Intradaytrading
#NZDUSD SELL OPPORTUNITYIn 4H time frame we have clear bearish move, which followed by bullish corrective move. price retraced to 50% area of Fibonacci ratio in corrective manner, price failing to create HH which base on Dow theory is the first signal for trend weakness.
for trading this pair at 6th of October if price manage to come lower than 0.69490 and remain below the EMA 144 in 15 minute time frame could signal for short position first target is 0.69130 and 2nd target would be 0.68950.
will update this pair again for u guys.
BITCOIN INTRADAY (1-HOUR TF) Update BTCHello guys.
A small update - now we are trying to catch a small short, where we will look for a support level from the 34100 and 34420 marks to open a long position.
Yesterday's review brought us another +3 take profit to our wallet.
I will not describe much, everything is indicated on the graph.
Position statistics:
25 profits
3 stop loss
I can provide each position and confirmations.
Since there are those who want to check the statistics, write to me in personal messages.
We are looking at the level of 38850 - at the moment it is one of the key levels
May the profit come with us.
APPLE: THINK DIFFERENT ITS FOR LEARNING DIFFERENT KINDS OF PATTERNS AND THE PRICE ACTION INVOLVED.
Currently its in a RISING WEDGE format and consolidating below the wedge with good number of volumes.
W PATTERN is completed and now a upside or breakout from wedge pattern can be considered.
Queries in comment section.
IDFC LTD: 13 years long term channel pattern 🚀 100%RETURN IDFCBUY 45-55
Target 70,95,120
SL 40
POST YOUR QUERY IN COMMENT SECTION
USDCAD Possible INVERSE HEAD & SHOULDERSHere is a possible quick setup for you guys!
FX:USDCAD
Overall trend on larger timeframes is showing prices headed downwards to possibly create an inverse head & shoulder signifying a possible reversal to the upside if price finds strong enough USD support to break the neckline. I applied our Fibonacci Retracement tool on the following levels, from the HIGH of Mar 30th @1.2647 to the LOW of March 31st @1.2365.
(If you didn't know Fibonacci Retracement tool is used to find and visualize better entry and exit points in a trending market wave.)
Here is my suggestion,
Low risk Swing/Intraday Setups with possibility of massive gains if USD strength can continue to the upside. I will be monitoring DXY(DOLLAR INDEX) closely. As of right now the DOLLAR has been falling for 2 days but I expect it to find some solid support soon. This explains this pull back DOWN we are seeing on USD/CAD. Tomorrow's FOMC MEETING MINUTES (NEWS) & oil reports may cause some havoc for this pair since Canada also has a direct correlation to OIL. Make sure to trade with CAUTION. WE DO NOT chase the markets. Try your best to patiently allow the market to come to our entries. If our entries are not triggered that is OK, I will update analysis & give new entries. I REPEAT WE ARE WAITING FOR ENTRIES TO TRIGGER , WE ARE NOT YET IN A TRADE. We want the lowest RISK set up possible with the possibility of a high reward.
Risk anywhere from 1-3% ONLY of your total capital by placing small LONG orders on each of these below retracement levels:
23.6% = 1.2580 (LONG) 0.10% Risk
38.2% = 1.2539 (LONG) 0.15% Risk
50.0% = 1.2506 (LONG) 0.20% Risk
61.8% = 1.2472 (The Ideal trade) (LONG) 0.25% Risk (MY ENTRY #1)
78.6% = 1.2425 (PERFECT Sniper entry) (LONG) 0.30% RISK (MY ENTRY # 2)
Stop Loss: @ 1.2364 (1:3)(TP 3) Risk to Reward
(1:2)(TP 2) Risk to Reward
Take Profit #1 @ 1.2594 (Close 50-75% of total trade positions and allow the rest to run risk FREE)
Take Profit #2 @ 1.2683
Take Profit #3 @ 1.2785
Keep your TOTAL risk at a minimum of 1-3% per trade.
If these trades are triggered, I will be updating the analysis via comments so be on the look out. :)
If you like these quick informative post/tips please drop a LIKE & make sure to FOLLOW ME!!
SBIN Intraday Analysis and Prediction 08.03.2021Points to be Kept in mind :
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>> Take this trade only when Nifty is red in its pre-market session.
>> Take this trade only if open price of SBIN is equal to or below than previous day close price in pre-market session.
>> Maintain strict stoploss as per risk appetite.
>> Dont overtrade or have blind faith, ask yourself and trade.