Amid all the Election noise, Worlds biggest democracy has set poll date to 23rd may 2019 and will decide the future of PM Modi. I tend to believe that NIFTY will be in sharp correction of C and will continue towards secular bull upside printing iv of (3) of 5 in EW. So for next weeks looks for sell setups and trade towards.
Jai Garvi Gujarat.
Expect Rise of C towards 1.10 -1.11 to complete the target as c of B is on near completion. It went through great churn. I really love this pair among all the AUD pairs. It gives huge payout and quite predictable.
Its been a long time I posted any charts. Missing Daily Trading.
We had extremely successful long trade setup last time. Short is on horizon.
expect C to test weekly low and below around 0.80XXX area.
Previous Chart is linked with full wave counts. Pls refer there for more details.
Don't miss this trade
Trade Your Own Plan. Research your own shit. Apply your own mind.
Don't blame others for wrong trades.
We are doing corrective 3 or 5 waves , possible D towards 0.73000. Look for bull flag for breakout on lower tf before entering buy. Weekly remains huge corrective structure between 0.73500-0.67500 range. DXy has made significant down move. on weakness of dxy buy NZD.
Trade your own plan.
I have posted GBPUSD trade on larger timeframe which is also going to hit rock bottom, that weakening will be resultant force to bring this pair down to such levels. As we confirm this larger direction on weekly construct will concentrate small trades on lower tfs.
Trade your own strategy.
Pending wave 5 may follow after extensive corrective abc on wave 4. I suspect it may extend some towards 1.33ish region and fall towards 1.14 and below. Idea of this post to make you understand the direction of the larger construct on pattern. This will affect all GBP pairs accordingly.
Create your own trading strategy and discipline to trade this...
I believe as all GBP pairs this has retraced up and NZD weakness has helped it for more fast recovery. though next pending wave 5 would be towards 1.50.
So find good Stop loss and short it at good price levels.
Trade your own plan
Energy is very difficult to trade under present OPEC situation.
Yet formation of structure is such that it tends to break down after Zigzag consolidation in form of ABC towards 61.8%.
Look for bounce towards 3.2 as wave (2) advancing towards below 3$ in form of wave (3). I believe this completes the cycle by approaching $2.5 in five wave structure.
Extension of Primary 5 with 50% consolidation in form of ABC will conclude the sideways and extension towards 1.48 and above. all DXY pairs are tend to trade in same directions.
Good Luck. Trade your own plans.