Madtradex

Madtradex

Yo People, This week is going to be the best. I am short on Aud/usd for the week. DXY has been inching upwards. AUD/USD has made a 5 wave move up and also is now forming the HnS pattern. HnS is a good bearish pattern. Have marked my potential TP which is where i believe AUD will correct again from. Let me know if you support this idea or have a different...

Madtradex

Yo people, I am looking at a potential long on Eur/GBP. The sentiment for Eur is risk on. If we look at the technicals, considering the Elliot wave pattern on the 4H TF we have perfectly completed 3 waves and are in a correction which is the 4th Wave. I am expecting the price to move down to 31 to 50% Fibo level which is the marked Red zone and then go long based...

Madtradex Updated 

Happy New year everyone!! Fairly simple idea to go short on EG on the 4HR TF Price is at a resistance where it has dropped previously (resistance/supply zone). The RSI as well is indicating divergence. Considering the confluence and price action i would wait for a drop down retest and move back downward before going short to get in a good few pips in. Let me...

Madtradex Updated 

Have not posted in a long time being occupied with my personal life. Hope to be doing this more often. Going short with my first idea in a long time on Gold. I am expecting Gold to move down from the diagonal. Once it breaks the trend it may bounce off from 1775, move upto 1795 to correct and then down again to 1745 - 1740. Targeting anything between 1745 -...

Madtradex Updated 

Yo traders, Been a long time since i have posted trades. Here is a one which i rarely trade but looks good for a setup. US dollar has been very weak for a long time now and is expected to be weak going forward for the next few months with the printing of money taking place. But looks like to fall down further there might be a pull back. If you look at the...

Madtradex

Yo traders, This trade looks good to move down. Based on my previous analysis for US index which shows a bullish forecast, GU seems to be in line with the same and looking to move down. Price has reached the weekly resistance and has shown rejection (pin bar candle at resistance on daily). In the past we have seen the same rejection at this level. Lets wait...

Madtradex Updated 

YO traders, Gold dropped sharply last week and since then has been in a corrective pattern. As you can see it has been in a channel. Price has dropped sharply again in the last few hrs to the bottom of the channel. I am expecting the price to break through this channel and go move down till the next support at 1800. Lets wait and watch Please like and...

Madtradex

Yo Traders, The price has now touched the weekly resistance and price is making rejections at this level. On the 4HR TF you can also see divergence on the RSI. With this multiple confluence i am expecting the price to move down to the next support level. With positive news on vaccine i am expecting USD to be strong in the mid term. Lets wait and watch Thanks madtradex

Madtradex Updated 

Yo traders, My first trade after the elections. Have been out for the last 2 weeks to avoid the uncertainty and volatility. EG has moved down in downward diagonal/channel and is now rejecting a strong support. Price broke through the 200 EMA but the bias is still up towards the resistance. You can also find divergence on the RSI on the 4HR and 1HR TF and with...

Madtradex Updated 

Yo traders, Simple trade idea. Have marked the support and resistance on the daily TF. The price bounced of the support and is moving correctively towards the resistance. On checking the FIB level on the last swing the price is now touching the 61.8% Fib level which is in confluence with the resistance. Looking to go short on 4H tF based on price...

Madtradex Updated 

Yo Traders, This is simple strategy and looks good with multiple confluences. Price is at very strong support area presently respected on the multiple TF's. On the 4HR TF the RSI is giving us a Divergence indicating that the price will be reversing. Weekly TF also shows divergence on the RSI giving good indication that price may reverse. Looking to go long...

Madtradex

Yo Traders, You can see that NU has formed a symmetrical triangle on the daily TF and is moving within the triangle at the moment. Price rejected from the triangle and has started its movement downward. Price has also formed a rising wedge pattern. Planing to go short once it breaks out of the pattern. Lets wait and watch Thanks Madtradex

Madtradex

Yo traders, Lets have a look at this idea. Euro rejected the 200 EMA on daily TF and then rejected the weekly resistance. Presently looks like a corrective wave forming a falling wedge. price has broken through the wedge and now retesting. Looking for rejection of price and then go long. Lets wait and watch Please like, support and comment Thanks Madtradex

Madtradex

Yo traders, Price has moved down considerably in the last week. Presently getting close to the trendline. Also, on the 1Hr TF you can see divergence on the RSI. I am looking for AU to correct in the short term and then move down again. Lets wait and watch Thanks Madtradex

Madtradex Updated 

Yo traders, Hope you all have a great week. AUD/NZD has formed a lovely pattern on the 4H TF. The chart shows an inverted head and shoulders pattern. Broke out from the neckline and now retested which is an established support. Expecting the price to move up as price has shown rejection of the support. Like, comment and support the idea. Thanks Madtradex

Madtradex Updated 

Yo traders, Gold broke through the triangle pattern and slid down in a big move. Price has now corrected upto the resistance which is also between the 61.8% - 50% FiB level from the last swing. If you look at the 1HRTF you will also find divergence on the RSI. Looking for break of the trendline before going short on gold Lets wait and watch Thanks Madtradex

Madtradex Updated 

Yo traders, If you have followed my last week trade the price has moved perfectly towards the Fib level as expected. Presently price has broken through the pattern and retesting. If you look at the 1 Hr TF RSI had given us divergence indicating reversal and also presently the price is retesting the 200 EMA which has been a level of support in the past and now...

Madtradex Updated 

Yo traders, Similar to NAS100 the SnP 500 has already formed the right shoulder and is moving down. With the uncertainty in place with trumps situation we already have a catalyst in place for the move downward. The next 48 hrs are going to be interesting. Lets wait and watch. Thanks Madtradex