CADJPY NEXT TRADE SETUPCADJPY is now at its strong resistance zone and according to the fundamentals CAD is expected to be strong and breach the resistance level at point 79.65. on other hand JPY is bearish as well.
This analysis is fully based on behalf on Technicals. Take the entries from this analysis only if all the rules of entry are fulfilled.
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Dubaistockmarket
GOLD's NEXT POSSIBLE MOVEAs we can see GOLD's Higher high is on 1,815 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1812 and there are low chances of rebound towards sell area. Gold is expected to breach the zone between 1795-1815 today after two weeks. In case if its break the support level of 1795 than there will be more chances that gold will touch the support level of 1770 and adopt the zone between 1745-1780. If Gold leaves this zone of 1795-1815 towards upside, its next target will be 1820-1840.
The Fundamental side for current session is Neutral but the Lows on DX are extremely Bullish for Gold , which on any other period (without Covid-19) should have been Bearish for Gold.As covid-19 cases are still increasing. I can't confirm sell on gold but the DX is still not recovering and the Stock markets on Highs,and the news came out about the Corona Vaccine that USA has made and that will be fully ready to use in the next coming 2 months and thats the key factor of gold's bearish movement.
The Red oval area indicates the restricted area and trading should be avoided here.
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Damac TradeMy trade with Damac went as per the plan it was nice & easy trade, i entered as per the plan and i exited with profit too. Its still looking bullish to me i will see tomorrow if i can take the trade again. Those who took this trade today am sure must have made money.
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Aman Trade didnt work outAman gave a nice breakout yesterday but it could not hold the gains and witnessed tremendous sells pressure. I wanted to enter at the neck line today i was waiting for it to come and retest and it did i was in the trade but it could not go higher and closed with at limit down of 5% today. My stop loss was hit and i am out of the trade it looks still bullish to me i will see if i get a buy signal tomorrow again to enter.
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Emaar as per the planIts working out nice and as per the trade plan, it is retrace back at the resistance level 2.69 is a strong hurdle to cross for now. Its still in a immediate down trend. I will be bullish once it closes above 2.80 to change the momentum of the current down trend and begin a new journey.
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Dubai Financial MarketMarket is going as per the plan, its still in the triangle and it did touch 2050 level again today the retest and bounced off to close at 2064. Slow and steady moves but yes it inching slowly upwards within the triangle range. It will be very interesting to see where does it breakout. Lets wait and watch. Keep stalking.
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AmanatIts right at the support and its not closing below the support area, its still bullish and is kind of making double bottom type pattern. I will not enter this trade because the target is not so attractive for now. Will take this once it gives a big move.
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Aman What a powerful moveIt gave its momentum in the last hour of trading, fantastic breakout today i was so tempted to buy this one but the ship left before me. I would surely would want to take this ride but at the minimum risk. I am stalking this stock for sure from now and i would like to buy this baby at 0.445 level and the next target looks huge it can be very profitable trade but we have to be patient till the price comes to our level and give us a buy signal. A pattern have given a breakout with huge energy today sure the move will be more powerful to upside. Those who have taken the trade today sure they are smiling and in profits. Let me know if anyone took this trade??
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Damac new highs soonI took this trade today, my order got filled at 0.832 and my target is 0.863 my risk to reward is 4 which is very good my stop loss is 0.820. I would like to add more tomorrow if the market give me another buy signal at 0.830 level. My position as of now is safe and in profit once the price move above 0.845 i will bring my stop loss to break even. Bullish !!
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ARTC Wild FireI was stalking this stock today as well it was in my radar and its still in my radar for sure. I was waiting the price to come to buy area 1 and area 2 but it didnt purely because of buying pressure and i had marked my level at buy area it did come to that area but i could not take this trade as i was not at my trading desk no regrets though market gives opportunity everyday!! I am still stalking this one and sure will buy this baby. Bullish Bullish!!
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Salama did anyone trade this one?If you following my trade ideas and took this trade am pretty sure you closed your trade in profits today as it went exactly as per the plan. If you have taken this trade and made some money comment and let me know your entry and exit. If you didnt exit yet or didnt take the trade comment as well i will let you know when to enter again.
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DFM Bounce BackGood starting of the week with positive closing, market have bounced back again ! bulls have show some power and the market have pushed upside the move is small but still its back in the positive side or the triangle as marked in the chart. The pattern still continues and is valid we can expect market to move up till the next resistance inside the triangle and it will give a breakout at the apex which is not coming closer, we can expect a break out by end of this month. Let wait and stalk to which side it gives a break out. Market is back in the safe zone which is bullish. I took a trade on Damac will post my trade too.
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DFM On A Bigger PictureIf we shift our charts to weekly and have a bigger picture we can easily identify a uptrend, the market is making higher lows and higher highs that is a proper definition of a uptrend. As of now its at very critical support area if it breaks to down side the next support area is 1890 area and 1720 area respectively. If the market have to go up from here bulls have to act fast and this week, if the market goes below this level at the end of the week we can say shift in the trend is taking place and further selling pressure can be witnessed. As a day trader i am bearish on this one but for a long term trader it can still be bullish. Lets stalk this one for the coming week to have a idea about the trend.
