Thursday, May 24, 2018

Gold Futures Pending Sell limit 1315.40 Stops around 1321

Trade Gold Futures Gold Futures has been rising quitely from the bottom but bears are still looking to attack 1250 area ahead of 1310 area which is a good location to short.

As you look at the chart there is strong Rally Base drop and if you look past history you probably will find clues of the distinct price location where price change direction several times and this time this is going to be strong enough to rally ahead of the weekend.
Stops should be tight and as adviced.
Sell limit around 1315.40
Stops around 1321
Target 1st recent lows around 1273
Target second 1253

Thursday, May 10, 2018

Usdcad pending sell around 1.2910 Technical Analysis

Forex Price Action Supply and demand Analysis Price has managed to breach the crucial demand level 1.2810. We can see retest with compression on h4 time frames,but I am somewhat sure that target is not yet reached.
We should watch & wait a retest of the level 1.2915.
Take a look at the chart of USD/CAD below.

So, Trade entry would go this way.
Usd/cad pending sell stop around 1.2915
Stops @ 1.2936
Target 1st 1.2710
Second 1.2630
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Update of the Trade on 17th May 2018
Trade closed all the orders around 1.2740
+170
Note :-Weekend trading are not preferred

Loonie Chart for the reference

Friday, March 30, 2018

Price Action zones trading with gbpusd daily chart

Trade forex for a living with supply and demand Hi Readers !
Welcome to the blog . Its quite a while since I posted any chart but that due to my busy schedule. Opportunity is on the chart with a 7 times Risk Reward. Please do apply proper risk management with the trade as this level is clear seperator between bulls and bears.

Pair Gbp/usd
Entry point at 1.3847
stops around 1.3825
Target flat 1.4000

Saturday, February 03, 2018

How to trade like banks and institutions & make a living trading forex

Banks and institutions forex trading I've added best of the videos from you tube to clear the doubts and approach on how to trade like banks & financial institutions.

Price action analysis of canadian dollar against us dollar



Usd/cad approaching crucial area of 1.2600. I would like to see the reaction as this area had strong pushes up and down on weekly and looking at h4 reaction has already started & approach to area can result in strong sell-off.


Sell usd/cad pending sell @1.2600
Stop @ 1.2635
Target 1.2480

Thursday, February 01, 2018

Price Action analysis of eurdollar Forex Technical update

Hi Readers,
Euro has managed to hold the area above 1.2450 & looking good to test another crucial resistance and psychological level around 1.2600
For price action traders it is quite necessary to look for reward to risk & price is reacting to previous highs but as we are approaching NFP today, I am expecting and going with the recent approach to high.
You can wait for the release of Non-Farm payroll or you can take small risk but make sure that you protect your entry with protective stops.
Buy Euro/usd 1.2480
Stop 1.2435
Target 1st 1.2580
Second 1.2650