This is not a prediction, I am not planning on shorting it (unless it starts to become dead obvious) This is something that has non zero chance of happening so definitely something to be aware of/prepare for. Dont get caught without a chair if the music suddenly stops :) Good Luck!
Hello Guys! Hope you had enjoyed the festive season... I enjoyed a lot... with Ganpati Bappa and Gauri Mata's Ashirwaad... May God shower blessings on all of us... Sorry ! As I did not post anything for a while... This week's USDINR view is as follows : USDINR was sideways for quiet sometime, consolidating in a triangle pattern. It broke upwards today and I...
USDINR in a downtrend channel still as published previously. Now it is also showing Head and Shoulder pattern if breaks the neckline will give good targets similar to the length from top of head to neckline. If it fails to break down, then sideways view continued till it breaks upside. Will look for price action tomorrow and take position of bear call spread if...
as we can see that audchf is came to the weekly and daily support level also we can see on m30 timeframe that market has broken trtendline , what i want from audchf is if audchf come to retracement on trendline than i will love for buy audchf, i think this will be great setup for live audchf signals for forex
USDINR finally printed an Evening Star kind of pattern, taking resistance of a downtrend channel. Not in any trade this week as I was not very clear with my view. Now, will take the trade tomorrow, based on price action, will try to execute bear call spread and will try to sell on a bounce if I get one.
Monthly chart for USD/INR formed ascending triangle and looks ready for a potential down move. Things to consider: 1. Ascending Traingle formation 2. Monthly Resistance 3. Macd & RSI indicating down move 4. Half M formation (could complete to make full M) How to enter: 1. Review the market conditions as i presented 2. Locate the monthly resistance 3. Take entry...
USDINR is stucked between 50 & 200 EMA Hence, the strategy applied is Short Iron Condor Sold ATM CE & PE Bought OTM CE & PE to cover Sold Options / Hedge Break Even Points Downside BEP 74.11 Upside BEP 74.64 Max Profit expected : 12%
USDINR in Channel Taking Support and Resistances in the channel drawn. Looks downtrend in near future. Happy Trading !!!
Scenario 1 : Continues the Head n Shoulder breakdown (can you spot Head and Shoulder?) to achieve T1 of Head and Shoulder breakdown target & 200 EMA Support. If breaks further, then T2 can be achieved which is a support of 2 hammers printed previously. Scenario 2 : If it does not break and open flat or gapup, it may consolidate here before breaking down....
Possible Top is formed with Fake Breakout and strong inverted hammer. View : Sideways to Bearish Resistance @ 74.75 Support at 74 Short Straddle 74.75 or 74.5 Strike is possible Or my favourite Bear Call Spread. Sell 74.75 CE and buy 75 CE this must be done on bounce, if we get one for this week's expiry.
USDINR formed a bearish divergence Carrying a bear call spread for this week's expiry Sold 75 CE and Hedged 72.25 CE, buying it.
After a successful rally Upside, we have analysed that it will rest now. Range bound movement is expected... May go for strangle after tomorrow's expiry is closed.
HOURLY INCOME/ DAY TRADE WAIT FOR THE RIGHT OPPERTUNITY AND ESTABLISH THE POSITION - VIEW FOR THE DAY IS L O N G
Price squeezing and may break either side... Bias is Bullish though will act on break out / break down...
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION !