Hello all ,
Today I am going to share one of my swing trade idea in Public. Adani Power is looking good and trading almost in a heavy demand zone.
First Buy : 199
Second Buy : 164
Stop loss : 145
Target : 244/300/360
Time span : 1-3 Month
Cypher Pattern already completed, but i'm waiting for a better confirmation as a price touching the the Major Support at 38,2 fib Support or waiting that break the Wedge to the upper side.
Bullish Cypher Pattern already completed
Falling Wedge pattern on formation
38,2 Fib Major Support
Confluence of Fib Inversion and Fib Extension
Two possible situations on AUD/NZD
Long Idea - Head and Shoulders pattern
Short Idea - If the first idea was successful you can short it at 61,8 fib (red zone) because we have a bearish Cypher as well.
I will look closely both of the situations.
With a break of 1.68 Support
Suggests that there still might be some more downside Momentum
Bearish Target 1.66
Completion of Bullish Cypher
Previous Post invalidated
However, with a Monthly Closure of an extremely Bullish candle
We can possibly anticipate a strong Bullish push Near the End of the Month
Bullish target remains 1.7225
Here we have the USDCAD Daily. Price is currently heading towards 'D' point for a huge potential bullish bat with a target of 1000 pips!
I will not be entering long until price hits 'D' point and I get additional confirmation of a reversal.
Do let me know of any questions or comments below.
Strictly Technical Shark Advanced Pattern
STOCH SIGNAL // Bearish start H1/H4 //Reversing in overbought conditions
GMACD // Trend/DN Medium M15/M30/H1
Shorting this pair at the top of range looking to play on DXY weakness in following sessions.