Jimmy_Rebello

Jimmy_Rebello Updated 

price was in upstrend following higher high and higher low on friday price broke the higher low, it was the first sign of trend change on momday it was like pullback as price made internal (lower time frame higher lows) but got resisted at fib 0.5 projected from recent high to recent intraday low or friday low as smart money concept if the pullback has to...

Jimmy_Rebello Updated 

a sharap rejection from 104 zone which is a good resistance for dollar index we can see its effects on usd pair currency and can take confluence confirmation if dxy break its higher low of 103.200

Jimmy_Rebello Updated 

we had been waiting for this setup and we didnt took any long for usdcad instead we looked for sell setup and today price got rjected and confirmed about change of trend with double top or M patern exactly on the higher time frame resistance zone aggresive trade can enter short and conservative trade should wait for a small pullback and sell on 0.5 fib...

Jimmy_Rebello Updated 

after failed attempt on thursday price then trying form a base near the medium timeframe demand zone (mtf) as such condition it is likely considered as trend (thursday fall) >>>> then side ways for liqudity generating and >>>>>> then (trend continued) on side 19080 18922 are curcial level to watch 18700 will be third support where price is likely to turn...

Jimmy_Rebello

usdjpy has been rallying all the way from april and a little bearish move during 6-13 jul 23 now the price has reached almost to the previous high and resistance zone on daily time frame we noticed the price has created the evening star pattern (bearish) and on medium time frame price a made impluse movement seems like liqudity grab and with two candle...

Jimmy_Rebello

considering my demand zone from 61250 - 62000 and recent resistance from 67620 - 66850 price has been forming lower high and lower low can continously decline on aug 24 price tried to break free above previous lower high of 16 Aug but failed and resulted into a breakout failed the yellow then indicates the descending selling pressure area from demand zone...

Jimmy_Rebello Updated 

price got rejected from dotted ascending trend line previously we have decide to go long on crude as there was good setup as per smc but price didnt came to our buying limits and a sudden gap down creates a panic and price got sold out now price has breached first higher time frame demand and halting at non mitigated level which is another higher time frame...

Jimmy_Rebello Updated 

price is in side ways phase on medium time frame which mean on lower time frame price will react as buy on low and sell or rise the range is 59050 resistance and 58280 currently the price is trading at resistance level on 15m triangle pattern is forming , which is in between of medium time frame pattern , on medium time frame there is bearish flag so im...

Jimmy_Rebello Updated 

GOLD FUTURES (MCX) continued to decline from the 59900 lvl and has broken the mtf support of 58135 with a gap down price then retested the support, (as the support breaks it will act as resistance now) similarly we seen a rejection and price coming back to day low further if the day low is taken out, we can project the price heading towards its higher time...

Jimmy_Rebello Updated 

copper on 1 hour chart made a textbook head and shoulder pattern and the head was exactly at pin point rejection with resistance zone of 756-762 lvl after completing the HnS pattern price made pullback , which was exactly rested on fib lvl of 0.5-0.6 in between which projected the price towards down side of 716.50 also there is one trend-zone coming from higher...

Jimmy_Rebello Updated 

we have seen good volatility in crude in last two week as price was trending both sides again there is CHOC in the 1h chart as price made the correction and came back towards the higher time frame demand i am expecting a pullback or a retest towards the reversal of medium time frame which is 6600 with sl 6500 below the higher time frame demand zone ( or you...

Jimmy_Rebello Updated 

price is making HIGHER LOW follow the HL and wait for the price to get into Higher time frame SUPPLY ZONE we further look for LOWER HIGH & LOWER LOWS with good risk to reward we can enter the trade and aim for the recent HIGHER LOWs (marked in green zone)

Jimmy_Rebello Updated 

61845 was the HIGH 60,000 to 59,500 has the bearish liquidity side where the price is getting rejected also from the top to lower time frame lower high i.e. 5700 we got pullback and retraced back to 0.5 of fib zone which is giving selling pressure the nearest LTF support we have is 58735 and further downfall we can see if this level break will be upto 57650...

Jimmy_Rebello Updated 

this is long setup for GBPUSD we will wait for the price to come at our POI and break the LH with bullish candle on poi we can enter the trade

Jimmy_Rebello Updated 

AUD-USD is moving in sideways pattern in HTF where we are aiming to buy on lows and sell on highs on 1h time frame there are few key areas to lookout LTF Demand Zone 0.65190 to 0.64970 LTF Supply Zone 67395 to 67140 Pullback Area 0.66030 - 0.66320 we also have bullish divergence on RSI indicator we can use pullback area as Target 1 and LTF supply zone as...

Jimmy_Rebello Updated 

1. for pullback trader or people on short side will trade based on lower low and lower high formation but price movement on down side is bit slow and steady if price reacts on 2nd poi but, does not break the recent (internal lower low) of 141.500 and makes higher low this make the short trade very choppy mind exhaustion 2. for long side trader price might...

Jimmy_Rebello Updated 

1. Trade pullback ? >>> let price get back to POI for entry with sl above POI (offers good R:R) >>> follow the lower high lower lows pattern >>> exit on price switching to higher low 2. Conservative Trade ? >>> wait for the price to get a DISCOUNTED ZONE (fib 0.5 from recent swing low to high) >>> long on swing making higher low and higher high (avoid...

02:02

Jimmy_Rebello

looking for sell on rise until the price gets to the value zone as said and then will look for higher low and higher for long setups