A bullish harami pattern has formed on JSE:BHG which is a bottom reversal signal. Although it hasnt triggered our order just yet, if it moves in an upward direction, the stochastic, MACD and EMA's will most likely signal a trade as well, hopefully this harami pattern will get us in the trade earlier than our momentum strategy indicators would have.
If over the next couple of months we move below the EMA 20 (at around 37k by then), it suggests we could go lower, even below the EMA 55 ( maybe around 25k towards the 3 quarter of this year ) I dont know if its too likely we'll reach any new ATHs till at least 2025-2026 sometime, but go ahead. make my day.
USDCAD is at the bottom of a trading range and near the Weekly 200EMA which acted as good support in the last bull trend opportunity from July to October. Now that we're here, should we long? How do we trade this? 🤔 We almost have enough price action to justify a long entry. Longing now would be maximally risky because we don't have a good buy signal bar yet....
Technical a standard price action pattern: trend A - sideways adjustment structure with more than 2 test- trend B is forming the trend at higher timeframe is still bullish with meters being green Fundamental Numerator Side Not quite promising but still positive. The expected growth on earnings and revenue are slightly lower than average of its industry....
Nice looking Reversal Pattern Look for price to rotate to the downside Short or Sell Rising Wedge Pattern
+ 1.) took 3 weekly lows 2.) strong weekly wick 3.) daily momentum 4.) 4h bullish orderflow i go only long if we stay above this zone waiting for more confirmations
+ 1.) weekly candle reject weekly level 2.) holding strong daily/weekly level 3.) daily momentum candle 4.) 4hour bullish orderflow -could be a pullback trade because we see momentum to the downsite, but still holding strong support zone- waiting for a small pullback then long
+ 1.) weekly orderflow bullish 2.) took 2 weekly lows and reject 3.) 4 daily rejection candles on 1.08680 weekly level 4.) daily divergence (weekly orderflow) 5.) 4h divergence on weekly level - 1.) daily orderflow bearish -could be a pullback trade- waiting for a small pullback then long
: 1. **RSI Crossover Strategy:** - RSI Length: 24 - RSI Moving Average Length: 150 In a typical RSI crossover strategy, traders often look for signals when the RSI crosses certain thresholds (e.g., 30 for oversold and 70 for overbought). In your case, with a length of 24, you might consider buying when RSI crosses above 50 and selling when it crosses...
This is a daily Boeing chart with the idea on the chart in the text. There may be a good entry before earnings using a stop loss under the POC line and an ultimate target of the projected trendline resistance at $280-$300 if all goes well fundamentally with an FAA investigation and its sequelae. A megaphone pattern demonstrates increasing volatility in...
GBPUSD is setting up for a potential combo trade. Keep an eye on: Bearish Shark Pattern: Timeframes: 15 mins and 1-hourly Completion: 1.2708 What makes this interesting is that both Shark Patterns have different starting points. Exercise patience and wait for candlestick confirmation. Share your insights and trade plans on GBPUSD!
Gold was very bearish this week and the price managed to set a new local lower low lower close, violating a solid rising trend line. Even though the market closed recovering, I remain bearish biased. I do believe that the fall will continue next week. Next support - 1980 ❤️Please, support my work with like, thank you!❤️
MATIC (Polygon) is holding above the Daily 200EMA support and has yet to break it after making contact 5 times since breaking it. So why is a short scalp reasonable? How do we trade this? 🤔 We have a few good reasons to be looking for a counter-trend trade; There have been several sell-offs in the $0.95-$1.10 range, a very strong sell-off at $1.10, the 200EMA...
Chart is forming cup and handle formation on weekly chart. Volume is increasing with the price rise and decreases with fall in price. FIIs are increasing stake every quarter. ROCE > 20%, PE < Industry PE RSI is above 60 , another bullish signal TARGET -1 : 120 TARGET -2 : 140 STOP LOSS: 88 **These are my personal observations. Please trade at your own risk.**
State Bank of India is an Indian multinational public sector bank and financial services. SBI is one of premier Indian bank which is also a Public Sector bank. The positive aspect of the company is Zero Promoter pledge, Book value of the share increasing, FIIs increasing stake in the bank, Annual net profits are increasing, revenue of the bank is also...
Ratnamani Metals & tubes Ltd. is a company manufacturing pipes and tubes of Mild steel, Stainless steel, Alloy steel as well as Titanium welded tubes. They also provide anti-corrosive coating solutions for pipes in addition to induction bending solutions. Negative aspect of the company is that Mutual funds are decreasing stake and net cash flow is on a decline....
I just want to share my insights, i created this chart a year ago and somehow it follows the trend. now I believe that we will be above 50k on or before end of March and we will revisit the ATH or surpass it by the end of November. You can open a long-trade now or wait for the possibility for 38k-35k BTC.
This is a update to the trade I took (sell) let me know what your thoughts is on this trade