GBP/AUD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will...
So I don't have any pairs on watch today, because the pairs that I have in my Top 6 and in my Wildcards list look like they need a tiny bit more development. However I did place a trade on NZD/JPY yesterday which I banked +3.67% on, so a moment ago I made a little trade recap video which pretty much explains my entire thought process before and during the trade...
AUD/CAD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will...
Fundamental Overview
Gold price (XAU/USD) trades back and forth as investors are sidelined ahead of the United States Nonfarm Payrolls (NFP) report. The precious metal struggles to deliver a decisive move as the labor market report will set a fresh undertone for the Federal Reserve’s (Fed) September monetary policy. Preliminary consensus is in favor of further...
Last Week : We continued our distribution above 4570 which is our bigger time frame Resistance area. We have been going sideways building up supply here with a few attempts to continue towards upper part of HTF Resistance at 4666 but were met with selling. Key Support and Key Resistance for the week provided great trades up and down the range. Thursday we trapped...
Below mentioned points are discussed in my post analysis video(Fast forward to 1:01 for Hindi Audio)
-No Trades in the morning
-No Good Volumes in both Nifty & BankNifty
-Scalp Trade shared in Nifty future after 12 was spot on!
-How will i trade when market opens on Monday
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait...
Below mentioned points are discussed in my post analysis video(Fast forward to 1:10 for Hindi Audio)
-No Plans at Open
-No Structured Volumes in 3 mins
-Expiry Trade Shared in Nifty Futures, Triggered & Gave a Move Towards Vwap
-How will i trade when market opens tom.
Considering the inability of gold to break the 1940 range and return from this range, if confirmed, you can enter a long position. The goal of price growth is the range of 1970 and then 1980.
EUR/JPY Long
• If price pushes down to and ideally just below our area of value and it does so structurally, then I'll be looking to get long with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour rejection from it.
• If my entry requirements are not met then I will simply wait until another...
US and European markets came under fire and took a hit in a risk off move after US credit was downgraded. Traders and investors are looking at the bigger picture now as a lack of confidence into the US government as they distract themselves from the bigger picture of actually managing the economy. With a safe haven move up into the USD and and unwind into an...
Technical Overview
Gold price finds some support after printing a fresh three-week low at around $1,940.00 ahead of key labor market data. The precious metal trades below the 20 and 50-day Exponential Moving Averages (EMAs), which indicates that the short and mid-term trend is bearish. Gold price forms a Head and Shoulders chart pattern on a lower time frame and a...
