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Sunday, 24 November 2013

Weekly Trading Plan 25-30 November 2013




Weekly Trading Plan 25.11.2013 - 30.11.2013
“He who fails to plan is planning to fail
                                                                        Winston Churchill 

EURUSD:
Bigger cycle wave XX is in progress. Sell the top of the corrective rallys.Beware of short squezee.
Pattern in progress: Wave (ii) of wave C impulsive ( OR 3)
Pattern in question: -If level1.3577 is broken
Pattern Invalidation: -If level 1.3663 is broken


GBPUSD:
Bias is to the downside to sell the rallys in corrective wave C of wave (ii)
Pattern in progress: Wave (v) of wave C of wave (ii)
Pattern in question: -If level 1.6204 is broken
Pattern Invalidation: -If level 1.6259 is broken

NZDUSD
Bias is to the downside to complete the impulsive wave progression. Sell the rallys.
Pattern in progress: Wave (5) of wave (iii)
Pattern in question: - If level 0.8240 is broken
Pattern Invalidation: -If level 0.8325 is broken


GOLD XAUUSD:
Bias is to the downside so sell the rallys for wave (v). Then upside correction should start. 
Pattern in progress: Wave (v) of wave a of wave Y brown.
Pattern in question: -  Iflevel 1300 is broken
Pattern Invalidation: -If level 1327 is broken

EURJPY:
Bias is to the upside to finish wave (a). Then corrective wave (b) is on the way.
Pattern in progress: Wave (a) of wave 5 (Ending Diagonal)
Pattern in question: -If level 135.75 is broken
Pattern Invalidation: -If level 134.08  is broken

GBPJPY:
Bias is to the upside to finish impulsive wave progression.
Pattern in progress: Wave (iv) of wave 5 of wave 5
Pattern in question: -If level 161.75 is broken
Pattern Invalidation: -If level 160.05 is broken


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