep tight stops as mentioned. Again why is it a Buy ? Week level TF - Its at the previous HL. Day level -...

Nithya_Jayachandran Updated 

XAUUSD Decision time. IF BUY : CONFIRMARTION : 1H close should sync with the 4H close above 1790 range ( more preferable set up as the current price is at the over sold area but the 1H buy momentum seems to be low ) PULLBACK : towards the 1790 area for discount price ENTRY : At the first bullish engulfing of the miniature exhaustion phase SL : At the...

Nithya_Jayachandran

The price action is favouring short. But, wait for the better price (discount) at the pullback and then short. DO NOT short if the pullback engulfs and closes above the last lower high made in 1H timeframe ( 1810 ) .

Nithya_Jayachandran

1. Wait for trend reversal @ 4H. along with weekly confirmation to avoid fake out as happened in Polycab. 2. Earnings in 14 days.

Nithya_Jayachandran Updated 

If the current swing loses momentum by 100% exit the long, else, go for long till the fair price for short. Counter trend so probability may be lesser.

Nithya_Jayachandran

XAGUSD backtest. Waiting for pullback around 1810 area.

Nithya_Jayachandran

XAGUSD backtest 1 hour. note: this was published around 18:20.

Nithya_Jayachandran

Broke an all-time high and currently retesting. The best price to buy is between 500 - 520 for longterm.

Nithya_Jayachandran

Broke all-time high of 5.5k and is currently retesting. Best price to buy is around 5500 - 5700 for a long term

Nithya_Jayachandran

1) Break out of all-time high (August '18) around May'20 and retested around June 20. 2) New high of 4k was made around July 20. 3) A triangular upward breakout after November 20. 4) Currently it is consolidating between 3570 (lower) and 3680 (upper). 5) Breakout on the upward side gives a target of 4K ( Conservative SL 3500 )