rasindu2003

rasindu2003

what should we do ?gold have broken the major area of 2350/43 and re testing the zone we have to look at the price action carefully if it does a bigger correction or more downware move .we need plan and watch price action very carefully the situations like this you have to use very tide risk management because market can be very unpredictable in the situations like this

rasindu2003

last CPI gold made a huge move and remove all seller from the market and move again to the starting point so what we can expect that the market may continue the falling move .currently it is testing the volume area of interest so we wait for a proper breakout then we do sell till lowest level of volume and last target of end of the bearish channel .

rasindu2003 Updated 

last night the BTC broke the area of validation.Breaking such a strong trend line indicates that the marker will be fallen to a nother demand.so we will able to buy at around first demand around area 67000 then we have to see the reaction around that area .If its a corrective one we will sell again in premium, if it rejects hard, we will buy btc at cheap...

rasindu2003 Updated 

currently th bitcoin price action is the correcting phase.Also trading below the real volume area.so what could we expect let the BTC crawl down more then we will buy it in cheap price.that is how smart money does.For more further continuation of bullish trend btc have to broken the channel with a great volume breakout.this is the plan .good luck ,do not change it...

rasindu2003 Updated 

gold has been retraced well till fibo level and moving above the area of validation in volume.so we were buyer still there is no any change in plan we buy market.stay stick to the plan .Do not change the rules

rasindu2003 Updated 

gold is currenty trading in a channel again .the overall price action is bullish .so it is sae to take a buy.Hence the gold trades above the validation area and true volume range.it indicates that gold may have chance to buy to the higher positions .technically we have to trade in side of the channel that is what technical prospective says.Apply risk do not change...

rasindu2003 Updated 

we have completed our previous plans .also gold did a huge bullish price action that we can able to buy.we have to see the reaction around level 2344 which is having a critical volume range then we buy once we see a reaction on that range .otherwise let is crawl down and lowe level buy it Do not change the plan stick with your rules Apply risk. do not think about...

rasindu2003 Updated 

in my previous analysis i told that we are not changing our trading plan without a good reason.we are facing now good effects of that again hited more than 100+ pips.we are not changing plan yet we are still seller gold is trading below range 2355 we can still sell. to change the plan the gold has to be broken about 2360 range with a candle close above that...

rasindu2003 Updated 

gold is correcting now after a strong drop .what does it indicate that the it will be a sell seller will control the market and also gold is now currently moving inside of a bearish channel .also there has a very interesting poing of volume 2338 will occur when london and us session starts.

rasindu2003

Bitcoin had a really huge uptrend due to the spot approval from SEC but previous day it made a huge downtrend .Btc may continue to the down side but before it moves down it has to rebalance the price action according to the 1H time frame.then we will see the reaction what happens next i expect a nother upward move to the 44000/43500

rasindu2003

in here gold need to reach 2009/10 level first.then we are creating a good game plan for gold because the trading plan is important to the day trading. Let's begin: 1.In here i expect gold hit 2009/10 and do a big down with a high volume.the correction which is bigger than the move will move the pair down and turn bullish to bearish. this is my wrost case one...

rasindu2003

Eurjpy has been broken the flag pattern and it has tested.so we can do long by taking a small risk

rasindu2003

GBPCAD is oversold at this situation.RSI shows that .so we can see a correctional buy . EDUCATION so to find tha point of reverse in the market we can use out fibonacci tool to high to the low the impulse in that point we can see the 0.382 Fibo level is perfectly matched with the previous support which will become the resistance soon.( SBR ).also the trading...

rasindu2003

i have previously noticed that my final target is 1935 ..so i am still waiting till gold buy above 1918/15 zone..the situation like this, which displays on the chart ,what we could expect ?i am expecting a psychological reaction in 1920(psychological area).gold does a correction till 0.78 FIB level then it will rise till 1930 again.also we need to check price...

rasindu2003 Updated 

According to the price action and the price patterns ,finally gold will buy .gold created a triple bottom and it will made a huge rejection to the upside till 1935 . if the gold breaks 1935 then the target is 1945 /50 range.on other hand if gold breaks bellow 1915 it will lead gold to move to the hell(1881). But pattern structure will not able to do that.i...

rasindu2003 Updated 

Gold had done a serious down move..but now it is creating a head and shoulder patter in 1H .so it is a good sign which proves gold will change its trend so what we need to do just wait break till the neckline then we can see a clear buy till 1940 if that range breaks the it moves to 1950 .my final target is 1950 .lets see.

rasindu2003 Updated 

currently the situation oversold.we can see it on the RSI.but EURCHF had broken the trend line 4H so in that point .this pair will do a short term buy correction and it will fall again.

rasindu2003 Updated 

currently gold is trading in a bearish wedge pattern n D1 chart.Also it has been reacting for the 1910-1912 very strong resistance and the EMA 200 was supporting for the rejection the situations like this what we can expect the higher rejection to the upside is possible .if gold trade above 1920 and behave steady above that area will move gold to 1929-30 strong resistance