The pair is trading in a strong trend the overall trend suggest a likley breakout to take place and led it towards 106.30 and 106.90 mark as long as 104.50-104.40 holds on the lower side
For a daily swing trend, At 4H time frame there was a breakout for inverted H&S & descending triangle pattern. From the CMP the target till the daily resistance, the SL considering the Inverted H&S or Daily support the risk : reward ratio are 1:44 and 1:25 are respectively. Both the risk : reward ratios are good. If my description is confusion please watch the...
At a daily timeframe there is double bottom neckline pattern. if the neckline breaks, the bull in the market will get stronger. The daily and weekly support looks strong. Disclaimer : The CMP is at the monthly strong resistance so trade with tight SL.
CMP is at weekly ascending trendline. Daily there is a bull swing, and 4H a descending triangle pattern(market retest in 4H). If a 4H candle closes above 105.6653 can go for buy. The SL & target level are discussed in the video.
There is a swing in Daily time frame. The swing is already in move, but not to worry. There is a ample opportunity to trad within the Daily's Resistance and support explained in the video. Once the 4H candle closes above the 106.2834 level, look for the swing or patterns in the any lower time frame from 4H and trade(be bullish) your targets reaches or the daily...
Its a long time since my last analysis being documented publicly and so an end to end analysis should refresh the memory of what's going on with this pair. Let's start with super long time frame-the yearly time frame and drill down into lower time frames. Year-->Month-->Day-->Hour shall be the approach to resolution Chart 1: Yearly Statistical view: Yearly...
Pound to face a good resistance from 102 to 105. We can expect fall till 80 in form of wave C. Invalidation level is 105.2956. Stay safe and trade safe. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade. ***Ignore the Indiavix and Yield parameters below the chart.***
Price action after a long bullish run had taken a pause, and the pause seems to be over. Interpretation 1: As there were 3 complete waves formed in the bullish trend and the recent motive wave was slower than the earlier motive wave which might indicate that the formation could be an ABC. Recent correction could be a long term correction which might be an X...
Quick and safe profitable trading opportunities in currency trading in India via Hedge approach by simultaneous selling one currency pair and buying of another currency pair and vice-versa.
This weekly chart shows that the encircled price action displays bullishness where the shaded area was an intermittent bearish move. This bearish move divides the bullish move into 2 waves as shown below The daily chart can be interpreted as Option 1 Option 2 The common area of time and price move equivalent to the previous move is The recent...
My view on the short term forecast posted in the linked idea is revised: The recent price action is bullish after correction but it is slower than the previous motive wave. Hence I am concluding this wave as an ABC wave. Wave C has a potential to move upto 100.4 but not certainly if extends beyond Dec 6 2022. This wave shall conclude on or before Dec 6...
Long term outlook on monthly chart shows that the price action is on a major correction. The highs and lows inside the correction area look like this This could be a triangle OR A flat OR Based on momentum of price action, the chart could be resolved as If the running flat was predicted correctly then the next motive wave to the upside should be...
The British Pound has become a worthless emerging market currency, that could make depreciate the currency toward the Indian Rupee. GBP/INR 79.5
See the power of MSA Model, in capturing the trend and converting it into reality by going long at 9:00 am and exiting at 9:40 am
It's time to buy. This pair rangebound movement will benefit for few trading sessions.
Having close watch on GBPUSD, we could expect this pair will benefit Indian rupee. Downfall is very likely occur in next trading sessions. Follow if you like the analysis
I don't see any kind of reason, which can change my decision. It is a very good support and I believe that pound will appreciate more
Close sell and use profit to buy 99.75. looks good buy