Action
I would enter these kind of trades any dayHere is my chart on the long term using price action on the daily chart as my cue.
These trades are long dated, but the risk to reward is quite massive.
From what I see, it likes to target liquidity and raid those stop losses. Currently, I am looking at a short entry with a limited stop loss to target lower recent lows. There are quite a bit of trades you can get with different targets.
It took a little refining of my old charts and more focused on a longer time perspective rather than trading the bounces in between.
Adaniports Simple Price Action AnalysisNSE:ADANIPORTS Bad News vs. a Trap Level.
This stock is continuously making HH and HL in the chart and currently hovering inside a Trap Zone.
The expectation is it will go up to 892.85/-, which will make this Trade a Reward to Risk of 2.5:1 and approx 10.56% Return on Investment from the Current Market price (807.55).
Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital or even provision of additional margin in futures trading. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit, and employees are for information purposes only and under no circumstances should be used for actual trading.
Bank Nifty Simple Analysis NSE:BANKNIFTY The price is creating a Cup-like shape in the daily chart. To complete the pattern, it must go up to 46369.50.
But there is a resistance which is holding onto and all the Trap Zones are tested. So, though the bias is Bullish but we should wait for the 45564.40 resistance to break to think of entering a long trade in Bank Nifty.
Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital or even provision of additional margin in futures trading. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit, and employees are for information purposes only and under no circumstances should be used for actual trading.
AUDCAD: Risk less than your norms.Hello traders,
Aussie-Loonie is fantastic.
Aussie is correlated to China economy and China is major oil buyer which is highly correlated to CAD!
Goes against the trend just for one and last time. :-D
Levels calculated order_block, regarding support and resistances, channel and pivot points.
BTC THE WAY TO 30K IS HERE..Thank you for reading our update. Please remember that this is not advice for trading.
Bitcoin (BTC) has faced challenges since it dropped below $30,000. Since then, it has been following a relatively stable trend.
Since $24,200 BTC is working towards reaching the $30,000 mark again. We have observed that $24,600 is a strong level of support, but it's essential to consider the timeframe, which needs confirmation.
The confirmation of a new upward trend might occur between $27,000 and $27,500. Until that happens, it's advisable to monitor the trend and see if BTC can confirm this positive movement based on technical data. If it does, BTC may have the potential to climb back to $30,000.
Reliance Simple Price Action AnalysisNSE:RELIANCE is in an Uptrend as it is creating Higher Highs and Higher Lows in the candlestick chart. The Price is currently trending on a Demand Trap Zone and a bullish corrective ABC pattern is also visible in this chart.
Hence the expectation is price will go up to 2656.50/- i.e., 2:1 Reward to Risk and Approx. 10.01% Return on Investment.
EURUSD: 125 pips is waiting for us!Hello dear traders,
Our last EURUSD was profitable, almost the same opportunity here!
Enter after a confirmed breakout below 1.0480
Close 20% of profits around 1.0420
close all between 1.0370 and 1.0350
Levels calculated order_block, regarding support and resistances, channel and pivot points.
Example - Im StartingI have no comment to share on my analysis. Only; I have a few rules that I have been following for 9 years and I am being traded according to them. I will try to share all the transactions I opened during the day here. I am ready to teach anyone who is interested. I’ve touched more than 6500 people so far.
EURUSD Liquidity LevelsIn yesterday's New York session the EURUSD pair had a New York session high of 1.06736 and a session low of 1.06236, this was the range of the New York session. Going forward today I will have a look at the lows and highs of the Asian session to see where liquidity is sitting. Depending on whether you are long or short there will be a lot of buy and sell stops around these areas and banks will be using these levels as liquidity zones.