In the ever-evolving tapestry of stock markets, CoForge has emerged as a compelling prospect, hinting at the possibility of a promising rally. The technical landscape paints an intriguing picture, suggesting favorable conditions for a potential swing trade. Reasons are listed below : CoForge has undergone multiple tests within the 5800-5900 zone, breaking...
UTI AMC is currently displaying a symmetric triangle formation on its weekly chart. Recently, it formed a double bottom pattern on the weekly timeframe, which was followed by a breakout. The stock is currently encountering a minor resistance level. Interestingly, the resistance trend channel and the 50% Fibonacci retracement level align closely, making it a strong...
VINC was a penny stock and is now in the near penny category as this biotech stock has had a great run in the past 10 days. On the 30 minute chart, 225 shares are bought at low prices and 125 shares are sold for profit with 100 shares still running as the momentum slows. Overall, the trades where profitable averaging 12% daily in an average trade of 4.5...
Bitcoin futures managed to fid support above $60k before snapping a 4-day losing streak. Bullish momentum increased from GETTEX:64K , and the move lower since appears to be corrective in nature against the strong rally from $64k. A bullish outside / engulfing candle formed around the 50% retracement level and above Wednesday's daily TPO VAH time price...
GBP/USD makes for a really interesting short setup. It saw a strong rally and eventual false break / mini blow off top above the December high, before a sharp reversal lower on Monday. It fell back beneath the December high, and a rising wedge (bearish reversal during a down move) stalled at the 50% retracement level, just beneath the December high. - The wedge...
USD/JPY fell for five consecutive days by Monday's close, which was its worst 5-day run in three months. Yet two daily closed beneath the lower Keltner band and RSI (2) reaching oversold indicated that mean reversion higher was due. Hotter-than-expected US inflation data confirmed our suspicions, and a bullish day broke the 5-day bearish sequence and confirmed a...
In this video, I follow up on the trend line exercise I introduced in the last post. The exercise is designed so that you can learn about markets and price flow in your own experience. There is beauty and harmony in each chart that shows the footprints of the buyers and sellers. To most people, the price action on a chart looks chaotic. It's not chaotic, you need...
The technical intricacies of NAUKRI (INFOEDGE) indicate a promising buying opportunity. This is a very good buying opportunity for such a fundamentally strong stock. Reasons are stated below : The 5015 levels experienced repeated testing before the price successfully breached them. Presently, the market is undergoing a reevaluation, with the price in the...
I have added this pair in my portfolio as I spotted an entry based from my strategy. What lies ahead with this pair merely depends on what the market will give me. Ofcourse, I am hoping that the bias will be with me with this pair. Stay tune for the outcome.
I am now officially executing the new upgraded strategy I learned. I have the following positions: AUDCHF for the long position EURNZD for short position This is a SWING trading so I would expect this will hold for quite a bit.
Happy Wednesday Everyone! Hope you are all well and blessed! This is a swing trade for the rest of the year - Ideally, I would only like to be buying this pair. Analysis 12M - Bullish structure & candle stick forming 6M - Still bullish. 3M - March is the last 3rd Candle to complete this candle stick. I'd like to see this push up more so we can start...
Happy Wednesday Everyone! I trust everyone is bless. New potential swing trade for 2/4 - GU Higher Time Frame Analysis - Lower Time Frame Entry - Price broke previous daily resistance, now support.(Also weekly support) - Daily strong bullish trend line. - As we look to close the first 3M candle for the year, if the markets holds above the support...
Hey Pivster's Here, I have tried to demonstrate how you can use the money flow in the market to map the script alongside its basic price action which eventually leads us to some interesting zones in the journey which are being classified as the 'buyers' or 'sellers' zone depending upon the situation of the price and money flow statistics present at that very...
NZDJPY suddenly broke and closed above a key daily horizontal resistance. The broken structure turned into a support now. I will expect a bullish trend continuation on the pair. Goals: 92.5 / 93.0 ❤️Please, support my work with like, thank you!❤️
Happy weekends Everyone! FX:USDJPY it had created higher and then dropped to fill the order blocks, now price is at very critical area, if DXY remain bullish next week we can see a nice and clean 600 bullish move. For JPY, it is already bearish and will likely to remain bearish next week as the current economic conditions are not stable. Currently, what we...
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XAUUSD 50/3 Strategy - Today's Analysis and Forecast** Overview: In today's analysis, we'll be examining the XAUUSD (Gold) pair using the 50/3 strategy. This strategy involves utilizing the 50-day moving average and a 3-day indicator to identify potential trading opportunities in the gold market. Technical Analysis: The 50-day moving average serves as a key...
On AUDUSD we can see an overall bearish structure. Internally price has been moving in a series of impulse/ correction. Price is going in it's correction phase now. We may see a pull-back to the area of value before committing to the downside. I will be taking an entry at the top of the validated flag pattern. Please share your view of this pair in the...