Get started

Support and Resistance

Nifty Analysis: How much more pain left? Where is the bottom?Nifty Analysis: 1) Today's low 23816 is very important level to watch. 2) Next support at 23502 (Father Line or 200 days EMA). 3) Final Major support near 23201(Trend line meeting point and 50 weeks EMA (Major Mother Line). 4) Closing below 23201 has potential to break the hell loose. 5) Resistance on the upside at 24145, 24320, 24506 and 24781 (50 days EMA-Mother Line). 6) Bulls can take control only after we get a closing above 24781. To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
ALTCOINS | OLD Timers with BIG GAINS | BCH, DASH, LTCSome alts are around just because they have been around since the early days - call them titans, if you may. The beauty about these coins is that even though they have long been left behind by newer and more innovative projects; they are still being traded by whales . And where there are whales, there are sharks 🦈 1) Bitcoin Cash / BINANCE:BCHUSD.P 2) Dash / BINANCE:DASHUSDT 3) Litecoin / BINANCE:LTCUSD.P These alts can do anything from 10% to 50% in a three month period - and you can be fairly certain it will still be there in three months (bonus)! _____________________
BINANCE:LTCUSD.PLong
by Crypto-Check-
3
USD/CAD teeters on bearish reversal brink ahead of US electionBearish reversal patterns generated by USD/CAD on the daily timeframe have enjoyed a decent track record recently, especially following a pronounced bullish trend. That makes today's early price action interesting, with the price reversing hard after closing at fresh 2024 highs on Friday. As the daily candle has yet to be competed, getting short pre-emptively screens as a low probability setup. But if we do see a bearish engulfing candle print, it will provide a decent short setup heading into US election day, especially if the price bounces a touch from current levels. To make the trade stack up from a risk-reward perspective, the price would need to break several nearby levels, including the uptrend from October 15 and horizontal support at 1.3869. If they were to fold, 1.3815 is one potential target with 1.3748 and 1.3700 the next after that. A stop-loss order above Friday's high would offer protection against reversal. Bolstering the case for potential downside, RSI (14) has broken the uptrend it was sitting in after sitting in overbought territory for more than a week, hinting bullish momentum may be starting to turn. While the signal is yet to be confirmed by MACD, that too is looking like it may soon rollover as it moves closer to the signal line. Good luck! DS
Short
by FOREXcom
AUDCHF SHORTAs outlined in the video i expect this pair to continue short as it has been the last few weeks, toward the end of last week it did pull back quite abit, along with all other AUD pairs so i was just watching it for another entry which it has given. I must say the position is pretty text book and i will have eyes on for the market open and the first few higher timeframe closes to see the sentiment likely continue. Monthly Weekly Daily 4hr & Entry All ideas ill be posting are strictly for journalling purposes, therefore always do your own due diligence but if you like the analysis and breakdown pls leave a thumbs up and comment ;)
Short
by MarlyForex1
BTC - NEW ATH Approaches and ALTSEASONThe first time I started talking about my outlook for BTC in 2024, was in MAY. This is the original post where I first propose the Elliot Wave theory, with a 30% multi-month correction: It's been a painful journey that required a lot of patience - but today, I am pleased to see that the idea has payed out by 95% so far. The play has always been a "multi-month" approach, and now it is the last push towards the new ATH which I believe to be anywhere from 82K upwards. _________________________ OKX:BTCUSDT
Long
by Crypto-Check-
1
