Short Recap - Gold had good rally from 6th oct , to the upside from 56500 to 61250 Currently - price is hovering around the higher time frame bearish order block which is resulting a resistance phase to gold price from (61500 to 60500 zone) there is been a internal CHOC (trend change) from bullish to bearish although the bearish continous will be confirmed...
The three major US stock indices continued to eke out small gains while bonds rebounded from Monday’s corrective move lower, pushing yields down again. Several Fed speaks turned out hawkish still despite last week’s dovish pause and data weakness seen in the labour and services sectors. Fed Logan said inflation still remains too high. Fed Waller said the spike in...
BANK NIFTY:Though it moved from 42600-43600 the candle pattern was not at all convincing as in the last 3 days it managed to form DOJI Pattern-sign of indecisiveness and tug of war between Bulls and bears. But todays candle stick pattern looks more convincing as the bearish gap got filled and Bank Nifty managed to form a solid bullish candle. Rounding bottom in...
Not so perfect but ABCD pattern is finished and now it is a buying opportunity above 796 with targets of 806.50, 815, 823, 849.50 Stop loss will be below 786 and once the T2 is reached it will be shifted to entry to safeguard the capital.
With the completion of ABCD pattern, Bsoft is entering a sell zone below 539. So selling below 539 Stop loss above 557 Targets are 525, 518.50 On successful breakout of T2 518.50, next levels I'm looking are 507 and 493 but these will be executed with shifting the SL down as the price moves downside.
Gold didn't show any significant breakthrough in its trend after the two major events last week (FOMC meeting + non-farm). The market will continue to divert its focus away from the geopolitical tension from Israel after a few weeks of its breakout; the situation is pretty much like the Russia/Ukraine conflict as the market getting used to the news. 1-hour chart...
Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
The currency pair spent another week in the familiar narrow range of 83.10-83.31. As the base gradually shifting higher closer to 83, the market is no mood to believe decline towards even 82.75 and that the Central Bank would hold 83.30 for long. The risky and sharp moves happen when no one expects. Expect the range of 82.90-83.30 would continue to hold for the...
Short nifty 19200 ce with stop loss 19233 Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the...
Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
Reason for long a) Mr.14 Set up b) Weekly breakout c) Super vwap breakout d) QQE support for long signal e) Open = low f) 15 min breakout ORB g) Good risk reward zone first target at 1R and 2nd target at 2R by shifting the sl to entry point, once, the 1R is reached. SL compulsory
The currency pair spent another week in the familiar narrow range of 82.97-83.31. As the base gradually shifting higher closer to 83, the market is no mood to believe decline towards even 82.75 and that the Central Bank would hold 83.30 for long. That is a risk. The sharp moves happen when no one expects. Expect the range of 82.90-83.30 would continue to hold for...
Dear friends, Let's explore the market with Samson today! Moving away from the upward trend, the EUR has lost momentum in today's trading session. This is due to the strength of the US dollar. Attention has now shifted to the meeting of the European Central Bank (ECB) and economic data from the United States. In terms of technical analysis: The price is...
The currency pair spent another week in the familiar narrow range of 83.03-83.29. As the base gradually shifting higher above 83, the market is no mood to believe decline towards even 82.75. That is a risk. The sharp moves happen when no one expects. A stray chance of a quick move towards 82.65 cannot be ruled out. Expect the range of 82.90-83.30 would continue to...
An interesting trade if the markets decide to cool off. With several large world economies selling treasuries..they could be shifting to physical gold.. This might make at first an interesting short term trade to 52.45..an if that breaks out then go much higher... Might be a great contra market trade if and when the markets correct atleast while gold is ripping higher.
Past week witnessed repeat of the same narrow range by taking 83.20 as pivot moved 0.10 on either side. As the base gradually shifting higher above 83, the market is no mood to believe decline towards even 82.75. Expect the range of 82.90-83.30 would continue to hold for the week with a crucial support at 82.90 and there could be choppy moves within this range. A...
Dear Followers, I wanted to keep you informed about the latest developments in the MCX:NATURALGAS2! natural gas market. Recent trends indicate a potential Uptrend in natural gas prices. This presents a potential opportunity for a Long position. Key Points: MCX:NATURALGAS1! 🔹 Natural gas prices have shown a consistent downward movement over the past...