I suggested to sell USDCAD but keep a stop at 1.04, the counter got a move but still inside sweet zone and stopped at upper wall of the channel. Cautious investors can take the loss by stop and exit, risk takers can adjust the trade and modify the Stop loss to 1.05 – 1.055 and ride for the target of 0.96
http://blog.vikasverma.com/2011/09/trading-idea-usdcad-sell-1030-stop-1040.html
XAUUSD (Gold Spot)
Gold is very risky to trade here, take me advice book your longs and wait for a direction. It has potential of breaking down. If breakout occur then watch for these levels
1300 –> 1150 –> 1050 below 1050 there it can go as deep as 700… may that never happen… don’t worry if that happen it will take a loongg time!
EURUSD – Sell NOW , Stop @ 1.4050 , Target @ 1.10
Caution: The current bearish wave is inside a larger bullish wave. Since bullish wave is in monthly chart and may take ages to come you should be safe to ride the bearish wave.
EURUSD – Buy @ 1.10, Stop @ 1.00 , Target @ 1.90
GBPUSD – Sell NOW , Stop @ 1.5770 , Target @ 1.4820
XAGUSD (Silver Spot) – Buy above 33.5, Stop @ 25 , Target @ 50-55
USDINR – Buy above 51 , Stop @ 49 , Target @ 53 | Sell below 49 , Stop @ 51 , Target @ 45
USDCAD - Sell @ 1.030 , Stop @ 1.040 , Target @ 0.96
After a long time, I am feeling very positive about Indian markets and as I generally follow Nifty I am posting my findings on that.
I am not sure if Doom’s Day will happen, I am not sure if I will survive to witness my target in Nifty but looks like Nifty weekly charts are building a Wolfe wave and can run any day. I am expecting that to happen by end of this week or early next week. Whatever happens here are my levels along with chart to support my analysis.
Check the opening of coming Monday and follow the strict levels.
Aggressive Buyers:
Buy @ 4950 , Stop @ 4700 , Take Profit @ 5150 , @ 5300
Cautious Buyers:
Buy above 5400 , Stop @ 5200 , Take Profit @ 5700 , @ 5900 , @ 6100 , @ 6300 , ride above 6300 until at least 7000
Warning: Remember these trades are not for casual trader, day traders or swing traders. This is strictly for investors who are willing to hold onto their stocks & roll over their futures positions for a long period.
