Setup is really good. on weekly time frame it formed cup pattern and gave break out of it now talking retest of that lvl with good pattern (falling trend line breakout). Technical are really good but fundamental are descent so that why I will say stock is bit risky so keep bit tight sl. Note: this is not any buy/sell recommendation.
AUDUSD surpassed its recent high of 0.6800 last Friday, reaching levels not seen in nearly five months. The initial rise in the Australian dollar was attributed to increased market risk appetite and a decline in the US dollar. Additionally, hawkish sentiment around the RBA supported the Australian dollar. AUDUSD continues its uptrend intraday. Upward movement...
hi traders, The current swing of the XAUUSD in daily time frame got delicious risk: reward ratio. If the 4H candle closes above 2041.29, the impulse wave of the swing starts. SL : 2009.96 Target : 2228.13 Risk : Reward => 1:6.07
Waiting for cryptocurrency market correction to buy NEAR at $2.6 - $2.4 range! This is Gold! :)
As long as the Bank of Japan tries to keep its interest rates as low as they are, the Japanese yen will be one of the least favorite currencies by traders to own. With the massive interest rate differential, you get paid to hang on to this pair, and I think that will end up being one of the major drivers of where we go next. In other words, it just makes more...
The trading opportunities widen next week as we see more corporates report earnings, but the event which Warren Venketas, from Daily FX, is watching is UK inflation. As he says, this will go some way to helping the markets assess the potential for another Bank of England rate increase at its 2 November meeting. The trade to watch is a short GBP/USD position,...
Since it began trendng more than a year ago from July 2022, NFLX has a tentancy to correct back to its rising trendline every 3 to 6 months or so. As at its close @ about 400 yesterday, it has already corrected 50% from it's recent AB swing. Whether it will find support here remains to be seen. Another 5% downside from here would bring it to 380, which is...
NSE:RADICO is taking support at upward sloping bullish trendline. We can enter Long position with the stop loss right below the trendline.
Bears can hold the bulls advance until they settle around 19,300-19,380 levels which is both a support and a crucial resistance for any further rally. The index is currently looking at 19,194 due to weakness in macro and technical levels
In the daily time frame, Shiba is still stuck in a triangle, this triangle will be ascending after the break, in fact Shiba can go up to 1700, based on the harmonic and Fibonacci patterns and the triangle pattern.There is only a possibility of a sharp increase up to the 720 area. If someone does not use the lever, I am sure he will make a profit.
Hello 🐋 based on the chart, the price is close to the descending channel resistance, resistance area and breakout of support to the downside completed 📖💡 for any other huge pump, we need more correction to the downside 💡📖 if the breakout of the first support area (25K) to the downside won't happen, we can see more gain from 25k 💡📖 but if breakout of the lower...
The price trading near the trendline support and price formed hammer on weekly chart and also price taking perfectly support also at the trendline and weekly RSI also at the 40 support which shows that price has momentum to go upside and price can move towards the upside levels. 👉🏻At trendline support✔️ 👉🏻Hammer at support on weekly chart✔️ 👉🏻 Weekly RSI @40...
#SwingTrade - #AsianPaints (1 HR)📈 👉#Asianpaints Buy 2750-2775 SL - 2700 (1 HR CLB) TGT - 2905/3000+ 📌Logic📈 👉Trendline Support 👉Falling Wedge Pattern Support 👉Falling Wedge Breakout + W Pattern Breakout
Here the market is selling but will still make some change according to the Elliott wave predicting that level of 5 will still complete by going up,So going for long trade is needed
Just wait the breaking out the red trend you can buy from current prices to 5% below Best wishes
MATIC is currently approaching a crucial Fibonacci level that aligns with a trendline created by higher lows. This price range has seen MOST of the recent trading activity, as shown on the chart. Therefore, there is a possibility for a bullish breakout in the near future, especially after the markets close on the weekend. The trading idea suggests buying Matic on...
Hello traders, AUDUSD is setting up for a downside move, i am waiting for price to enter in a yellow box mentioned area and looking price action there for a short position opportunity but if things doesn't go that i wanted and price break the previous lower high then i will be watching the red box resistance area for a next short opportunity. This is just...
Hello traders, USDJPY is setting up for a downside move watch USDJPY with your own according strategy and look for a short position opportunity. This is just analysis GOOD LUCK & GOOD TRADING