Nifty future and banknifty future analysis and intraday plan in kannada. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
EURUSD continues to hold below the important resistance at 1.0940. We are watching for a continuation of the uptrend and heading towards 1.1080. Before that, it is possible to see the correction develop and reach 1.0865. A pullback from these levels would provide a good ratio and entry reason. There is a speech by Powell today! An important support level is 1.0800!
Gold broke lower under our support level(1955). Support will now become resistance. gold will sell off from 1955 to 1939. Monthly candlestick pattern will play out. Gold will likely go back to 1880s.
As the WTI or US Oil is on a sideway movement, it creates fantastic trading opportunities for counter-trend traders like myself. There are 2 approaches I'm looking at in the following week. A Bearish Gartley Pattern at X, a shorting opportunity on the 8-range bar chart, or a Bearish Bat Pattern on the 4-hourly chart. The important candlesticks confirmation on...
If you had read last week's analysis, you would know I've been waiting for a buying opportunity on Major Support. Now that the Support has broken, I'll be waiting for a shorting opportunity, and what is needed is a retest of previous support(1.3305), which turns resistant. A better way for me to engage the shorting opportunity is to wait for the Bearish Shark...
Finally, with a violation on the GBPUSD Weekly Chart, trend traders can now long the GBPUSD at ease. I will wait for a retest at 1.2696 on the GBPUSD 4-hourly chart for a buying opportunity. If you are waiting for a counter-trend trade, the safest way is to wait for a violation of the red trendline(left). Then wait for the retest on the red trendline. You have...
I'm waiting for a shorting opportunity on the EURUSD, and the best trading setup I could be waiting for is the retest of the previous resistance at 1.0960 on the 1-hourly chart. If you are waiting for a buying opportunity, the support level on the 4-hourly chart, 1.0863, could interest you. What is your trade plan? Comment down below.
The three most important news have passed this week. This led to 200 pips current rise and confirmed the trend reversal. We’re currently at key resistance level-1,0940. We will look for another buys after correction, the goal will be reaching 1,1080 and breakout.
Yesterday FED didn’t surprise the market as kept interest rates unchanged. Today is ECB’s turn, which is expected to rise it by 0,25. Technically EURUSD is in an up trend which we expect to maintain. Upon another rise, the next resistance is at 1,0900.
Entry Price: 1956.945 SL : 1984.00 TP: 1906.00 I tried to make a downtrend flag pattern by support resistance breakdown.
USDZMW looking forward to continuation of the down trend after the market mitigated some of the imbalances on the highs. Markert made a bullish engulf candle signaling a good sell off probability which is currently being tested and mitigated. Currently the Zambian economy is facing a form of uncertainty as it has not yet successfully come to an agreement to...
We can notice the formation of a bearish Gartley pattern, a reliable harmonic pattern signaling a potential reversal. Adding to the bearish sentiment, we witnessed a bearish engulfing candlestick pattern, providing further confirmation of the impending downward move. Moreover, both the oversold RSI and bearish divergence support this bearish narrative. Now, let's...
The first important news of the week coming up today. We continue to look at the H1 trend reversal and buying opportunities. On confirmation after the news and a good ratio, we will look for an entry with an initial target of 1.0940. It is still possible to see stop hunting below the previous low of 1.0730.
EURUSD retraced to the 38.2 and formed a morning star. Price then broke through a strong resistance. The 1H is looking to re-test support. I will be looking for indecision and reversal candlesticks on top of the daily support or the prior high which is near the low & 38.2%.
The USDCAD is on the Key Support Level on the Weekly Chart, Daily Chart, 4hourly chart and 1-hourly chart. This is unique because if you had used our definition of breaking of structure, you would have realised that the support wasn't broken even when the market had come down for 92pips on the previous low but failed to close below it. The support level that I'm...
AUDCAD has a unique setup that I'd not seen before. We have shark patterns from the Weekly chart to the 1-hourly chart. This is a clear sign of sideway increase volatility, a situation I DID NOT trade when I started trading 18years ago, not until I found the Shark Pattern trading strategy 12years ago. I'm more comfortable waiting for the Shark Pattern form up...
Hi Traders! PLEASE SEE LINK TO ORIGINAL IDEA BELOW. Our AUDUSD range zone is working perfectly. Since we had the pin bar morning star reversal candle to get back inside the range zone, the bullish momentum looks to be heading to the range resistance at 0.68183. This was a great setup as the potential reward was far greater than the risk. We will continue to...