traderparag

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About me My analysis involves understanding market conditions & structures using RSI, Support/Resistance, Trend-lines, Fib levels, Waves & popular EMAs
Last visit Joined a year ago Melbourne, Australia
Markets Allocation
90 % forex 10 % indices
Top Mentioned Symbols
AUDUSD 40% | 4 AUDJPY 20% | 2 GBPJPY 20% | 2 NIFTY 10% | 1
traderparag traderparag USDJPY, 240, Long , 8 days ago
USDJPY: USDJPY possible move up..
49 0 6
USDJPY, 240 Long
USDJPY possible move up..

Expecting USDJPY to move up as it is touching the lower side of an important trend-line on 4Hr chart as shown. RSI looks poised to go up as well - as currently it is in oversold area.. Trade with caution as a break of this channel could mean further downside slide..

traderparag traderparag AUDUSD, D, Short , 10 days ago
AUDUSD: Attractive Risk:Reward opportuity in AUDUSD on short side
82 2 11
AUDUSD, D Short
Attractive Risk:Reward opportuity in AUDUSD on short side

AUDUSD has touched an important sloping trend-line on the upside and hence presented a good opportunity to short.. SL should be above previous high.

traderparag traderparag NIFTY, D, Short , 13 days ago
NIFTY: NIFTY - Elliot Wave Analysis - ABC corrections coming up??
529 10 9
NIFTY, D Short
NIFTY - Elliot Wave Analysis - ABC corrections coming up??

NIFTY appears to be completing Wave 5 of the journey it started in March-16. Possibly, very soon, ABC correction will take down NIFTY back to levels of at least 8700. Or it could even go down to 8400 or 8100 - depending on the strength of abc corrections..

traderparag traderparag GBPJPY, 60, Long , 10 months ago
GBPJPY: GBP/JPY is a good Long opportunity on Hrly charts
30 1 2
GBPJPY, 60 Long
GBP/JPY is a good Long opportunity on Hrly charts

I am already long GBP/JPY as it crossed 200 EMA on Hourly chart. ADX has moved above 30 as well - so I would add more as I see strength in this rally now. Strong close below 200 EMA is trailing stop loss, or else any retract to 200 EMA is a buying opportunity.

traderparag traderparag GBPJPY, 60, Short , 11 months ago
GBPJPY: GBPJPY looking weak on Hourly charts
106 1 4
GBPJPY, 60 Short
GBPJPY looking weak on Hourly charts

Using 20 EMA as a trailing stop, GBPJPY is giving a good SHORT opportunity with a good Risk:Reward... Price is solidly in the negative territory and has good room on the downside...

traderparag traderparag AUDJPY, 60, Short , 11 months ago
AUDJPY: AUDJPY is a good short opportunity on 1HR chart
47 1 4
AUDJPY, 60 Short
AUDJPY is a good short opportunity on 1HR chart

Using 20 EMA (strong close above) as trailing stop loss, AUDJPY looks like a good opportunity to short right here for a good rally down... Besides, AUD is very weak and JPY is pretty strong overall for now...

traderparag traderparag AUDUSD, 240, Short , a year ago
AUDUSD: AUDUSD - This leg could go down between .71600 to .72000
100 2 8
AUDUSD, 240 Short
AUDUSD - This leg could go down between .71600 to .72000

Another chart showing a good possibility of a downside based on Fib .618 Retracement... which could take AUDUSD to anywhere between .71600 to .72000 Short on AUDUSD... with a SL of .77200

traderparag traderparag AUDJPY, D, Short , a year ago
AUDJPY: AUDJPY appears Bearish - ready for next leg down?
82 0 6
AUDJPY, D Short
AUDJPY appears Bearish - ready for next leg down?

AUDJPY appears to be trading well within it's zone here and could go down it's next leg.. I'm short AUDJPY..

traderparag traderparag AUDUSD, D, Short , a year ago
AUDUSD: AUDUSD appears BEARISH and could go down from here..
50 0 3
AUDUSD, D Short
AUDUSD appears BEARISH and could go down from here..

Many indicators & simple wave theory suggest that AUDUSD is headed down to levels of 73850... I'm short on AUDUSD with a SL of 7720

traderparag traderparag AUDUSD, D, Short , a year ago
AUDUSD: AUDUSD - Looks Bearish and hence a SELL
45 0 3
AUDUSD, D Short
AUDUSD - Looks Bearish and hence a SELL

AUDUSD has a strong resistance zone now between 7700 to 7720 and as per my simple wave count and analysis, looks like it will go further down. I'm short on AUDUSD.

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