CADJPY broke and closed above a solid horizontal supply zone on a daily. The broken structure turned into a demand zone. Probabilities are high that a bullish wave will initiate from that. Goal for buyers - 101.0 ❤️Please, support my work with like, thank you!❤️
Great base so far with a strong breakout. If confirmed, Boxes on the chart are the most relevant range areas where the price can move.
EIGHTCAP:US30 Of all the patterns I've traded, the trend line breakout, especially on the US30, has been very consistently profitable. When I see it being formed, my bias begins to shift in that direction. The US30 is currently forming a flag, with indecision and growing tension being expressed from market participants. What I'll be looking for, as a follow-up...
NSE: FDC is closing with a bullish breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the trendline support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed...
NZDCHF broke and closed below a key daily structure support last week. Probabilities will be high that the pair will keep falling. Next supports: 0.574 / 0.57 ❤️Please, support my work with like, thank you!❤️
EIGHTCAP:USDCHF Last Friday's daily bar closed as a shooting star, indicated bearish sentiment. On top of that, it also finished as a SFP (Swing Failure Pattern) from a previous swing high, another bearish confluence. I'm expecting a run down to the previous swing low which is where I'll be taking profit. Entry is at an imbalance and stop is set above the most...
TRADE TYPE: INSTANT ENTRY LONG TRADE DIRECTION: LONG TIMEFRAME: DAILY ENTRY PRICE: 1.34500 TO 1.35000 STOP LOSS: 1.28600 TAKE PROFIT: 1.420000 RISK TO REWARD: 1:1 ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low. Follow this thread for any future updates...
So, this week, EURJPY broke a key daily structure resistance and closed above that. We saw a positive bullish reaction from that on Friday. Probabilities will be high that the market will keep growing next week. Goals: 145.0 / 146.37 ❤️Please, support my work with like, thank you!❤️
NSE: KSB is closing with a bullish breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the trendline support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed...
US producer prices, manufacturing and housing data in focus No miracles will be expected for US housing data given the Fed’s hikes, but it will be interesting to see if the Philadelphia Fed Manufacturing Index contracts at a much faster pace, like the NY State Empire equivalent did yesterday. And with US retail sales hitting a near 2-year high and inflation...
EURJPY finally broke and closed above a major horizontal resistance cluster on a daily. The broken structure turned into a key support now. I will expect a bullish continuation to 145.0 / 146.3 levels. ❤️Please, support my work with like, thank you!❤️
NSE: POONAWALLA is closing with a bullish breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the trendline support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed...
Price is trading in an ascending channel(Reversal pattern). Considering a Risk entry type at the top of the structure at an area of value. Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
NSE: TVSMOTOR is closing with a bullish momentum candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the trendline support for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed...
Buy Action Construction Equipment (NSE:ACE) Buy Range- 355 - 360 Target- 378 - 382 StopLoss- below 340 Potential Return- 7-8% Approx trade duration 7 - 10 days
EURCAD was consolidating for 3 weeks in a wide horizontal trading range on a daily. Its support was finally broken this week. I believe that the pair may go lower now. Next support - 1.428 ❤️Please, support my work with like, thank you!❤️
TRADE TYPE: SELL LIMIT TRADE DIRECTION: SHORT TIMEFRAME: 4H ENTRY PRICE: 131.660 STOP LOSS: 133.100 TAKE PROFIT: 129.550 RISK TO REWARD: 1:1 ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high Follow this thread for any future updates regarding...
Chart patterns are very subjective. I see this as a symmetrical triangle, meaning it could break in either direction. But if I adjust my trend line, I also see it as a rising wedge, which is a bearish chart pattern. Either way, I will look for a break above 45 for calls with a target of 50.30, OR a break below with a target of 41. Either move will be an amazing swing!