Now sitting on resistance, lets see what the eastern brings, if resistance holds and we see consolidation, this may be something we short tomorrow, EJ also on resistance after failing to set new highs.
GBPAUD H4 - Finally approaching that support zone we have been waiting for, might see this play out during the eastern, but will be up early updating this to see if it can be taken ahead of the EUR/LON open.
GBPCHF H4 - No real market movement from when we posted earlier, few wicks upside and downside but generally still hugging that 2.00 handle, waiting to see if we reject and selloff back to support or break and retest. Not sure how much the GBP has left in the tank, CHF didn't move too much after todays antics either.
GOLD - Currently in a no trading zone from 1938 to 1947 Approach should be wait for the breakout on either side. If buy triggers above 1947, Stop loss should be 1938 for Potential up move 1954 - 1968 If sell triggers below 1938, Stop loss should be 1947 for potential downside 1925 Buy as per the level mentioned in the chart or I have written it here for your...
Currently for a forex pair, I am actually long on the USDCNH. Given its past bull run, the correlations have been mostly bearish likely targeted by panic selling over warranted negative sentiment. That being said, I think it is starting to retest positive. Please keep in mind, everything I say is on an opinion based basis. Please proceed with caution and invest at...
GOLD - It's trading on a verge of triangular corner, Hopefully we can see some up move in the next few hours, It's strongly holding the support zone. Minor stop loss is there for 100 pips take lots as per your risk taking capacity. Follow the levels as mentioned in the chart. Traders, if you liked this idea, hit the like button and write in the comment...
Price made a retracement yesterday and Im expecting to keep falling till my key support zone. (Daily Time Frame) Will gt this bearish momentum ⏳📉
GBPJPY - As long as it's trading below the STOP & REVERSE level, it will remain bearish , One can go for short sell here @ 139.090 for potential downside target mentioned in the chart, Above STOP & REVERSE it can fly up to 141.320 Follow the levels as mentioned in the chart. Cheers...Happy trading !! Traders, If you liked this idea hit the like button and for...
Refer the chart for detailed analysis ; GBPCAD - Trading on a positive bias, holding strength on 4HR candles, Go buy at current price for the stop and target levels mentioned in the chart. Cheers...Happy trading !! Traders, if you like this idea, hit the like button & write in the comment section. Thanks !!
GBPJPY H4 - UK PMI data was positive, along with retail sales data before the session had even kicked off. Looking to see if we find support around 138.850, we could then look to trade back up to resistance.
GBPCAD - Wait for the rectangular box breakout, buy above the mentioned level on the chart. TARGET & STOP IS MENTIONED ON THE CHART FOLLOW STRICTLY All the best cheers ....Happy trading Traders, If you liked my analysis or have an opinion about this given levels , write in the comment section. Thanks !!
GBPUSD reached a minor support on the 15min chart (marked in green), The lower support and resistance are marked in bue. Should GBPUSD post a 15min close above the green line we may see some corrective gains towards 1.3220. The analysis is intentionally kept simple. Most of the recent volatility across global markets is due central banks' monetary policies and...
We have a bulish falling wedge pattern, a double bottom and a breakout and retest with confirmation of the double bottom.
Refer the chart for detailed analysis ; GOLD- Facing a tough resistance at this point of time. Potential downside target 1926 Stop & Reverse 1949.80 All the best cheers ....Happy trading Traders, If you liked my analysis or have an opinion about this given levels , write in the comment section. Thanks !!
EURUSD has been largely affected by the rising cases of covid-19 in the US as well as central banks' monetary policies. What has kept USD Weak is the US stimulus that is stuck due to disagreements between the Republicans and Democrats. Based on the 4hr Chart it appears we may see some USD strength as the upper resistance is holding. The initial target is 1.1830....
Refer the chart for detailed analysis ; GBPCAD - My analysis for the next week is based on the levels mentioned. So for now it's neutral. BUY & SELL entry levels are mentioned in the chart with the potential upside and downside move. Maintain proper risk reward based on your risk appetite. Meanwhile I will keep update about the DAY TRADE VIEW, so stay tuned....
Refer the chart for detailed analysis ; GOLD - Gold trading on the verge of positive breakout on hourly candles, momentum is stronger and it's sustaining above the trend line from the support as well, Buy is good above the level of 1948 for a potential upside up to 1956 - 1962 Cheers ....Happy trading...All the best Traders if you liked the idea or have any...
Refer the chart for detailed analysis ; EURCHF - Strong positive breakout is there on the hourly candles. Potential upside target 1.07870 All the best cheers ....Happy trading Traders, If you liked my analysis or have an opinion about this given levels , write in the comment section. Thanks !!