InsiderB

InsiderB Updated 

Will Update soon... bcos if I write desc now, we may miss trade !

InsiderB

Hey Guys, GBPUSD is retesting the resistance area which it broke previously if it's in bearish mode on hourly this resistance will act as point of reversal to downward move. So we are expecting to enter short in GBPUSD only on break of trendline. Sometimes false breakout happens, part of the game. If you are an aggressive trader out there hourly candles are...

InsiderB Updated 

Hey Guys, This is simple trendline based entry setup. I have drawn just couple of trendlines one on the bullish trend & other on bearish trend. That bearish trendline on EURUSD recent swing move broke while I'm writing this and being conservative trader I'm looking for upper trendline retest to enter long positions in EURUSD Hit Likes if you...

InsiderB Updated 

This setup is based on couple of trendlines drawn on 1hr XAUUSD. As you can see,if the lower support trendline is broken then XAUUSD may retest the 1300's level but it won't be moving down instantly but with pullbacks to retest of 1350's levels. But that 1350's level need to be watched carefully, if price is resisted there then XAUUSD will move down if its taken...

InsiderB Updated 

Hey Guys, We got potential bullish bat pattern which is in C to D move of pattern completion, so lets place our orders to buy EURGBP. As said earlier in post itself stops goes below X level of the pattern and depending on your risk:reward choose your entry n stops if you are taking this trade. Hit some likes if you agree with the idea, Thanks for your...

InsiderB

Hey Guys, Though I had drawn this much earlier I was waiting for the right moment to post it. So as I have expected GBPUSD came up to resistance area, shot over little bit. But we have ABCD pattern completion in same resistance area. If we draw couple of fib lines you can also find how well fib levels align in the resistance area. With RSI also being oversold in...

InsiderB Updated 

Hey Guys, In Part - I of Nifty trade Idea I have told, I will wait for pullback.As expected market made pullback to our expected levels and we have few gaps below 8290's which I expect to be filled soon. So, being conservative trader I am initiating longs around 8290's-8300's only part of my positions. So that if market moves down I will average, thats why...

InsiderB

Hi Guys, As you can see from above post, M_M is forming bullish flag formation with very lengthy flag pole on bullish move, so once the breakout happens we can expect market to move up. Incase, the breakout didn't happen on upper side and M_M moves downside continuously this trade is invalid bcos price may reach 1400 easily. So take this trade...

InsiderB

Hey Guys, Happy Monday... We got one of the broadening types of wedge pattern and right now CoalIndia is moving between the upper n lower trendlines of wedge pattern. We can't trade at this moment using this pattern. But wait for the breakout,Once the breakout happens enter the direction of breakout. Sometimes due to volatility of market false...

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Hey Guys, As you can see from the chart we have a completed bearish cypher formation and price is staying above our usual entry level in Axisbank . We can take this trade now also, bcos it gives us the advantage of reduced risk reward, so even incase of loss we will be losing lesser compared to what we lose if we enter @ Usual entry level. Moreover, you can...

InsiderB Updated 

As we can understand from the above chart USDCAD is moving down towards our support region. And the exact support region marks the completion of ABCD pattern, it depends on individual to decide where to enter the trade based on ratio's. Thats why marked it as Entry zone instead of particular price level in USDCAD. Even if you enter around the same levels which I...

InsiderB

Hey Guys, In USDJPY pair we are getting back to back patterns to trade. So here we are looking at two trade opportunities, 1) Channel Breakout : With this channel breakout we can initiate short positions for the towards D from C. Incase you missed this breakout on retest of channel's lower trendline you can initiate short positions in USDJPY 2)...

InsiderB Updated 

Edit : Sorry about Line spacing, Don't know why there is too much space, checking with admins. This pattern brings up numerous questions about Nifty. Will Nifty raise till 8279 ? Will it break the wedge & move-up on breakout ? Will it retest upper trendline and return to retest lower wedge trendline ? For all these question its not right time to answer, only...

InsiderB

Hey Guys, GBPUSD has broken the support zone marked around 1.3120's to 1.3150's. As the support is broken we can look out for bearish opportunities to short. If we get pullback to retest the above support turned resistance zone, after confirmation we can initiate short positions. As the support is broken in GBPUSD we are in clear bearish trend. Sometimes market...

InsiderB

Hey Guys, After longtime I am posting ideas for EURUSD, stopped it for a while as I have concentrated in other markets. Hereafter there will be frequent updates in Fx. Here we got channeling (Bearish Flag ) where price is channeling for past 2 weeks since brexit. Always bearish flag indicates bearish breakout,so I am looking for short chance once the breakout...

InsiderB

Hey Guys, Happy Monday.. Only we traders have the guts to say Happy Monday instead of Monday Blues :P So lets jump to our analysis and why I am planning for an counter trend trade in SBI. This is one of my favorite setups to trade, No matter what others say or think...I am deeply in love with counter Trend bcos it makes us analyze various reasons to enter trade &...

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Hey Guys, Having cheerful Sunday ? Lets do some analysis on LT ? Don't get confused why chart is loaded with Fib levels, for better understanding and explanation purposes I have marked numbers for Fibs. Those who followed Me for sometime will be clear the principal I use - " Gaps will be always Filled " I kept this LT in My radar from the day it gave huge gap up...

InsiderB

Hey Guys, We have symmetrical triangle pattern in USDJPY, wait for the breakout side confirmation then take the trade. Don't get trapped in false breakouts, as markets are volatile false breakouts are possible. Whichever the direction it breaksout we have great number of pips to be gained in this pair. Hit likes if you support the idea.. Thanks, Happy Trading !