Luna Bull-Trap Expanded flatWave A subdivides into a smaler ABC expanded flat,
B is a regular ABC
and C is developing right now with targets below wave A at 25 USD.
Otherwise luna is break 36K in direction to 43k. In my opinion that has a small probability, than return to 25, all of this are small term projections that are about to happen.
Short-term
Short US30 Trade IdeaExpecting us30 to target the price level near 35307. My thought process behind this trade idea is that there is liquidity residing below those levels, Also price has not retraced below the price level of 35219. Most likely you will have some buy stops residing below those levels, once those are taken out it should give us30 enough momentum to continue for higher highs. Good Luck traders.
A trend-line and resistance breakoutNSE:HAPPSTMNDS
HappiestMinds had been consolidating for a long time now.
Today it gave a breakout from my white bearish trend-line and from 1475 level, which acted as a long term resistance.
took support at pink bullish trend-line.
If it breaks that we have an immediate resistance (R1) at 1530, following which we can expect further up move to an all time high.
So the scrip looks good for a short-term Long position.
good luck.
EURUSD Short Trade SetupIt seems like a correction is in the making between the orange lines after the daily upward impulse from 1.063. Currently, the B wave should be in the making. So, my expectation is the C wave for a complete running flat. But, before that impulse, it looks like more downside is more likely. That's why I want to take a short trade to hedge it at 1.16200 where we have a nice Fib confluence. I think we have a complete expanding flat under the blue trendline. If I'see a valid reversal structure, I'll place a sell stop order. That being said, I'll take a long trade if I see a correction for more upside.
Big move coming soonI currently own this coin
There are two possible scenarios:
one it retraces back down to the .21-.24 range for a power buy
two it continues right from where it is to the .56 range which is my current short term sell option
I think this coin has alot of room to grow based on its project
if it breaks the line that I have as the current resistance its ON! now in trading that is very minimal
I have my position open and if i see the resistance too strong I will sell and wait for the dip!!!
Wait it out and see how the resistance holds and if it seems to be too strong wait for the BUY ZONE!!!!
BTCUSDT Pullback (Short Term)My previous idea about the pullback was aborted since the 4h candle did not close under the 0.236 Fibonacci channel line. The last push did not able to make a higher high to reach 47k.
Today's important level is the 0.618 fibonacci level as 45240. Closing 4h candle under that level might start the pullback to price levels 44300-43700-42800.
I am on stand by at this moment. Let BTC decide what to do from here.
GBPUSD Long Trade SetupEither the green 12345 or the expanding flat between the green lines should be the case. If it's 12345, we will have a correction and more downside. But my expectation is an upward impulse after the expanding flat, which should be over at the blue C. Then it came a strong upward impulse and a correction, which might be over. So, we may have a reversal impulse, and correction, which is in the making. Now, I'm waiting for a complete correction to place a pending order over the last top with SL under the correction.
USDJPY Short Trade SetupWe may have a complete running flat. The C wave seems to have 5 sub-waves, and the last top might be the end of the 5. That being said, it's still over the trendline. So, there is chance for more upside after a small correction. That's why I set my entry price under the trendline. My target is 108.200 for a complete daily correction.
IRCTC as ON 09.08.2021MAKING A SHORT CALL FOR PROFIT !!
MACD CROSSOVER!!
RSI ABOVE 60!!
MORNING STAR FORMED !!
Can make 2-3% high!!
STOP LOSS=2484/2468
(Making a rising wedge pattern so dont hold for long time can make a big fall!!)
(The above Analysis is only for study purpose do not take it as any buy or sell call)
AUDUSD Long Trade SetupIt seems like the 4th wave is in the making. The last low can be the end of the B. If so, the B wave is an expanding flat. Since it's an expanding flat, we may see more downside, but I like the bounce-back as a reversal impulse. I'm waiting for a correction to place a pending order. At the end of the 4th wave, I may hedge my trade, or book my profit.
Benefits of short term investment📊 Benefits of Short Term Investment 📊
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🔴 Short-term investing offers flexibility to the investor as they do not need to wait for the security to mature in order to get cash. On the other hand, long-term investments can be liquidated by selling in the secondary market, but the investor earns lower profits.
🔴 Investors can make substantial profits in a very short amount of time.
🔴 It is less risky as money invested per transaction is substantially lower.
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EUR/USD daily analysis the Bulls trying to gain control Hello everyone , as we all know the market action discounts everything :)
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The EUR/USD regains composure and retakes the upper hand near 1.1890. In the last few days the price has bounced back up from the range of 1.17540 to the range of 1.19038, Could this be the push back up the bring the price to the range of 1.2080 ?
Well we see that bulls are trying to gain control but for them to gain control a few things must happen first
scenario 1
The price currently is at 1.18522 it needs to reach the first resistance line at 1.19330 and a power test will happen between the bears and the bulls and whoever win will affect the price, if the bulls were to wins then we could be seeing the price pushing even more and hitting the second resistance line at 1.19950 but if the bears were able to keep control then the price will most likely drop down and it will be heading to the support area around 1.17860.
scenario 2
If the bears take control before any major movement happening then the price will drop to the support line at 1.17860, and that gonna be the Bulls second chance to gain control where a battle will happen between the bears and bulls and the outcome will determine the outcome for the price for the period of time, If the bulls gained control then a certain bounce up will happen pushing the price to the range of 1.19330 but if the bulls fail to gain control then a further drop in price will happen and the market price will most likely hit the 1.17010.
Now let's look at indicators and see what they are telling us :
1) The market price above the 5 10 20 MA and EMA (short term Bullish sign) and still below the 50 100 200 MA and EMA .
2) The MACD is still Bearish but a positive crossover happening between the MADC line and the signal line with increase in strengths in the histogram (short term Bullish sign)
3) The ADX at 30.75 showing that the market is trending with a positive crossover between DI+ (18.73) and DI- (15.11)
4) The STOCH reached overbought zone (possible bounce down)
Support & Resistance points :
support Resistance
1) 1.1786 1) 1.1933
2) 1.1701 2) 1.1995
3) 1.1639 3) 1.2080
Fundamental point of view :
This week a few fundamental news will effect The Market price on the euro side like the German Retail Sales, final Manufacturing PMIs (Monday) – Final Services PMIs, EMU Retail Sales (Wednesday). so we will need to wait for them and see how they will effect the market price .
The EUR/USD finally managed to surpass the key barrier at 1.19 the figure last Friday, although bulls remained unable to sustain the move. The healthy recovery in spot clearly followed the increasing weakness surrounding the dollar, which was in turn propped up by the steady stance at the Fed’s event in past days. In the meantime, dollar dynamics in response to the US economic recovery, the Fed’s dovish stance and prospects of high inflation are still expected to dictate the price action in the pair for the time being. On the euro side of the equation, the re-affirmed dovish stance from the ECB (as per its latest meeting) is expected to keep the upside limited in spot despite auspicious results from key fundamentals and the persistent high morale in the region. According to FXstreet
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
EURUSD Short Trade SetupMy expectation is a downward impulse after the correction. The last top can be the end of the running flat, and if so, a reversal structure should be in the making. I'm waiting for a correction after the reversal impulse. We could have placed a pending order under the last low, but I don't want to do that because it can go up more after a correction. That's why I'll wait for a small trade setup and place my entry order.
AUDCAD Long Trade SetupMy main forecast is a correction and more downside. That's why I want to take a short trade, but it can be a good idea to take a long for hedging. Now, I'm waiting for a small bounce-back to have a bottom to set my SL. When I have it, I'll place a pending order over the last top. 0.93150 is the Fib confluence level, where I'll hedge my trade.