Reasons for bullish bias: - Price bounced from strong support along with 0.382 fib retracement - Price respected trendline - Strong bullish candles Entry Level(CMP): 291.29 Stop Loss Level: 279.64 Take Profit Level 1: 302.94 Take Profit Level 2: Open
Market opened on a positive note, but bulls were not able to sustain in the market and turned market negative, and made days low that is 21915. Nifty has formed big red body candle with upper and lower shadows. Bearish Engulfing candle is formed on daily chart which indicates bearish sentiments into the market. Today’s candle is halfway crossing the 9 days...
When BTC surged to touch 49K in the prior move we saw a shooting star candle form with a proceeding downward move. We see the same thing happen on the daily candle close once it hit $53k. We also see bearish divergence on the RSI indicator on the 4hr timeframe. If history is our teacher then a move down should be forecasted in the near term. As you can see from...
This is an update of my potential trade idea posted few hours ago. Now we have actual 15M bullish breaker with FVG aligned with it. I will target 1H equal highs for 1:2,4 RR. The logic of the trade is explained in previous post
We witnessed a free fall in Nifty today across the sectors. While the Nifty is falling freely a major support level of 200 hours EMA is approaching. Coinciding with 200 Hours EMA (Father Line) support is a trend line support which is near 21865. What seems to be the reason behind the market fall seems to be SEBI advisory to the Mutual Funds regarding their...
Since daily lows were taken on EURUSD I'm observing potential bullish breaker on 15M chart to return to NY midnight open level
NZDCAD is currently approaching a peculiar zone based on a key horizontal support and a solid rising trend line on a daily. Your confirmation to buy will on an hourly time frame. 0.8285 is the neckline of a double bottom formation. We will need an hourly candle close above that to confirm the strength of bulls. We can buy the pair then anticipating a bullish...
I noticed a strong bullish reversal signal on 📈DXY. The pair successfully broke through a resistance line in a descending channel after testing a significant horizontal support level. This breakout indicates the possibility of an upward trend, with potential targets at 104.20 and 104.41.
CME_MINI:NQH2024 - PR High: 18019.75 - PR Low: 18003.75 - NZ Spread: 36.0 Key economic calendar events 08:30 | GDP 10:30 | Crude Oil Inventories Little change from prev 2 sessions - Inside week range - Just under prev session high/close - Fading into BeZ Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR:...
Scallops Descending Price looks like it’s selling off once again Sell the next retest of resistance
Today again we saw benevolence of Mother line (50 hours EMA) coming to fore and supporting Nifty giving it support to close well in the green. If Nifty can close above a strong resistance of 22218 there are good chances of Nifty again reaching previous high of 22295 or even cross it and go towards new high of 22364. Supports for Nifty remain at 22110 and 22105...
Market Structure Bullish on Higher Time Frames Strong Weekly Bullish Close Weekly and Daily around same AOI Previous Daily Engulfing candle Weekly Rejection at AOI Daily Rejection at AOI Daily EMA retest Around Psychological Level 1.46000 Looking at a potential continuation to the upside REMEMBER: Trading is a Game Of Probability :...
We started with continued upside movement with Friday creating the shift in market structure. My overall bias was bullish and still is on a macro perspective up to 4.40%. Thursday and Friday were the days that we witnessed buy stop raid before a reverse which gives me the idea that we are in the cards for some form of continued retracement, at least up to the...
In this chart we mark support & resistance grid lines, which help us to decide entry & exit point of the trade.
Overall DOGE has been moving in an upwards rising channel which is mostly known for a breakout or breakdown pattern. It could lead either to a super strong bullish move taking it upto 10 cents or even more or it could just break down until it completely reverses all that it has grown for the past months at around 0.05 area. So this is a dangerous game! Daily...
In this chart we draw 3 support lines & 3 resistance lines. and we set a small target of short entry. lets see what happens
I know this a bull market but I think we will have a hard pull back soon. I don't want to be caught with my pants down so I opened another short. I'm still bullish overall but I feel better hedging my portfolio.
In this chart we draw support & resistance to calculate our entry, stop loss and target profit. so we assume a long entry and we added entry levels