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H-pattern

Are you ready for the CPI?Are you ready for the CPI? Forecast 7.3% - If it comes lower, it's good result you may get SPX climb higher. However think about how low it comes in or does it come in line or do we get opposite and comes out higher or in-line. Don't forget we have CPI today but we have FOMC tomorrow. I am going to be trading the two events separate taking my CPI trades off with a clean look for FOMC tomorrow as Powell could be Hawkish or Dovish - who knows? Don't forget to trade your own plan to become a consistent trader. Enjoy, Trade Journal
SP:SPX
by Trade_Journal
2
HDFC BANK, GREAT FLAG PATTERN!!a great formation has been formed by hdfc stocks. its a great bullish pattern, and as i have mentioned the waves, and the trend of waves, a long back in one of my idea(linked it below), the stock is following in the same way. it yet needs to go up by 10%, there is 3rd wave pending, and stock will go up soon. but the risk part is that bank nifty, has been very overbought position, and it yet needs to be falled about 7%, i will bring a detailed analysis, in further coming ideas. but yet, this risked, is hedged, by the fall of SBI & ICICI banking stocks. this 2 very stocks had kept bank nifty at its ATH. bank nifty will trade between the range of 43000-40000. its just that it needs to come to its major trend, since now it is in an overbought position. yet this range will be maintained by great weighted bank nifty stocks, like hdfc bank, icici, kotak and sbi. LAST POINT: have a look a volume bars too, for month, week and day time frames. so i am bullish on hdfc bank as of now for this month. (below i have just dropped some idea links related to banking sector for your own analysis).
NSE:HDFCBANKLong
by raghavchoudhary2016
DASHUSD - Descending Broadening Wedge On the Dash chart, a descending broadening wedge has appeared (1h-timeframe). A descending broadening wedge is a bullish reversal pattern. The trade can be entered once the price breaks out of the pattern to the upside. The target is the height of point B. At the moment the price is overbought when looking at the RSI. In our opinion, the price is going to drop a little bit. After that, it could be possible that the price is going to break out straight away or it might retest. This is the reason why there're two paths drawn on the chart. See all further details on the chart. Goodluck!
KRAKEN:DASHUSDLong
by vf_investment
5
$AUDUSD - Important data this week, be prepared. $AUDUSD - Get ready... Another week, another great opportunity for us traders to take advantage of. This week is a very important week: CPI, FOMC & PMIs. It was a difficult week, choppy action but that happens when we have important data this week. It's important to reserve your capital gains when market conditions are like this kangaroo or amber mode is way I describe it. Some are stating the CPI print will be more important than FOMC - I think it will be both very important as we go towards year end we still have plenty of trading opportunities and this week is a great week. We expect CPI to soften, 7.7% previous to 7.3% - If it comes in softer the rate hikes working, we expect 50 basis point for this meeting and the next and then we expect cuts - Now the market is forward looking we've seen risk play big part DXY declining cuts coming into play, easing less pressure dollar declines: we have Aussie, Gold and crypto escalate higher. What Powell will state will be very important in my humble opinion as we get to year end and positioning for portfolio management I have no set direction on yet to decide the movement for this week, we are within mid ranges of all assets - you could trade the data or wait and trade the after reaction. Regarding past data on Friday we had PPI: It came stronger than expected however we had minor dip in EUR we still went to rising back, now within the mid ranges. The dollar bears are still out there but will they get hurt this week? Only time will tell. Technically AUDUSD: We are within ranges a break to either direction, at this current moment of time we arent closing above 200ema if we are to close above bulls could gain further control up we go towards .70 areas easily - if not this rally fails and goes back towards .64 half areas All the best for this week, Trade Journal (FOLLOW YOUR OWN TRADE PLAN - NOT A SIGNAL PROVIDER)
by Trade_Journal
2
"ETH-USDT"FUTURES, SHORT POSITION"ETH-USDT" FUTURES First of all please draw a horizontal line at the price of 1264.12 According to the analysis done by me ( technical analysis and price action), 15:55 UTC time is very sensitive and important, Because this time zone (15:55) where the lines of several patterns meet each other and also their meeting with the support line (1264.12). And we must be ready to open a short (sell) position. Because by breaking the support line and seeing the confirmation candle, the possibility of a sharp drop is very high. Attention plz The main market trend is bearish After breaking the support line, first get a confirmation candle and pay attention to the volume , then open your position Don't forget capital management and set stop loss And finally, this is only an analysis and suggestion, and the main decision-making responsibility is with you. GOOD LUCK
Short
by Hr_odin
3