davinderaulakh

davinderaulakh

after breaking the trendline on daily market has moved sideways,and making a triangle. will be intrested in a short if break downward as there is huge potential towards downside. before entering short wait for retest or a pullback as market can often fakeout.

davinderaulakh

a very good oppurtunity to test the minor support if market breaks down. wait for a retest or pullback after breakout before going short

davinderaulakh

a bearish cypher pattern has formed on daily time frame. we can sell it now for a nice risk and reward ratio

davinderaulakh

a nice bearish cypher pattern has formed on audcad. we can oen half osition now as stop loss will be little bit increased. other half will be opened when market retrace to the original entry

davinderaulakh

as usdjpy is moving in a wedge. price is testing upper trendline of the wedge from several days. also this is the fibo.78.6 lvl. if todays candle closes below the yesterday candle then open a short. all three tp and sl is shown in chart. this is not a signal , it is just my opinion according to my analysis. before opening any position please check all things

davinderaulakh

we are approching weekly resistance. keep an eye if market fails to break it or after break hold above it then go short. even if you miss the trade at that lvl , we can get possible entry at the break of trendline. watch these two lvls this week

davinderaulakh

last week we bounced from weekly resistance but later retrace back to it. let's see if next week market break or not the the resistance. if market failed to break the resistance, we will see a double top there. we can try to go short after seeing some price action. main short will come into play after break and reteset of trendline

davinderaulakh

last week we bounced from weekly support. after going up for some days we retraced violentaly towards weekly support. now we have to watch for price action at weekly support. if it takes support there then we will see a weekly double bottom. which can start a new trend upwards, and we can try to go long if that happens. in second case if we break the support than...

davinderaulakh Updated 

the cadchf is in range bound conditions on weekly from a long period of time. right know it is retracing from a downward move. i am expecting a short oppertunity if market fails to break the the upper trendline. the other significant thing is the 200 ema. it often acts as dynamic support or resistance. in this case it can act as resistance as it is approching the...

davinderaulakh Updated 

the cadjpy has reached the weekly resistance zone ofter breaking a shortterm downward daily trend line. so we are going to watch for some bearish price action to go short if market failes to break the resistance. we can aim that market can try to retest the broken trendline. daily chart will be published below

davinderaulakh Updated 

i will be looking for a long oppertunity when market fills the gap and touch the trendline. we can see the down move as a retracement of up move, a mean to fill the gap. also the 200 ema will be converging with the trendline which can act as dynamic support. watch for some bullish price action on daily. for an entry we can use 4 hour time frame. stay tune for...

davinderaulakh Updated 

as the eurjpy is moving up after breaking the weekly resistance , i will try to go long on the trendline testing and aim upto the next weekly resistance marked in yellow box. before opening any position pleace check for bullish price action.

davinderaulakh

as i have mentioned this potential area for both short and long trades in another idea. the price has almost reached the potential area. the price action of last week is telling me that we are going to get a nice short trade. the stoch in daily is overbought and crossing over. in 4 hour we have nice divergence in stoch as market is making new highs the stoch is...

davinderaulakh Updated 

nzdjpy has broken the downward trendline and fast approching the weekly resistance lvl. in the past we have two sell offs from this level. The market has not tested the trendline after breaking it. so if price action suggest i will look for a short untill market test the trendline. after reteset i will be looking for going long in this pair. both places are marked...

davinderaulakh Updated 

usdjpy is near a short term trendline. I have marked the area with yellow box. Here if market fails to breakout or stay above after breakout i will go short untill we test the long term weekly trendline coming from below. If market breaks up the trendline with good momentem then i will wait for a retest of trendline and go long. Hopefully next will market make...

davinderaulakh Updated 

there is long term trendline coming down . for a new bull market we have to break that trendline and stay above it. well that can take some time. the first obstacle is the small wedge in which we are moving. the market is going to test the upper trendline of the wedge. if it break the wedge to upside right nest is the downward trendline . breaking both does need...

davinderaulakh Updated 

gbpjpy is fast approching the weekly resistance. last time we shorted from here, that was quite a success. now as market approching this area again i am more biased toward bullish this time. i will wait for a breakout and retest befor going long. there is plenty of room for an upside room. even if market bounce from this area for some reason i will not be looking...

davinderaulakh Updated 

the audnzd pair has taken support at weekly support lvl. coincidently the lower trendline of wedge forming on weekly chart converge at the same lvl, which make it a very strong support lvl. the market has bounced second time and closed as a bullish weekly candle . know my analysis says we can expect the market to go up and test the upper trendline of wedge and the...