Weekly Trade Setups – 30th July to 3rd Aug 2018

PLS NOTE : All chart analysis posted below are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone]

 

NIFTY :

 

NIFTY has broken up its lifetime high of 11171 and exploded bullish and closed tight above 11171 area as seen in the above price chart of NIFTY

Without speculating we will follow the price action which we can see clearly in the price chart above.

Any downward pullback would be an buying opportunity till the price lies above 10900 area

Clear price action buying signals should be observed on any downward pullback on daily time frame at flip support levels of 11170 area or another strong flip support level at 10925 area.

Stay connected for further updates on NIFTY.

 

EURUSD :

We have mentioned in our earlier post that key resistance for EURUSD is seen at 1.1853 area .

We were eagerly waiting for the upward pullback till 1.1853 area to grab selling opportunity.

Suddenly price reversed before approaching  1.1853 area creating an bearish engulfing signal.

Price action Selling signals has to be observed on 4 H or Daily time frame till 1.1853 area to get in line with downtrend.

 

GBPUSD :

Previously we mentioned the key affected zone for GBPUSD lies at around 1.3474 area as seen in the price chart above.

Price got reverse before touching 1.37474 area forming a bearish engulfing signal.

Selling signals has to be observed on 4 H or Daily time frame till 1.3474 around area to come down with the down trend.

 

USDJPY :

We got two tailed pin bars at strong flip support area near 110.90

Also next nearest support lies at around 109.35 area.

Clear price action buy signals has to be observed at flip support zone at around 110.90 area.

We stay bullish till price lies above 109.35 area for USDJPY

 

GOLD : 

We did not found any healthy upward pullback last week.

We should expect a healthy pullback till its flip resistance zone at around 1262 area to find selling opportunity.

We stay bearish for GOLD till the price lies below 1302 area

Any upside rotations till 1302 area will be an opportunity to short sell after getting a price action sell signal on daily time frame.

 

SILVER :

15800 to 16140 zone would be a good location to find for clear price action selling signals as we have posted in earlier post for SILVER.

We can wait for a healthy pullback or correction and watch selling signals on daily time frame in between the flip resistance zone at around 15800 to 16140 area.

 

CRUDE OIL : 

Buying zone for CRUDE OIL is clearly seen in between 67 to 63.66 $ area as seen in the price chart above.

Ideally we will wait and observe price action buy signals for CRUDE OIL in between the zone 67  to 63.66 $ area on 4 H or Daily time frame.

 

NATURAL GAS : 

Following is the weekly chart of NATURAL GAS.

It is clearly observed that price is in side way structure making equal highs and equal lows as seen in the above weekly price chart.

We will plan to observe buying signals at equal low location at around  2.531 area as per the weekly side way structure.

Or else we can find selling signals at around 2.837 area on daily time frame which is a flip resistance to get down till 2.531 area

Stay connected we will post next updates for Natural Gas.

 

LEAD : 

We were so eager to see a upward pullback till the flip resistance area of 2246 area last week.

But last week we found consolidation with stuck movement of price.

Generally we trade healthy pullbacks.

Ideally we can wait till healthy upward pullback at around 2246 and watch selling signals on daily time frame to get line with the downtrend.

Or in such a aggressive downtrend we can observe price action selling signals on 1 H , 4 H or Daily time frame till price lies below 2246 area to enjoy downtrend

 

ZINC :

Last week we were expecting a upside pullback for ZINC as shown in the above price chart.

Ideally pullback levels start from 2671 till 2969 zone.

This week we are planning to observe selling signals in between the flip resistance zone of 2671 to 2969

 

ALUMINIUM : 

Key reversal area i.e multiple affected area of 1987 is clearly seen in the above price chart of ALUMINIUM.

We will wait till the test of  1987 area.

Aggressively we can go long at 1987 area if we get buying signal on 1 H , 4 H or daily time frame at around 1987 location.

Stay connected we will update on this.

 

NICKEL : 

12832 around area is seen strong key reversal area to get a bullish stroke as shown above in the price chart of NICKEL.

We will wait till the test of 12832 around area.

Stay connected we will post next updates on NICKEL.

 

COPPER :

Flip resistance and healthy pullback area is clearly seen at around 6531 area

Price action sell signals has to be observed at flip resistance area till 6531 area to connect with the flow of aggressive downtrend for COPPER.

