anshuman_05

anshuman_05 Updated 

Looks like another breakout from the consolidation pattern on the hourly timeframe. The pair has the next resistance only at 145 level. That is a lot of room to rally.

anshuman_05 Updated 

Another yen pair where we are seeing a breakout and the closest resistance is a long way away. Also note the hike by ECB yesterday of 0.5% point will lend support to pound.

anshuman_05

Dollar index saw a sharp rally previous week and we saw some retracement in the index on friday, however we are now seeing another round of rally and this time is looks like a consolidation pattern is being formed and the breakout from the pattern will be bearish for bullion and even equities. The index took support from the pivot level and then is bouncing up...

anshuman_05 Updated 

Kiwi has come to a key pivot level and the oscillators are also oversold. There is a case for some mean reversion in the pair at this level. Stops can be below the support and the long positions probably can be hold over the weekend as well. It will be difficult to take this level out for the bears in first try.

02:02

anshuman_05 Updated 

Natural gas has been rallying over the last week and it has broken above some key pivot levels, in this video I discuss the key level and what the potential entry point can be for the commodity when it corrects further and the potential upside target. Coupled with the fact that this commodity is also below the long term mean prices mean that the long trade has a...

anshuman_05 Updated 

XAG/USD Is approaching a very strong pivot level. This level has been tested several times in the past and as we can see on the chart it has been acting as support and resistance both. With the silver having a very sharp fall it is very likely that this level will act as a support, and there can be mean reversion after the extended fall that we have seen in the commodity.

anshuman_05 Updated 

The pair has broken out from the flag pattern and also has broken above a key level. The closest resistance now is at the 1.1085 zones. There is a good chance that the pair goes till there. It will also have an impact on the eur/cad pair which has been in a range. There is a good chance that now even that pair breaks out from the range. Stop for EUR/USD can be at 1.0943

anshuman_05 Updated 

The EUR/USD looks like it is forming a continuation flag pattern after a good uptrend which is a bullish sign. The breakout has not happened yet but there is a very good chance that it will indeed breakout from the flag. The pattern also looks a lot more mature now, so the breakout will be a lot more reliable.

anshuman_05 Updated 

The pair has been correcting for a long time and has now come to key pivot level on the hourly timeframe. This level has acted as support earlier after the breakout and with the pair so oversold a bounce at the first touch is a high probability. An exhaustion candle on the downside also seems to be forming which is generally indicative that some mean reversion in...

anshuman_05 Updated 

Bitcoin took support at the neckline of the head and shoulder pattern and now is back to the former resistance levels from where it fell. This is a key pivot level and any break above this will open up a substantial upside for the crypto currency. We have also been getting a good rally in the equities and is there now a case when the riskier assets are being...

anshuman_05 Updated 

GBP/USD has been in an uptrend since the pair broke out from the head and shoulder pattern on the hourly chart. After being slightly overbought the pair is now testing the support after retracement. There is powell testiminy in about 6 hours from writing this idea. There is a strong chance that the pair bounces from the support till then. Expect the next few hours...

anshuman_05

the counter has run up a lot recently and a consolidation rectangle on the hourly charts has been formed from which the pair has broken down. We are looking at the support of around 179.5 as the target.

anshuman_05 Updated 

AUDCAD is forming a bearish pattern. Good short sell with the stop at 0.9070.

anshuman_05

Looks like a flag breakout on the hourly charts. The next resistance is at 1.3000. We have considerable room to rally from here after the breakout. Stops are below the recent lows on the hourly timeframe.

anshuman_05 Updated 

Potential ascending triangle being formed in the commodity. Given the long time on the hourly charts this can take the commodity to the previous months highs. Worth going long with the stops just below the nearest low.

01:13

anshuman_05

Zinc is now looking overbought on the oscillators, there is a minor resistance here and hence there is every chance that we get some sort of correction from the current levels.

02:59

anshuman_05 Updated 

This is a small video on how to calculate the target in the head and shoulder pattern which will allow us to place an alert using the tradingview tools. The tradingview tools make calculating the exact target based on the patterns a lot more easier. I hope this video helps the beginners, please note this is only for beginners and if you are already familiar with...

anshuman_05 Updated 

Gold has broken down from the consolidation from the flag pattern. Bearish overhang on the commodity is likely to continue in the near future and we can see some more correction coming in. There were a lot of gold positional longs and they will perhaps have the trailing stop loss triggered, that can lead to some fast moves on the downside.