Price action and chart pattern trading setup > A possible uptrend scenario with ABCDE symmetrical triangle major wave 4 ending E - wave position, just above SMMA200/100/50 week making its way up to the triangle resistance wave D. > Target: Wave projection target breakout triangle resistance from position E-wave as TP1 +30% upside > Stoploss: E-Wave position -8% -...
Nifty will be gap up opening in today's session. After opening nifty sustain above 21650 level and then possible upside rally up to 21770 level in today's session. in case nifty trades below 21600 level then the downside target can go up to the 21480 level.
Economic and Political Context: Market Sentiment: The GBP/USD exhibits a positive trend above 1.2700 during Wednesday's European session, bolstered by an improvement in market sentiment and renewed weakness in the US Dollar. Influence of Bank of England (BoE) Policy: BoE Governor Andrew Bailey is expected to defend the decision to tighten policy to combat...
Hello friends, Today I'm going to talk to you about an interesting and useful pattern in trading. This pattern is called QM or Quasimodo and it is one of the famous patterns in trading. This pattern consists of a high peak (Overbalance High), then a return to a lower point and finally a movement upwards that leads to a resistance point or supply zone. Note that...
Took successful UJ buys after price broke resistance, waited for a pullback and entered anticipating price to move up with NY volume. Looked to target a 4hr wickfill and stops were placed below support.
Current Trading Range: The EUR/USD pair has been traded within a narrow range, roughly between 1.0930 and 1.0925. This suggests a consolidation phase following recent movements. Impact of Upcoming CPI Data: The market is anticipating the forthcoming U.S. Consumer Price Index (CPI) data. Scheduled for release on Thursday, these figures might significantly influence...
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Today's focus: ETHUSD Pattern – Consolidation / ascending triangle pattern. Support – 2166 Resistance – 2371 Hi, and thanks for checking out today's update. Today, we are looking at ETHUSD on the daily chart. What's next for Ethereum? Will we see a new leg higher break resistance? A lot will come down to the SEC and its pending approval of the BTC ETF, but it...
Nifty will be gap down opening in today's session. After opening nifty start trading below 21530 level and then possible downside rally up to 21410 in today's session. in case nifty trades above 21560 level then the upside target can go up to the 21680 level.
The Nasdaq shows a significant rise in today's trading session. At the time of writing, the index has gained 460 points from the January 5th low. I've drawn two Fibonacci retracements to identify two potential areas: a bounce at the 0.62 Fibonacci level, illustrated in the chart, and a possible price reaction. Mainly, I expect a decline in the index tomorrow in...
Nifty future and banknifty future analysis and intraday plan in kannada. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
An update for my last copper theory based off trade pattern From 2016 till this day copper has formed a double bottom on such a large scale that makes it hard to miss. 2022 - 2023 looks to be the pullback phase back to the neckline, at liquidity (S/D). 2024 will be the year of the rally (expansion) seeing price action head towards $4.6, and then causing a...
Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key support area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Hello TradingView Family / Fellow Traders, 📈 AUDUSD has been overall bullish , trading inside the rising channel in blue and it is currently approaching the lower blue trendline. Moreover, the zone 0.665 is a robust support zone. 🎯 Therefore, the highlighted blue circle represents a significant area to consider for potential buy setups , as it marks the...
The stock has compressed and poised to move out of the compression zone. One may consider to enter at around 2600, target 2720 and further trail.
Hi Traders! GBPUSD looks to have formed a range zone as it has tested the NFP high at 1.27712 and has failed to break above the high. Here are the details: After the NFP release, there was a strong bull rally to the 1.27712 level, but it was quickly rejected, as you can see with the large upside price wick. The market recently tested this level, and the...
Technical Analysis: Gold price might struggle to capitalize on the modest intraday positive move From a technical perspective, any subsequent move up is likely to confront some resistance near the $2,040 horizontal zone, above which the Gold price could aim to retest Friday's swing high, around the $2,063-2,064 region. The next relevant hurdle is pegged near the...
Analyzing the USD/JPY pair, I observe that it is consolidating losses below the 144.00 level. The Japanese Yen (JPY) has gained traction following softer-than-expected Tokyo inflation data, strengthening expectations of a more hawkish approach by the Bank of Japan (BoJ) and widening the monetary policy divergence between the BoJ and the U.S. Federal Reserve (Fed)....