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Bearish orderflow Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
BANKNIFTY NEXT WEEKL 1st AUGUST, ELLIOT WAVE & TREND ANALYSIS Price almost traded in between 37200....38000 for 4 days as we expected last week. if price immediately breaks 3800 level on monday price can move above 388000 level in next 5 days trading sessions. But friday we saw price rejection from upper levels , so i am expecting a small correction of price till 0.38 of fib level.
If we analyse according to Elliot wave theory , currently price is in third wave , if price breaks 37100 support , we can expect little correction till 36200 in next trading sessions.
Prime time for soybean meal?Similar to our previous idea , we think grains are primed for a move. With soybean meal futures jumping over 10% from last week, some technical set-ups have come into play.
Firstly, the September soybean meal contract shows a 7-month head-and-shoulder pattern which failed. A broken right shoulder suggests bullish strength.
Secondly, the December soybean meal contract is showing a bull flag that is breaking out, which is also a bullish signal.
Combined, we believe soybean meal futures are primed for an upward move with both technical set-ups proving bullish.
Entry at 435, stops at 420. Targets at 468 & 490.
Fantom FTM short Entry Range, Take Profit and Stop LossFTM/USDT short
Entry Range: $0.30 - 0.38
Take Profit 1: $0.27
Take Profit 2: $0.23
Take Profit 3: $0.19
Stop Loss: $0.43