SWING CATCHED USD/JPYAfter making a down rally USD/JPY creates a bullish ascending tringle HL in a row and RSI showing a strength on bullish side and It's ready for the take a breakout after that It's make almost 2.5% swing rally.
Bullishpattern
Auro Pharma - Bullish Harami - Daily Time Frame#AuroPharma
PCR : 0.78
Daily Volume : ++ 2.8x
Daily Fut OI change : +2.3
ATM IV : 27.6 (+1.5)
IVP : 16
SWING IDEA - JKTYREWeekly MACD is about to make a crossover on NSE:JKTYRE . Once this crossover happens successfully, it could trigger a good move upward.
Company seems to be performing really well since last few years. We also have some good positive ratings as well from Analysts and good Earnings Report as well.
While the weekly charts looks good, the Monthly chart is not entirely convincing yet. Take this trade based on your Risk Appetite and Risk Management.
#GLENAMRK PHRMA WEEKLY BREAKOUT #Glenmark
Buy level as how in charge.
Short term idea:- hold for position
Educational Purpose
Head&shoulder pattern in BSEHead & shoulder pattern breakout will be possible in it keep eye on it .
Buy bse only above 2660 (closing)
Target 2761 2885 3112 3252
Sl 2490
XRP BULLISH BREAKNo bullish breakout has happened yet. Overall pattern is bullish. Main move is expected to happen after breaking out of this pattern.
Etherum eyes $7,300 After Wave 4 Rebound! Long-Term Analysis of ETH/USD
We are back with another in-depth look at the ETH/USD pair. It appears that Elliott Wave 4 has completed, and we may see one more wave to the upside before a larger correction occurs.
Wave 4 was particularly intense, with a sharp and rapid decline that brought the price down to the 200-week moving average (MA). This level also coincided with the lower support line of the current channel. Fortunately, we experienced a strong rebound from this area, and the market is now poised for a potential upward movement.
My target for this next leg is at the 1.618 Fibonacci extension level, which is around $7,300 per coi
The wolf pack are hunting for profits, one block at a time..🐺
Make sure to follow my new profile on X for more weekly updates! :@PuppyNakamoto
Happy trading!
COINBASE:ETHUSD BITSTAMP:ETHUSD BINANCE:ETHUSD BINANCE:ETHUSDT
SWING IDEA - TFCILTDThe stock has been forming a Parabolic formation ever since Swing High levels.
Also, there is a MACD crossover is play in the weekly timeframe.
If all goes well, this should start rallying in the coming weeks and going all the way up to its Swing High levels at least.
SWING IDEA - NDTVThe Stock seems to be following the Trendline and successfully forming Higher High and Higher Low Pattern.
Convergence Divergence is also in play currently.
MACD Crossover has also happened exactly at Trendline retouch indicating a move upward.
Election results has helped the stock to rally as well, since Modi government retains power for the 3rd time.
If everything goes well, stock should be ready for its next leg up and possibly start making new Higher Highs too.
[ZIGUSDT] - chance to double ur capitalbuy between : 0.105 - 0.095
targets: 0.111 - 0.120 - 0.141 - 0.210
stoploss: 0.0705
best regardes Ceciliones🎯
Limewire pushing for a new wave!A potential bull scenario for limewire would be something like this.
Limewire is back and jumping into the AI space. A good oldschool project many of us remember from back in the days. It's a new coin and has still a lot of room to grow..
Another eliot wave to the upside could be next after todays strong bullish engulfing candle signaling a trend reversal..
KUCOIN:LMWRUSDT BITSTAMP:LMWRUSD
Bullish Bat Breakout: EURNZD Trade IdeaHello traders, I hope you're all doing well. Below is my analysis of the EURNZD pair and a detailed plan on how I intend to capitalize on this trading opportunity.
1. Pattern : Bullish Bat on EURNZD.
2. Completion : The pattern reaches completion at point D, which is approximately at 1.81178 on the chart.
3. PRZ Zone : The potential reversal zone for considering long positions, in anticipation of a bullish reversal, spans about 100 pips, ranging from 1.8185 to 1.80758.
4. Target Levels : Post-reversal, the targeted levels are T1 at 1.83131, T2 at 1.84192, T3 at 1.84952, and the extended target T4 at 1.86495.
5. Entry : I am looking to confirm a breakout above the 1.81849 price region upward, with solid market support for going long before entering the trade.
6. Invalidation : Should there be a break and a close below 1.80758, this would invalidate the pattern and the associated trade idea.
This idea is potentially a 4RR trade idea if it goes as planned.
I will appreciate your thoughts on this idea.
Note: This is not a financial advice.
Cheers and happy trading!
#Coffee beginning of another rallyPrice recently managed to break above the bearish trendline that previously kept it lower during the recent bearish corrective move.
Now that the price has broken above this counter-trend trendline and formed a bullish impulsive move, we can wait for wave 4 to complete and try to benefit from the fifth wave.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
BITCOIN - looks like a perfect buying oppurtunityBITCOIN seems bottomed in weekly chart.
looks like the oppurtunity before the pervious bullrun after COVID crash
it rebound so will about 15% after hit the lower side of descending broading wedge pattern with maintaing the 0.786 fibo level, 50 ema
this analysis will updated regularly so follow us to get those updates.
best regards ceciliones🎯
TOTAL3 - Bulls taking a napTOTAL3 began forming a descending parallel channel (Bull Flag) on March 31 and has been trading within it.
We recently had the third touch at the top of the channel, but it failed to break, showing signs of exhaustion indicating a greater probability of decline in the short term.
I will continue to monitor, but I only believe in all-time highs for altcoins when this channel is broken, but I wouldn't be surprised if we visit 450-480B before that happens.
