keshivatradingacademy

keshivatradingacademy

Wait for a pullback of the recent fall and look for SELL entries in 1.1650-1.1690 area. TP1: 1.1530 and TP2:1.1470. SL:1.1760 On the contrary, if price breaks 1.1690 strongly, it might go towards 1.1730 and 1.1800 as well.

keshivatradingacademy

EURJPY rebounded quite sharply from its recent low at 124.85 area. The sharp rise can be attributed to the easing of Turkey crisis and general Yen weakness. However, this recent bullish momentum is merely a correction as per my analysis. Price is currently at the 618 Fibonacci level it would be interesting to see if EURJPY goes downwards from here. My Trading...

keshivatradingacademy

EUR/USD rebounded sharply over the last 8 trading days after having fallen to the 1.1300 level. The pair reached 1.1640 on Friday and closed well above the psychological 1.1600 mark. The common currency is currently up by 325 pips against the Greenback from its recent low at 1.1300 within a fairly short amount of time. The sharp rebound may also be attributed...

keshivatradingacademy

GBPJPY Retraced to 143.24 on Friday after having fallen to 139.89 during the first two weeks of August. The pair tested the broken trend line and it will be interesting to if price moves towards major support at 139 area during the coming weeks. During the previous week, I managed to go long at 140.10 and 140.70 area and Take Profit at 142.75. Subsequently, I...

keshivatradingacademy

Last Sunday, I mentioned that price has chance of retracing towards 1.3000 area when GBPUSD was trading at 1.2735 and advised traders to look for long entries. The analysis was quite successful and price went towards the 1.2950 area and managed to give us more than 230 pips of profit. However, the recent upside momentum might be attributed to the Dollar's...

keshivatradingacademy

EUR/USD went to 1.1300 area last week and rebounded during the last two days of the week. The pair is currently trading at 1.1436. It seems that the price has momentum behind it to visit the 1.1480-1.1510 area. The 1.1510 area is also a major support. Hence, it is likely that this area could become a strong resistance near-term. Based on how price behaves...

keshivatradingacademy

GBPUSD has been on a strong downtrend since August. Price has fallen from 1.3150 to 1.2650, which is nearly 500 pips without any major retracement. Most importantly, price broke through the channel that kept the pair ranging in a downtrend for more than six months. However, at the end of the last week, we a bounce in the pair and price moved up almost 100 pips...

keshivatradingacademy Updated 

Guppy(GBPJPY) declined sharply last week after having retraced to the 147 mark. The sell-off happened after ECB's rate hike event and was quite expected. Currently, the pair is trading at 146.64 and it is approaching a very important area. As you can see from the chart, price has now touched the green line which has acted as a support area for more than a year....

keshivatradingacademy

GBP/USD is trading in a narrow channel for almost this entire year. As you can see from the chart, the price bounces off the lower end of the channel(green line) and moves towards the upper end of the channel(red line). So far, this has happened six times(indicated by the arrows). So, we can definitely say that this is a widely respected channel. ECB...

keshivatradingacademy

EUR/USD has finally broken the triangle that kept the price ranging for more than two months . A strong Dollar coupled with Dovish ECB led to the sharp decline during the last week. On the 4H, you can see that price broke the green line which has acted as a support level for quite some time. However, on the larger 1D timeframe, there's yet another...