USDJPY H4 - Nice Double top in sight, rejections of 106.300 would be ideal, two heavy monthly key levels and a week, local H4 resistance, should see a reaction at 106.300 price for hopefully this bearish USD downside continuation after a recent relief rally.
NZDCAD H4 - 0.88 would be a nice zone to find support and a double bottom bounce, key psychological number, big S/R zone, second test would be for the second leg double bottom. Nice tight stops too, so very lucrative RR setup.
GBPAUD H4 - Still half the clock left on the remaining H4 candle. But actively looking like we are breaking the significant resistance region, a close above, and retest would be good for long opportunities, very similar to the GBPCAD analysis just posted!
AUDCAD H4 - As we mentioned on the EA analysis, AUD seeing corrections, pulling back to our S/R zone and ascending trendline support. Would be good to see another bounce from here and another wave upside setting new highs.
Initially I thought we would see immediate rejection from the key daily supportive level marked but we didn't. I personally believe most retail traders would have been buying at the area using a tight stop loss. Now that banks have come in and driven the price down to SL hunt, they may have now gathered enough liquidity to drive prices higher. I will be waiting...
GBPUSD H4 - Nice strong GBP rally for the last few weeks, performed excellently, saw a bit of exhaustion towards the latter part of last week as we failed to set highs, that being said, we haven't set new lows, so we are technically range bound until we see a breakout. Generally would like to catch an opportunity to buy from support and hopefully break new highs...
RBL Bank has given positive breakout with decent volume , SL of 155 should be strict and can be added till 160.
205 near time huddle
*Disclaimer: I am not a SEBI registered person, all the views are for study purpose.
Given the record net accumulation in June (truly amazing new record) - it is staggering to see July net accumulation at this level. in essence, the greed is amazing haha. Must be pretty big news coming imo
The action of the day was, in essence, a typical sell off for the mtro capping region - until it got to last close. There was a beautiful squeeze on it, and bought up instantly. Given that was a negative sentiment price for most, its either shorters buying back, or more fund accumulation. NOt sure which
Famous last words on this stock, but expecting imminent...
By popular demand, here are my revised predictions for Barclays over the next month or so.
I will mark this chart as long, but READ THIS DESCRIPTION . I am not indicating that you long from the get go. Please read my thesis to see when and how you should enter these positions.
Barclays hit the initial target I set almost instantly. From there, it's been...