DhireshDabasia

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Joined analyst_11
Markets Allocation
60 % forex 10 % indices 30 % other
Top Mentioned Symbols
AUDUSD 20% | 2 EURAUD 20% | 2 USOIL 20% | 2 EURUSD 10% | 1
DhireshDabasia DhireshDabasia EURAUD, 240, Long ,
EURAUD: EURAUD H&S invalidated
31 0 5
EURAUD, 240 Long
EURAUD H&S invalidated

EURAUD 4hr. For the head and shoulder pattern to be valid I believe the down leg after head formation should've gone to the neckline at around 1.3890 (shown by ellipse with question mark). Instead the pair was halted at 200ma confluent with 50% retracement and created a higher low, invalidating the h&s in my opinion. The pair may now respect this ascending ...

DhireshDabasia DhireshDabasia DJI, M, Short ,
DJI: Reversal on the cards for DOW Jones?
119 0 5
DJI, M Short
Reversal on the cards for DOW Jones?

Dow Jones monthly chart. We have an ascending curve (shown in blue) going through major turning points of this index. As the curve gets steeper the acceleration of this index to the upside increases. The index is now retesting the curve for the second time after trading below it from 2009. Very sharp gains as of late may be capped at 21000 which is also a cloned ...

DhireshDabasia DhireshDabasia EURAUD, 240, Long ,
EURAUD: EURAUD to 1.5200
54 0 4
EURAUD, 240 Long
EURAUD to 1.5200

This 4HR EURAUD chart shows a potential cup and handle pattern along with an ABCD pattern where AB leg is equal to CD leg. I have a a target of 1.5200 which is confluent with -61.8% Fibonacci extension and also previous daily resistance from back in April of this year.

DhireshDabasia DhireshDabasia USOIL, D, Short ,
USOIL: Crude Oil short Daily
40 0 0
USOIL, D Short
Crude Oil short Daily

Here we have the daily chart following the monthly. This chart clearly shows the retest of long term Counter-trendline and also rejection off the 61.8% fibonacci level. Waiting for the daily TL will provide the optimal risk:reward to go short.

DhireshDabasia DhireshDabasia USOIL, M, Short ,
USOIL: USOIL short on the cards
32 0 0
USOIL, M Short
USOIL short on the cards

Here on the monthly chart for Crude oil we have a clean retest of the long term broken counter-trendline after a break and pierce through the 30.00 level. There is also a daily 61.8% (golden ratio) retracement which adds to my short bias.

DhireshDabasia DhireshDabasia AUDJPY, D, Short ,
AUDJPY: AUDJPY Rejecting Resistance TL + CTL retest
42 0 1
AUDJPY, D Short
AUDJPY Rejecting Resistance TL + CTL retest

AUDJPY daily timeframe shows a rejection off the 61.8% fib level and also a retest of the daily broken counter trendline. Not only this we have a 3rd touch and bounce off the dscending resistance trendline. Looking for a strong downward move with targets at the 80.00 support zone.

DhireshDabasia DhireshDabasia DXY, 240, Short ,
DXY: Dollar index looks to weaken
56 0 0
DXY, 240 Short
Dollar index looks to weaken

DXY 4HR timeframe we have a shooting star formation after a 50% retracement, which marked the 2nd lower high in the current downtrend. We also have MA's about to crossover, with price approaching a trendline which I believe will be broken and retested before heading down to the -0.27 fib extension to create the second lower low.

DhireshDabasia DhireshDabasia AUDUSD, W, Short ,
AUDUSD: AUDUSD long term weekly short
38 0 0
AUDUSD, W Short
AUDUSD long term weekly short

This weeks candle ended a shooting star off the retest of a previous support area and support trendline retest, after bouncing off the bottom of the box range, which is identical to the previous range.i expect price to head down to next supports which may turn to resistances in the future. These are confluent with the box ranges and fib extensions -0.27 and ...

DhireshDabasia DhireshDabasia AUDUSD, W, Short ,
AUDUSD: AUDUSD short
19 0 1
AUDUSD, W Short
AUDUSD short

AUD/USD weekly chart previous supports that are now turning to resistance, with next targets at historical supports that could turn to resistances, confluent with fib extensions -0.27 and -0.618. There are also extra confluences with identical box ranges which I have drawn, highlighting the areas in which price is ranging and breaking out. For example the middle ...

DhireshDabasia DhireshDabasia EURUSD, 240, Short ,
EURUSD: EUR/USD Long term short. Potential pullbacks today..
102 0 1
EURUSD, 240 Short
EUR/USD Long term short. Potential pullbacks today..

After, worse than expected retail sales figures for the US on 14/04/15 we had a pullback into the 38.2 fib retracement which was also a previous demand zone, now turned supply, after which price continued back downwards. Overall the Bias for this pair is short down to 1.02 at the -61.8 fib extension. In this chart, the ABCD fib Pattern shown could come into play, ...

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