The current trend is controlling by bear which is pretty obvious concerning the fundamental issue. So I'm expecting the market may fall more. There is also a Gartley completing around 171.5 and a ABCD completing around 171.12 which can be a good point to buy the pair.
But before that, let us have to wait to break the golden ratio 61.8% which is around 176. Else,...
There is a trendline in the resistant zone (128.00-128.30) area which is indicating us to have a short entry from there. The Upper TL is acting as a resistant. So a short trade recommended.
Entry can be around 128.00 - 128.30 with an SL of 128.50-60.
I'll target 125.00
As you can see that, there is a Bullish bat forming on EURAUD 4 Hour TF. Which is completing around 1.4070.
This area (1.4070-50) is also a good support zone which is tempting us to have a long entry.
A long entry is recommended from 1.4070 considering the retracement. SL can be 20 pips Below from the X. (100 pips), Target can be 350-400 pips which is pointing...
This is a pure example of Rising wedge chart pattern to trade on.
This pattern is bounded by two converging trend lines. We know this pattern is usually traded for a reversal trend. It is a bearish pattern which signals us the pair is likely heading downward.
Though, it is also indicates that a continuation of the trend. If it fails to break the bottom trendline...
This is a short term trade on EURGBP. There is a medium level support on 0.7410 area which is tempting me to have a long entry from 0.7420 with 20 pips stop.
Expecting the market to reach 200 EMA from this area.
There is a Pinbar formed on 1 Hour Candle of USOIL which is also at a confluence zone which is tempting me to have my 1st short entry of this week in this OIL / WTI / CL.
My short starts from 52.50 with 100 pips SL and 200 pips as TP. The R:R is 1:2.
I hope you can hop on the ride. Just remember to put your SL to break even after getting 1:1 R:R and trail your...
This is another chart based on harmonics on USDJPY H4.
This is a Gartley which will completes around 119.70.80 area which indicates, this pair may have a fall / reversal from this PRZ (Price Reversal Zone).
As par this chart, we may have a short trade on this pair from 119.70-80 area where we can stop at 121 even. We may let this target open to suit our targeted...
USD/JPY started the last week breaking below a descending triangle, but was not able to extend lower. Instead it continued to consolidate, and surged after the NFP report.
In this chat we can see that the market is on the upper Trendline of a triangle which is now in a challenging situation. If this dynamic resistant zone break successfully, it will expose the...
Hey there, as we can see Pound is pounding Yen in last two days. Some positive data took it this high where ABCD Pattern completed at 181.39-40 area. Which is giving us indication to have a short entry.
I took two entry from this pattern though I need to make sure this pattern is being respected as it is still in the PRZ.
My entry will be shorting from 181.40-45...
Last few days I'm getting couple of mails / PM's regarding my OIL prediction. I'm glad to see people likes my ideas which inspires me lot. Thanks for supporting me.
Back to chart, as we can see in my previous chart, market couldn't reach my target and bounce back to the point as we're now. It is trying to create triple top as well as bullish rejection at the same...
From last few weeks, we can see AUD is gradually falling as well as Pound is gaining strength agains AUD. As for that, this pair is continuously in a trend which is taking it high and high..
Following the trend will be a very good idea to trade this pair.
There is also a ABCD pattern completing around 1.98. So, I guess we may see some retrace around that...
There is a push from the bottom and we saw a good upward movement. Now as the news effect goes over and we are back to normal trading.. I'm expecting a downward movement till 50.00. My stop is above 52.00