Madtradex

Madtradex Updated 

Yo traders, With all the mixed messages about Trumps Covid situation the markets are in for a frenzy this week. NAS looks like there is a possibility of forming a head and shoulders pattern. Price is presently at the 200 EMA and hence looks like to reject move up and then form the right shoulder to then move down. Keep and Eye on NAS manage your risk and you...

Madtradex

Yo traders, Price broke through the resistance touched the trendline and moved up forming a double top at the 200EMA. Price is now retesting the 200 EMA on the 1Hr TF and also the neckline of the double top. Hoping to take a short on this pair Lets wait and watch to get a few pips in Let me know your thoughts by liking and commenting Thanks Madtradex

Madtradex Updated 

Yo Traders, GC is presently back in the channel and is in a corrective move towards the upside. On marking the FiB level you can see the 61.8% level is the support level. I am expecting the price to move up anywhere in between the 50% and 61.8% levels and then break through the corrective structure to move down again. I will be short once it breaks through the...

Madtradex Updated 

Yo Traders, AJ absolutely slid last week and the resistance did not hold as i expected. If you see on the multiple TF analysis, the daily TF is now at the 200 EMA. If this holds we will be in a correction for the last swing approx in between the 61.8% and 50% FIB level on 4H TF. The RSI is also presently in the oversold range. Lets wait and watch how the price...

Madtradex Updated 

Yo Traders, EG trade idea. As you can see the price broke through the resistance and then came back down, moved into corrective pattern and now is respecting the resistance. The price has presently formed the triangle pattern. The price can move either ways after breakout from the triangle but assuming it is at resistance right now and assuming it respects the...

Madtradex

Yo Traders, This week is gonna be good with multiple setups in place. NU has slid down last week breaking out of the channel after the corrective move. The price formed a double top and retested. I am expecting the price to move down and profit at the next support. Lets wait and watch Thanks Madtradex

Madtradex

Yo traders, Another perfect setup for Euro. EC has formed a perfect triangle pattern on the 4H TF. Defined ABCDE (denoted by the arrows) points have been marked on the triangle and based on that i am expecting the price to move up with TP at Resistance. Lets wait and watch Thanks Madtradex

Madtradex

Yo Traders, EN has formed a lovely structure to trade next week. Price rejected the trend line and corrected till the resistance Moving down again as expected. Price has now formed a double bottom pattern and is at the neckline rejecting it and moving down again Expecting the price to reject the 200 EMA and break the neckline and move up to resistance which...

Madtradex Updated 

Yo Traders, Last week i had analysed the NAS100 and expected it to moved down. As soon as the price broke through the wedge i was short on the pair with profits being taken at the support. The price moved exactly as expected with great RR. Next week as you can see the price has now broken through the channel/support and presently retesting on the 1H TF. Lets...

Madtradex

Yo Traders, Having a look at the GN daily TF it looks like it is forming the sloping down Head and Shoulders pattern. The right shoulder is still being formed almost approaching the neckline. This is a long term play but from the looks of it price would be headed down for the next couple of weeks if this pattern completes. I would be looking to go short based...

Madtradex Updated 

Yo traders, Today i thought of trading one of the Indices. NAS 100 has been on a downtrend and is presently moving in a corrective channel. As you can see the Swing DE is a rising wedge swing and hence i believe that the price will respect the resistance and move downward. I will be going short when the price breaks the wedge. Please like, share and...

Madtradex

Yo Traders, Price is presently moving in an ascending channel. The price seems to have rejected the support line and moving upwards. Price seems bullish at the moment but lets wait and watch how this turns out Please like and comment your thoughts for this pair Thanks Madtradex

Madtradex

Yo Traders, 1st trade for the month of September. CJ is forming the HnS pattern on 4H TF. Presently still in the process for forming the Right Shoulder. Based on the price action looks like it will be complete and can go short from the neckline Lets hope for the best Please like support and comment Thanks Madtradex

Madtradex

Yo traders, UJ was moving quite nicely in an ascending channel and then broke out of the same. The price is now retesting the trend line . Looking for price rejection and going short for this pair. Please like, support and comment Thanks Madtradex

Madtradex

Yo Traders, Silver has been an uptrend for quite sometime and is now forming a symmetrical triangle. With the dollar weakness continuing silver is expected to go up further. Lookout for break out of this symmetrical triangle and going long on silver Lets wait and watch Thanks Madtradex

Madtradex

Yo trader, As you can see EJ is forming the HnS pattern. The Left shoulder and Head have been formed and the price is presently pulling back from possible neckline. The price would have to test the resistance of the left shoulder and then break neckline again to take a short on this Pair. Lets wait and watch. Please like, support and comment Thanks Madtradex

Madtradex

Yo Traders, A head and shoulders pattern has formed on the GN Pair. The price has already moved down but is now resisting the 200 EMA. Look for a retest at neck line and then price action to take a short position on this pair. Please like, support and comment if you agree. Any feedback is welcome Thanks Madtradex

Madtradex

Yo Traders, Price has broken through the triangle formation with a big green candle. Looks like the price will be moving up from here. Look for the retest of the resistance level and for price action on lower TF before going long. Please like, support and comment Thanks Madtradex