Weekly Trade Setups – 4th June to 8th June 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

 

BANK NIFTY : 

We can clearly see the Bearish Harami signal formed in Bank Nifty in the above price chart shown.

Also we can consider it as a Inside bar formed in the trending move.

We can trade a either way breakout for bank nifty.

We can go short if 26335 triggers with a stop loss of today’s high price or else we can go long if 27060 triggers with a stop loss of todays low price.

 

GOLD :

We can clearly see key level breakdown structure in the above price chart of GOLD.

We have already posted in our last post an=bout GOLD  . Click Here .

We can see price is coming down exactly from its flip resistance area as shown in the price chart above.

But remember the resistance zone for GOLD lies in between 1305 to 1325 area.

This week we area planning to see sell signals on any time frame like 1 H , 4 H or Daily time frame if price pulls up till 1305 to 1325 area.

We are expected to see a good downfall for GOLD till 1235 area in coming days which will be our target area.

 

USDJPY :

 

We can clearly see the inside bar breakout structure formed in the above price chart of USDJPY.

We are now very fortunate to trade this currency pair in our Indian exchange.

Observe any downside pullback on 1H , 4 H time frame and watch for buying signals till price lies above the support area of 107.80

So keeping 107.80 as a stop loss USDJPY can be traded bullish for the target of 111.50

 

EURINR :

We can see the clear price chart of EURINR as shown above.

If price again pulls down to 77.40 area we will watch buy signal on daily time frame and go aggressive long in it for the target of 79.50.

Or else if price pulls up this week till 79.50 we will watch clear selling signal on daily time frame to go short for the target of 77.40.

We will update what develops this week.

Stay connected.

 

GBPINR :

We can clearly see in the above price structure of GBPINR that it is arriving very close the multiple affected area of 88.40 area

Watch clear buying signals at around 88.40 area

We will update as the signal arrives.

Stay updated.

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