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Artc bulls are hereIf you are following my ideas and took the last trade idea that i had mentioned sure you must have made big profits, like i mentioned not all your trade ideas will be 100% correct we just have to be 60% correct in our trading business. It means you have to be correct 6 times out of the 10 trades that you take. Its because the risk reward ratio will make you big money if you are interested to learn that send me a msg on my iinsta will not get deeper here. I have marked 2 zones on the chart buy area 1 and buy area 2, it is very simple analysis the stock is in uptrend, it gave a breakout, it will retrace now and we just have to stalk this stock at the marked levels just buy it when you get your buy signals simple for those who dont know what are buy signals its candlestick patterns if you still dont know these send me a msg.
So wait patiently till the price comes to the marked level and go for the kill :)
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Salama where to buy?Finally it gave a nice up side breakout and i closed my trade in profits FINALLY LOL, for those who missed this trade it will give you a second chance very soon just keep stalking this stalk as it has potential and smart money is buying this one. People are sending me msgs and asking me exact buying price! please there is no exact buying price or selling price i have marked the zone where price should give you a buy signal & sell signal thats where you have to buy once you get the signal. THERE IS NO EXACT FIGURE !!!
Just stalk this one and wait for the price to come to your level and thn go for the kill, dont rust just be calm and patient.It will be a easy trade and will give you nice profits.
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Emaar Properties Buy or Stalk?As mentioned in my previous idea, emaar closed in the support area with a red bearish candle but very next day as we stalk this stock to give us a good buy signal it made a inside candle, For those who are learning candle stick pattern inside candle is a candle that opens above the previous days close and closes below the previous days open. So is this a buy signal? can we buy now? firstly emaar is in a down trend now as marked in the chart i was stalking this stalk in thursdays session but it was only good for intrdays trade and in a down trend stock i dont do intraday trade. How to trade? as per the books we can take the trade at the breakout of the inside candle that means lets see on sunday which side it breaks out and closes. I am still bearish on emaar properties i think it will retest the upper level as marked in the chart and go down again.
Remember out analysis will not be 100% correct everytime, we just have to be 60% correct it means out of 10 trade if your 6 trades are successful we make good money as our risk to reward ratio should always be higher thn 1:2 or atleast 1:2 never take trade on 1:1 RR.
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DFM Weekend ReviewInteresting week again, thursday we closed in green so is the selling pressure finished? lets analyze in details. Market is trading in a range and have developed a triangle as marked in the chart. It is making lower highs and it made a new lower low on wednesday and closed with a hammer like candle. My analysis says market is very weak and thin it have almost broken the triangle pattern to the downside and in thursdays trading session we didnt witness any strong buys coming in to rescue the selling pressure through out the week. It did make a small green candle but that was just a up day in a down trend nothing significant yes it closed above 2050 but the chart damage is already done. Now from here it can also come back in the triangle and start to go higher but chances are slim as its becoming bearish day by day. It can go up to 2060 and retrace back or continue down from 2050 levels itself.
For this to become bullish buyers have to make tremendous efforts to bring the market above 2100 level which will show a shift in the momentum and become bullish. There are few shares that are still bullish and in trend i will soon post them on my insta and keep you all updating. Its looking bearish for now.
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EURJPY Trade Setup(confirm)EURJPY been making step movements for last couple of days in upward momentum.
This analysis is intraday for long term holders ans now at point 120.032 eurjpy has strong supports as you can see in H1,H4 time frame.According to the upcoming fundamentals EUR should be again high with steps movement like corrective momentum.
EURJPY still is on my watch list and now again making steps movement towards buy direction .The recent price action had a really strong bullish move up from previous history as if you see in the monthly time frame the last month EUR had fallen and made wick .The larger continuation correction on the high time frame is developing further, and we see price continues to go up towards the top of the technical structure, hitting a recent double tops.
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GBPJPY next Trade SetupGBPJYP TRADE SETUP
Guys you can see in the D1 Pin Bars
GbpJpy is at spot of 134.86 and and its make Pin Bar that indicates the impulsive momentum towards sell direction and the next target of its near resistance 132.86 in the D1 if its break that point so its next traget will be 130.000
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GFH More DownsideIt have broken the support level at which it was sitting, this level have been tested so many times and as i keep mentioning any support or resistance tested again and again becomes weaker. Same is the case here and it just could not hold it any further and broke it down. At this level if bulls are still interested they have to save this one or else it can come dropping down to next support area. Bearish for now
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Emaar change in the trend?Emaar is bearish as i have been mentioning, today it went further down side and no sign of relief at the support area. Its been rd since 3 days there is a possiblity that it can retrace back a little but overall its bearish no doubt about it.
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Union PropertiesIt was a heavily traded stock and now after the shift in momentum its not interesting like before. For it to become bullish again it has to pass so many hurdles that is resistance levels the most immediate is 0.290 next is 0.95 thn 0.3 and thn finally 0.305. It made a doji candle today and i see its weaker and people are not interested to buy this stock at this level. I will not buy this one till it is bullish. For now i am bearish on this one for sure.
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