As per previous update...EU bounced exactly to 1.1065--1.1070 zone making a high@1.1072...Started Falling Going Below 1.1050...Made a low@1.1037...In present situation if it starts moving above 1.1063..Then EU can bounce in the zone 1.1085--1.1090...Key Resistance -1.1098...or we make a new low@ 1.1015--1.1000 zone Regards, Abhishek H.Singh, CMT
As per previous updates--"Can EU double Top Make Nifty Fall" & "Invalidation Level-8595" ....The Level 8595 worked like a magic wand...after a long time & market tested patience of all bears for these many days...It showed some relief sign by slipping 80--90 points from top..I am fortunate & thankful to almighty that we figured out the weak zone 8580--8590...&...
As per previous update- EU- 3rd of 3rd of 3rd..Update ...It was mentioned that EU shall bounce from 1.1037 to 1.1085--to 1.1095 keeping below 1.1105(Key Level)...Safe movement shall be above 1.1063...well we got 20 pips ..EU makes recent session high@1.10839...& Took a U- Turn....It has also dropped below ..1.1070 mark ...we shall wait for 1.1037 to 1.1035 range...
India Nifty—Zero Error Vernier Caliper…99.99% Strike Rate….(90--100 Points Plus ) Today’s strategy actually remind me of a precision instrument which we used in our school days called “Vernier Calipers”—because of zero error which we used to get as compared to metre scale & this instrument used give readings well to mark 1/100th of cms…Vow… Coming back to India...
Prices looks like it thrusted out of a triangle in downside direction to kiss the zone 1.1005--1.1015 as per previous update-" EURUSD--3rd of 3rd Update-2". EU is trying to form a base in the current zone 1.1005--1.1015 ...Momentum is reducing..Sooner or later we shall look for bounce in EU..in the zone ...1.1080--1.1090 where it will retrace 50% or 1.1100--1.1110...
Hi, If you have a sweet tooth...this could be exciting for you...Gulab Jamuns(Indian Sweet-Check Wikipedia for Images) are really mouth watering & how one can miss that-I really wonder sometimes...The only problem is-we should not eat too much which is valid in all business...I compare Bearish Cypher to a gulab jamun trade--whose D-leg is almost done in the range...
EU could bounce in the zone 1.1055--1.1060 where ii-blue wave shall end... .i-blue wave ended at 1.0999...had a small rally in the form of a-wave & sharp fall in the form of b-wave -making a new low@1.0981...I am looking for a bounce in the zone 1.1055--1.1060 once it crosses above 1.1023-a wave top ...zone 1.1080--1.1090 shall give resistance to EU--if it...
The move from 1.0981 to the high 1.1047...we missed the zone by couple of pips (expected was 1.1055--1.1060 zone)...let us not bother because what we are going get now or in evening U.S...session ...will be amazing....Let us take short below 1.1000...EU...I am going to be your chef...looking for 1.0700--1.725....could be 3rd of 3rd of 3rd ---My God ...EU--is...
As per previous update--"Bearish Cypher & Gulab Jamun(G.J.) Zone 8560-8580"....Nifty opened very close just missed the X-wave Top ...& our Bearish Cypher Intact--Valid...Mouth Watering Gulab Jamun...I really enjoyed...wasn't that sweet after yesterday's boring day....Safe Traders Got a bit from 8530 to 8505...but we should be happy for getting something... ...
Kissed the target in correction ....finally target zone ...1.1055--1.1060 was kissed ..session high@1.1059...Awesome.. Look the spike candle ...making high@1.1059 Be Ready for the short...below 1.1005... Regards, Abhishek H.Singh, CMT
EU has started downside as expected....This move has to be extremely volatile & straight down to give us the confidence-- what I have been looking out in EU since ...Update-1.....Current Price -1.0999...I am looking for iii-wave to be done at 1.07550 -where it equals 161.8% of the i-wave...Our Resistance is 1.1107 + 2 ticks... Regards, Abhishek H.Singh, CMT
There is an alternate count because of events lined up...so be careful as per alternate count we may first hit 1.1080--1.1090 zone going above 1.1012...so it is advisable to take short as per update-7 below 1.0970...Regards
As per previous update-- I am waiting for a pull back in the zone 8550-8570--which is my sweet spot (Gulab Jamun Zone)..Hope so we have that much appetite & can digest one more ..but have patience...I learnt this lesson of "having patience" in almost 7-8 Years....On a lower degree we have formed a bottom@8490...Here onwards...we shall look for a bounce in the zone...
The Black Day of March 2015--was the high for dollar index@100.71 & Low in EURUSD was 1.04....since then they all are tracing corrections which turned out to be complex depending on their earlier trending moves...EURUSD has traced triangle-which confused everyone & might have taken you also atleast once by surprise in this 1 year period-which is a sign of triangle...
We have come across another resistance & channel top for India Nifty@8550...Any movement below 8490--8480 zone shall trigger downside movement...EU(EURUSD) has already consumed 20-21 Days in consolidation post Brexit...Looks like it is in topping process in the zone 1.1120--1.1130 which shall be confirmed once 1.1015-1.1000 zone is broken & EU slips fast in...
Post Brexit EU travelled in very complex manner but still we managed to get 345+ pips running profit. The Fall from 1.1428 to 1.0911 on Brexit Day was scary & everyone started thinking that EU is going down deep but unfortunately financial instruments never move in straight line otherwise every one of us would have been a millionaire by now. Hope so this dream...
EU short entered in the range 1.1135--1.1145....Booked 80--90 pips for weekend party...enjoy.... Regards, Abhishek.
As per previous update--yesterday I suggested for selling in the area 1.1135--1.1145...we got filled ...our target shall be the box & B2...at 1.1040--1.1045.....Regards, Abhishek