Watch price action selling signals on 4 H or daily time frame till around 6531 area to come down with aggressive downtrend.

As it is a aggressive downtrend we can observe price action sell signals on 1 H , 4 H or daily time frames at respective flip levels to enjoy the downtrend.

Updates for 24th July 2018

PLS NOTE : All chart analysis posted below are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone]

 

USDJPY : 

We got bullish rejection at the flip support zone for USDJPY as shown above.

Quality of pin bar is not exactly ideal. It seems a medium quality bullish rejection.

Still aggressive traders can take a chance to trade it longside.

USDJPY can be traded long at any price when market opens with a stop loss of 110.74 for the target of 113.00

Remember any close below 110.74 will change our buying views.

We stay bullish as long as the price lies above 110.74 area

 

CRUDE OIL :

We find a strong support area for CRUDE OIL at 63.67 $ area.

We found strong bearish rejection at short term resistance at around 68.80 $ area as shown in the above price chart.

It will be a

counter trade If we trade this bearish rejection found on 23rd July 2018 towards downside.

Aggressive traders can take a chance to trade this bearish rejection rejection downside.

Ideally for MCX CRUDE OIL aggressive traders can go short at 4730 with a Stop Loss of 4790 for the target of 4400 area in coming days.

Also we have strong buying views from 4300 area as it is a strong support area to buy in line with the trend if we get clear price action buy signal.

Weekly Trade Setups – 23rd July to 27th July 2018

PLS NOTE : All chart analysis posted below are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone]

 

YES BANK :

In the above price chart of YES BANK it is clearly observed that price has closed above the key resistance of 367 area.

Also on 13th July 367 was tested and price exactly pushed up from 367 which was a flip support area.

This week we are again planning to watch any downside pullback till 367 area to ride withe the bullish trend above.

This week we area planning to observe clear price action buying signals at flip support location of around 367 area to ride with the bullish trend.

Stay connected for next updates on Yes Bank.

 

USDJPY :

We already mentioned in our previous post that we are interested to watch buying signals after a downside pullback till around 110.90 area.

We can clearly see in the price chart above that price is pulling down as per expectation.

Flip support area of around 110.90 is very close .

We are eagerly waiting for price action buy signal at the desired location of 110.90 area to ride the bull rally.

Remember any close below 110.90 area will nullify our buying views for USDJPY.

 

GOLD :

We have seen a good bearish stroke in GOLD after it closed below the multiple affected location of 1302 area.

Also we have seen a side way structure breakdown and then after price respected the flip resistance of 1302 area and came down aggressively creating a small bearish pin at 1302 area .

we have mentioned this in our previous post for GOLD.

Now this week we area interested to watch an upside pullback till 1262 area to get line with the bearish trend .

This week we plan to observe clear price action sell signals at flip resistance location of around 1262 area.

Stay connected for updates for GOLD.

 

SILVER :

Clear short term downtrend can be seen in the above price chart of SILVER .

It is making the series of lower lows and lower highs.

Also price lies below the multiple affected zone as we can clearly see in the above chart.

Here also we identified the side way structure break down as shown above.

Any upside pullback till around 15800 to 16140 would be an selling opportunity but only after getting a price action sell signal in between the selling zone as shown above.

We will update as the potential signal arrives . Stay connected.

 

CRUDE OIL :

 

Click here  to see the previous post on CRUDE OIL .

As mentioned crude oil exactly bounced up from the mentioned flip support zone of around 69.45  to 67 $ area.

If price rotates down till around 67 $ to 63.67 $ area would be an buying opportunity for crude oil.

Any price action buy signals found at 67 $ to 63.67 $ area would be an buying opportunity to ride with an upside rally.

 

NATURAL GAS :

This week we area planning to watch upside pullback till around 2.840 area to join the bearish rally downside till 2.565 area as shown above.

Stay connected for next update on NATURAL GAS.

 

ZINC :

Above is the weekly price chart of ZINC .

We can clearly see that price is arriving at multiple hadse wala area located at 2430 area.

Ideally we should get bullish pin bar on daily time frame at the multiple affected zone at around 2430 area.

Two scenarios for ZINC is as follows .

