PavanKulkarni

PavanKulkarni

USDCAD has had a long rally which started back in June last year. After nearly 3 quarters of run up the hill, the price action shows signs of an evident reversal. How can reversal be expected at the highs ? Studying the price action, we could see that the pair has had a very consistent uptrend for a long time with consistent pull backs and trend resumption but the...

PavanKulkarni

The new year pushed gold up finally breaking the long consolidating descending channel which was evident for long. And since then, Gold never looked down and kept the climb up extremely powerful. After a fortnight, we have finally observed a little breather on the instrument. Looking at the price action on it, we could see that gold almost double topped with the...

PavanKulkarni

The pair has witnessed a big move down since December and now showing a corrective pull back forming an ascending channel. The classic result of an ascending channel is a break towards the downside falling back in trend. To make this more conclusive, another parallel line is drawn right in the middle of the channel. This shows us the amount of time the price has...

PavanKulkarni

The pair after a strong move down has been in a corrective consolidation forming an ascending channel. If anything this pattern tells us is that the pair is not finished picking its bottom. Also, looking closely at the price action on the 4 hour chart, we can observe the evident struggle on the pair already with more rejections from the top as it reaches the 38%...

PavanKulkarni

The pair has had a really great up run in the past few days. With yesterday's action bringing a slight relief to the run with a good bear candle, the bulls have again taken control of the pair... After a nice little pull back, there has been a gradual change of hands from bears to bulls which is evident in the price action. The first being the first pin bar...

PavanKulkarni

Gold has been in a descending channel for a really long time and currently it has bounced back down from the resistance of the channel. As the price action has strongly stayed inside the channel without any signs of strength to push for a breakout on the higher or lower end, a short is a viable idea on gold with targets at half way point from the resistance while...

PavanKulkarni

AUDUSD has headed up into a strong resistance on the 4 hours and also a key level on the daily chart which adds up to the strength of the level. The double bottom launched a rally of about 150 pips with a nice risk to reward ratio, giving a chance for a small counter trend play before a possible breakout. A short on the pair upon signs of any weakness is a very...

PavanKulkarni

While the daily chart on the pair does not show any signs of the direction of the pair, dissecting it into 4 hours time frame gives a beautiful price action. The pink rectangle shows a potential reversal area of the pair going back to June of 2013. This may probably give us a chance to keep looking at the pair, what gives us a little more reason to take a position...

PavanKulkarni

AUDNZD has stayed in a non-volatile consolidation for a really long time. The long tails at the top and bottom of the candles indicate the low volatility of the pair. Observing the price action, the pair has been consistent in its behavior giving us a lot of clues of its intention along the way. These clues may be hinting towards a classic Cup and Handle formation...

PavanKulkarni

AUDJPY has made a strong move down for several days. For nearly a month to be precise. Following the downward impulse is a consolidation which has constantly left clues that shows the possibility of a further move down. Orange line 'A' shows the resistance off which the price has been repeatedly rejected while the orange line 'B' shows the support off which the...

PavanKulkarni

After a nose dive on NZDUSD, an ascending channel with trendlines 'AC' has formed on the pair with price leading up to the previous resistance. The current rejection off the previous resistance which also intersects the ascending channel's upper line shows the strength of the bears on the pair. The classic result of an ascending channel is a break towards the down...

PavanKulkarni

Three aspects that gives a short signal on the pair. The first being the pair completes a full AB=CD pattern with giving a short signal to catch a good number of pips on the retracement back to .382 or probably even .5 of CD. Second to back the short signal is the price has just hit the resistance on the daily chart evidencing a neat rebound of the level. Third...

PavanKulkarni

Price Action Talking The GBP has taken a dive down since its peak on 19th of Septemeber.... We could see the key levels encircled with green color.... It took a really strong bull candle to break the key level on the 18th of September which then lead to a new high of 180.692 before taking a dive back down. As the price dove back down, we could again observe the...

PavanKulkarni

NZDJPY has formed a descending channel. The descending channel is a price action that usually results in a breakout to the upside. Though this classical pattern always is self-fulfilling, we may use another technique to confirm the breakout direction. Whenever there is a channel formation, descending or ascending, a third line parallel to the channel can be drawn...

PavanKulkarni

The short is very evident on the pair. I am trying to talk a different approach, a little price action here. Now, looking at the trend line 'A', it is obvious that the trend is upwards. But, if we give a closer look a the candles, this is what we can observe. From point '1', we can see an aggressive move up with large candles before the impulse observes a...

PavanKulkarni

EURUSD has completed an AB=CD move towards the down side thus giving a bullish signal with an excellent risk to reward ratio. The point 'D' impeccably lies on the weekly and daily support and resistance levels which should probably evidence the hard bounce back up in the following days. First scenario being the stronger the support levels, the higher the bounce...

PavanKulkarni

Oops!!!...Scroll the chart to the right....:-/ AUDUSD is showing a bullish Gartley.... I should have published the chart earlier but I did take the trade on this pattern and took out a small profit. Why I am putting this out now is we still have an amazing opportunity to play this pair..... As we can see, the pattern is one reason to play this. And it also...

PavanKulkarni

EURNZD has made a huge move down and now its just pulled back up to the resistance filling a crab pattern. The pattern has a nice risk to reward ratio as the resistance is strong on the weekly chart as well.... A nice place to short at 'D'.... With stops at 1.618 extension of 'XA'...... and Target 1 at .382 retracement of 'CD'... Target 2 can be trailed.....