rajasherbazkhan

rajasherbazkhan

Gold is likely to go long, supported by technicals as well as fundamental data. Powell's speech and today's ADP non farm employment data support the global uptrend of gold. Technically, it needs to breakout 3347 and close above it. That will trigger the upward momentum targeting 3390-3400 zone. I do not rule out a decline to the bottom of the range (which...

rajasherbazkhan

Amidst dxy consolidation, gold seems to be forming a correction. A new trading range is formed between 3300 and 3340. Earlier in the session, false breakout of 3340 resistance formed, but price got rejected strongly. Our focus is on gold correcting itself, where it has the potential to tap the important support zone at 3275. Levels to lookout for Support:...

rajasherbazkhan

This week's focus is on Gold going short (despite it being bullish Globally). Fundamental pressure + technicals point towards it going further down. We might see gold touching 3300-3303 zone, a short bounce back from here to the 3325 zone, before it delves deep down towards the important zone at 3275. All zones confluence with fibonacci as well as shown. Once...

rajasherbazkhan

On 1H Nasdaq 100 is bullish, and recently broke the important resistance at 20,300. Currently, it is retracing to form a low. With bullish divergence and convergence with 50% fibonacci retracement, it is likely to attempt to make a new high, or even test previous ATH. Trade plan mentioned on the chart. --> Manage your risk and trade safely.

rajasherbazkhan

GBPUSD is at strong support level at TF 4H, and a retracement is expected from here to the marked level. There is also a strong bullish divergence.

rajasherbazkhan Updated 

Gold can continue downward momentum in the short term. However, trend reversal is on the cards. AB=CD Harmonic Pattern + horizontal support show (Daily) that potential reversal zone can 1895-1880, from where Gold can rally

rajasherbazkhan Updated 

A short-term potential setup can be to play the bullish divergence, and buy on breakout (buy stop) at marked levels. Trade safe!

rajasherbazkhan

AUDUSD has a double bottom on 1H time frame, and bullish divergence. A potential setup can be to buy on breakout (buystop) at marked levels, and placing stoploss below the low. Trade safely my community!

rajasherbazkhan

Gold potential setup for long, on the confluence of horizontal support, trendline support and 0.236 fib support. Will the support levels hold? or Is Gold doomed?

rajasherbazkhan

We are looking to buy gold on 0.236 fib retracement. Gold is forming higher highs and higher lows. On the previous high, gold retraced to 0.236 fib, and moved to form a new high. Trade with risk management, my friends

rajasherbazkhan

Hello fellow traders, Today we look at the potential upside of GBPUSD, which has been trading in a bull trend on 4H, and has formed a HL (Higher Low). Currently, it is trading in a parallel channel on 1H time frame, which provides us with opportunity to buy GBPUSD upon breakout. Trade safely, and with proper risk management. Happy Trading!

rajasherbazkhan Updated 

EURUSD bounced from 0.236 Fib, and parallel channel support. It leads to opportunities to buy.

rajasherbazkhan

The idea is to buy on breakout of previous high, and place SL as identified below the previous low. Keeping risk management in check, this can be a viable trade. Note: This is not a investment advice

rajasherbazkhan

NZDUSD has been moving in an ascending parallel channel, and the price has formed an HL. Potential opportunity for Long. Look out for support on the parallel channel and 0.5 Fib retracement support

rajasherbazkhan

Bias Long (ride the trend) Bullish indications 1. Pullback from 0.5 FIB retracement posssible= 1788, Support at 1808 So support zone 1808 - 1788 2. Trendline resistance broken 3. HH and HL Formed 4. HH broken 5. Morning star pattern on HL Bearish indications 1. needs to form another HL for bullish confirmation 2. 0.236 FIB retracement needs to be broken clearly

rajasherbazkhan Updated 

Bias: Short Bearish indications 1. Testing trendline resistance 2. Bearish engulfer 3. Bearish trend, LHs and LLs 4. FIB retracement, 0.236 broken, now to test 0.382. Support strong here Bullish Indications 1. Support at 1.05824 Plan A: Short Entry= 1.05884 SL= previous LH = 1.06280 TP1 = 1.05488 TP2 = 1.05092 Plan B: Short entry = below 1.05824...

rajasherbazkhan

GMTUSDT Short, 4H time frame GMT is in a bearish trend. It has formed a bearish pennant. So it will continue to go down. Trade your levels accordingly

rajasherbazkhan

BNB Long on 1H chart, as indicated by the bullish engulfing pattern.