Navdeep_Singh

Navdeep_Singh Updated  Jan 10, 2018

Here is my viewpoint on BTCUSD. I believe we have a bigger correction in development. Post correction, I expect there to be another bullish wave.

Navdeep_Singh Updated  May 19, 2016

It seems AAPL has completed a 5-wave bullish pattern on the monthly chart. At present, we are at a critical Fib. level with stock overbought. Therefore, it won't be wise to neglect the possibility of at least a short term reversal. Long term investors must keep this in consideration. Will soon be updating a fundamental evaluation of the stock as well.

Navdeep_Singh Apr 11, 2016

ACC Ltd. is currently in a weekly bullish impulse. Will look for a lower degree correction to buy. Final target can be placed around 1800.

Navdeep_Singh Mar 25, 2016

It seems that EUR/JPY is about to break out for the next impulse to the upside. I have a placed a lit order at the 0.618 level. Let's see how the pattern develops.

Navdeep_Singh Feb 10, 2016

Going short at the 61.8% fib should give a good trade. Nice Risk/Reward ratio trade

Navdeep_Singh Dec 17, 2015

GBPUSD might give a very good risk reward ratio trade today. I have a pending order placed at 1.4900 and another at 1.4847. The stop loss is a slightly below the 21.46% fib level (1.4796). If I am taken out of these trades will look for a better entry to the upside.

Navdeep_Singh Updated  Dec 4, 2015

The price is at the point of potential reversal. Risk of taking a short trade at this point is very less when compared to the potential reward. Divergence on chart makes the probability of trade success even better.

Navdeep_Singh Oct 7, 2015

AUD/USD might be in an expanding wedge as shown. If this wave count is correct, we might have a good shorting opportunity at the moment. However, my longer time frame bias on AUD/USD is still bullish.

Navdeep_Singh Sep 30, 2015

Possible expanding diagonal formation. Excellent risk reward ratio trade. However, the price might drop for a short while after hitting the 141.4% or 161.8% level.

Navdeep_Singh Aug 17, 2015

The orange line indicated on the chart is the Daily trend line. The doji formation on the chart indicates indecision. Furthermore, the price is in the overbought zone. Therefore, in my opinion, we have an excellent short opportunity here with very good Risk-Reward Ratio.

Navdeep_Singh Jul 4, 2015

On the weekly chart, we are in an uptrend. The yellow line indicated in the chart is an important monthly Support/Resistance Level. The candlestick formation at the level suggests the continuation of uptrend. I will be looking for a pullback on this pair and taking a long position when it does so. Please share your comments.

Navdeep_Singh Jul 1, 2015

The 5 wave bullish pattern has been completed on the 240 minute chart. The bearish correction to this move should be at least 200 pips.

Navdeep_Singh Jun 28, 2015

To generate this trade idea, I have analyzed this pair on the Daily and the 240 minute time frame using the Elliott Wave Principal and Fibonacci ratios . In my opinion, we are still left with 1 Bullish sub-wave of the larger bullish trend on the daily chart. The Friday close was at a critical Fibonacci ratio of the 5th bullish sub-wave and the channel, while the...

Navdeep_Singh Jun 28, 2015

I believe we are moving towards the wave C of the correction pattern. Will be taking a very short term long trade with 139.00 as the profit target.

Navdeep_Singh Jun 27, 2015

To come up with this trade idea, I have analysed the Daily, the 240 minute and the 60 minute GBP/USD Charts using the Elliott Wave analysis in conjunction with Fibonacci Ratios. Holding Period for this trade would be relatively moderate. Looking at the Daily Chart of the pair it is quite evident that the pair is retracing a previous strong bullish movement....

Navdeep_Singh Jun 26, 2015

On a longer time frame, the pair is in consolidation. However, this might be a good 30-50 Pip long move. I will enter this trade if the price hit 138.40.

Navdeep_Singh Jun 26, 2015

Going Short. Although, looking for the right level to make a long trade entry.

Navdeep_Singh Jun 25, 2015

Will be holding this trade for few days now.