Bitcoin - Preparing for Massive PumpBitcoin has almost completed its consolidation, preparing for a major pump to the upside.
Although the Daily EMA is showing a Bearish trend (EMA Crossed 2 days ago), on the WEEKLY chart, the trend is still very much Bullish.
However as we can see, there is a Daily FVG waiting to be filled by price action. This Daily FVG is also where many Longs have their Stops in the Futures markets, which I suspect will be the catalyst for the first initial pump upwards from this current price range/area.
Price action is still in the premium zone, however I suspect by another 24 to 72 hours, price will arrive in the discount zone which will be the reversal point. (eg: below the 0.50 Fibonacci marker)
I have made a white box which shows the area I suspect will be the reversal point to the upside. Anywhere in this white box should be the reversal area. I do not expect the price action, at this point in time, to go below the $60,000 dollar mark. I am expecting price action to fly past the previous ATH.
SWING IDEA - TTKPRESTIGPrice Action made a retest @ 650 levels and MACD started making a Higher Low Pattern formation.
MACD has started forming a Higher Low Pattern indicating a good momentum upward from here.
Stock will have to keep maintaining closes above 650 levels as it has formed a good Support Zone as of now. Any closes below this level, could only take the stock to newer Lows.
Lets see if the Stock is all set to its next leg up.
Ethereum 2nd Test on our demand zoneEthereum decided not to continue with the trend but to conduct a second test before the rally. This pattern is very natural when the market breaks a channel and seeks equilibrium points in demand zones.
Our plan remains in place. Remember that markets need to make pauses or retests before taking action. Additionally, we must consider that markets, in general, have been bearish—we are in a bear market. However, the points of interest I have marked are based on historical prices and significant liquidity, so we can expect aggressive movements once the price reaches the indicated zones.
Thank you for your support, and don't fear these bear markets; on the contrary, we should average in and take advantage of the opportunities they offer us.
Regards
October 23, 2023We had seen this setup before the great surge of October 23, 2023, coinciding with data indicating that the Fed’s plan to curb inflation might be working. In September, we would then expect a rate cut.
Technically speaking, we have a Flag
TRADING THE DIVERGENCE ON USDCHF RIGHT NOWHighly potential of reversal on USDCHF right now as we can find a Falling Wedge Pattern and also strong divergence.
I believe this trade offers very good R:R, with 40-50 pips risk and potential gain 150-200 pips.
Let's go!!!
CHEERS!
Bullish On ACCACC looks bullish. Can be bought above 2104, with a stoploss at 1950. On the upper side, the first target at 2278, second target at 2474 and he third target at 2643
Gold Breakout Imminent? Uncover the Explosive Potential of GOLD!Current Trend
Bull Flag Formation: The chart indicates a bull flag pattern, a bullish continuation pattern that usually occurs after a strong uptrend (flagpole). The consolidation within the flag is typically a pause before the next upward move.
Trendlines: The yellow trendlines outlining the flag suggest that the price is currently testing the upper boundary of this consolidation range.
Fibonacci Retracement Levels
78.60%: This level is around 2431.637 (coincides with a 4HR LQZ), acting as a strong resistance zone.
61.80%: Around 2410.880, which the current price has just crossed, potentially indicating bullish momentum.
50.00%: Around 2393.940, served as a support level during the consolidation.
38.20%: Around 2372.760, another support level during the consolidation.
Liquidity Zones (LQZ)
4HR LQZ at 2431.637: A significant resistance zone that aligns with the 78.60% Fibonacci retracement level. This is a critical area to watch for potential price reaction.
4HR LQZ at 2349.449: A key support zone which held during the recent consolidation phase.
Price Action
Current Price: At 2410.880, the price is approaching the critical resistance at the 4HR LQZ (2431.637).
Breakout Potential: If the price can break and hold above the 2431.637 level, it may confirm the continuation of the bullish trend, targeting higher liquidity zones.
Support Levels: The price needs to stay above the 61.80% Fibonacci retracement level (2410.880) to maintain bullish momentum. A drop below could lead to further consolidation or a bearish reversal.
Daily Bull Flag
Upper Trendline: The price nearing the upper trendline of the daily bull flag indicates potential breakout if breached.
Lower Trendline: Support if the price pulls back.
Trading Strategy
Long Entry:
Upon a confirmed breakout above the 4HR LQZ at 2431.637, with a potential target of the next daily liquidity zone at 2475.281.
Use the 50.00% retracement level (2393.940) as a support for placing stop-loss to protect against downside risk.
Short Entry:
If the price fails to break above the 4HR LQZ and shows bearish reversal signs, a short trade could be considered with a target back to the lower 4HR LQZ at 2349.449.
Use the current price level (2410.880) as a resistance for stop-loss placement.
Risk Management:
Utilize appropriate position sizing and risk management to account for volatility and potential price fluctuations.
Summary
Bullish Outlook: If the price breaks above the 2431.637 level, indicating a continuation of the bull flag pattern, with targets at 2475.281 and beyond.
Bearish Outlook: If the price fails to break above 2431.637 and shows a reversal, potential downside targets include 2393.940 and 2349.449.
Monitoring the price action around these critical levels will be crucial in determining the next significant move for XAUUSD.
My Tape Reading for XAUUSD 4H CandleMy Tape reading Gold - 24h expiry on 4H Candles
Posted a pin bar(inverted hammer) formation.
We look to Sell at 2390 (stop at 2396.5)
Our profit targets will be 2363.5 and 2357.5
Price Watch @North: 2406.0 / 2433.0 / 2438.0/2465/0/2473.0
Price Watch @South: 2363.0 / 2357.0 / 2327.0/2327.0
Risk Disclaimer
The trade ideas beyond this page are for Education/informational purposes only and do not constitute investment advice or a solicitation to trade. Shunya.Trade does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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