About meAaritech simplifies trading by Creating simple strategies using most widely used indicators and price action methods , and then developing Expert Advisors to auto trade them for hassle free , emotion less , efficient trading .
We can notice overextended bullish price movement in CADJPY on weekly chart , and currently a slightly bearish descending channel may offer some resistance ,
for now we will be looking at potential sell opportunities in CADJPY pair , we recommend to avoid being bullish on pair unless price moves above the resistance and consolidates the gains in coming weeks..
We can notice that price is trading in ascending channel pattern, being rejected multiple times from resistance area , we expect that break below ascending trendline price may move lower to test 1950 level support area..
wait for price to break below support , as price may continue lower , wait for new setup if price moves above current resistance as setup will be invalidated and we will have to look for further confirmation for potential sell setup..
EURUSD trading below parity have possibility to fall further , unless there is some strong hawkish actions from ECB , overall techinically we are in descending channel pattern , with possible sideways movement on pair till ECB meeting ,
whereas break above descending channel could surely uplift the sentiment and move pair above parity with...
In weekly chart price is overextended and retracement seems due ,
in lower time frame we have potential rising wedge pattern , where price is rising inside trendlines , for a sell setup we may wait for price to retest top of range or else break below current range can be seen as potential sell opportunity.
Potential long on eurusd as in 4 hr chart 20ma crossed above 50sma , and supertrend is about to change bullish if price manages to break above current resistance ,
weekly chart also suggests bullish pullback from descending range trendline below price .. towards potentially 1.08 level..
Price may continue fall towards retest of 20 DMA and lower towards 50DMA on break below and retest of 20DMA , as price action is overextended bullish with possible bearish divergence in overbought levels in our oscillator.
Look for sell setup as per your strategy...
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Price is trading sideways and has retested many times horizontal support, with todays FOMC meeting minutes we expect volatility in gold price and potential of price breakout towards the downside....
in order to benefit from current scenario we can PUT options at 1920 strike price or below to get good RR and maximum risk of 2.20 euro per lot ( multiplied by...
Current setup is non directional , that means we are expecting strong move on Friday and NFP event..
Options are best way to trade NFP and other important events..
we have bought CALL and PUT options both on intraday with low risk... and we will after NFP decide to close early or wait till expiry.....
GOLD 1926 STRIKE INTRADAY PUT OPTION
buying 4 LOT...
Pair seems range bound with potential bullish breakout , however currently we may see AUDUSD moving lower towards retest of FIB levels near 0.7350 zone.. SELL towards support. unless price doesnt makes new highs
Hello Traders ,
today we expect USDCAD to remain bearish as price has broken below ascending trendline in daily chart , and in weekly it seems clear breakout of uptrend , so maybe we expect price to move further down :
In order to trade current analysis which is that price may remain bearish and close below 12470 at our options expiry we have created 2 legs...