MATIC has broken above the Previous Resistance Zone and is currently re-testing it as support. Is this a scenario where we enter a long? Or are we at the top ready to short? How do we trade this? 🤔 We can play either scenario, but we need confirmation in one of the directions to have enough justifications to enter a trade. If the price comes back up and...
NASDAQ:TSLA 's recent price action has shown a rejection at the 50-day EMA, closing inside with an inverse hammer pattern. This technical formation suggests a continuing bearish sentiment, with the price aiming for the $235 level. Keep an eye on how NASDAQ:TSLA responds in upcoming sessions for potential trend confirmations.
As discussed in the morning in the video/ previous messages, the area around 21500 can be a major support area and so it proved to be. Nifty stayed aloft the whole day but closed below the next resistance of 21686 . If we get an opening above 21686 or if we get few hourly candles above 21686 and the Nifty sustains there for a couple of hours further journey can...
Technical: Inverse head and shoulder on monthly chart. Price is following the pattern. Height of the head is 140 points Volume and RSi is supporting it. Relevant target : 320 STOP LOSS: 250 **These are my personal observations. Please trade at your own risk.**
Once price respects the current high that has been formed at around 46k, once price breaks below last mitigation of this current demand, we can definitely look for sells towards 40k, 35k and even 30k, depending on future data. On the other hand, a break above this current high is still posiible, but only a strong breakout above 48k will confirm buys continuation....
Jan 4th 2024 15m Trade Management 1. I took a long trade Entry Price: 1.09110 Stop Loss Entry: 1.08500 Take Profit: Follow the trend on the 15m support zones for stop loss management Risk Management Plan: I have reduced down to half. Current Stop loss: 1.08800 2. I am currently waiting for this level to break to move take profit #1
Market Structure Bearish On Higher Time Frames Retest Of Previous Weekly Structure Point Weekly Rejection at AOI Daily Rejection At AOI Weekly And Daily Around Same AOI Around Psychological Level 2.03000 Weekly EMA Retest REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient :...
We have a beautiful price action characterised by a break of structure, created a high that showed loss of bullish momentum followed by a low at 1.68879. The low is anticipated to be taken and we shall have a shift that is expected to hike price to the rejection block for sells to be taken. We have a 4 hour order block as our stop order and the ultimate target is...
USDJPY is forming a descending wedge pattern signaling bullish sentiment and setting us up for a long position. Are we in a position to short now? How do we trade this? 🤔 We have the wicks! But we need confirmation. We've had three pushes down that include two large wicks and some nice bullish price action that followed. What we need now is a push and a close...
Setting up a XAUUSD buy zone at 2045/2044 with specific take profit and stop loss levels: Take Profit 1: 2050 Take Profit 2: 2055 Take Profit 3: 2065 Stop Loss: 2035 Wishing you happy XAUUSD trading! May it lead to successful outcomes and profitable moments. If you have further updates or questions, feel free to share
Entry taken During London Session. 1. Entry Taken at 30 M Break Of highs as price is an Uptrend. 2. Price creating HL's and HH's indicating Buys.
USDCAD formed a double top pattern after a test of a solid horizontal resistance on an hourly time frame. I expect a retracement at least to 1.3295 level now. ❤️Please, support my work with like, thank you!❤️
GJ at this time appears to be on a bullish run. I have marked up both buy and sell with a 60pip SL. Rocks and lot size are low. Feel free to change to fit your trading plan. There isn’t any news that will affect this today but look for a lot of movement tomorrow. There is some Euro news which could adversely affect GJ. Good luck!
AdaniPorts is looking bullish. Can be bought near 1100-1110 Targets coming 1195 Stop loss can be below 1060 Trade at your own risk.
Gold should start its climb up to $2057 tonight . There should be on last push to 2048-49 then it should start its climb to $2057. Nothing really super technical here. It finished accumulation, then re-accumulation, made a control box, broke out. ran up. Dropped back to the zone to find support and resupply. Pushed a little deeper, and now setting up to break...