Luv Sharma
Independent investor with over 8 years of investment management experience.
February 2012
CAD/CHF Setup
By Luv Sharma 417 days agoCategories: Forex
CAD/CHF is about to reach its strong psychological and horizontal support level in the 0.90 region. After a 400 pip drop we expect this level to provide some support and will be looking for some evidence of buying interest ahead of this...
Long USD/JPY
I am going long USD/JPY from 82.74 with stops below 82.5 and targets above 83.4. The pair has been finding support at the 50% retracement level. This recent pullback provides a low risk trade setup. Good luck trading.
Looking to buy AUD/JPY
I am looking to buy AUD/JPY close to 85 with targets of 86 and 86.50. The 84.80-85.0 region is strong support and the RSI is already hitting oversold levels. We should see a bounce from this region even if we are to continue lower. Will...
Potential AUD/NZD longs
By Luv Sharma 426 days agoCategories: Forex
AUD/NZD is testing the rising trend line from the 1.2763 lows. Although my confidence in this trade is ow this presents an attractive risk reward long position. We are not issuing a formal trade call on this setup but if you are...
Long CAD/CHF
I am taking a short term long on CAD/CHF at CMP (0.9244) with stops below 0.92 and targets of 0.9310. This pair may be setting up a potential double bottom or a head and shoulder top. But either ways we should see a bounce to the 0.9310...
Looking to buy AUD/USD
By Luv Sharma 429 days agoCategories: Forex
AUD/USD has broken above the trend line that had guided the pair lower from 1.0850 and the 1.0550 resistance. This level should act as support going forward. We will be looking to buy pullbacks in AUD/USD to the 1.0550 level with stops...
Long GBP/CAD
GBP/CAD is testing the longer term trend line on the weekly charts and showing support at the level. The trend line is at 1.5460 currently. The pair bounced higher after a test of the trend line breaking the previous high and has...
Looking to buy USD/CHF
We are looking to buy a USD/CHF dip to the 0.91 level. This level reinforced by the 38.2% Fibonacci support and is also a horizontal and psychological support level. Targets for the trade can be placed at 0.92 and 0.9250. Stops can be...
Looking to go long AUD/JPY
AUD/JPY is coming up against its 38.2% Fibonacci retracement level in the 84 region. This level is also psychological and horizontal support. We will be looking to enter long positions on confirmation of a bounce after a test of this...
EUR/USD approaching Trend-line Support
EUR/USD is approaching trend line support and the RSI is trying to recover from the oversold region. We may see a bounce in the pair which should test the 1.33 region. I will be looking to go long on a confirmation of a bounce after the...