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Bank nifty... what can happen next!!!Out look for banks degraded loan moratorium hearing still pending!!! Plenty of bad news and much much of frustration for bank nifty bulls. This month is testing some nerves now! What can happen now, 21600-21500 is the strongest support we can have in September month if broken and shattered we can see 20900-21100 coming up ahead... with news playing its part bank nifty can pull down the nifty as well. So you can buy around 21750-21800 with sl of 21600 and target of 22000-22100-22200 and you can sell on rise as well with sl of 22250 for bull to be back in action 22550-22650 should be crossed effectively. Comparing the option chain data we can expect a bounce back now not a trend reversal as such.
NSE:BANKNIFTYEducation
by CZARmihir
Strong BTC support line + Bullish RSI divergence =BULLISH RUNHI TRADERS! This BTC support Area is strong so far and when RSI help it, gonna be good sign. A strong support {9800-10000) kept btc above support area and couple times Bitcoin touched it,as price action aspect we can say many buy orders triggered in this area which push btc up 200-300$ anytime therefore it is important support because of technical and Psychology matter for traders .(above 10k psychologically matters a lot in bitcoin market as many of you know} At bottoms you can see RSI bullish divergence occur in 4H and Daily time frame , similar happen for MACD as well which confirms Rsi bullish divergence and give BTC a higher chance for Bull run. (MACD & RSI bullish divergence) If BTC stay above 9800 in next couple hours it will be another good News for Bulls. Please share your idea and leave a LIKE . I'd really appreciate it. Good Luck and Good Profit.
Long
by miladniki
13
FLDM: Am I just seeing rounding bottoms everywhere?FLDM hourly chart. Just wanted to publish my chart before it gets cleared, lol. I think I see a rounding bottom on this sucker. Also potential gap above. Blue lines are what I think are res points. I have short term and long term fibs showing, hopefully charted properly. The candlesticks are Heikin Ashi. The candle filler-colors are representative of RSI. Vertical Lines: Yellow (pre-market start) Green (market open) Orange (power hour/market close/after hours start) Red (after hours end) RSI Colors from High to Low: Bright Green Green Dark Green Light Blue Dark Blue Yellow Orange Red Dark Red
FLong
by GR3ND3L
1
eLEARN ON 4 TYPES OF INDICATORSI was supposed to give some few tips on how to check some market movements through some of indicators which I Also use. Bullish or Bearish indicators are classified depending on what they indicate; They either indicate;Volatility , Momentum, Volume and Trend. I will give an example on each type. Volatility Indictors show price action change in a given time,Tells nothing about direction but how the fast the price will change for you to make profit. Example is Bollinger bands. Momentum indicators show how strong the trend is, with them you can detect when a pullback is going to occur or a reversal. Example is RSI indicator. Volume indicators show how volume is changing with time like the OBV. Trend indicators tell you which direction the market will be moving to like MACD. Mostly are oscillators. I will cover an example on each in 4 episodes. In Trading all indicators have their limitations and one can not depend only on 1 indicator , I will also show you on you can use several indicators combined. EPISODE 1 Bollinger bands - Volatility Indicator. They consist of a simple moving average, and 2 lines plotted at 2 standard deviations on either side of the central moving average line. The outer lines make up the band. Simply, when the band is narrow the market is quiet. When the band is wide the market is loud. Trading when market is trending, Bands try to squeeze to each other and that indicates that Breakout is about to happen either and Uptrend or down trend. If the candles breakout below the bottom band, the move will generally continue in a downtrend. If the candles breakout above the top band, the move will generally continue in an uptrend. An example of Bollinger indicating a breakout. Point to NOte: If the candles breakout above the top band, the move will generally continue in an uptrend If the candles breakout below the bottom band, the move will generally continue in a downtrend. Bullish Bearish When Trading in a ranges when coin is maybe accumulating or distributing, Bollinger bands act as Resistance and support at that particular time. When you want to enter the market, You can always enter at the bottom of the lower band and sell at the top band to avoid a breakout which may happen which could be a down move or uptrend. If you enter for a long at the bottom of the range or short at the top of the range, The price naturally returns to the average as time passes. That’s what Bollinger bands are all about; keep following, next episode is well lined up.
Education
by RicoBullS
EURUSD-2hr's Educational - 7 Steps To have A professional Entry🗒 Just browsing through my analysis means a lot to me. ➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied Always enter into deals when there are more than 5 reasons combined Step Number 1 Turn level Trend . . Play Support And Resistance Rule In The Past ----------- Step Number 2 Draw & Find Major Trend 3 Reversal's ------------ Step Number 3 Find Channel Formation Near The Price ------------ Step Number 4 Search For Highest Volume Bar From Price Area and Draw Rectangle that area ------------ Step Number 5 We Can Use Volume Spark As Very Good Target's level or take it as Station's for Price and Good Entry's ------------ Step Number 6 Draw Turn level Support and Resistance ------------ Step Number 7 Volume Profile Point Of Control So Important .. High Success Chance to Take Action Here -------------- For Example Shorting Position --- Break Out Point - For Example ---- 1.17000 Trend Break Turn level Break Turn level Break High Volume Break
Editors' picks
Education
by GoldenEngine
26
BTCUSD Dump 500 + PipsCOINBASE:BTCUSD If you followed my last idea you'd have sold at price rejection w/ confirmation and also looked for pullback buy zone, leave a like and happy trading. You might ask why the Neutral outlook? Well because you can get paid both ways following the market trend, sell at price rejection with confirmation and buy on pull back buy zone. Don't be greedy and trail your Stop Loss/Close partial lots to guarantee profit. Trade responsibly and this idea is for educational purposes not financial advice.
