Forextrading
Updates for USDINRHi Guys,
Rupee looks strong on the weekly chart, but it seems like it might consolidate in 68.5-70 Range for 1-2 months then it might go for the big move.
It will depend on the price action in the areas I have plotted. Most probably it might go down(Because RSI Seems week for USD) because of the structure but still can't say exactly.
This is not financial advice, just my thoughts.
Thanks.
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.
EURUSD Following Down Channel Pattern - Forex Technical AnalysisWe are doing EURUSD Analysis in Daily Time frame
as you can see right now market is Holding Down channel line Support area. if we take entry from here then our risk to reward was perfect that is 1:3
If our target hitted then we will be in 120 pips profit
Target : 1.13584
Stop area : 1.11660
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
NZDUSD SHORT-MID termWelcome to my !NZDUSD analysis. NZD is giving us some good trades this month and i believe it will continue for the coming week.
i believe we are completing the 4th wave /B wave of 1-2-3-4-5 / ABC correction.
We have formed a contracting triangle with abcde waves and the price should breakout of the triangle upwards
Wave E seems to be done however POINT 1 ( anchored note ) : this could be just an ( a) of E, but since the price is very close to C wave we would take this as completion going into the trade.
Typically i like to play the triangle scenario safe and market buy on the breakout of the BD trendling.
however POINT 2 : the preferred target for me is the 0.70xx range and the RR just isnt that great standing at about 1.22
The RSI is showing us a hidden bullish divergence with a nice bullish candle to close the day. FOREXCOM:NZDUSD
Trade how i am taking would be market buy at about 0.680x area
target 1 : 0.70xxx a potential of 3 RR
target 2 ( being positive ) : 0.71 a potential of 4 RR
Stop loss : 0.6735/0.6712
pips from entry : 65-88 ( your risk management your own preferred stop loss )
i like to place the stop loss below the suggest low of E at 0.67350 ish, can be placed few pips below the low of C at 0.67120 or something. it all comes down to your Position sizing and risk management.
ill be looking carefully at the Stop loss and move accordingly.
My last trade was worth only a small amount of profit on the overrall trade. losing one position with stop loss and carefully taking profits on the other one before price moving in the different direction. link below if you want to check that out.
My first for Forex, NZDCADWelcome to my first analysis, !NZDCAD is a pretty simple setup
---> RSI making lower low
----> price making lower high.
im expecting a retrace to about 0.901xx for initial target and 0.899x for the next. if it achieves that we shall take it from there.
(( seems to be making some sort of a diagonal ))
GBP NZDGBP NZD - Daily Chart - After seeing a good downtrend, looks like the pair is trying to reverse. Inverted H&S is still in process. Pattern will be confirmed only on breakout. But seeing at the Chart Structure, looks like it will. Patience is the key here. Now as pattern is identified, we will have to wait for breakout before initiating the long trade. Further, though the targets of the Pattern come way above our Resistance Zone, its better to book them at the Resistance Zone itself as the same are in confluence with 0.618 Fibo Retracement
TECHNICAL ANALYSIS, FOREX, EURNZD#3
I leave this chart for educational purpose because I really didn't enter here but i definitely traded it in my demo acc.
Confluence 1: Formation of a perfect head and shoulder.
Confluence 2:Breakdown.
confluence 3: Retest with a decent bearish candle.
Stay humble.
Stay blessed.
Work hard.
NZDCHF#2 Being new to tradingview and not able to post previous chart when I entered long on the script, i will make sure I will keep uploading charts whenever i feel the set up is good.
Anyway, lets begin.
Why i entered? - "Well, the price has been on bearish trend. When the price before the entry tried to break the resistance but couldn't do it.
But later, when i had patience, i observed that the price has closed above it. I quickly noted the following:
Confluence no.1: The price finally after first initial try,broke the resistance and closed above it.The breakout of high was my entry.
Confluence no.2: The price was consolidating nearly and not letting the seller push down the price.
Confluence no.3: The price on daily chart is respecting the fibLines.
thus i managed to enjoy a good risk:reward. :)
Stay blessed
Stay happy
Stay Humble.
EUR CHF - Daily ChartEUR CHF - Daily. We feel the pair has broken out of Downtrend as lower highs has been broken. However, still it cant be said that the pair is in uptrend. Prices are reversing from the resistance zone. Will have to wait till the breakout above Resistance Zone for saying that the pair is in uptrend.