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
Joined Melbourne, Australia
Markets Allocation
77 % forex 15 % stocks 8 % indices
Top Mentioned Symbols
AUDUSD 38% | 5 GBPJPY 15% | 2 AUDJPY 15% | 2 NIFTY 7% | 1
traderparag traderparag AUDUSD, 240, Short ,
AUDUSD: AUDUSD trending down in a channel..
71 2 7
AUDUSD, 240 Short
AUDUSD trending down in a channel..

Price could retrace back a little here, which could be an ideal place to short with lower risk.. however, also watch price action and enter only on confirmation by an impulse on downside as price reaches upper side of trendline..

traderparag traderparag AUROPHARMA, W, Long ,
AUROPHARMA: Aurobindo Pharma - Excellent buy at current levels!
29 0 5
AUROPHARMA, W Long
Aurobindo Pharma - Excellent buy at current levels!

Aurobindo Pharma is another great company one should have in their investment portfolio and this is a very good time to buy/add this stock around 580-600 levels. Expecting it to give 20% + returns annually from here and wouldn't be surprised if it is much more than that..

traderparag traderparag LUPIN, W, Long ,
LUPIN: Lupin is a Good Buy at current levels!
27 0 6
LUPIN, W Long
Lupin is a Good Buy at current levels!

Lupin is one of the top Pharma companies with an excellent Balance Sheet, Sales Revenue growth and a very good future. From long term investment point of view, this is an excellent company to have in your portfolio and current levels of 1250 are an excellent entry. One can add more if it dips further as this stock itself promises to give 20% + returns within or ...

traderparag traderparag USDJPY, 240, Long ,
USDJPY: USDJPY possible move up..
53 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 ,
AUDUSD: Attractive Risk:Reward opportuity in AUDUSD on short side
89 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 ,
NIFTY: NIFTY - Elliot Wave Analysis - ABC corrections coming up??
603 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 ,
GBPJPY: GBP/JPY is a good Long opportunity on Hrly charts
31 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 ,
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 ,
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 ,
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 ,
AUDJPY: AUDJPY appears Bearish - ready for next leg down?
83 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 ,
AUDUSD: AUDUSD appears BEARISH and could go down from here..
51 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 ,
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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AUDUSD
Australian Dollar/U.S. Dollar
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NIFTY
NIFTY 50
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