Candlestick Analysis
Gold - Capturing Short-Term Retracements Continuous bullish price action will eventually lead to minor retracements where scalpers can profit from.
Many say the trend is your friend but i like to go against that so i am looking @ $2,619 low hanging fruit for a healthy retracement. $2,600 would also be considered healthy in my eyes as market structure will still be in tact.
Bitcoin Core - Will BTC Fall Like Nasdaq This Week?I am starting to use BTC price action to study whether Nasdaq and S&P will follow through as we have seen in the past BTC selling off days before Nasdaq does.
$65,000 is the next medium-term draw on liquidity but we have fell shy @ $64,745.88 during Mondays trading which leads me to believe a short-term retracement down to $61,500 - $62,200 is most probable this week.
EUR/USD - 1.10800 Inbound...My apologies for a delayed release.
Family commitments caused me to delay this analysis and my projection i was supposed to make on the weekend panned out yesterday BUT...
1.10800 is still in danger of being run through. 1.10832 - 1.10686 relative equal lows is the target for this week.
Study dollar in this instance.
Bullish Dollar = Lower Euro
GBP/USD - Polar Opposite to EUR/USDSince equilibrium was met on the 22nd April 2024, GBPUSD strength to the upside has been unmatched, especially when comparing it with EURUSD.
Although bullish at this moment in time, i am anticipating a short-term sell off into a discount array this week.
1.31578 - 1.32483 is the fair value i have in mind for this week
Dow Jones (YMZ2024) - Teetering Around All-Time HighsWhat will break first?
Dow, Nasdaq or S&P...?
So far, YM has been frontrunning the stock index markets by booking all-time highs first before ES (NQ still has a way to go before booking ATH's) and the question going into next weeks trading is, will the Dow be the first to turn around?
RBA can shine if people dine at Burger KingRestaurant Brands Asia Ltd. engages in the management of restaurants. It offers burgers, breakfast, cravers, beverages, and desserts.
Restaurant Brands Asia Ltd. CMP is 112.99. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, MFs increased their shareholding last quarter, Strong cash generating ability from core business - Improving Cash Flow from operation, Growth in Net Profit with increasing Profit Margin and Strong Momentum: Price above short, medium and long term moving averages. The Negative aspects of the company are negative Valuation (P.E. = -26), Stocks Underperforming their Industry Price Change in the Quarter, Book Value Per Share deteriorating for last 2 years and Inefficient use of shareholder funds.
Entry can be taken after closing above 114 Targets in the stock will be 117, 119 and 123. The long-term target in the stock will be 127 and 133. Stop loss in the stock should be maintained at Closing below 103 or 98 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Canara Bank can become a cool Investment. Canara Bank engages in the provision of commercial banking and financial services. It operates through the following segments: Treasury, Corporate or Wholesale Banking, Retail Banking, and Other Banking Business.
Canara Bank CMP is 109.30. The positive aspects of the company are cheap Valuation (P.E. = 6.3), Company with Zero Promoter Pledge, Mutual Funds Increased Shareholding over the Past Two Months, Dividend yield greater than sector dividend yield, Annual Profit Growth higher than Sector Profit Growth and Rising Net Cash Flow and Cash from Operating activity. The Negative aspects of the company are High Interest Payments Compared to Earnings, Stocks Underperforming their Industry Price Change in the Quarter and MFs decreased their shareholding last quarter.
Entry can be taken after closing above 109.75. Targets in the stock will be 113, 117 and 122. The long-term target in the stock will be 124 and 129. Stop loss in the stock should be maintained at Closing below 100.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Nifty starting to enter the over heated zone. Nifty starting to enter the overheated zone. May not be overbought as of now but certainly it is close to that. Right from here or after going a little higher, Nifty can take a plunge in search of the immediate support or bottom. For now, the resistances for Nifty are at Today's high of 25956. Post That Nifty can face resistances at 26071, 26204 and 26432. Supports for Nifty remain at 25853, 25611, 25343 and 25106 final support for Nifty will be at 24808.
USDJPY 4H Short Selling Trading planUSDJPY 4H Short Selling Trading plan
Volume +Supply and Demand+Pinbar Bearish=Short selling
Directly enter the short market near the current price of 143.469, with the stop loss level set at 144.400.
The first target is around 141.820, halving the warehouse and promoting protection.
The second target is around 140.200, with all short positions tied and profit taking to exit.
Lower the price to a new low and find opportunities to go long.
NQ! - Looks to be making corrections today. (smc)20,125, I'm thinking price might hit that around 10 am NY Time. And get rejected there becaus it's both a fair value gap and a Bearish Breaker.
First take profit spot is 19955, thats just below Fridays afternon spike down. That should be the end of the day, maybe. But looks like it's setting up for a deep cut.
Usually the 10 am hour it has only one direction, it dropped at the start of the hour but it's pushing it's way back up. I just can't ee a rejection until it hits 20125, But I could be off and it could short early.
I'm holding a buy until I think it hits that number or if I can clearly see that it's not cooperating, I'll jump ship nd just sell but I'll post updates.
Safe Trading!
SMC = Smart Money Concepts, no such thing asa trend line or a Bat, it's all about liquidity. I have a few tutorials in my ideas