WaveTalks

WaveTalks

Updated 

USDJPY- Bang On……..300 Pips Profit ….I am in seventh heaven Let me wish all of you & your near ones a happy and prosperous new year as per hindu tradition(Vikram samvath-falling 8th April 2016). Excited! Me too…Why not if you make 300 pips in 3 days in the most volatile pair USDJPY- I feel like I am in seventh heaven which came on such a good time when I shall be...

WaveTalks

Updated 

Since July 2014 to June 2015 USDJPY had an impulsive rally from 100 mark to 125-126 zone. Once the impulsive rally ended, the pair has started retracement in the form of ABC Structure which is irregular flat structure from Elliott Wave Point of View (A is 3 Waves down) ...Bounced in B-Wave (B-wave is also 3 Waves but complex W-X-Y structure-which retraced almost...

WaveTalks

Updated 

Hi Guys ....I am Nifty.. I know that I have shocked everyone when I took U-turn from 6825 & bears were caught on wrong foot. I have travelled almost 1000 points since that recent bottom of 6825. My problem is that I have reached long term trendline from 5th March 2015 top@9119, which could hurt me once again as I am in his area. Early, Next week, There could be...

WaveTalks

Updated 

India Nifty had an impulsive structure from bottoms of 6825 on 29th Feb 2016 which is almost finishing its up leg & coinciding with bearish shark pattern could be a potential setup for going shorts below 7400 or in the range of 7550-7580 with strict stoploss of 7625 for targets of 7255 ...7125....6950 as extended target.