Normally, we all have opinion that prices will reverse at 61.8% fib ratio ( that's why its called Golden ratio). Put that in combo with resistance zone, the probablity of getting good trade increases. Thats what we have here in BankNifty, with price around 18900's and resistance zone in same area, I expect the market to reverse here. We do had similar kind of...
History repeats itself- but so soon ?? We got exactly similar rectangular ranging and upper-breakout just a day before in xauusd, Lets enter the breakout side though I'm expecting upperside,I won't hesitate to take trade if there is downside breakout. Incase of downside break, 1350's I expect as targets, We have 3 back to back profitable trades and now we should...
Winter is Coming ?? So Bears are to stay and rule here ? Or Is it just a Fog ?? We will find out based on what Nifty does at 8480's-8500's. We had steep fall in Nifty almost channeling on the way down after breaking out of the raising wedge ( Check previous posts on Nifty, you will find it). We have pocketed around 100points in the fall, previously in that...
We got exactly similar rectangular ranging (bullish flag) and upper-breakout just a day before now we have one in xauusd, Lets enter the breakout side though I'm expecting upperside,I won't hesitate to take trade if there is downside breakout.Scroll back the chart to left to take a look at previous trade. Incase of downside break, 1353's I expect as targets Hit...
GBPUSD is about to complete double top formation, so going to short GBPUSD. Left the other trade ideas (visible in chart), if you wanna take a look on those previous ideas,check related trade ideas below. Happy Trading !
In EURUSD the pullback to our previous resistance turned support zone is about to complete and we are expecting the market to continue the bullish run , so I will be take long positions in EURUSD in the pullback zone. Hit Like button to keep me motivated to post more ideas...Thanks for your support ! Happy Trading !!
How to trade this wave : i) We can enter long at correction wave A on retest of trendline around 0.7200's for a target of 30pips (0.7230's) in NZDUSD ii) At B point enter short @0.7230's with 30 pip stops, for Targets around 0.7160's (70pips) iii) If all goes fine, we may pocket 100pips in NZDUSD alone today ! Though in charts everything is marked, there are...
Scenario:1 - If we have valid close above trendline enter long in GBPJPY around 135's & targets around 136's Scenario-2: It may reverse after touching trendline, so in that case Short GBPJPY Entry @ 135's, Stops - 135.7,Target - 134's or lower down move Hit Like button to keep me motivated to post more ideas...Thanks for your support ! Happy Trading !!
We have an Inside bar from friday, though the high's n low's of the pattern broke yesterday with wicks many might have taken swing trades and got stopped out in Nifty.It happens, Thats why conservative traders like us who are very aware of risks, wait for valid close of candle. So in Nifty with the GST gonna get passed by tomorrow I expect candle close above or...
GBPUSD is really bullish and rising as fast as it can.. But we have bearish bat and our trade plan always says take trade with discipline, so if bat gets completed I will be initiating short position in GBPUSD and as usual stops go above X levels of the pattern. Hit Like button to keep me motivated to post more ideas...Thanks for your support ! Happy Trading !!
We got bullish cypher pattern here, so I'm expecting completion of CD move, it may happen today or tomorrow, we cant predict that with 100% confidence. But one thing we can say, if price comes to our entry zone I will enter long in SBI with cypher as reason but only after the pattern completion. Hit Like button to keep me motivated to post more ideas...Thanks for...
Nifty is having clear rising wedge in Uptrend and they breakout downside mostly, sometimes known as " Bear Rising Wedge". But we also have GST bill passage coming week which will be major news for Nifty. There is popular adage in trading community - " Buy the Rumour, Sell the Fact ". In My Opinion, , Nifty has already imbibed the GST bill thats...
I hope the chart explains everything ! Thanks for your support..Happy Trading !
EURUSD gave us 2 back to back chances today, the first being symmetrical triangle and now Double top. Probably a lucky day for us with EURUSD combo. This double top also has bearish divergence, current candle being Doji wait for bearish confirmation to enter short. Hit Like button to keep me motivated to post more ideas...Thanks for your support ! Happy Trading !!
I'm waiting for breakout, so EURUSD will be in my radar for sometime whichever side it breakout happens will enter trade with strict Stops to avoid if false breakout happens. We got this triangle bcos EURUSD is ranging for past few hours so we can expect breakout for sure bcos after every range there will be breakout for sure. Thanks for your support..Happy Trading !
This one is simple double top setup for shorting NZDUSD and being an aggressive trader I'm entering short. Conservative traders can wait for bearish confirmation. Hit Like button to keep me motivated to post more ideas...Thanks for your support ! Happy Trading !!
We have an ascending triangle pattern in BHEL and I'm expecting upside breakout today but that means doubletop will fail & gladly yesterday I didn't enter doubletop. So I'm free to enter based on triangle on any directional breakout in Bhel If you watch closely, we have double top formation with RSI divergence within triangle. Ascending triangles breakout in upper...