As we can see on the chart, USOIL is trying to break out of the wedge. Once its successful in doing so, we can expect a good upmove. We may look for long trades in shorter timeframes.
Nifty has been moving in a corrective slow wave upwards and is possibly a C upwave. We may look for buy setups in intraday for possible retest of the zone as marked on the chart.
Banknifty has been moving sideways to up and has made a good zone for a leg up.
Banknifty chart has a nice setup for a short trade as shown.
Gold has faced resistance and is falling towards the immediate support zone.
Bank Nifty has moved sideways after the last trading days bear move and has formed a zone of uncertainty. The logical move now seems down. The trade setup provides an excellent risk reward opportunity. All the best!
AUDJPY has been moving sideways after the bear wave downwards. The setup provides a good risk reward for resumption of the bear trend.
Nifty is right now in a corrective phase and will try and complete the C wave of the ABC down leg.
As we have not had any reasonable pull back, its but logical to look for resumption of downtrend. Setup as shown.
Gold has retraced in a corrective upwave and provides a good short trade setup as depicted.
As we can see from the chart, the down leg still have some steam left for the ABCD pattern. So, intraday we may look for short setups on nifty.
Nifty is near the bottom lows after a gap up start. So, we have an excellent trade with favourable risk reward opportunity for the C wave up.
Dow opened gap down and has corrected up for the day. It now provides a good shorting opportunity once the down trend resumes as shown.
Gold has broken up from the wedge and now moving up for the immediate C or 3 up wave.
Crude has been moving sideways for the better part of the day and now looks poised for a down swing. The trade setup provides an excellent risk-reward ratio. Entry on break....still awaited. All the best!
Based on the chart setup posted yesterday, we got the entry as depicted. Hopefully we will be able to achieve the target.
Nifty has been trading in a very small range on the daily chart and basically forming a contraction zone. This being an important support level, hopefully will not be breached. However, the 2H chart suggests some down move as depicted and it provides a good risk reward ratio for the bears. Will be looking for the short trade entry 2morow.
The current setup provides a good risk reward ratio for a short trade. Lets rock!