Our analysis suggests that there is a sideway bounce trading opportunity, with resistance at 158.49 and support at 156.79. With a difference of 170pips, this provides an incredible profit potential that can lead to close to 1,790usd/lot. We have two sideway bounce trading strategies that we could utilize to maximize our profits. I would love to hear your thoughts...
I wanted to share with you one of my favourite trading strategy, the Sideway bounce. Not only is it easy to execute, but it also delivers some of the most relaxing results. In this particular case, the resistance is at 148.40, and the support is at 147.51, which means they're 89 pips apart. This translates to an approximate profit potential of $890 per lot, both...
I am looking at a shorting opportunity on the GBPUSD. Based on the 4-hourly chart, I am waiting for a magic candle to form up at 1.2368 for a shorting opportunity. My initial stop-loss is at 1.2454 (-86pips) or 860usd. At this moment, my projected target is at 1.2234 (+134pips) or 1,340usd/lot. Alternatively, you can wait for candlestick confirmation at 1.2405....
EURUSD is currently experiencing a bearish trend, but for those who are counter-trend traders, there may be an opportunity to buy at the AB=CD pattern completion at 1.0602. It is important to wait for confirmation from a magic candle confirmation before executing this strategy. The initial stop-loss should be set at 1.0562 (-40pips) or -400 USD/lot. Our first...
It's time to BUY VOLTAS. Wait for the weekly close above 913. Immediate targets will be 1051 (15% upside) and 1317 (44% upside). within 4-6 months you can gain up to 44%. All of my given trades have been 100% successful. Don't you believe it? Check my all published charts! Please comment if you have any queries.
After a long downside, FIN ORGANICS has given a strong BREAKOUT and a good trend reversal. You can expect 38% profits from this level (5100) within 4-6 months. For confirmation wait for this weekly close above 5100. Comment if you have any queries.
This stock has so much potential to DOUBLE YOUR MONEY within a few 8-10 months. After 4 years of consolidation, it has reversed its trend. Since the listing, we have witnessed a continuous downtrend. STRONG BUY SIGNAL FOR VARROC ENGINEERING at the current level of 505 or you can wait for this weekly close above 497. Maintain a stop loss of 495 on a weekly closing basis.
very well and clean bearish market structure in 4H time frame, price forming lower lows and lower highs and right now price seems like to forming another LH. Price currently testing short term bullish corrective upper channel line which act as a resistance for the price. moreover, price is at static resistance area which add to our bearish confluences. Should be...
Attention traders! After successfully bagging a 1:8 risk reward ratio on the recent rally on S&P 500. There is an exciting Nasdaq setup on the 4-hour timeframe that demands your attention. Here's the breakdown: 📌 Technical Analysis Highlights 📌 🐻 Bearish Gartley Pattern: The Nasdaq chart reveals a bearish Gartley pattern, hinting at a potential trend...
*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs. since price rejected from the long term bullish channel upper line, price formed a bearish corrective structure with the possibility of upside continuation in favor...
Last week EURGBP posted a green Heiken Ashi candle on the weekly chart. This suggests to me that we may see another green weekly Heiken Ashi candle. It is also the case the a green Heiken Ashi candle was posted on the daily time frame after a series of red candles. This suggests to me that we may see a multi-day bull run.
USD interest rates is coming today. EURUSD keeps the downside move and yesterday we saw a pullback from the resistance. It will be good if the active positions are with low risk. We’ll be looking for new trades once the news breaks.
Standard bullish divergence between price and MACD indicator showing potential bullishness in the price, coinciding this divergence with price forming bullish hammer candlestick formation and also getting rejected from 4H timeframe Low, giving higher probability to this long opportunity setup.
In this Knowledge Nugget I have explained our trade in Jai Balaji which has grown by 100% in last 3 months!
Despite the news, I've been bullish on the Dollar Yen and it appears the weekly chart is confirming that. It's currently on a bullish movement, having surpassed the immediate resistance level and heading higher. For counter trend traders, I recommend waiting for further confirmation before engaging in shorting opportunities. The four hour chart is on the rise to...
Although in long-term view price is in bullish Daily and weekly move, but in short term price managed to form bearish market structure ( I mean 4H and 1H timeframe ) so its possible to look for selling opportunities but with extra cautious. As we can see in the chart we have valid 4H bearish channel, price recently broke below supportive area which hold price...
Yesterday EURUSD broke the previous low and reached 1,0631. The downside move keep going but we’ll be looking for exhaustion. There will be opportunities upon correction towards 1,0700 and pullback. The next support is 1,0609, where it is advisable to lower the risk of the sells and to look for reversal.
Yesterday, EURUSD continued its correction and headed towards the resistance zone. By the end of the week, data on US inflation and interest rates from the ECB are due. Before the important news, it is not advisable to take a high risk and it is better to wait. We have determined zones on all major assets and are monitoring development!