If price pulls up till 2966 area and if we get sell signal , we will aggressively participate in it to get down with it till 2430 area.

Or else if price touches 2430 area and we get bullish rejection forming a bullish pin bar , then we will again aggressively participate with it as it is a multiple hadse wala area.

Remember any close below 2430 area will nullify our buying views at 2430 area.

Stay connected we will update accordingly.

 

LEAD :

Any upside pullback till around 2247 area would be a strong selling opportunity in LEAD as shown above.

2247 around area would play a role of flip resistance if we get bearish rejection forming a bearish pin bar .

This week we will plan to wait and watch if price pulls up till around 2247 area and if we get sell signal , then we would be aggressively bearish to come down till 2044 area.

Stay connected we will update on LEAD.

 

COPPER :

Price close below the key support area of 6531 as shown in the above price chart of COPPER.

We are eager to board this bearish trend at around 6531 around area which is a strong flip resistance area as shown above.

Stay connected for further updates on COPPER.

 

NICKEL :

CLICK HERE  to see the previous post on NICKEL

12832 around area is seen strong key reversal area to get a bullish stroke as shown above .

We will wait till around 12832 area and watch clear buying signals on daily time frame to get bullish for NICKEL.

Stay updated for further updates for NICKEL.

 

ALUMINIUM :

After a long time ALUMINIUM is arriving to a multiple affected zone till around 1987 area.

We can expect a bullish stroke upside from 1987 area as it is a multiple hadse wala area.

Exactly from the same location of 1987 Aluminium created a bullish hadsa history on 5th April 2018.

Without getting panic we will first observe bullish symptoms with the help of bullish pin bar on any time frame of 1H , 4 H or Daily time frame.

We are going to trade aggressive in ALUMINIUM only if we get bullish pin bar on any time frame starting from one hour , four hour or daily time frame.

Remember any close below 1987 will nullify our buying views in it.

Stay connected we will update

on this.

Weekly Trade Setups – 16th July to 20th July 2018

PLS NOTE : All chart analysis posted below are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone]

 

EURUSD :

Key resistance is clearly seen at around 1.853 in the above price chart.

We will wait till 1.853 area and observe clear selling signal to join the bearish trend.

We stay bearish till the price lies below 1.853 area

We will update if potential signal arrives.

 

GBPUSD :

We can clearly see the aggressive bearish trend for GBPUSD in the above chart.

Multiple affected area i.e key resistance is clearly seen at around 1.3474 area.

we can observe an upside pullback till around 1.3474 area and watch clear selling signal to participate in the bearish move down.

Stay connected , we will update if we find the potential signal.

 

USDJPY :

Price has broken the recent resistance area of around 112.80 which can be clearly seen in the above price chart.

We will observe a downside pullback till around 111.14 area to rejoin the bullish move ahead.

If price pulls down then we will observe a clear buying signal at 111.14 which is a flip support area to get a buy signal.

Stay connected we will post next update on it.

 

XAUUSD :

Price is making lower low and lower high series which clearly indicates the short term downtrend as shown in the above price chart.

Ideally we have to observe price action selling signals on any upside pullback till around 1265 to 1305 on 1 H, 4 H or Daily time frame to rejoin the bearish move down.

 

XAGUSD :

We can clearly see the sideway structure breakout in the above price chart of silver.

Also we got a bearish rejection at flip resistance area as shown above.

Any upside pullback would be an selling opportunity till around 16.210 area.

Watch selling signals on 1H , 4H or daily time frame to rejoin the bearish down move if price pulls up till 16.210 area.

 

CRUDE OIL :

We have seen the aggressive bullish rally in crude oil recently in previous week.

It is clearly seen that it is under correction .

We find the flip buying level at around 69.45  to 67 $ area

Ideally we should get price action buy signal at around 69.45 to 67 $ area on 4 H or daily time frame to board the bullish rally ahead.

Stay connected we will update further updates for crude oil shortly.

 

NATURAL GAS :

Price has broken down the recent support levels and traveled downside after getting a bearish pin bar at flip resistance as seen in the above price chart.

We find two possibilities here for Natural Gas.

If we get clear selling signal at 2.877 area after pulling up then we would prefer to sell.

Or else if we get buying signal at 2.700 area after coming down then we would prefer to buy .

Stay connected for further updates in Natural Gas.

