AUROPHARMA Short term Positional Call (2-3 days)Aurobindo Pharma Limited Trading technical call for short term
Buy Above 663 Closed basis SL 648 Targets 675 678 683
For education purpose only
Falsebreak
USDCHF Buy IdeaH4 - We got one false break, we might look for one more false break. Price broke below alternative trend line. Double wave formed and the second leg reached the 161 fibo level and a reversal is happening now.
M30 - We may now look for a correction to happen (this could be higher than the most recent low or lower than the most recent low) both are fine.
After the correction once we get bullish evidences, we can look for buys.
Alternative Scenario:
Look for the price to provide some sort of correction and then one or two more waves down. After that once the price breaks above the middle point, we can start looking for buys.
Bayer Buy IdeaW1 - Double wave down, Price moving higher after reaching critical zone. Bullish divergence formed.
D1 - Special cycle completed, we may expect the price to reach 50% retrace.
H4 - False break on the bottom and also a false break on the top with convergence. Possible push to upside or at least in a corrective range.
As long as the low at 102.11 holds, we can look for buys until price reaches 38.2% and 50% of daily special cycle.
H1 - If we get a break above 104.84 and creates higher highs, we can then start looking for buys.
Bitcoin Cash Buy IdeaH4 - Price which was moving inside a triangular pattern has now broken out at the bottom of this pattern.
Currently the price is moving higher, if this turns out to be a false break then wait for the price to move higher and break above the top of this pattern and the most recent high.
Once that happens we can join the bulls.
PVR LTD Short term positional callCMP: 1460, Closing based SL 1385, Targets 1519, 1540, 1575
Technicals:
Trend line Breakout
Swing high breakout
trendline support
false breakout retracement
Above SMA volumes
Note: All levels are for Education purpose and pls contact financial advisor before investing
EURGBP Sell IdeaW1 - Price moving inside range and is currently at the middle of the range.
D1 - Price moving inside a channel and is currently near the top of the channel. We may now expect the price to move lower until it reaches the 0.83 zone or so.
H4 - False break with divergence. Price has broken the last low and is moving lower. If this turns out to be a valid breakout, we can start looking for sells.
EURAUD Double ScenarioD1 - False break followed by higher highs, continuing bearish divergence (no PNP divergence yet).
We might see new highs with the price reaching 160.70 magnet zone but before that we might see a double wave correction.
H4 - We have first leg and it looks like a corrections is happening now. once the double wave completes itself in the 100 or 161.8 fibo level, we can go long with the breakout of the most recent trend line.
H1- We have double wave up and once we get a breakout of the uptrend line, we can look for sells.
If you want to be conservative then follow double trend line breakout principle.
USDCHF short term Sell
USDCHF in multi resistance zone : PA + fibonacci.
Looks like it can go down to 0.9825 zone and from there may be create pivot low to buy 38% retrace zone back up with the bigger trend to 1.0 zone but we'll need to wait and see price action there...
Best of luck :-)
NZDCAD Buy IdeaD1- After double wave down, price is moving inside a pattern. We have got two false breaks and bullish divergence.
H4 - We may expect double wave to form with price reaching the bottom of the pattern and then we may expect a bullish reversal.
H1 - We may expect triple cycle down, which will also form a double cycle on the H4 chart. We have a perfect magnet zone that has formed. Once price reaches this magnet zone we may expect a bullish reversal to happen and we can look for buys.
UK100 Sell IdeaH4 - Price broke the uptrend line.
We have bearish divergence with false breaks.
Price has also formed a double wave up and the price is currently moving lower breaking the most recent uptrend line. We can start looking for sells.
XAGUSD : looking to buy false break of the lowLooking to enter a buy position in 1H time frame due to main trend up + PA support + fibonacci confluence + 17.0 round number zone.
The plan is to wait for a false break of the low and gain low risk high reward position.
first target = 17.4 zone
second target = 18.5 zone
Best of luck :-)
XAUUSD : looking to buy untill 1300 zoneWaiting gold to spike down the lows and reject them.
