GBPAUD has piqued my interest from a mid to long-term perspective. I'm looking at two potential shorting opportunities: Key Levels: - Short Entry on Resistance Retest: 1.9212 - Bearish Channel Indication: As long as this channel isn't violated, it strengthens the bearish bias. I'll be looking for shorting opportunities on both the 4-hourly and 1-hourly charts...
A lot of traders aren't familiar with Harmonic Bands ; to be fair, they don't appear frequently. Here's what I'm looking at: AUDUSD H4 Chart: - Short Entry: 0.6666 - Long Entry: 0.6600 Target on the opposite end. What's your trade plan for AUDUSD? Share your thoughts and strategies in the comments below! Happy trading!
While the daily chart shows a potential Bearish Butterfly Pattern, my experience suggests this might not play out as expected - or it could be a significant warning sign for traders. If you're considering shorting GBPUSD, I'd recommend a type 2 retest on the Bearish Deep Gartley Pattern at 1.2756 as a more reliable entry point. Share your thoughts and trade...
So, as we come tot he close of MAY 2024, short of a Catastrophe today, MAY will close Green for the 7th time in Bitcoin History, bringing the score to 7 Green - 6 Red for May The Current score for June is 7 Green - 5 Red On 4 occasions, we have had a Green June after a Green May, so odds are higher we will see a Green June, though is os NOT a...
Many companies are flush with cash right now, so buybacks are going to increase. Buybacks can create plenty of swing trading opportunities. Buybacks are used by the Board of Directors to drive price upward, or at least maintain price at a certain level. They also remove outstanding shares from public exchanges. The Percentage of Shares Held by Institutions (PSHI)...
Hello traders! EurUsd has wasted no time and is seeing some buying pressure to kick off the week. We are 31 pips from the previous weeks high price as the Eur is being bought ahead of next week's Interest rate announcement by the ECB. Apparently the central bank will be cutting rates and so the market is moving on a "Buy the Rumor and Sell the news " sort of flow....
Hello Traders. Welcome back to another Analysis. Last Weekly candle closed down 20 Pips on EurUsd.. which was quite a different picture from the previous 5 weeks. Through the second half of April and throughout most of May we observed alot of optimism and observed a decent rise in EurUsd. This sentiment came to a halt last week as EurUsd pulled down during most of...
Hey traders! If you're eyeing long XXXJPY pairs, I'd recommend keeping a close eye on NZDJPY. Here's why: - Natural appreciation for NZDUSD could give your trade a boost - Waiting for a retest on the trendline before entering a buy position However, always remember to: - Plan your trade carefully - Be aware of the potential for BOJ intervention without...
Hey traders! Let's dive into the EUR/USD market analysis. While many are eyeing a shorting opportunity at 1.2743, leveraging RSI Divergence, it's crucial to acknowledge the overarching bullish trend on both daily and weekly charts. Currently, the market is hovering around a critical support level at 1.2723. A 20-pip move might not be substantial, but it can be a...
On the Weekly Chart, this looks like a regular day strolling down the road of simple support and resistance trading. This is when new traders got it all wrong! On the Weekly Chart, sideway consolidation occurred. When sideway consolidation happens, market expansion, known as a volatility increase phase, will definitely follow. From what we had, at this moment,...
After a long wait, a trading opportunity that is worthy has resurfaced. I'd execute a long order on NZDUSD when it retest the trendline at 0.6096 and my initial stop-loss is at 0.6076(-20). TP1 will be at the immediate resistance and that's when I'll shift stops to entry.
1) The stock is in uptrend in all major timeframes. 2) The stock is in weekly consolidation since JAN 2024 - 4 Months old weekly consolidation. 3) The stock shows strong volatility contraction in Daily, looks poised for breakout. 4) Weekly,Daily,4H & 75 min RSI Intact - Momentum in play. Entry around 230, Best - Between 215-220. SL - 214 Daily closing...
HDFCBANK is now at the support level and forming a bullish engulfing pattern at the daily time frame and also a fundamentally strong pick with decent profit and revenue growth we can expect good upside movement from this level Target and stop loss on the chart.
after pattern breakouts what colour will the 4th be? when approval , when 1st day of ETF trading we don't know of course and self custody is the true way to own a bitcoin But anyway I am in the camp of new high's in 2024 stay strong stay long but expect that the market will try to throw off the bull train.
During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
- Trade Strategy: Trend Trading - Sideway Bounce Setup - Key Levels: Key Support at 1.2461, Target at 1.2502 - Profit Potential: 41 pips (410 USD/lot) Analysis: - Trade Strategy: Trend Trading - Sideway Bounce Setup - Key Levels: Key Support at 1.2461, Target at 1.2502 - Profit Potential: 41 pips (410 USD/lot) Trade Plan: - Long Opportunity: Consider going long...
Trade Strategy: Short-term Buying Opportunity - Key Levels: Buying Opportunity at 1.0679, Take Profit at 1.0722 - Profit Potential: 43 pips (430 USD/lot) Immediate Trade Plan: - Trade Strategy: Short-term Buying Opportunity - Key Levels: Buying Opportunity at 1.0679, Take Profit at 1.0722 - Profit Potential: 43 pips (430 USD/lot) Future Trade Plan: - Buying...
Trend - up in all higher time frames. Weekly RSI - Took support at 62 and moving up. Stock has given a bullish penant breakout after consolidating for 5 months - Sep - 2023 to Feb 2024 Retest of the breakout has happened. Now weekly and daily price actions shows the upward momentum. Entry - One may wait for daily previous supply levels - 2015 to be hit and...