USDCAD - SHORT TRADESymbol - USDCAD
USDCAD is currently trading at 1.37360
I'm seeing a trading opportunity on buy side.
Buying USDCAD pair at CMP 1.37360
I will be adding more if 1.38000 comes & will hold with SL of 1.39000
Targets I'm expecting are 1.36200 - 1.35400 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Shorttrade
DOUBLE TOP VISIBLE IN XAUUSD - SHORT OPPORTUNITY IN GOLD ?Symbol - XAUUSD
Gold has given a huge up move in recent months after breaking out of 2070 - 2080 zone.
Gold went till 2430 on 12 April and witnessed sharp selling immediately from that level. After consolidating, It tested 2420 level today again and exhibited sharp selling from that level for the second time.
XAUUSD CMP - 2392
I'm planning to short it between 2392 - 2410 with SL above 2427.
Gold is following a support trendline. I will add more position on breaking this trendline.
Targets will be 2358 - 2338 - 2300 - 2260
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
EURSEK - HEADING SOUTH ?Symbol - EURSEK
EURSEK is currently trading at 11.57200
I'm seeing a trading opportunity on sell side.
Shorting EURSEK pair at CMP 11.57200
Holding with SL of 11.62000
Targets I'm expecting are 11.42500 & beyond.
This is a high risk trade. Let's see what happens!
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX BULLDEX HEADING FOR A CORRECTION ?MCXBULLDEX is currently trading at 17350 which is a long term resistance zone (17300-17700) for it.
I'm expecting a profit booking in MCXBULLDEX from these level.
I'm creating short positions at CMP 17350 & will be adding more short positions if 17650-17700 comes & Hold with 18000 as SL.
I'm expecting minimum 1000 point fall from here & expecting 16400-16200 levels soon.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX GOLD - ONE MORE SHORT ATTEMPT ?MCX GOLD is currently trading at 68900.
I shorted GOLD twice in last three weeks. One position was closed in 700 points profit and other went 1000 points in profit and then closed CTC.
I'm shorting MCX Gold Futures once again at CMP 68900. I will add more short position if 69600 comes & will hold with SL above 70100.
I think rally in gold is about to end and I'm expecting Gold to fall soon & change its trend from bullish to sideways - negative. M pattern is in making in 4 HTF.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX ALUMINIUM - LOOKING GOOD FOR A SHORT TRADE ?MCX ALUMINIUM is currently trading at 212.
210-215 is a good resistance zone for Aluminium as per price action and longterm charts.
Hence I'm opening short positions in MCX Aluminium Futures at CMP 212.
I will be adding more position if 215 comes & will hold with SL 218.
Targets I'm expecting are 205-202 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
XAUUSD ShortThis analysis was based on the symmetrical triangle pattern after a long period of order building the market was sideways for too long leaving the candle stick pattern in the triangle pattern which usually has a breakout but since it was New York opening hours and the weekend the movement in the market was so aggressive that the sell was very profitable
Mistakes: the mistake I made on this trade was the lower profit margin that was set i should have anticipated the aggressive movement and should have kept more pips for take profit
Bank Nifty AnalysisResistance at 43800 and buyer more active above 43800 only
Support at 43540 if open gap down may fall till 43300 and bounce back
If sustain above 43800 then may buyers can come till next reisitance 44000
As per trend analysis buyers are saving the falls but unable to make higher highs might today it can be CE buyers day!
note : Do your own analysis before taking trade or making invesment
Short Setup in Marico FuturesTrend - Negative
If the price sustains below 541.40 then it could see the levels of 525 and then 510
The price gives a breakdown of 541.40 which is a 38.20% Fib retracement level.
A strong bearish crossover near an important level of 28.60% (Fib retracement).
The breakdown of the Bollinger band
Hit the like button!! Show some energy!!
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
USDINR - REVERSAL PLAYThe Indian Rupee (INR) has depreciated by 1 RS against the US dollar in the past month and is approaching its historical peak, a potential reversal opportunity. Consider taking a short position, using a tight stop loss set at the all-time high of 83.6 . This decision is bolstered by the presence of a bearish divergence, lending further support to this strategy.
Simple and price action! Bank Nifty Analysis - 46200 to 46300 Sellers area pushed down buyers 2 or 3 times
- Support area from 46025 to 45955 also round area more traps can happen
- Looks like Gap Down opening is expected
- also trend line support and forming wedges, A good move expected on below 45980 to 45900.
Note : Above analysis is only for learning purpose. Do your own analysis before making any trade.
Dow jones Look Good for Short* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
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Mini Dow jones Level's
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SMC Selling area is near 34906 - 34930
And Short Area is 34906
Below this level 34765 free fall will start.
************************** Target down side ********************************
Trade : Sell between 34906 - 34930 SL will be 120-130 Points (35033)
Target will be downside : 34680/34599/34483/34400/34311/34225
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#PIIND... Looking good 30.05.23#PIIND...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS