Longtrade
USDCHF Long Trade SetupThe downward structure can be a complete correction. If so, we should have a reversal impulse and now, it should be making a correction. That's why I placed an entry order. The next upward movement will break the trendline, and then we'll see how far it will go before a bigger correction.
USDCAD Long Trade SetupThe last low can be the end of the monthly regular flat and the next wave can be a huge upward impulse. After the orange C, it made an impulse, which broke the trendline, and a correction, which bounced back from 0.886 retracement level. So, we may have a complete reversal pattern, and it seems a trade setup is in the making. That's why I placed a pending order.
SHIB has changed its formationDue to Bitcoin collapsing, SHIB changed its formation.
I think after a little downward movement, it forms a new upward trend.
In fact, I don't expect it to form a powerful trend because wave 3 was extended and wave 4 had a sharp collapsing.
Bullish Up Wave 5 and Inverted H&SSeems we will be going up to wave 5 as per the shown targets. Also Fib levels show the same in confluence. Moreover, there is an inverted head and shoulders pattern potentially forming.
I am not a financial advisor and this is not financial advice. It is merely a potential or opinion. Invest at your own risk and do your own research.
Bullish Up Wave 5 and Inverted H&SSeems we will be going up to wave 5 as per the shown targets. Also Fib levels show the same in confluence. Moreover, there is an inverted head and shoulders pattern potentially forming.
I am not a financial advisor and this is not financial advice. It is merely a potential or opinion. Invest at your own risk and do your own research.
USDCAD Long Trade SetupSince the previous weekly low was broken, we may have a complete regular flat. In this case, it will go up and break the previous top at 1.47. Of course, the C wave might not be finished. In this case, we will have a correction and more downside. Now, I'm waiting for the A wave to take a long trade. Although my expectation is a bigger correction, I don't want to miss the next impulse if it goes up directly. If it makes the B wave, I'll hedge my trade.
Hindalco looks good on all the timeframesHindalco was on the top gainer's list yesterday, registering a gain of approx 3%.
The price action on all the time frames looks positive and it's likely and it could continue the move further on the upside in the coming trading sessions as well.
To continue the upside, the stock should sustain above 380 levels and the immediate resistance it has is around 400-410 levels.
M8G Media and Games Invest PLC - LONG Be prepared to buy the pullback for a potential
gain of 40% with the target set of the 1-1 Ext
at the top of the ascending channel .
This will be a long term investment
Know your invalidation and use a SL
This stock is trading on the OMX30 Stockholm stock exchange
Tezos XTZ 40% Move to new ATHs
Fib Ext Pull and Fib Speed Resistance Pull
Target .618 and expecting some resistance at this area before a move to the the 1-1 Extension
for fresh ATH and potential continuation .
The move allows for a 40% return , do not FOMO I expect a pull back when we hit the .618.
or even before given BTC potential volatility.
Of course determine your own entry if you cant wait for that potential prospect.
****Please also note that any ALT setup regardless of how strong it is can be destroyed by
aggressive BTC moves *****
Another observation I want to make is that the areas I have highlighted are where pullbacks have
occurred literally around the same time each month . 21 Jan , 23 Feb , 25 March , and 23 April .
Im not suggesting that come the end of May we will see the same but its worth noting and
just a pattern that I noticed had played out throughout this year .
Also each major correction has pulled us into the .382 speed fan resistance or close too it .
Ensure that you have a trading plan with a clear invalidation and SL
Ok well Thanks for reading and any questions pls ask , Like and FOLLOW for more of my content and Analysis .
NZDCHF Long Trade SetupWe may have a complete correction and small reversal structure. Actually, we may place an entry order over the last top, but I don't want to do that because there is still a chance for one more downside. That's why I'm waiting for a small trade setup after the running flat. If I get it, I'll place a pending order and move SL to BE when it breaks the last top.