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SWING IDEA - PIDILITE INDUSTRIESPIDILITE INDUSTRIES looks good for a swing trade. This stock is a fundamentally strong and is now available at a discount as per technicals. The Reasons are listed below : Strong support at 2250-2300 levels. Formed a strong bullish engulfing candle on weekly timeframe. 0.382 Fibonacci support. Broke falling wedge pattern i.e a bullish sign. Holding onto 2450 levels from last 2 weeks. Target - 2735 // 2918 SL - 2300 on closing basis
NSE:PIDILITINDLong
by Visionary_Growth_Insights
AUDJPY IdeaHeres my outlook on AUDJPY. We have a clear, prominent, break of structure to the upside. Continuing with trend our daily bias in bullish. Now i know price has tagged the previous supply zone on the daily im not silly but when the setups are there the setups are there... I may get out slightly early because of this reason but i will be looking to buy NOW. We have a clear direction of trend. clearly broken structure and swept liquidity before the push which has left an inefficiency. What more do you need? Have a great day and I hope this helps!
Long
by grnntom
$BTC - Pullback to Discount Level, Then Bullish *Smart Money**SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward Liquidity and Balance. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas. Bitcoin is pulling up to possibly reach above the current small liquidity high resting near $50,850. I can see it pushing up a little harder to take out people thinking this is a "Resistance" level but then going to the median bearish order block of $51,3385 before getting pushed back down into the 1-hour fair value gap which is an imbalance that needs to be filled. Or it could simply touch the bottom of the 1 hour fari value gao from the "great fall" last week, and turn bearish and into the newly created 1 hour fair value gap, which is an imbalance it would most likely pursue and fill. At the bottom of this imbalance is the 61.8% (Discount level) of the fib if you place it at the recent current low to the current recent high. This area is also near the 4-hour Fair Value Gap bottom. So all of these confluences make sense as to where it would go before moving bullish. So I have the entry price as $49,160. Now the target is above the current high and it's the next tiny 1-hour order block at around $52,645.So to be safe I put my target at $52,640. See Chart I'm giving it until the end of the week to make this happen so we have a nice green weekly candle. If there are any Smart Money / ICT students out there that have any critiques or suggestions, please let me know what you think. Agina, this is not the retail way of thinking, if you tell me a Trend line and a triangle is going to somehow magically make the price do something, I would point you toward what the chart usually does and that is attack liquidity and balance. And I believe this idea has both. Cheers and happy trading. P.S. I'm still holding my trade from "The great fall" from last week. I knew it would come up but I'm just hoping it comes up quicker because my time decay is killing me on my futures call. COINBASE:BTCUSD BINANCE:BTCUSDT BITSTAMP:BTCUSD KUCOIN:BTCUSDT PHEMEX:BTCUSDT BYBIT:BTCUSDT OKEX:BTCUSDT FTX:BTCUSD
COINBASE:BTCUSDLong
by BodiesXWix
2
CZR early black Friday sellCZR is cheap at the current price. The market sucks again but I'm going to take this easy trade, it's a no brainer. CZR retraced to the .618 on the fib and proved it was a valid support level by closing right at it with a lower wick on Friday's candle. Buyers stepped in and I expect more of the same tomorrow. All other technicals look awful on the daily but that doesn't matter. Indicators lag but price action doesn't. If you zoom out to the weekly time frame CZR also has support from the blue EMA cloud which gives confluence to the .618. Looking to grab some 11/26 ATM calls & some 12/03 $100 calls.
NASDAQ:CZRLong
by chaseflores10
Bitcoins Elliot Wave Formation..Good day & Welcome to another edition of FrancoBlanco's Dreams today my nightmares are confirmed Bitcoin is forming an Elliot Wave pattern according to my charts give me the benefit of the drought please don't judge me as a trader judge the sentiment of the market. And above all keep a close eye on the TOTAL & TOTAL2 Market caps. I'm a long Term Bitcoin Bull by the way. Happy Hunting Fellow Traders. PS This is by no means investment advice. Please do your own research.
BITSTAMP:BTCUSD
by FrancoBlanco
9
FIb on the Wick - Pt 3I wish I could post a screenshot of my running trade here. Once again I'm showing this concept here, it's been a while now I've been catching trades on gold drawing my zones and watching those big wicks, entry on 50% of the wick. I can only say that once you backtest something and take trades practicing that same thing, you get more confident with the time. Gold is amazing for tracing areas of demand and supply, premium and discounted prices and it always leave big wicks, then you take the opportunity to seize a good trade
OANDA:XAUUSD
by LegionWolf
2