davinderaulakh

davinderaulakh Updated 

eurgbp is staying on the weekly resistance lvl from last 2 , 3 weeks . it has not managed to stay above and break down yesreday. i will be looking for short oppertunity on 4 hour time frame upto the daily trendline. one other thing is that on weekly timeframe market is range bound from a long time. if we manage to break the trendline we can expect it to test the...

davinderaulakh Updated 

the market has broken the weekly trendline downward and retested it. also it is moving down under a trendline. we are below 200 ema daily. it has tested twice the trendline and was rejected both times. if it test it third time and price action give us bearish reversal signal i will be shorting it as there is a downward potential

davinderaulakh Updated 

we can see that gold is in downtrend . it has made an triangle on 4 hour . i am still bearish in weekly timeframe . i am expecting it to go down upto 1200 or lower 1194. this area is a strong weekly support zone. so price may be or bounce back. go short next week when triangle is broken and retested

davinderaulakh

we are approching weekly resistance again . last two or three times we have bounced from this lvl but thats was due to the fact that all these times the 200 ema was acting as dynamic resistance right at the weekly resistance lvl. but right know as we are again near the resistance , we are above the 200 ema. which can act as a support. so basically i am looking for...

davinderaulakh

usdcad has broken weekly trendline downwards with good momentem. we can look for shorts on the retest of broken trendline or when market retraces upto 0.618 fib lvl marked in yellow box. before opening a position please check price action for a bearisg signal

davinderaulakh

gbpchf is consalidating on weekly chart after a long term decline. it has tested the trendline coming down. although it breakout of it last time but market was not able to hold the breakout and fall back inside the trendline. though the breakout was failed it was unable to make a new lower low. know we are approching the trendline again, if we breakout we have...

davinderaulakh Updated 

gbpaud is in the middle like a no man's land there is a weekly trendline coming from the lower side and on the upperside is the weekly resistance marked as yellow box in green lines. now these two points are the hotzones for trades, but to reach there it can take some time. so, what we shall do untill then. right know the market is consalidating between 200 ema...

davinderaulakh Updated 

well , right now the eurusd is standing at a strong weekly resistance. actually the market is moving in a chennel on weekly timeframe for a long time. and from the past market has bounced from the lower trendline but has not able to break the resistance and go up for the upper trendline. right above the weekly resistance there stands the 200 ema which acts as...

davinderaulakh

eurjpy is in a nice uptrend , it become range bound near a weekly resistance for some time but know it has broken upward with a nice momentum. we can find an opprtunity to go long on retest of range or if a higher low is made. to find an entry keep an eye on 4 hour time frame. keep in mind that before testing the range or making a higher low it can move up fr a...

davinderaulakh

right know the weekly trend is not so clear but we are above 200 ema both on weekly and daily chart so i am bit bullish right know. if market retrace to the yellow zone and price action gives some bullish signal i will try a long. as the ema and trendline can as support

davinderaulakh Updated 

we have broken above the weekly resistance and printed a very strong weekly bullish candle. if we go back in time on weekly chart , we can see that we were in retracement of upward mve which is over and we have again started moving up. so next week i will try to find buy oppertunities . the first lng can be initiated on the retest of broken resistance . but only...

davinderaulakh Updated 

here i am posting the weekly chart. do you see , what i am seening? yes, you are right . the big bullish candles on weekly fast approching the 200 ema and a weekly ressistance lvl. i am bullish in it as we can see there was an uptrend and then we get retracement. know that retracement is over and we have started next uptrend. i will be trying to find a long...

davinderaulakh Updated 

audusd is right know in a neutral territory. i will explain it. right know market is testing a weekly resisitance from which it has bounced many time. it is very strong lvl. although if market bounces from here and produce some good bearish price action which we can expect to go upto the weekly trendline which i have marked with arrow. know the thing that is...

davinderaulakh Updated 

we know that oil has taken support at weekly support level and going up. it can be a correction of donward trend. right know we are making higher high and higher lows on one hour. as oil going for a higher low on one hour i will be looking for bullish price action at last swing high which will act as support know. and aim for the green line for a higher high

davinderaulakh Updated 

as we can see that market is in downtrend but we are approching a weekly support zone. i will wait for the breakthrough ofweekly level and retest. then we can go short , as there is plenty of room for downside. one other thing why i am bearish because we have broken weekly channel , and smashed through 200 ema like a hot knife through butter.. i will post weekly...

davinderaulakh

as we can see that this pait is in a nice uptrend i will look for some bulish price action at the yellow zones to go long after the pullback.

davinderaulakh

as the audchf is in a downtrend in 4hour timeframe i will be looking to sell it in after watching some bearish price action at yellow zones.

davinderaulakh Updated 

i am waiting for good price action to sell the usdjpy in the resistannce zone. i will be targeting the gap maked by market last week as well as bottom trendline of the channel. sl will be according to the entry and little above the resistance zone. all the take profit areas are marked with arrow.