Intradaytrade
+2.5% Quick Intraday play on EURNZDHi traders,
THE STATEMENT
Here you have a quick scalp idea on FX:EURNZD , using H1 for directional bias and M10 for execution.
THE PLAY
On H1 time frame, there is a bearish RSI Divergence forming since 14th of January 2022. However despite the RSI Divergence, there is no other confluences indicating a reversal (no Break of Market Structure or Lower Lows and Lower Higs ), meaning: We sit on our hands!
On 18th January 2022, there is a clear Double Top forming (clear rejection between 10h00 and 11h00).
To consider going short, we need the price to create a Lower Low and Lower High . For our trade execution we are looking for an entry on the 10 minute time frame .
Price breaks our level and rejected it as well as EMA 21. Additionally candle closes as an Inverted Hammer .
THE RESULT
+2.5% for a quick intraday play that lasted 4 hours.
Britannia breakout, go longBritannia ha been trading in a parallel channel for some time now it has given a breakout, we can make positions for the upper marked targets.
Buy above - 3575 (wait for a pullback)
Targets mentioned in the chart above
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
EURJPY Intra-day SHORT!EURJPY has been trending up for a while but we can see previous week price broke the recent low which made a higher high which indicated bearish pressure now price has made a pull back to a key resistance level which is also a 1H order block where the bearish momentum shift happened. In today's trading session I will be looking for a short term selling opportunity around 131.36 level.
EURCHF Bearish Continuation, SHORT!The pair is overall in a downtrend . Price is now reaching a major key level which is also a 4H Supply zone & showing signs of depletion . In today's session I will be looking for a short-term selling opportunity around 0.040 level. Wait for the bears to take over then enter with confirmation!
EURGBP Potential Bullish Reversal, SHORT!The pair has been trending to the downside for a while price is now at 1H Demand area which is holding strong. In combination with GBP weakness I will be looking for a short-term buying opportunity around 0.834 level.
Wait for a 1H bullish close and then enter with confirmation !
Bharti Airtel correction over?Hello Traders, The last trade HCLTECH given yesterday hit the first target and we are booking it in this choppy market.
The next stock is also a one to go long on as it seems the correction in bhartiartl seems to be over and done for.
There's a demand zone near 650 levels which has been tested and stock took a good demand and reversed from here, we'll try to buy after the breaking of first resistance i.e 670.
Buy Above 670
Targets mentioned in the chart above
lease LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.