Positive behavior of candles with control point I expect today's candle to break the RANGE strongly
I see a short developing if you are not already short . On the weekly chart I see a short trade below 20,762 if we break support I’ll risk 1% to make 3% . On the flip side I’ll long if we break 24,257 resistance and risk 1% to make 3% . I’ll be monitoring this idea for the next week or so to see if it will play out .
NSE:NAUKRI INFO EDGE (Naukri) - has been into a tight consolidation zone for the past few weeks, with quarterly results being announced today It was consolidating in an ascending triangle pattern zone (bullish pattern) and made a breakout, Now a re-test at 3990-91 zones could be a good buying opportunity for a swing trade with targets of around 4500+ (Trailing...
A Bullish Shark Pattern has checkback and retest. It seems like a busy Monday for Japanese Yen traders.
Shark Pattern is the most tricky Harmonic Patterns, I will have to wait for candlestick close at 1pm(GMT +8) to decide if this is the trade for me.
CONFIRMATIONS - Market closed with double bottoms which is a sign of a possible uptrend. - Drew out my fib & it so far makes sense, its showing me the major areas where price has been rejected. I am waiting for price to hit my 38.2% fib, then I will enter for a sell. - I will be looking for double tops which typically signify price might drop. - Also will...
On the daily chart, the NZDUSD has hit its Key Resistance Level; it does have an opportunity for trend traders to jump onto the trade. On the 4-hourly chart, Point C of the potential Bullish Shark Pattern has a 3-bar reversal formation compared to Point A, and there's an RSI Divergence too. Point C candle didn't break and close above Point A; the above...
The Bullish Bat setup could allow counter-trend traders to engage in the trade. Before you get all excited on the Bat Pattern on the 1-hourly timeframe and potential sideway bounce setup on the 4-hourly timeframe(related ideas within tradingview post). The Bearish Crab Pattern that was completed at the HOP level is a valid setup and it had hit its first target...
A Bullish Bat Pattern has been completed; once the market opens, the aggressive trader can consider engaging the trade to long the market on the trend trading setup. Conservative traders could wait for the price to reach 135.82 before engaging in the trade.
As a structure-based trader, I will wait for the market retest at 1.2040 with an RSI Divergence and the candlestick pattern to touch 1.2050, but a close below 1.2040 would be a perfect opportunity for me to engage the trade. If the market breaks and closes above 1.2050, I will patiently wait for Bearish Shark set up to engage the trade.(link of that analysis is...
This Bearish Shark setup might concern traders who trade Bullish Flag Pattern. I will observe how the market reacts at 1.0264 for a shorting opportunity, the RSI Divergence does gave me additional confirmation to short the EURUSD.
a candle told me that the price will go down there was a candle with long wick and also a huge volum showed the end of range
NSE:RELAXO Relaxo Footwears has been into a tight consolidation zone since the past few weeks, with quarterly results Last Quater due to weak results the stock had shipped down 10%, however, it came back to it original price gradually, the current consolidation happening in the stock is forming an ascending triangle pattern (which is considered as a bullish...
Yesterday we saw temporary rise in the EUR due to the higher interest rates. Next week is FED's turn! It looks like the market will wait for that event as well to create a clear direction. Right now, we shouldn't be selling but we're actually expecting a continuation up. Once we see a breakout below 1,0150, then we can start considering short positions.
After that btc came out of S&D zone and break the supply , after a short term pump move, I think its time to dump for btc . price now test 23000 and going for the retest if retest it and confirm the bearish move first and next target for btc is 21500 another point (DXY move can be a affirmation for dump for btc , and for DXY in 1h its looks like it make three...
Today, we have ECB Interest Rate decision. We should see a higher interest rate. However, this won't reverse the trend and our main idea is to look for short positions! Best case scenario would be if price moves up to 1,0360 and it then leaves a rejection wick. This will be our entry signal and we will then expect a lower low! We're not looking for long...
A Bullish Bat setup is here for sideway, counter-trend, and harmonic pattern traders. Two things to note, the market has not retraced to 1.7366 to validate the setup and Point C touches Point A candle body, which always bothers me. Despite of that, what I like about this setup is its profit factor and the RSI Divergence.
AUD/NZD Fundamental, Technical, and Signal ( NZD fundamentals and events, click link ) *AUD events will be the drivers during trade. AUD Previous Important Economic Events: - Consumer Confidence and Confidence Change ( Both actuals below forecast and previous supporting consumers low enthusiasm to spend in the future. ) - Business Confidence ( Below...