Daily technical & fundamental analysis for multi-forex pairs

[luckyanand12]

Range-bound trading in CAD/JPY | Forex Fund Manager | Keon Consultancy
Here is how we have entered sell trades in range-bound market of CAD/JPY.

 

[luckyanand12]

GBP/USD analysis by a Forex Fund Manager of Keon Consultancy
The video illustrates how I analyzed GBP/USD and found an opportunity to enter a buy trade.

Target reached.

 

[luckyanand12]

View attachment 55756

Target reached.

 

[luckyanand12]

EUR/USD Buy Trade Explained | Butterfly under construction | Forex Fund Manager | Keon Consultancy

Read this EUR/USD analysis to understand our bullish context in detail.

The screenshot displays entry and exit levels:
View attachment 55691


Note, especially for clients: The Butterfly Under Construction had already been identified on July 9, 2020 as the price had crossed above B and trade had been entered on same day. This trade may take many days, which is why we are revealing its analysis late.

Target reached.

 

[luckyanand12]

Sell GBP/USD as Butterfly has been completed | Forex Fund Manager | Keon Consultancy
The video explains how we entered sell trade in GBP/USD after completion of butterfly. It also reveals entry and exit points.


I forgot to mention triggering factor in the video, so here is the screenshot:

 

[luckyanand12]

Buy USD/CAD after completion of ABCD | Forex Fund Manager | Keon Consultancy
Here is how we have entered a buy trade in USD/CAD. The graph below shows entry and exit points:

 

[luckyanand12]

NZD/USD analysis by Keon Consultancy, a group of Forex Fund Managers
The video explains a sell trade setup on NZD/USD. It also explains why NZD/USD was chosen over AUD/USD despite AUD/USD is overbought and prone to retrace down.

 

[luckyanand12]

Sell GBP/USD as Butterfly has been completed | Forex Fund Manager | Keon Consultancy
The video explains how we entered sell trade in GBP/USD after completion of butterfly. It also reveals entry and exit points.


I forgot to mention triggering factor in the video, so here is the screenshot:
View attachment 55949

Target reached.

 

[luckyanand12]

Sell EUR/USD after ABCD and Butterfly completion.
Butterfly has been completed at final extension point of xa that is 161.8% of xa.
As well, ABCD161.8 (CD = 161.8% of AB, measured from C) has bee completed. Butterfly and ABCD both are reversal patterns, so market may correct itself a little even if it doesn't totally reverse.
D and d make a confluence resistance zone. RSI is overbought which makes EUR/USD prone to correction.

Minimum fall should be 30% of whole abcd move of Butterfly.

Here is how we have entered sell trades:

Risk: Our risk in this trade is equal to reward and we've placed SL accordingly.

 

[luckyanand12]

NZD/USD analysis by Keon Consultancy, a group of Forex Fund Managers
The video explains a sell trade setup on NZD/USD. It also explains why NZD/USD was chosen over AUD/USD despite AUD/USD is overbought and prone to retrace down.

I am holding onto sell trade despite H4 closed above Butterfly-161.8% of XA because:

1. AB=CD is under construction, which is also a reversal pattern, so nothing but another sell trade will be sought at D. Therefore, it doesn't make sense to close existing sell position now. If AB=CD also fails to work for bears, we will exit.

2. 30% of Butterfly-level went up as NZD/USD made new. This level is now at BE of the trade, so we will close at BE if price returns.


3. USD-index has become oversold. It has almost reached the bottom made by COVID19-crisis, which is an ultimate support. Therefore, it will start correcting to upside sooner than later.