Runaway Train of Nifty Was halted by ATH (All Time High) Resistance. From the Early morning Friday Nifty looked poised to make a new high and did so without much stutter. Once it reached All Time high there was heavy profit booking seen in the index. 21800 level however provided a much needed support and Nifty closed well above that range. Support levels for Nifty...
Bank Nifty took a sold beating after massive fall in HDFC Bank share price. 200 EMA (Father Line) came to support and it tried to make a come back since 24th of January. After consistent progress for the next few days, today Bank Nifty tried to make a come back and gave a breakout by trying to go above 50 EMA (Mother Line) but it was unsuccessful and could not...
Price has come to a strong support level with candle formations indicating a bullish move. First TP is around the 18.75 mark.
##Repost## Idea from Previous week Structure is still bearish, Updated markup Market Structure Bearish on Higher times Frames Strong Bearish Weekly Close Weekly Rejection at AOI Weekly EMA Retest Weekly and Daily Around same AOI Previous Weekly Structure Point Daily EMA Retest Daily Rejection at AOI Around Psychological Level 0.83000 H4 EMA Retest REMEMBER:...
Also a repost from previous week,I was wicked out from the trade but structure is still. maintaining, Re-analysed Market Structure Bearish on Higher Time Frames Weekly and Daily at same AOI weekly Rejection Daily Rejection EMA retest on all time frames Around Psychological Level 0.89000 REMEMBER: Trading is a Game Of Probability : Manage...
Entry Taken during London Session Opening Volume. 1. Entry Taken at 30 M Break Of Highs. 2. Daily Candle Bullish Indicating Buys. 3. High Volume in Favor for Buys.
📊📊The EURJPY pair is currently in a downtrend, following a pattern known as a falling wedge. After reaching a new low, the market has started to correct upwards towards the resistance level of the wedge pattern. Looking ahead, there is a strong cluster of resistance levels formed by the wedge resistance and a horizontal resistance. This could potentially be the...
It appears every Hammer gets hammered again as a Buying entry point. Set up there and set Sells at the Bullish Engulfings yet to be captured.
Nifty is squeezing in a tight triangle and within this week or the next will give way on either side with a big breakout or a big break down. Today Nifty respected the trendline resistance near 21832 and also respected the Mother line 50 EMA Support near 21626 where it came in the touching distance near 21658 and reversed to end the day at 21697 just below the...
If price does not just blast up to 50k. Judging by the daily chart on market cipher showing that we likely have a drop coming. I am looking for the 4 hr to grab the liquidity from the highs at around 44k and wick up into the golden pocket/786 fib area, which is also a fair value gab with an old high to the left so we know there will be break even TP's there, and...
Spot gold has continued its recent volatile upward trend and is currently trading around $2,035. The tense situation in the Middle East has brought avoidance support to gold prices. However, the precious metal is more concerned about the arrival of the Federal Reserve's interest rate decision, especially the remarks of Federal Reserve Chairman Powell. In...
📊The DXY has been trading within a specific range since the end of last month. There are two possible outcomes depending on how the price reacts to the boundaries of this range. 📈In a bullish scenario, if the price breaks and closes above 103.80 (the upper boundary), I would expect it to continue rising to 104.27. 📉In a bearish scenario, if the price breaks...
This weekly chart shows price action is overbought and starting to correct. The candle stick patterns 'spinning top' represent buyer / seller indecision/ This tells us neither buyers or sellers are knowing which direction to go. The bears have clearly taken control following this overbought period.
📉Gold began to rebound consistently within an expanding wedge pattern after testing a horizontal support level. There was a clear rejection from the resistance level above, indicating a bearish signal. The next bearish indication would be a breakout below the support of the wedge, confirmed by a 4-hour candle closing below it. This breakout is expected to...
There was good downward momentum (highlighted in green), a pause in the market and the another good show of downward pressure (also highlighted in green). The double inside bar (circled) is a good base point for the market to bounce back off of once momentum (however, nothing works all the time). Happy to place a sell limit at the low as indicated.
First things first this is no financial advise, this is for educational purposes only. I see the 1 Minute timeframe creating a Sellside Liquidity pool just above the Daily Demand zone. Next we mitigated the 1D Demand Zone and created a Minor Choch. I'm already in the position, my second Buy could be a good scale in. 1:10.43 R
-Previous Day candle closed bearish. If we are looking for buys we will take on until resistance formed on 11th oct 23 Daily bearish open, TP2 will be daily bullish open on 16 Joct 23. - If we are looking for sells we take on until 24 jan 24 daily bullish open. - Wait for 1 hour candle to close above or below zone. -We risk 3% of our capital. Close trades once...
This is the best stock to buy this label. Now trained is changed to go up with all indicator showing to buy its best stock to study for fly in the sky.