COPPER : Opportunity waiting ??

Hello Guys, 

Posting About COPPER Today ... 

Let's Start with Weekly Charts. 

Copper Chart on weekly time frame, See a Falling Trend line in Blue dotted line The Price has already broken out from the falling trend and moving nicely upward. We can see the Price has formed a reversal pattern Inverted Head and Shoulder, The Neckline of Inverted Head and Shoulder is placed around 280 levels and the Breakout from 280 levels is strong with current week's Strong Bull Candle. The Price needs to sustain above the Neckline for the Week and Next week Candle should be completely above the neckline. Actually On Daily Time frame Today's Candle (26th July) is Trading above the Neckline completely. We may assume the breakout is done now. 

Let's Move on to the Next Chart 

The Same Chart on weekly time frame, in this chart, we can see a Bullish Formation "Cup & Handle" with a Neckline placed around 283.4 levels, The Neckline worked as a strong level in past and the Breakout will give more strength to the metal for further upside. On Daily chart, current candle (26th July) is trading above the Neckline and we assume the breakout is done. 

According to the chart Recent lows on cup and the Head of the formation around 200-203 level. Which indicates further upside of atleast $80 from Current breakout level of 280-283, Targeting $360 levels, obviously it will not be one sided move. It will be having some resistances on the way to 360, which will be around 312 - 329 - 340 and then 360+  While Moving towards targets the Prices may correct, consolidate and then move. The Adviser is not suggesting the targets on immediate basis. We might see the Targets in Next Few Months. 

I will recommend to consider all Risk involved in the trade and suggest to avoid any random entries without consulting your trading adviser. As Said earlier, the prices may correct, consolidate at some levels and wrong entries may cause losses in trade. 

In Short, The Recommendation is :
BUY COPPER
Buy Range : 280-283
Stoploss : 271
Take Profits : 312 - 329 - 340 - 360+ 

For me The Risk associated with the trade is $10 approx and the Reward till Final Take Profit is of $80 .. Risk Reward of 1:8 is a Perfect Setup for any trade to buy and Hold, I advise to Enter small Trades till price is below 293, Above 293 Trade size can be increased and Hold the trade till final Targets. Traders may keep trading according to the given levels. 

Disclaimer:
The Adviser is a Global Market Expert and Internationally Known Financial Adviser, The Adviser or his clients may have trading positions in the given instrument. But due care is taken to keep the Views expressed here unbiased.

For Detailed Follow up and Consistent trading Signals please consult the Adviser for his Paid Subscription Services. For Limited Free Advisory Services Follow our Telegram Channel https://t.me/fxmagician2016 

GBP/USD ... Trying For a Breakout ??

Hello Guys,

Posting Again after a Break...

Today's Pair is : GBP/USD

I always do Technical analysis of Pairs for Longer term. Let's see the Chart directly. Following is the Weekly Chart of the pair. 

We have Seen the pair falling continuously from it's all time high of 2.11xx levels in Nov 2011, Consolidated for a good period and again continued it's downtrend since July 2014 to the Lows of 1.19xx in Jan 2017. The Current Chart is of the recent fall from 2014 to 2017, where we can see a Clear downtrend with a Simple Single falling Trend line respected till date and every time price is getting rejected at the trend line.  

at Recent Lows, We can see a Chart Pattern is forming slowly, it's a Bullish Chart Pattern and if it is formed at lows after a decent fall, it indicates a trend reversal with a considerable upside. The Chart Pattern is Cup & Handle Pattern. We will see it in details on the Daily Timeframe to get clear picture of the movement. 

Look at the Daily Chart, The Chart Pattern is clearly visible, The Neckline of the chart pattern is placed at 1.3040, if we get a clear and sustained breakout above the Neckline we will get a confirmation of the trend for a few months ahead. The Chart also shows a Rising Channel to support the upmove. The Most important resistance for the upmove is placed on the Long term falling trendline around 1.3150 just above the Cup & Handle Neckline level of 1.3040. The Immediate support is placed around 1.2890 & 1.2820 

What Will be the Trading opportunity now ?
I will Prefer to buy the pair above 1.3040 and will place the stoploss around 1.2890 which is approx 150 pips away, Once the Price Breaks above the falling trend line Resistance of 1.3150, I will prefer to buy more and hold for targets of 1.3480 & 1.3940 levels which is approx 900 pips reward.