 

LEAD : 

We got a deep bearish move in LEAD after getting a bearish pin bar at flip resistance area as shown in the above price chart.

Also we got a bullish pin bar on 12th July.

But as it is a counter trade pin bar we will ignore it .

This week we are planning to go short on any upside pullback till around 2246 to 2369 area.

We will watch price action sell signal on daily time frame in between 2246 to 2369 area if price pulls up.

 

ZINC : 

We observed aggressive bearish move in ZINC last week following the series of lower low and lower high without getting a healthy upside pullback.

Inside bar is formed in ZINC on 13th July 2018 as seen in the price chart above.

We are planning to see a upside pullback till around 2669 to 2977 area to get in line with the bearish move downside.

We will watch for the sell signals if we get a upside pullback till around 2669 to 2977 area.

Stay connected for the further updates for ZINC.

 

COPPER : 

Explosive bearish move was seen in the COPPER in last couple of weeks as shown above.

We found no correction while its aggressive bearish down move.

We are planing to wait for the upside pullback till 6531 area to participate in the bearish down move.

If price pulls up then we will watch selling signal at around 6531 area to board in a bearish down move.

Stay connected for further updates for copper.

 

NIFTY :

Last week we observed that NIFTY has broken the recent resistance area of around 10890 and closed tight above it.

This week we will plan to observe a downward pullback till around 10890 area which becomes a flip support area.

We will observe clear buying signals at flip support area around 10890 to ride the bullish rally ahead till the key resistance of 11170 area.

Stay connected for further updates for NIFTY.

Weekly Trade Setups – 2nd July to 6th July 2018

PLS NOTE : All chart analysis posted below are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone]

 

NIFTY :

10930 is the key resistance area seen in the above price chart of Nifty.

Also the short term recent support area is seen at around 10419 area.

Price is trading in between the above mentioned zone.

If we get price action sell signal at around 10930 we will participate in a bearish move below or else in another situation if price pulls down and we get clear price action buy signal at short term support area at  around 10419 then we will participate in bullish move ahead.

So we will stay away and observe the above mentioned area closely to get potential entry.

Stay connected we will update the further updates for NIFTY.

 

Tata Motors :

We can see a clear aggressive downtrend for TATA MOTORS as seen in the above price chart.

According to candlestick pattern we got bullish harami signal as observed.

But this this a counter trend signal.

We are interested in a upside pullback till 316 to 326 area to get in line with the downtrend.

Ideally price action selling signals should be observed at mutiple affected area located at around 316 to 326 area.

Stay connected we will further updated on Tata Motors.

 

SUN PHARMA :

We are eagerly waiting for a downward pullback till the flip support area of around 540.

If we get clear price action buy signal at around 540 area we will aggressively participate in bullish move ahead.

Stay connected for further updates on Sun Pharma.

 

CRUDE OIL :

We have seen a strong bullish move in CRUDE OIL recently as we mentioned the buying zone in our previous post.

Click Here to see previous post.

This week we are planning to watch a downside pullback till around 68.50 $ area to get clear buy signals on 4 Hour or daily time frame to ride with the uptrend.

 

NICKEL :

Nickels seems to be in an aggressive uptrend as seen in the price chart above.

Short term support area to buy is located at around 14450 to get clear buy signals

Also 13580 area seems to be a key support zone as seen in the above price chart.

So waiting for a clear buy signal at around 14450 or 13580 area might be a good decision for NICKEL.

 

ZINC :

Zinc is clearly seen that it has closed below the multiple affected zone as shown in the above price chart.

Now we are interested to watch a upside pullback till the flip resistance of around 3000 area to get selling signals.

Selling signals can be observed at flip resistance of around 3000 to board in the bearish move down till 2430 area.

Stay connected for further updates for ZINC.

 

LEAD :

 

We can clearly see a healthy pullback for LEAD as shown above.

But we did not yet got the bullish symptoms at the arrived flip support location.

Ideally we should get a clear buy signal on 4 Hour or Daily time frame at the arrived location near 2400 area.

 

SILVER :

Silver has closed below the multiple affected zone of 16.200.

This week we will observe a upside pullback till around 16.200 to 16.350 zone to get in line with the bearish move down after getting clear selling signals.

Stay updated for further updates for SILVER .