WEEKLY NEWS LETTER BASED ON W D GANN RULES

(Please read the Risk disclosure, Disclaimer, Non-disclosure and conditions of use given below before proceeding any further)

13 - 17 AUG 2018

EUR/USD: 

 Range bound trend was broken last week convincingly and those who went short (as per the instructions),after  breakdown of the range must have made good profit . Short term traders should follow sell on rally strategy for the time being. Gann resistance levels are 1.1530 and 1.1630.

Very clearly indicating for the last several weeks that the positional trend of EUR/USD  is weak  so finally it broke down the range . Now it has closed a tad below The crucial Gann support level but before pronouncing big weakness it must close below last week's low.  Breaking of this support level will indicate big weakness and the next major Gann support is near 1.1075. Follow the levels given below and create your own trading plan. These levels are only for positional trading and are very important on closing basis.

Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL  can subscribe for it. To subscribe visit the following page  https://www.artoftrading.co.in/newsletters

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::   1.14000/ 1.1075

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1.1630/1.1790/1.1860 / 

DOW JONES INDUST:

Dow was not able to close above 25850. So we we witnessed small correction but  short term trend is bullish and  the strength of the present uptrend will remain intact till it does not close below 25000. Follow the levels given below and create your own trading plan. These levels are very important on closing basis.

Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL  can subscribe for it. To subscribe visit the following page  https://www.artoftrading.co.in/newsletters

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  25100-24850-24550-24000-23500-23350

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 25800-26620

DAX: 

 Short term trend remain sideways now.  Convincing crossover above 13210 on closing basis will indicate big up move in coming days. Any close below 12370 will put it again on weaker zone. Follow the levels given below and create your own trading plan. These levels are very important on closing basis.

Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL  can subscribe for it. To subscribe visit the following page  https://www.artoftrading.co.in/newsletters 

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE  12370-12100-11725

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 12740-12890-13000-13210-13620

NYMEX CRUDE: 

  Gann support is maintained as of now and the trend will remain bullish till it closes below 66.  In case, if this support is broken then the trend become side ways and next major support exists in the zone of 63.5 to 63.8.Follow the levels given below and create your own trading plan. These levels are very important on closing basis.

Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL  can subscribe for it. To subscribe visit the following page  https://www.artoftrading.co.in/newsletters

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  66.6-63.5-61.5

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 70.3--71-71.7-72.4-75

GOLD LONDON: 

 

 No change in Gold levels as it remained in 12 points range last week. Gann support of 1205 still holds, look at the chart.Trend remains week and sell on rallies are better trade now. Follow the Gann levels given below and create your own trading plan.

Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL  can subscribe for it. To subscribe visit the following page  https://www.artoftrading.co.in/newsletters

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  1205-1180-1120-1045

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1235-1245-1266-1288-1315

 

 

• IMPORTANT TRADING RULES::
   
  PLAN YOUR TRADE THEN TRADE YOUR PLAN.
  
  
  ALWAYS TRADE NEAR  GANN  LEVELS TO MINIMIZE RISK.
  
  
  NEVER BE RIGID IF SUPPORT & RESISTANCE LEVELS ARE BROKEN.
  
  
  NEVER TRADE WITHOUT STOP LOSS.
  
  
  PUT STOP LOSS IN THE SYSTEM NOT IN MIND.

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  Risk disclosure, Disclaimer, Non-disclosure and conditions of use
   
  Art Of Trading(AOT)/ RRR PROFIT is an educational organization and its founder Shyamal Ranjan Sinha  intends to educate you on techniques and/or analysis and/or hypothetical trading strategies associated with W.D.GANN principle and other forms of market analysis. You have a unique opportunity to learn from the experiences and techniques taught by Shyamal Ranjan Sinha. However, the News Letter/ tutorials do not, and should not be implied to, provide that any level of success or profits shall be attained or realized as a direct result. This is an information service only
   
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