For me the risk reward is in favor of the trade and the trade can be taken with proper risk management and strict stoploss, Here we can not neglect the risk of price getting rejected from the falling trendline again. Better keep trade size small till the trendline resistance is decisively crossed and sustained. Once the Resistance is cleared Increase the trade size considerably and carry for the targeted levels. 

In Short The Recommendation is

BUY GBP/USD
Above 1.3040 (Small Qty) with a Stoploss of 1.2890
Add more Above 1.3150 with a Stoploss of 1.3040
Hold the Trades for Take Profits of 1.3480 and 1.3940 

Follow proper Risk Management and Trade Carefully, Do not Jump in the trade without understanding the risk associated in leverage trading. Consult your Trading Adviser before taking any trades. 

Disclaimer:
The Adviser is a Global Market Expert and Internationally Known Financial Adviser, The Adviser or his clients may have trading positions in the given instrument. But due care is taken to keep the Views expressed here unbiased.

For Detailed Follow up and Consistent trading Signals please consult the Adviser for his Paid Subscription Services. For Limited Free Advisory Services Follow our Telegram Channel https://t.me/fxmagician2016 

  

DOW JONES.... What's in Store in Equities ??

Hello Guys, 

Today We will Discuss about DOW JONES. The US Stock Index. 

Let's Go tho the Chart Directly. 

This is a Daily Chart, where we can see a Bullish Continuation Pattern Cup & Handle is being Formed, A Slight Consolidation is being done while the Handle Part is being completed, We can see two important levels, 21300 and 21526 ... Acting as Strong Support and Resistance. We need a Close above 21526 to come out of the range and start next upmove. The Neckline of the Cup & Handle is currently around 21600 which in short term will act as an important resistance level, ultimately it is a round number and will work as a Psychological resistance also. 

Once the Index Crosses 21600-21640 zone and sustains above the levels, We will experience a sharp upmove and it will bring an upside of at least 1000 points.  

Previous Breakout around 20560 zone was a Flag Breakout with a target of 21800+ Level, Indicates crossing 21600 will not be difficult. The Index is Smoothly Moving by taking supports around 20 day smooth moving average. Recent support was taken around 21300 level. 

If we look in Longer timeframe like Weekly or Monthly, a Nice Cup and Handle Breakout has already occured around 19000 levels, Target of the breakout is around 25000+ levels and The index will move accordingly forming different bullish continuation patterns and spending time in Consolidation. 

I have been advising Longs in the Index since a long time almost since 15000 levels and The Index has always performed as per expectations. I hope this will help you take your decisions in trading and positioning your trades accordingly. 

At Present levels, I am Expecting a breakout above 21600 and a move above. I will never rule out a possibility of correction in the index, Every Correction is Good for Entry and Longs can be added on every dip for the target of Index level of 25000 and above.

As Always I will Say Again...... DO NOT SHORT STOCK MARKETS, Atleast not now... Rest all is Your Decisions !! 

Recommendation : 

Instrument : DOW JONES 

Trade : Buy in The Range of 21560 to 21300 / With a Stoploss of 21200 and Hold For Targets of 21800 - 22100 - 22400 - 22600 

Follow Proper Risk Management and Trade Carefully. Before Entering the Trade Consider Margin Requirements and Your Accounts Abilities to carry the Floating Profit / Loss. Consult Your Financial Adviser before Entering any trades. Never Avoid to Consult a Financial Adviser. 

Disclaimer : 

The Adviser is a GLOBAL Market Expert and Internationally Known Financial Adviser. The Adviser or his Clients are having trading positions in the said instrument. Follow Strict Risk Control, The Adviser will not be responsible for any losses arising due to wrong positions sizing.