Points to be Kept in mind :
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>> Take this trade only when Nifty is red in its pre-market session.
>> Take this trade only if open price of SBIN is equal to or below than previous day close price in pre-market session.
>> Maintain strict stoploss as per risk appetite.
>> Dont overtrade or have blind faith, ask yourself and trade.
Trading suggestion:
. There is a possibility of temporary retracement to the suggested support line (31.8). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DOT/USD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to the suggested support line (46.30). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NEOUSD is in an uptrend and it is expected to continue.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is...
WTI Crude is beginning to show signs of weakness after a 4 months bullrun. We see the possibility of a short term sell off to 57.40 a QP level with potential buyside liquidity. There are two potential areas of entry: 60.00 a QP level and 60.62 a OB level. Both positions targeting 57.50 with an oportunity to take some profit at 58.50.
This does not suffice as a...
GBPJPY SUPPLY AND DEMAND ANALYSIS/KEY LEVEL INTRADAY POSITION. We have some nice range going on with GBPJPY this week. Once price breaks out of the key level we can easily enter on the retest of it for an intraday position. This can be done on the m30 or m15 or even m5.
USDCAD bulls have shown strength - during the London open we saw a bullish run and now during the US session we are now seeing a retracement.
I am now looking for price to reject 1.3303 - 1.3302 - I will then be waiting for price action to give me an entry.
Expansion
Here we have an intraday short idea based upon the third test of a descending trend line. The trend line is also part of a descending channel which has been respected multiple times as well. We can see a wick testing the trend line, then moving into a doji candle, showing the upward pushes momentum being tarnished. I believe this was strong enough...
USDCAD Short bias; currently hovering around zone at which lies the following: FIB, R, Psycho. “Overbought conditions of 14 day relative strength index also favouring the pair’s latest pullback” -FXStreet. DXY support- “10-year US Treasury bond yield is losing more than 4% on a daily basis suggests that the DXY's correction is technical and is unlikely to gather...
