Akshay15

Akshay15

Looking at previous trends it can be seen that 20 period EMA is acting as a strong resistance level. so one can go short at these levels or hold till trend reverses, remember that trend is still down. there is meeting of EU nations about GREECE exit

Akshay15

it's a great time to go long on GBPUSD pair just look at that break below lower channel

Akshay15

Here it's a great opportunity to go long on gbpusd pair just look at that break below lower channel it can be a great buy

Akshay15

As per linear regression line it's at lower channel line which is considered as oversold level & support line

Akshay15

With price touching lower linear regression channel line one may go long however overall trend remains bearish so go long for short term

Akshay15

One may take short term long position on eurusd as ROC & RSI are in oversold region however long term trend remains bearish so as i said in my previous analysis that unless it holds above 20 period EMA keep on shorting however one can make money by taking long position for short term & as RSI or MACD changes direction go short

Akshay15

One must short eurinr pair on rise till MACD changes the direction to upside

Akshay15

4 hrs, 1 hr timeframe is in line with daily timeframe so one can go long on eurgbp pair

Akshay15

As per 4hrs chart MACD is about to give long call on EURINR pair Yet it's not confirmed on daily chart, so don't initiate long call yet on EURINR

Akshay15

as per 4 hrs chart the EURUSD pair is about to LONG call on the basis of MACD yet the call isn't confirmed on daily chart so don't initiate long call yet Use every rise in eurusd pair to short till it doesn't breaks above 20 period EMA

Akshay15

looking at the MACD EURINR pair is also in strong downtrend

Akshay15

RSI is in oversold zone on top of it prize is also below lower bollinger band so upside can be expected from here

Akshay15

currently as per MACD pair is in strong downtrend so go short

Akshay15

Here I would be talking about how one can use Bollinger bands with RSI . This strategy works more better in volatile markets so using it in illiquid instruments may not be a good idea. You can either go short or long using this strategy. Here how you can use it. Rule for taking long position: when price goes below lower bollinger band & RSI is in oversold zone...