Daily technical & fundamental analysis for multi-forex pairs

luckyanand12

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154
Sell CAD/JPY

Note: I said in the video that there is no significant data from Canada during NFP release, although employment data from Canada is gonna be released at same time but it will be ignored by the market. I have always seen that other economic data are ignored during release of NFP as traders predominantly focus on NFP.

Read description of the video at Youtube for non-video/text+image version of this analysis.
Trade closed: target reached
 

luckyanand12

Corporal
Messages
154
Sell CAD/JPY (again) | Detailed analysis of USD, JPY and CAD

I have explained detailed fundamental analysis as well as technical outlook of USD, JPY and CAD for upcoming 2-3 working days.
Why prefer CAD/JPY over USD/CAD? - explained in the video.
Why is there no trade for me in USD/JPY? - because I trade the strongest vs the weakest. CAD is way weaker (as of now) than both of JPY & USD.
To have complete understanding, watch entire video carefully and also watch my other videos whose reference I have given in this video.
SL, TP and entry points have been illustrated.
 

luckyanand12

Corporal
Messages
154
Sell CAD/JPY (again) | Detailed analysis of USD, JPY and CAD

I have explained detailed fundamental analysis as well as technical outlook of USD, JPY and CAD for upcoming 2-3 working days.
Why prefer CAD/JPY over USD/CAD? - explained in the video.
Why is there no trade for me in USD/JPY? - because I trade the strongest vs the weakest. CAD is way weaker (as of now) than both of JPY & USD.
To have complete understanding, watch entire video carefully and also watch my other videos whose reference I have given in this video.
SL, TP and entry points have been illustrated.
The sell limit of CAD/JPY was activated 8 minutes after buy limit of USD/CAD was activated.
 

luckyanand12

Corporal
Messages
154
EUR/USD trade with Gartley pattern
It made a Gartley on H1 time-frame. It is very harmonic because AB is equal to CD, ABCD100% extension in other words as well as speed of AB & CD is same. ABCD100% coincides with FIB 78.6% of XA, which also makes it a significant area. It formed a shooting star which is a bearish pattern too.
This Garltley is bearish reversal pattern which has capability of erasing entire move from A to D, however minimum target of Gartley is said to be 30% retracement against AD. I'm going to hold onto sell until release of Fed statement tomorrow.
EURUSD_H1_Dec 10, 2019.png


Bearish engulfing candle on D1 is still valid because movement of yesterday and today could not penetrate opening point of that candle. Don't be mistaken by the morning star because it's invalid. Reason of its invalidation:

1. Fed decision tomorrow will take over any technical scenario. Recent good NFP and other good economic data, good stock market etc doesn't make any ground for Fed to be dovish tomorrow. In recent weeks, almost all major countries held rate, which also put no pressure on fed to cut rate or signal any future rate cut now.

2. Morning star is a bullish reversal pattern and it is valid when it is formed after a downswing. This one has been formed after an upswing, which makes it invalid.

EURUSD_D1_Dec 10, 2019.png
 

luckyanand12

Corporal
Messages
154
EUR/USD trade with Gartley pattern
It made a Gartley on H1 time-frame. It is very harmonic because AB is equal to CD, ABCD100% extension in other words as well as speed of AB & CD is same. ABCD100% coincides with FIB 78.6% of XA, which also makes it a significant area. It formed a shooting star which is a bearish pattern too.
This Garltley is bearish reversal pattern which has capability of erasing entire move from A to D, however minimum target of Gartley is said to be 30% retracement against AD. I'm going to hold onto sell until release of Fed statement tomorrow.
View attachment 49163

Bearish engulfing candle on D1 is still valid because movement of yesterday and today could not penetrate opening point of that candle. Don't be mistaken by the morning star because it's invalid. Reason of its invalidation:

1. Fed decision tomorrow will take over any technical scenario. Recent good NFP and other good economic data, good stock market etc doesn't make any ground for Fed to be dovish tomorrow. In recent weeks, almost all major countries held rate, which also put no pressure on fed to cut rate or signal any future rate cut now.

2. Morning star is a bullish reversal pattern and it is valid when it is formed after a downswing. This one has been formed after an upswing, which makes it invalid.

View attachment 49164
Video version:
 

luckyanand12

Corporal
Messages
154
USD/CHF analysis ahead of FOMC & SNB press conference
The video explains technical factors as well economic events that support buying USD/CHF. SL, TP & entry have been illustrated.
 

luckyanand12

Corporal
Messages
154
NZD/USD analysis | Dec 13, 2019
The video explains why to enter sell, entry point, entry method and exit method. The entry method explains how I determined the end of effect of FOMC

 
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