OANDA:GBPAUD GBPAUD has broken out and is now currently retesting as I am writing. It is in an important level as it is a confluence of 1HR FVG and also 0.618 retracement level on daily chart. #GBPAUD #forex #trading #swingtrade
OANDA:EURCHF We can see a good bearish trend on this pair and I have personally been shorting this pair whenever the price comes to a supply zone. We could get another opportunity to short if the price moves to the green zone as shown above. A good 1:2.5 RR can be expected if the entry criterias match up!
NSE:NIFTY As you can see in the chart, Nifty is near a very important resistance level! I will be going long on stocks ONLY IF Nifty gives 2 successive DAILY candle closes above the resistance trendline. I will be waiting for a confirmation before entering any trades for now! You can go through my previous post on how DXY affects the stock markets and how it can...
OANDA:EURUSD EUR/USD is at an important demand zone. If we get a 1HR candle close below the zone, we can go short till the previous support. The stop loss will be right above the zone shown in green. #avz #avztrades #forex #eurusd
TVC:DXY As we can see in the chart, DXY has broken the most recent low which is an early indication of a downtrend. If DXY takes support in this region, we could see a good support being formed. The question is, how does it affect affect the stock market and economy as a whole. Firstly, we need to understand the correlation between DXY and the stock market....
US10Y-TVC:US02Y Economists: Recession incoming! World Leaders: Recession is out of the books. Whom to believe? Here is my analysis from a technical standpoint👇 As someone who believes in data driven decision making, the technicals point towards a recession. How so? When the difference between the 10 year bond yield and 2 year bond yield becomes negative,...
OANDA:EURUSD EUR/USD has been downtrending for a while now but we are seeing rejection from lower levels. This has resulted in the formation of an ascending triangle pattern. However, this must be a quick trade with the immediate resistance as the target. A postive candle close above1.02751 on 15 min TF is needed to go long! #trading #forex #eurusd #avztrades #avz
OANDA:EURAUD EUR/AUD was in a preceding downtrend and now after a pullback it has broken the support trendline. Stoploss can be above the previous swing high and immediate target can be the previous low.
OANDA:AUDCHF AUD/CHF has broken down from its flag and pole formation. We can expect a good down move in the coming days. The stoploss, target 1 and target 2 are mentioned in the chart above. Trade with proper risk management. #trading #forex #audchf #avz #avztrades
OANDA:GBPUSD GBP/USD has formed an inverted head and shoulder. There is also a support trendline that it is following. If the price comes down to the confluence region of the demand zone and the support trendline, we can go long between the range of 1.2041 to 1.2081 with a very small stoploss below the demand zone. Conservative target is 1.2337 Please note that...