Earlier, we had taken a long trade on crude oil based on trends. Now, a slight pullback is expected. I've marked the levels I'm playing with and my position.
6200 has been rejected many times already, and expecting it to be rejected this time as well.
The targets are not much. I'm expecting only 3-4% in profit and -2% loss at max. Manage risk accordingly.
Crude oil has given a very good fall. But has it bottomed out?
From the charts, we can see 5700 levels is where crude has formed the nearest bottom. Also, the swing high is 6000. I will go long if 6000 is taken out in the next couple of days. Otherwise, I will not be trading on crude.
Gold price braces for the second consecutive weekly gain despite sluggish trading ahead of the Federal Reserve’s (Fed) favorite inflation gauge, namely November’s US Core Personal Consumption Expenditure (PCE) Price Index. In doing so, the XAUUSD pokes a two-week-old ascending resistance line, around $2,055 by the press time. Apart from the stated trend line...
Crude is in consolidating phase so as per the 30 min TF if crude is giving breakout and trade above 74.35 on 30 min candle we can plan BUY till 75.00.
And if it goes down we have to wait for the 30 min candle close below 73.50 and we can get Target upto 72.80.
We can get Trade around 13:30 (IST) Or 15:30 (IST)
NOTE- The TF should be 30 min.
FOREXCOM:EURUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
FOREXCOM:AUDUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
FOREXCOM:GBPUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
- Gold is currently trading at a crucial supply zone
- It's interesting to even watch whether we can witness and cover the leftover upside or not
- We also need to wait for the price to keep consolidating here if we are favoring a bullish move
- However, if we are on the bearish side then it's important for us to see a good reaction from the supply
CrudeOil important levels to watch are as follows
📍 Support: 6020
📊Sell below: 6020 only on 15 minute candle closure below the level.
📉Target 1: 5970
📉Target 2: 5900
📍 Resistance: 6100
📊 Buy Above: 6100 only on 15 minute candle closure Above the level.
📈Target 1: 6145
📈Target 2: 6200
📈Target 3: 6250
⚡⚡ Remember each level will act as a support and...
Nifty Analysis
Recap from yesterday: “I do not wish to change Nifty’s stance — I still prefer to look for long-only trades. However, 21341 would be the laxman rekha for me tomorrow also.”
4mts chart link - click here
Nifty does another gap-up today which is sold into falls over 142pts ~ 0.66% to hit an intraday low of 21337 before reversing. Quite...
COPPER made inverse head n shoulder pattern on an hourly chart with decent OI & also near its strong resistance zonce of 715.
If copper breaks past 715 then buy with mentioned stoploss & target.
Risk:Reward = 1:2
NSE: OIL is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed...
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels act as support and resistance. You have to trade according to...
CrudeOil important levels to watch are as follows
#Support: 5870
Sell below: 5870 only on 15 minute candle closure below the level.
Target 1: 5820
Target 2: 5740
#Resistance: 5955
Buy Above: 5955 only on 15 minute candle closure Above the level.
Target 1: 6010
Target 2: 6080-6085
=> # Remember each level will act as a support and resistance...
