GBPUSD faces very good resistance from 1.3240's to 60's, and we got bearish confirmation in resistance zone. So its good chance to initiate short trades in GBPUSD, but please check your rules and stops before entering. The above is just my idea to trade this GBPUSD pair. Risk Reward is also very much in our favour. Happy Trading !
How many of you remember TV Video Game Mario Brother;s ? USDJPY price action looks like the same...Up..up..Up. Now the price is down...down, so I have just shorted USDJPY in marked resistance zone. This will be with two target and by trailing stops after target 1. Check your rules before entering any trade. Happy Trading !
Hi Guys, Anyone got in hourly channel breakout, you might have made few pips on hourly channel breakout. Though even in 15 mins it gave bullish breakout and hit back stops n provided the downside breakout. So that also will be profit-able trade only but lesser pips bcos of bullish breakout loss. Anyway now we have Bullish bat for long entry in EURUSD lets watch...
This channeling is drawn on 15 mins EURUSD, even if you go on hourly timeframe you can find this similar setup on shorter length, Depending upon the timeframe you trade, wait for the breakout and enter the trade with proper stops. Happy Trading !
If we get valid bearish confirmation in resistance zone, we can initiate short positions in EURJPY. Stops and Targets mentioned in chart. Happy Trading ! Looks like EURJPY reversed little earlier than expected... we may miss trade if that happens
You can make money with simpler setups also, its not that only complex setups like Elliot wave theory, harmonics only make money. Simple setups also win, from complex setups to simple setups everything has different win rate. The point is simple setups also win. We have support zone in XAUUSD from 1320's to 1323's, and potential double bottom formation. So if we...
Hi Guys ! This post will be different from my usual style. Its gonna be combo of how to use Elliot waves to our advantage and trade setups also explained. So this will be Learn n Earn Series, just an info before jumping into analysis, please note that I follow My own style of Elliot rules which is slightly different from primary Elliott rules. I have modified...
We are waiting for breakout direction in Gold and once we get the breakout in flag we can initiate positions long or short in XAUUSD depending on breakout direction. Watch it closely for breakout
Yesterday we had bearish flag breakout in EURUSD and with that flag breakout we captured all the pips during the sudden surge in EURUSD, Now we have Bullish Flag which is yet to breakout, keep it in your watchlist to trade.Though Bullish Flags usually breakout upside, if we get valid breakout down, enter short positions with proper stops.
USDCAD is forming perfect pinbar in our marked support zone which also implies potential chances of reversal. So, if we get valid bullish confirmation lets enter long in USDCAD n catch few pips !
This is very simple setup in GBPUSD, to take long positions. Check your risks before taking this trade in GBPUSD. As I was typing this description GBPUSD shot up... only on retest you may get entry chance as mentioned in chart !
We haven't traded for last 3 trading days, bcos markets were very volatile with NFP n Yellen's speech. So we stayed away. Now we have Bearish Flag but direction of Breakout ? Let's wait n Enter the Game of EURUSD. Happy Trading !
Hi Guys... its been a while right ? yeah..long weekends n other commitments to fulfill with Nifty ranging in flag, there is nothing interesting for the last two trading days. Not anymore... Probably Nifty will decide its path in a day or two, Doji's indicate 2 things - Indecision & A Decision soon. So its time for Nifty to decide the direction, we have Bearish...
This is continuation part of other post on Nifty wave prediction, I guess if you have either followed your own plan or patterns insync with wave predictions just adjusted triangles without any spils, you will be riding waves from 8550 if you got in with cypher posted earlier, almost 200 points in Nifty...Just going more stronger. We can expect pullback to retest...
AUDUSD still ranging within triangle pattern, enter on breakout with strict stops Happy Trading !
EURGBP facing resistance 0.8560's and as we are in bearish trend, initiating short positions with strict stops Happy Trading !
We have potential bearish gartley pattern in 4h GBPUSD, as its 4hrs the trade may take more time, so if you are willing to hold for larger time then you can trade this setup. There is another ABCD pattern completion forming around gartley completion zone. As usual stops go above X, check ur ratio's before entering trade bcos everyone uses different ratio for...
After long time back to patterns, even I feel excited about this pattern setup. So if you are pattern trader and ratio's match and its in your trade plan , pls check your risk reward n enter long positions. Thanks for your support...Happy Trading !