ShamaelThallavi

ShamaelThallavi

CADUSD is in uptrend and its is trading just below a key resistance zone marked as pink rectangle in the chart. If the price breaks to the upside and and generates any buying sell or retrace back to the same level after breaking to the upside, we will have a good buying opportunity with a healthy R:R ratio of minimum 1:1.75 .So keep this pair in your watchlist...

ShamaelThallavi Updated 

EURJPY was in an uptrend and know it has reached the trendline and its below the trendline.I am selling it with as potential R:R of 1:3 based on following reasons. 1)on H4, it has produced two selling singles one is the shooting star at 144.690 and bearish engulfing candle at around 143.000 2)on Daily timeframe , it has also produced a shooting star at...

ShamaelThallavi

GBPUSD was in downtrend for quite sometimes . Last week it reached a key level of 1.21100 but couldn't broke through. Currently it is hovering around this level . We can see divergence on RSI which means that we might see a trend shift in the coming days. So we will wait for the market to generate a confirmation like HHs and HLs. If it does so we will take long positions.

ShamaelThallavi

NZDJPY has broken a major resistance of 83.000 few weeks back and last week it has retraced back to this level again .Now this area is expected to act as a strong support . So it could be a good buying opportunity.

ShamaelThallavi

EURGBP is currently in uptrend making HHs and HLs. It has retraced back to the previous low which could be a good entry point for us .