dakshmurkute

dakshmurkute Jul 20, 2019

WEEKLY- As you can see the price is moving in the form of impulse and correction. The price looks finally out of the huge correction and now we can look for another big impulse to the down. Things to watch on weekly chart - The price failed to break the previous HH and is now making continuous LH.(sellers dominate) The price broke through the weekly trendline. ...

dakshmurkute Apr 7, 2019

XAU-USD is developing just like I assumed it would . I already have a on-going trade on this pair . Now let's see, which side it goes. Looking at the chart i am prepared for both sides, most likely a win-win situation. With the weak USD i expect it to move up. so, i will wait for retest of the support and also look for continuation from here itself . In case it...

dakshmurkute Apr 2, 2019

USD-JPY approaching a trendline resistance . Selling anywhere near this trendline will give a good r:r on this trade . based on the dollar index i expect the dollar to weaken this week . look for a good sell entry based on your strategy. FREE blog - forexmonopoly.com

dakshmurkute Apr 1, 2019

USD-JPY has been correcting over a week now, and it seems to have finally reached a hot support-resistance zone. This correction period took longer than I thought it would, Finally an excellent short entry with an appropriate risk-reward ratio. Last week I got two short entries on this chart which got stopped at breakeven. I knew what the possibilities...

dakshmurkute Apr 1, 2019

There is a fundamental principle of price action, impulse-correction-impulse. USD-CHF is currently in a correction period. It is awaiting a support-resistance zone. According to me, selling anywhere in the support-resistance zone can give a good risk to reward on this trade. Do let me know what you guys think by commenting below. Free blog - forexmonopoly.com

dakshmurkute Mar 25, 2019

After a long correction phase, USD-JPY finally gave a impulse and penetrated through important support resistance zones . This pair is trying to bounce back from the next Support resistance zone, which i think could be a short lived one . I already have two entries running on this pair with 150+ pips, one being a reversal entry and another one was a continuation...

dakshmurkute Mar 24, 2019

AUD-JPY seems to has reached a critical support resistance zone right now . You can get a good r:r on your trades by being neutral on this pair . Buying anywhere near the support resistance zone could give a good r:r on your trade with a good and tight stop loss . With a stronger yen last week i think bears will continue to dominate market this week too, And if...

dakshmurkute Mar 21, 2019

As i told in my last UJ post, this pair broke through the major resistance and also 200 ema on 4 hour chart . So, it seems the correction period is finally over and we saw a huge impulse as a result of it . Now, what can we expect from this pair next ? UJ has reached the next resistance, so a more correction is expected from here. The trick here is to wait and...

dakshmurkute Mar 20, 2019

USD-JPY has been in a correction peroid since the start of this year . Finally it has met a strong resistance and is bouncing off from that level . With the jpy getting stronger this month, Is it the end of correction for USD-JPY ? A break below 111.860 resistance can confirm a bearish move for this pair . FREE BLOG - forexmonopoly.com

dakshmurkute Mar 20, 2019

NZD-JPY has been in a correction peroid for a long time now . It is at a crucial point right now . I think it may give a bearish impulse now , but before that it can test the 77.177 resistance zone . I opened a short position with a very tight stop loss as it may retest the 77.177 resistance . Is it the end of correction peroid ? Blog - forexmonopoly.com