BITSTAMP:BTCUSD
by Cangaceiro
1
XAUUSD Testing 1902 can we break it?If you checked my previous ideas I have been following this closely and was breakthrough 1889-1890 resistance. Now 1902 is the next target inbound to 1918 zone. Make sure to switch between all time frames for more stronger zones, 1H-4H and Daily, Overall Gold is Bullish. If the Fundamentals allow it, there wont be any retracement unless the good news: Covid-19 cases decreasing or vaccine, Dollar gains strength. That will cause a bearish breakout and we can test strong support 1883 again or further down. There will be important fundamentals next week so monitor that closely for an opportunity to catch a decent retracement Opportunity Meanwhile 1890 has shown decent support the confluence zones with: Fib,support and resistance, candlesticks. Lets see where gold takes us this next week, 1920 is definitely soon. If there is a retracement or any more bad news as the Feds worldwide continue to Print Money this will continue to boost a bullish move. The headlines concerning China and USA are important to follow
OANDA:XAUUSDLong
by Cangaceiro
1
Gold hunted Bears and Bull along the way. Are we there yet? As I mentioned, a stop hunt and classic pullback scenario occurred. Now we retraced to 38% on the Fibonacci and key levels were tested all the way from 1981 to 1900s. As it stands gold will continue to test resistance at 1941-61, before any further action can be taken. Always wait for confirmation my friends, do not allow FOMO (Fear of Missing Out) to blow your account. Last correction we had was a long time ago, all indicators were overbought. Classic herd mentality was Buy!!!! this is why it is important to wait for conformation to avoid stop hunt. Be flexible with your market direction as it can change anytime (hedging for example, sell at price rejection with confirmation). Now lets stick with the plan and trade play by play using confirmation as we cross the zones I noted in the chart. A combination of Fundamentals/Market Sentiment/ Technical analysis is how I prefer to make my decisions. There were several fundamentals at play during the pullback, make sure to keep up with them. Leave a like and follow me as this is a big support and motivation to continue. Good Luck this week and stay Golden!
OANDA:XAUUSDLong
by Cangaceiro
Gold loves tragedy...are we going to see higher highs? OANDA:XAUUSD If you haven’t read my previous ideas, please do so it will help understand where we are with gold. As tensions rises between USA and China, gold is getting the necessary bullish boost. I'd appreciate a like and follow as it motivates me to continue to post. DXY is taking a dive as of now due to COVID-19 and current events as mentioned above. Fundamentals are driving this bullish move by the horns. Confluence zones are confirming Key level zones as mentioned above. We are a long way from support, so stop hunts are possible. I will wait for further confirmation before moving up , if you’re following me we have been in this journey since 1890s zone. Safe travels and plan accordingly with fundamentals/technical. My next TP is 1988, slight price rejection on 1981 so lets see where the next candle forms!
TVC:GOLDLong
by Cangaceiro
2
Potential Buy for USOIL (LOSS)Reason for Entry (R/R) : Daily-Bullish 4H-Bullish Confirmations: Break of 4H Resistance and Retest structure forming, 4H Fib rejection of 61.8%, 1H Structure being held @ 50% Fib Level, 15m HH and HL being formed. Buy Stop Set at 41.4 (Twin Trade 1:2, 1:3) Outcome : SL Hit. Looks like buy entry was too early. Setup should come sometime this week. UCAD making retracement at the moment so when that has completed, will reassess entry. Feelings going into trade :Very confident in setup getting multi-timeframe confirmation. UCad falling cause of US Dollar. Also Sunny who is more experienced trading Oil taking trade with me as well. Feelings after trade : Still not a bad trade in my eyes. Only risked 1%. Was up and had the thought occur that UCAD retracement could ruin trade but I was okay with letting it play out.
TVC:USOIL
by UnknownUnicorn3986846
1
icici bankhello!! today icici bank's result was awesome but as the market is not moving with results as hul also did a breakdown after 7% up result and all others too going opposite to the market so prediction will be a bit difficult as with the result it looks like the opening will be around 385+ or 395 and if breaks the trendline and goes up then 439 can be seen but since everyone's move is opp. to the result so it can also open or breakdown to 365. #my_view let's see what will happen.
NSE:ICICIBANKLong
by Dsingh2001