NZDUSD Trade Plan

NZDUSD Daily

I am watching this channel from past few weeks and its still in place.

Pair has tested upper resistance are few times and got rejected every time. As the channel's lower trendline squeezes the pair, a break lower should accelerate losses.

GBPUSD Short Trade Plan

GBPUSD Daily

Recent down momentum in GBPUSD has been strong and pair has broken below a major support. 

This support was held on previous 3 dips. This support area comes around 1.5250/60.

100EMA and 200EMA are crossing each other down indicating a bearish structure.

GOLD Long Trade coming

GOLD Daily

I am watching this triangle setup in Gold from past few weeks. Previous post with detailed setup [here].

100EMA is about to cross 200EMA indicating further downside. I will be on sideline till a clear setup comes in. 

EURUSD: Resistance-Support Play

EURUSD H4

For EURUSD, its all resistance and support levels playing out. 

If the current support hold up. then we might see a move towards resistance level 1.33. While a break of support call for next down move to 1.3025 level. 

Back after a month long vacation

Dear Readers,
Am back after a month long vacation.
Without wasting any time, lets get started on trading setups.

USD has strengthened and GBP is on run to the downside. But GBPUSD is known for its range trading and it will remain range-bound for this decade, so dont expect much downside on this pair.


On a side note, there are some nice setups on EURUSD & GBPUSD and some nice long term setup on Gold, will post all soon.

Happy trading..

Regards,