WaveTalks

WaveTalks

USDCAD@12th May 2016- Don’t miss the pull back. Last time when I drew rising trendline(red line) –I expected to trade only when pair starts moving below trendline & going below 1.2850- which never happened & pair hit a new high@1.3015. In order to encash the opportunities –trader has to keep calm & wait for good opportunities –which is close. Pair after hitting...

WaveTalks

India Nifty had an explosive move yesterday. Allow prices to retrace in the zone 7810--7825..Once it settles down & starts moving above 7850 with strict stop below 7775 One can go long for targets 7920-7930 Intraday & final target 7970 which is earlier resistance zone

WaveTalks Updated 

USDCAD- look for retracement in the zone 1.2750—1.2700 Once the rising trendline gets broken or prices start moving below 1.2850…look for down …up (to touch the rising trendline & get resistance & fall again to complete the correction in that case my 1st wave is done from the lows of 1.2460 to 1.2951. The running correction shall be pull back wave for even larger...

WaveTalks

There is advance block pattern formed in India Nifty..signifies that we should book profits as prices pushing below 7820..can take Nifty in the range 7780--7795 back. I need to come back again post correction. Regards, Abhishek H.Singh, CMT

WaveTalks Updated 

India Nifty@9th May 2015—Move above 7780 shall give us clue for upside leg. Almost 300 points down from 7992 top on 28th April 2016. Again the move is very confusing & choppy so we shall be looking for one more leg up in the zone 8100-8200. This upside shall open up once we go past 7780. In previous few sessions, I have mentioned the importance of that...

WaveTalks

GBPUSD- previous update- "Close to the top..Bulls be careful"...I gave my logic that 0-A Distance if measured from B@1.4005 gives 1.4684...look the closing of both candles@1.4710 (4H chart)...This is just to close the loop of earlier analysis. I am not posting any new updates because followers don't like it or they feel pain to just click like button. Thanks & Regards.

WaveTalks

Previous Update-- "UJ(USDJPY) & India Nifty--Is it Time to Run Away" .....How it really helped me visualise that UJ is forming triangle from the pull-back of 111.88 because it was not crossing 111.35 which was to be watched for 5th wave target-later it was updated that it could be triangle in 4th wave(reason for taking so much time to cross 111.35) -I came to...

WaveTalks

In my report- UJ(USDJPY) & India Nifty---Is it time to run away. It all happened yesterday when I asked everyone to exit in the buy call which was activated post crossing 7980 but when prices was hovering for 2-3 Hrs in a small zone of 7960--7980--There I became little skeptical & asked Intraday traders to be careful as market could be into pressure going below...

WaveTalks

I I am running with 400 pips + in UJ .....100 points in Nifty.......updated 12 Hrs Back....Is it time to run away.....Guys, Let me also update in my first report of UJ ...I was fortunate to get 107--108 zone for UJ --report was generated on 6th April---Bullish Bat & Irregular Flat Structure.... Currently I am running with 1100 pips with proper risk...

WaveTalks

From previous updates....bc leg ( 1.4005 + 0.0679) ....you get 0.0679 from (0a leg distance- 1.4515-1.3836 =0.0679) so I am expecting a target close to 1.4684 which will make both the legs equal in size....that is the reason... we went long @1.4570's for target -1.4684...(it jumped only 1.4638 & dropped)when 1.4515 was crossed very strongly . I am still open...

WaveTalks Updated 

UJ(USDJPY) & India Nifty- Update(Is it time to run away)……. UJ- has both opportunities long & short....One can make 200-300 pips if traded with proper dedication. UJ as suggested from previous updates that we were looking for 111.90 as lowest target & beyond 112- we shall have 112.50—112.70 as second possible target. These targets are still valid but we have to...

WaveTalks

USDJPY-- we expected 5th wave target in USDJPY as 111.85--111.95 once it crosses 111.35--Yesterday it crosses 111.35 but we entered in long trade@111.20--111.25 as soon bearish channel was broken & was expecting UJ to hit 111.85--111.95 What happened post our trade in UJ: UJ went to 111.474 & started falling sharp down to current lows@111.05 which is 50%...

WaveTalks Updated 

Nifty's bounce from 7822 from the crucial zone 7800--7825 was unexpected & gave sharp rise & touching previous high zone 7970--7980 which has been strong selling zone since Dec 2015. So, Once if it crosses 7980- Bulls can go long for targets 8025--8050 with stop loss 7924 once call is active. Long term Once we close above 8000- Bulls can trial the stop losses...

WaveTalks Updated 

UJ seems to complete its correction from top@111.88 & bearish channel broken was first clue ...One should go long@111.20 for targets 111.90 & above 112 as 112.60--112.75. Strict Stop loss@110.64

WaveTalks Updated 

Distance 0--a ( 1.4515 - 1.3836 = 0.0679) ...add to b-wave bottom@1.4005 which gives 1.4005 + 0.0679 = 1.4684 as c-wave target & c-wave shall touch channel top...I was sitting idle as I wanted to sell below 1.42979 but it never happened & bulls were strong when they crossed 1.4515 so something crossed my mind & I tweaked in trading strategy...went long @1.4570...

WaveTalks Updated 

Poke above 1.4515- “a” leg high is more than enough for us to change or negate triangle structure but outlook still remains bearish. Earlier we took whole structure as triangle & we were looking out for d-leg downside & one more push from rising trendline starting of b-leg…where d-leg could have taken support & pushed up again as e-leg to complete triangle &...

WaveTalks

USDJPY(UJ)----How important levels protect us… From previous update-are we ready for another upside movement- I was very clear that once pair starts moving above 111.35- we can go long for targets atleast 111.85—111.95 & Above 112- we can look out for target zone 112.60—112.75. What has happened since 10-12 Hrs, UJ never crossed 111.35-infact it went very close...

WaveTalks

As previous updates I wanted this pull back which happened & its behind me so I shall be now looking forward. the fall fall from 111.88 was sharp & retraced 38.2% of its previous rally. Now once 111.35 is crossed we should go long for targets 111.95 atleast with strict stoploss@110.83 ...Well the risk reward is not so good in this trade but UJ moving above 111.35...