traderparag

traderparag Updated 

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 Updated 

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 Updated 

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 Updated 

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 Updated 

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 Updated 

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

traderparag Updated 

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 Updated 

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.

traderparag Updated 

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 Updated 

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...