After one shoulder, head, shoulder the NZDUSD has completed this end of the second shoulder over the resistance that of 0.7005-0.7020. After such a continuous fall and after not being able to overcome this resistance we can only expect a price increase of at least a few pips. However, it would have a fenced SL since always in operations of this type, some risk is...
EURONEXT:BN is showing signs that it has already bottomed out and on its way up. We have a relatively safe trade here. RSI divergence suggests a reversal of trend. It suggests that the low of 29 October 2020 at €46 is the lowest Danone will reach in the short- to mid-term (few months). An ascending triangle is showing upward momentum. This suggests a...
$GOEV seems to be holding pretty well above the $14 support level. With the craze for EV and Canoo providing eye-catching solutions in the EV world, this might soon start going up again. A possible swing trade will be around $14ish with a stop loss at around $13.70ish and a take profit at around $20 - $24. Once it reaches this level, look for strong catalyst and...
Sell Limit @ 1.2225 SL @ 1.2260 TP @ 1.2020 R:R = 1:5.86
Here is a well defined risk to reward ratio, Walmart has been doing great with holding the trendline and the upside is healthy. with more covid-cases I can see their online sales getting another boost. So what do you think? is it a good set up for entry ?
VUZI is currently in a consolidation and is looking pretty positive. With all the news surrounding the company and its smart glasses being used by more and more companies, it's highly likely to start going up. A safe long position here (according to me, and I can be wrong 😅) would be to $4.50 - $4.75 with a stop loss at around $4
Please share your thoughts!!!
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Low risk long entry on UNI vs USD breakout, resistance becomes support, trend reversal
Reliance RSI has approached nearly the COVID bottom. It had bounced up over 1200pts when it reached these levels the last time. If buyers step in, we may see a new base being formed. The stock has been a favourite for investors so far as it's given short-term returns that midcaps & small-caps can only dream of. In fact, it was one of the fastest recoveries from...
After an ABCD correction from the recent low, Im now looking for more downside to the 23.00 area to complete the bigger ABCD Pattern from the Oct 12th high. Only risking 25 points is a great R/R.
Decent Suuport level for a bounce!
Hello Fellow Trader! CHF/JPY has made 114.000 a potent level for change in price behavior. It also collides with the 33 RSI band which since August has been the true oversold support level. The base of a wedge provides us defined entry focus and stop levels we can hawk and enter at a a superior reward to risk ratio. IF: CHF/JPY fails 114.000, the next support...
NSE:HDFCAMC experienced quite a lot of hesitation at higher levels after bouncing up from ~2430. After retracing from higher levels, we can see it attempting a recovery once again. If the support is held, it could be a good swing long as long as the incoming resistances can be breached. As of now, it is just under the 13DMA (not added in the chart). So a...
We currently have a formed head and shoulder. looking to sell now.