Chiradeep_Banik

About me I am a Forex trader. I trade usually keep my trades open for 5-6 Hr to a 1 day. I basically trade the major currency pairs but if the set-up is right I take trade in minors and exotic pairs too. I trade based on trice action and candlestick pattern.

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0 Followers 3 Boosts 5 Ideas 0 Scripts

Markets Allocation

100 % forex

Top Mentioned Symbols

CADCHF 20% | 1 CADJPY 20% | 1 EURUSD 20% | 1 NZDUSD 20% | 1

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Bullish on EURUSD

EURUSD

, 240Long

Chiradeep_Banik

Overall bullish market most likely to touch the resistance levels before pulling back.

Current situation on CADJPY

CADJPY

, 240Short

Chiradeep_Banik

The pair is currently rejecting from a major level of resistance. The lower time-frames indicate a trend reversal. A short position with a tight stop-loss and a take-profit at 1:3 risk reward is preferable. the opportunity is in the 4 Hr time frame.

Current situation on CADCHF.

CADCHF

, 240Long

Chiradeep_Banik

Currently the CADCHF is testing the previous low and also a very strong trend-line. Chance is that, it will at least test its previous high or would would show a bull run. It is a good time to long, likely on the 4 Hr time-frame.

Current situation on USDMXN

USDMXN

, 240Long

Chiradeep_Banik

Currently USDMXN is testing a previous demand zone. Moreover according to the COT report Mexican peso is set to show weakness. now is the great time for a long, preferably on the 4 Hr. time-frame.

Current situation on nzdusd

NZDUSD

, 240Long

Chiradeep_Banik Updated

Currently, as we can see the nzdusd is in an acute downtrend. It is very close to the trend line and has also hit a demand zone that was tested many times in the past. The trade is on the 1 hr time frame. All the anlysis that I made was on the 4 hr and daily timeframes. ### Appropriate risk reward is 1:3 here..