USDJPY broke and closed above a key horizontal daily resistance last week. After a breakout, the market retested a broken structure and started to consolidate. I see a horizontal trading range on a 4h time frame. To buy the market with a confirmation, I am looking for a bullish breakout - a candle close above the resistance of the range. It will give me a...
Looking at Fantom on the daily timeframe, we see a promising setup following the completion of Waves 3 and 4. Wave 4 ended around $0.567, and since then, we have observed a consistent formation of higher lows. This pattern suggests a continuation of the upward trend. The recent rise has left behind a breakout gap. Our plan is to see this gap touched or closed,...
BUY ABOVE - 49480 SL - 49290 TARGETS - 49670,49850,50000 SELL BELOW - 49290 SL - 49480 TARGETS - 49050,48800,48620 NO TRADE ZONE - 49050 to 49670 Previous Day High - 49670 Previous Day Low - 49050 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
evening traders, looking at this trend it seems, that after the daily candle on the 23/05/2024 closed on the outside of the trendline (due to the news) that on the 24/05/24 the pair regained the strength to then push back up and the daily candle has set stone back into the trend. is this a continuation? to me personally i feel this shall carry on. i have set a...
BEL Analysis and Signal on 4H 🔵Entry Zone 0.8626 - 0.8284 🔴SL 0.7563 🟢TP1 1.0350 🟢TP2 1.2346 🟢TP3 1.4554 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your...
Jamna Auto Industries Limited , a key player in the automotive sector, is showing promising technical signals for a potential swing trade opportunity. Reasons are listed below : Jamna Auto's chart displays a bullish cup and handle pattern breakout, indicating a reversal in the trend. A bullish engulfing candle on the weekly timeframe signals a potential...
With its strong foothold in the Indian banking sector and commitment to providing financial services to customers, Indian Overseas Bank presents an intriguing opportunity for swing traders. Reasons are listed below : Strong Support at 55-60 Zone : IOB has established a robust support base in the 55-60 zone, from which the price is rebounding, reflecting...
Container Corporation stands out as a promising prospect, supported by compelling technical indicators, inviting closer scrutiny. Reasons are listed below : Container Corporation has exhibited resilience at the 815 level, undergoing multiple tests before breaking through. The ongoing retest of this level signals a potential paradigm shift in the stock's...
This presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Hindustan Petroleum Corporation Limited ,a leading energy company in India engaged in the refining and marketing of petroleum products. Reasons are listed below : Strong Support at 450 Level : HPCL has established a robust support level at 450, indicating...
A potential swing trade in Finolex cables , a prominent figure in the cable manufacturing sector. Reasons are listed below : The stock bounced convincingly from the strong support level of 850, indicating solid buying interest at this price point. A hammer candlestick on the weekly timeframe signals a potential reversal, suggesting a shift from bearish...
Greetings Traders! Brief Description🖊️: Today, I am focusing on trading the US30, with an interest in taking a selling opportunity to reach the H4 bullish order block. Things I Have Seen👀: Liquidity Engineering🔄: Currently, price is engineering liquidity right above the H4 bullish order block using a retail pattern (support zone). Confirmation Buy Zone🟢: Once...
SUI Analysis and Signal on 4H 🔵Entry Zone 1.0369 - 1.0638 🔴SL 0.9673 🟢TP1 1.1397 🟢TP2 1.2670 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and...
💹 Let's kick off the new week by updating our analysis on this currency pair and reviewing our new entry points. FX:NZDCAD 📅 Weekly Time Frame: On the weekly time frame, this pair, like most others, is oscillating within long-term boxes without any specific trend other than ranging. 📆 Daily Time Frame: On the daily time frame, however, we are grappling...
Last week, the gold market witnessed a significant decline and seems likely to continue to correct this week. Gold prices opened the session stable at around 2,340 USD and remained stable in the early hours of the Asian trading session. Gold prices reached a record high of 2,450 USD/ounce early last week before the market reacted to news of the tragic accident...
Dear traders! As Ryder mentioned in last week's analysis, EUR is currently in a corrective recovery phase, receiving support at $2328. However, overcoming the $2375 resistance seems challenging and remains on target. Currently, XAUUSD is trading steadily below immediate resistance at $2355 and there are no signs of a reversal in the pair's trend yet. It seems...
ENA Analysis and Signal on 4H 🔵Entry Zone 0.952 - 0.916 🔴SL 1.0086 🟢TP1 0.8344 🟢TP2 0.7396 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and...
Dear traders! GU is trading around 1,274, showing little change from late last week as it entered a short-term consolidation phase. It completely convinced me to buy in the medium to long term as it completely confirmed the break of the falling channel resistance and the strong increase so far at. Personally, I still maintain and believe in a buy target towards...
The EUR/USD pair is trading in a local uptrend, which can be recognized by looking at the previous green 1W candle. On the 6H time frame, this pair is going down however the BB indicator is showing a sideways trend after expanding. Therefore, we are looking to buy a pair with the lower BB line acting as support. The next target is the 1.088 area.