Forextrading
GBPJPY going to break its upward trend channelGBPJPY has been on an upward trend channel for quite long time. It has approached a major resistance level now and has completely formed a head and shoulders at the resistance. It may fall a little, but the trend is still bullish. Let's see if the bullish run will end or not.
NZDUSD ShortA detailed technical analysis of NZDUSD (didn't use advanced technical tools). NZUSD is currently near a major resistance line, forming a double top near it, a double confirmation for its fall. But if it breaks the resistance, it may become a major support line. On the daily timeframe, NZDUSD gave a nice pullback, confirming its fall.
NZDCAD - Trendline Breakout and Retest done.We have found a trendline breakout and retest on weekly and daily charts, which is considered to be a strong signal. Look out for shorting opportunities on smaller timeframes.
BE ALERT - We are at the Support zone at CMP. So kindly wait for its breakout for more secure trades.
EURUSD - Breakout of Parallel ChannelEURUSD has given a clear & strong breakout of Parallel Channel towards the downside. It reversed from the resistance, which makes our second confirmation. We should look for shorting opportunities on EURUSD till it reaches its target. You can follow me on Insta - tradintra_fx.
EURCHF: Is it the starting of Stormy 3rd wave ?In this video detailed explanation of applying elliott wave principle has been discussed taking an example of current price structure of a currency pair EURO-SWISS. i.e. EURCHF .
One should go long in the region of 1.07000 - 1.70400 keeping a SL of 1.06618 for the target zone of above the wave 1 highs that is above 1.08710
USDINR - The Box Match@69.16Education & Trading Idea
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Mankading
Controversial Strategy Mankading has been discussed which is used at times to score a plus against your opponent and compared with similar box kind of strategy used in real time trading.
The act of dismissing a batsman when bowler makes the bowling action before he could complete the bowling -non striker batsman leaves the crease & bowler removes the bail. This act is called Mankading & was named after legendary cricketer - Sir, Vinoo Mankad
Latest Mankading act which I recollect was seen carrying out by famous cricketer- Chris Gayle in IPL & In Under-19 Cricket World Cup -West Indies V/s Zimbabwe where West Indies took the last quarter-final spot with a thrilling, but controversial, two-run win over Zimbabwe & finally winning Under - 19 World Cup.
That's the power of Mankading.
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Trading Strategy
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Strict Stoploss - 68.00
Target 1 Zone -
71.50-71.80
Target 2 Above 71.80
72.50
Target 3 Above 72.60
74.50
Target 4 Above 74.50
Can it be Up Up & Away
Thanks for watching this video.