Daily is in Bull trend, but at 4H time frame the market is in range bound. If a 4H candle closes above 83.1575, then bull will be in control. The risk : reward ratio is 1:2.68 to 1:3.58.
In weekly the market is in Ascending triangle pattern. where the current market price is at weekly resistance. In daily time frame there is change in trend(from bull to bear) formed by double top neckline breakout, so the market is expected to fall further till the weekly ascending trend line(support). After the DT neckline breakout now the market is in retest,...
In this video I have covered the possible move in USDINR, GBPINR, USOIL. If there is any breakout confirmation I'll post the videos again.
CMP is at weekly ascending trendline. Daily there is a bull swing, and 4H a descending triangle pattern(market retest in 4H). If a 4H candle closes above 105.6653 can go for buy. The SL & target level are discussed in the video.
Hi traders, Ascending triangle pattern in Weekly timeframe. The current market is at Weekly support, if a 4H candle closes above 82.1400 can expect a bulls in the market. The risk : reward ratio is 1:3 which is a good trade. Fed meeting is on 26 July 2023, and expected to raise the interest rates by 0.25.
The ascending triangle pattern in a weekly timeframe is still active, last 2 days(24 & 25 July 2023) was a SL hunting. The FED news will impact the INR, making USDINR to be bullish.
4H time frame : Inverted H&S pattern, neckline has broke and the target is 82.8210. This is for a aggressive traders D time frame : Daily candle has to close above the LH level 82.2025 for the conservative traders. Weekly time frame : The Ascending triangle is still valid pattern. Have explained the Protective PUT strategy for those with the lesser capital and...
There is a swing in Daily time frame. The swing is already in move, but not to worry. There is a ample opportunity to trad within the Daily's Resistance and support explained in the video. Once the 4H candle closes above the 106.2834 level, look for the swing or patterns in the any lower time frame from 4H and trade(be bullish) your targets reaches or the daily...
Weekly direction is still indecisive. But in daily there is a formation of Descending triangle pattern. Wait for daily candle to close above 72.63. A small bull run in daily time frame. Target :: 81.66 SL :: 66.86
The gold is still in the control of the BEARS, now it's in the correction rally. If a 4H candle closes below 1910.35, the BEARS will dominate.
1932.14 is a critical level in gold, if a daily candle closes below 1932.14 can expect a strong bears in the market. The market can fall up to 1875.37 after daily candles closes below 1932.14.
There was a descending triangle breakout, we can expect a gold to fall more by 22 $ further. Have explained on how to trade on the descending triangle pattern as well. Please post your suggestion or feedback or doubts in the comments section & and do support on YouTube as well.
hi fellas., The previous descending triangle pattern in 1H time frame SL has hit, which turned out to the DT in daily time frame. Now in daily, if the DT neckline breaks can expect the bears in control to hit level 1890.19.
There is a double top pattern in daily time frame and currently the market price is below the neckline. If the Daily candle closes below the neckline expect a BEARS in gold. The gold can bounce from the support of ascending trend line/support and go for the impulse from there
After the 4H range bound breakout, a big bull rally happened but the daily High(2048.79) wasn't broken. now in 1H time frame there is a bull swing, if 1H breaks 2045.52 then we can expect a small bull run. risk reward ratio is 1:2, but now the market is at monthly resistance where selling pressure was high at 2020 & 2022 so trade with low risk and tight SL.
In the attached link I have explained swing in 4H/1H , after the 1H breakout market went to re-test. add more position if possible and hold till the target level mentioned in the video. risk reward ratio is 1:3 Have a tight SL.
hi traders, The 4H symmetric triangle has changed to range bound market now. Looks like something big has been cooking from past 8-10 days. The ascending wedge & head & shoulder pattern breakout level is 1981.71. This 1981.71 is a crucial level in daily time frame. Expecting some volatility based on news tomorrow. Forex Factory :: www.forexfactory.com
The gold is moving in a range at the top of the symmetric triangle in 4 hour time frame. At 1hour time frame, there is a Double top pattern, wait for the neckline breakout, once the neckline breaks the sell will be bit aggressive till the support of the 4H triangle. On the counter part there can be a symmetric triangle breakout, if the symmetric triangle breaks...