Hi Guys, We are expecting upward breakout from the bullish flag pattern in asian paints and if we get the breakout we can initiate long positions after checking out our risk:reward. Thanks for your support... Happy Trading !
Hey Guys, We have nothing fancy here, its just simple trendline with elliot wave, so on the retest of trendline which happened yesterday we may get move upwards in LT. If trendline breaks down we may see downward move and elliot becomes invalid. Thanks for your support... Happy Trading !!
Hi Guys, This one is simple trend continuation setup as it reaches to our resistance zone NZDUSD may reverse. So on valid confirmation in resistance area initiate shortpositions in NZDUSD Thanks for your support... Happy Trading !
From the post itself we came to know that we got two patterns overlapping each other, so decide which pattern you wanna trade. Check your ratios before entering & two patterns doesn't guarantee a downward move. Check your risk-reward and short USDCAD Keep supporting...thanks for your support ! Happy Trading !
Hey Guys. As you can see we have a bearish flag in GBPUSD, so we need to keep this in radar and once the breakout happens on downside Enter short positions. We may retest upper n lower trendlines once more before a breakout, its just a possibility. Check your risk reward before entering the trade... Thanks for your support... Happy Trading...
Coming back to the scrips which we keep close to our hearts - Yep, Nifty's.... We have bullish bat pattern formation which is currently in C to D move, so once the move gets completed at D point we can Initiate long positions in Nifty. The other blue lines going around chart are the idea posted on higher timeframe(4h) lastweek.. that idea is still valid. But here...
So whats XAUUSD gonna do ?? We have wave completion with symmetrical triangle which is preparing itself for breakout, so keep this in radar to catch the trade. As always check your risk-reward before entering any trade.. Thanks for your support..Happy trading !
Hi Guys, This USDCAD trade idea is posted solely on basis of Elliot wave theory and we are planning to catch wave 5 on downside. Currently the price is exactly in the resistance zone marked and we can expect reversal as RSI is also getting overbought. So if it suits your trade plan , plan your risk reward and enter short in USDCAD. Hit Likes if you...
Hi Guys, In 4h AUDUSD chart price is retesting the trendline as of now it looks as breakout but lets wait for candle close by which we can determine breakout or not, Conservative traders can wait for another candle for valid confirmation as RSI is oversold in AUDUSD. There is possibility for current candle being closed as Doji over the trendline. Hit Likes if...
Hi Guys, EURUSD has formed perfect ascending triangle and most of the times ascending triangle breaks out downwards. Here in the above chart we have strong close below the support trendline of ascending triangle, so we may expect direct move downwards to retest the earlier lows 1.0910's. Even if you draw an abc correction wave it matches with our breakout...
Hey Guys, This weekend lets do simple Elliot wave analysis on Nifty. There is generally an universal rule followed while using elliot wave. (i.e) Wave 3 will be biggest & at times wave1=wave 5. Lets stick to this simple rule and we have drawn few trendlines on daily and 4h time frame on Nifty. The support (redline) is retested thrice and we are...
Will provide explanation of trade later....
Hi Guys, NZDJPY is forming a perfect bullish flag pattern and we are expecting a breakout soon, once that happens on valid breakout we will be initiating long positions in NZDJPY. Sometimes there may be false breakouts, so be careful..even while I'm typing this price is teasing the upper trendline. There are 2 ways by which breakout can happen 1) retest lower...
Hey Guys, We got potential bullish bat formation in XAUUSD and we can expect the price to move up after it reaches our entry level around 1310's. With RSI being oversold already, we may get small pullback upwards before reaching 1310. Risk-Reward for this trade is really good. Lets see how it goes... For past few sessions XAUUSD has been in continuous downtrend,...
If the trendline is broken upwards in EURUSD, we can initiate long positions with targets around 1.1140's. Enter the trade only if there is valid confirmation as per your plan on break of trendline to upperside. If the resistance @ 1.1140's taken out we may see an upward move till 1.1300 in EURUSD. But its too early to decide till that much, as of now lets stick...
Hi Guys, We got bullish bat in USDCAD and if you are pattern lover n trader, this post is for you and our entry for long positions is around 1.2880's and as we always do our stops goes below X level. Here we got very low risk and good potential reward in this USDCAD trade. Drawn this chart in the self explanatory way with where your stops and targets goes and what...
Hey Guys, We got simple bearish bat entry setup, so lets initiate short positions once USDJPY reaches our expected entry level. Based on risk:reward you are aiming for choose your SL's and check ratio;s for the bearish bat as everyone in tradingview community uses different ratio's. Hit Likes if you agree, Thanks for your support... Happy Trading !!
As we got double top in EURUSD we can initiate short positions. If first swing high is also taken into account we have triple top in EURUSD and if you note the RSI it showing bearish divergence which makes the double top more valid. Check your risk Reward before entering any trade. Hit Likes if you agree...Thanks for your support ! Happy Trading !