If it will reverse on the support I'll buy untill the 1300 zone.
Levels marked on the chart...
Best of luck :-)
GBPJPY Sell IdeaW1 - False break of this double wave with bearish divergence. Keep in mind we could still see 160.00 based on the previous bearish special cycle.
H4 - Trend line break, bearish convergence and false break. Until we get any confirmation for bullish momentum, we can start looking for sells.
H1 - Any push towards the top of the pattern shown in the screenshot with bearish divergence to be formed could be a good opportunity for the sells.
USDJPY - getting ready to sell or buyOn the chart i marked 2 circles - red and green , green will be the price zone to buy after a false break down and red will be the sell zone after a false break up.
Also red zone will be the 38% retrace zone of the last move down - i didn't marked it because i don't want the chart will be to messy.
Anyway, the really important idea here regardless to the buy / sell from top to bottom is the entry price opportunity for longer term buyers/sellers - eventually i think USDJPY can go to 110 zone or 112 zone ( without to much of retracement ).
Best of luck to the bulls and bears :-)
XAUUSD - waiting to short after another falsebreakGold is near a strong resistance zone .
I'll wait for antoher false break of the highes to short as marked on the chart.
Best of luck :-)
GBPJPY DAILYPrice is trying to break out of bearish flag pattern, but quickly came back into flag range. Watch for a daily close before looking to go short, as price is trying to trap sellers by the looks of it.. Once breakout of flag pattern, the first target would be at weekly support 147.500. If we break below this level the uptrend will be invalidated & price will most likely be heading to its daily uptrend line at around 144.100 support level.
Trade with care! :)
USDCAD - waiting to buy 1.2817 Might get a nice bounce if price will retrace to 1.2817.
So I'll wait lower time frame to make some fractals/structure falsebreak down there and then will buy with small stop.
If usdcad will continue its up trend we get a low risk high reward trade.
Best of luck :-)
EURUSD is going downLooks like a good place to sell EURUSD .
Might go down to 1.15 area if trend continue down .
Best of luck :-)
CRUDE OIL reversal to the downsideOil stopped on resistance zone as you can see on the chart .
Possible down move to support and fibonacci zone
NZDUSD Buy IdeaW1 - Price is close to the bottom of the weekly range.
D1 - Divergence is broken, price is now forming false convergence.
H4 - We have bullish divergence. Once the price reaches the zone shown in the screenshot, we can start looking for buys after we get confirmation of bullish reversal.
Note: If this zone is broken (false breaks are welcome), this setup will be invalidated.
AUDUSD - Looking for Intraday Longs in this ZoneI can't remember the last time I traded the Aussie. After holding previous structure highs at 81 cents I really haven't had an opportunity that interested me. Recently we've broken below those double top lows at 78 cents initially putting short opportunities on my watch list. long-term this is still the case, however the recent break above close above & the formation of the previous candles gives signs of a potential false breakout and perhap [s another move higher. (I really hope that's not as confusing as it sounds.) - Basically what I'm saying is, although I don't really have a long term bias on this pair, I'll be looking for intraday buying opportunities in the live room today.
Akil
"Kind of Strange That The NBA Season Is Starting So Soon...but I kind of Like it"
TripAdvisor Buy IdeaW1 - Bearish cycle is near its end. We have bullish divergence and false break.
D1 - Special cycle is near its end, bearish divergence has formed. Currently we have double waves to follow.
H4 - False break of trendline. No breakout of last high yet.
Measuring the first wave we could see a possibility of a push down also bullish divergence is forming. So we may expect the price to go deeper and then to push up.
This setup is valid until the last low at 35.46 holds, false breaks can be neglected.
Gold Buy IdeaH4 - Bullish divergence followed by bullish convergence.
We also got a false break and a breakout of the last high.
We can now look for a small correction and then join the buys.