USDJPY Is a Major Sell-Off Coming? Key Levels to Watch!USDJPY has been on a tear these past few weeks, charging toward some key higher timeframe resistance areas. Checking out the Monthly chart, I’m spotting what looks like a major trend reversal pattern. In July, USDJPY hit 162, and the resulting sell-off did two big things: it broke the long-term trendline and took out the last swing low from the previous leg up. (see chart below) Also, on the Monthly chart, you’ll notice that when price broke up through the 152 resistance to reach 162, there was a notable lack of momentum compared to earlier moves in this trend. We’re also seeing clear bearish divergence on the MACD—all signs of a major topping pattern and a likely trend reversal. Zooming into the weekly chart, and drawing fib retracement levels from the July drop, we’re right at the 0.618 level, aligning with the outside of the previous trendline. On the daily chart, we’ve reached what I consider a key SELL zone between 154-155. This level saw a 1500-pip drop in just days at the start of August. With three key confluences now in play and the Monthly chart showing a strong trend reversal pattern with MACD divergence, we could say “the stars are aligning” for this one. My approach? I’ll wait for the price to break above 154 and head toward 155, then turn on my TRFX indicator to look for 4-hour sell signals. Even if the market pushes higher, I’ll be on the lookout for more selling opportunities, especially if we move closer to 160. With all these factors lining up and the Bank of Japan’s interest rate decision this week, we could see a significant USDJPY sell-off. But I’ll WAIT for the SELL SIGNAL to confirm. If this major reversal takes shape, the price could drop quickly to this year’s low at 139.500, with possible profit-taking here and buyer re-entry, before pushing lower in the long term towards 127 or beyond. Note: This is a long-term, higher timeframe perspective and not a short-term trade. Let me know your thoughts below!
Short
by TheFxAce
4
USD/JPY rally facing fundamental test with US job openings data USD/JPY remains a play on the US interest rate outlook, sitting with an incredibly strong correlation with US two-year Treasury note futures of -0.98 over the past fortnight. When short-dated US debt futures have moved in a particular direction, USD/JPY has almost always done the opposite, mirroring US Treasury yields. With there's no obvious reversal pattern in US two-year note futures in the right-hand chart, providing reason to be cautious about getting to aggressive, with the first of the week’s major US economic releases on the way in the form of JOLTs job openings for September, the risk of profit-taking in USD/JPY appears elevated. After a surprise bounce in August, markets are looking for only a minor decline in openings of 50,000 to 7.99 million. Notably, this survey tends to bounce around and we haven’t seen back-to-back increases since late 2022. That hints at the potential for a downside surprise that could spark downside for US Treasury yields and USD/JPY which have run very hard in recent weeks. If the price holds below 153.19, you could initiate shorts with a tight stop above for protection targeting a return to the 200DMA. Good luck! DS
Short
by FOREXcom
4
EUR/AUD bounce delivers good news for bullsEUR/AUD closed above the 50-day moving average on Friday after a successful break of 1.6318. After opening Monday marginally higher, the price pushed lower to retest 1.6318 before bouncing strongly towards the European open, providing the framework for the bullish setup. It’s not appealing from a risk-reward perspective to buy around these levels with the 200-day moving average in close proximity, so my preference is to wait for a potential pullback towards the 50-day moving average, providing a better entry level while allowing for a stop to be placed below 1.6318 for protection. The 200-day moving average would be the initial trade target. If the price were to trade through that level, 1.6450 would be the next potential target. With MACD and RSI (14) providing bullish signals on momentum, the preference remains to buy dips and breaks rather than selling rallies. Good luck! DS
Long
by FOREXcom
Vertex Pharmaceuticals (VRTX) | Chart & Forecast SummaryRight Here You Can See Vertex Pharmaceuticals Incorporated (VRTX) Registered As (VRTX) On The New York Stock Exchange, Vertex Pharmaceuticals Incorporated Is An American Biopharmaceutical Company Based In Boston, Massachusetts. The Following Chart & Forecast Summary On Vertex Pharmaceuticals Incorporated (VRTX) Has been Subject On Key Indicators on A Trade Set Up in General Like A 1. A Push Set Up 2. A Range Set up 3. And A Break & Retest Set Up Overall Conclusion | Like The Trade Plan Execution & Risk Management on Demand It Tells Us "Long Bias For Now"
CAPITALCOM:VRTXLong
by UnknownUnicorn87383881