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)

30 JULY - 03 AUG 2018

EUR/USD: 

 Last week we clearly indicated two short term Gann  levels to create short  positions. Look at the chart above and see how sharply it corrected from the Gann levels which was very close to 1.1750. Short term trend remains sideways to downward. This week watch two Gann levels closely for short term gains. 1.1750 to act as resistance and 1.1570 to act as support. Buy near support and short near resistance and be ready to reverse your trade if these levels are breached convincingly.

No change in positional view or levels. The trend of EUR/USD  is weak but it has reached a very crucial Gann support level. So positional traders must watch the Gann support zone 1.1509 and  1.1445.  Breaking of these support zone will indicate big weakness. 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::  1.1509 / 1.1445 / 1.1075

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1.1860 / 1.2035 / 1.2211 

DOW JONES INDUST:

Dow is getting ready for an upward range breakout but technical confirmation will come only if it is able to close above 25850. Short term trend is bullish and  the strength of the present uptrend will remain intact till it does not close below 24900. 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::  249500-24600-24400-24000-23500-23350

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 25600-25800-26620

DAX: 

Short term trend is bullish but big hurdles are also ahead.  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  12530-12450-12370-12100

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

NYMEX CRUDE: 

  All those who are following Gann levels closely must have been rewarded handsomely  last week by going long near Gann support of 66.6. Trend will remain bullish till it closes below 66.  In case if this support is broken then 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 views or levels this week.

 After breaking the crucial Gann support zone it went very close to the next support near 1205. Gold made a low of 1211 and a good 30 points bounce from there. 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 :: 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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