Gapped But Not ForgottenFINNIFTY after a series of up sharp down moves is headed towards the zone where an earlier gap was not met. From my recent experience, gap up and gap down are always filled back either in the short term or a while after. Here we see FINNIFTY heading back to the unfilled zone which lies between 21305 to 21285.
After a heavy downfall today, the index formed a symmetrical triangle pattern which could possibly head to clear the old dues. Also, just below the unfilled zone lies the recent touch zone of 21280 to 21270 having served as previous support & resistance in December 2023. Whether that happens tomorrow or not, it is yet to be seen.
Levelsandzones
NIFTY INTRADAY LEVELS FOR 03/10/2023BUY ABOVE - 19680
SL - 19640
TARGETS - 19730,19770,19850
SELL BELOW - 19600
SL - 19650
TARGETS - 19560,19490,19440
NO TRADE ZONE - 19600 to 19680
Previous Day High - 19730
Previous Day Low - 19560
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
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Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
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AUDUSD I Potential move upward of 80 + pipsWelcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
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GOLD (XAUUSD) - Weekly forecast and analysis 🎯Welcome back! Let me know your thoughts in the comments!
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EURCAD I Are the bears READY???Welcome back! Let me know your thoughts in the comments!
** ERUCAD Analysis - Listen to video!
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Bitcoin 2D Timeframe Bitcoin is having a pull back after a few bullish weeks.
Go to the higher timeframes to make it clear.
We should see a reaction around $24632 - $25108 once its at the AOI price will should you where the support level is then it will go up to recap the support level that will be an opportunity to get in a quick long setup.
Multi Year Breakout Multi year Breakout accomplished by sucessful retest of the stock ..
Pattern obeserved : Cup and handle
Pattern - Success rate High
Reliable pattern with spike in volumes
Cmp 319
TGT 395-480+
Sl - 295 for short term with 250 for long term
Note : Already invested so do your own research and analysis before investing .. you are responsible for your own profits or loss .. Analysis for education purpose only
AUDNZD I Potential intraday buy from demand zoneWelcome back! Let me know your thoughts in the comments!
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Can ACH keep going?Watching ACH and have been for weeks. Here's my primary observation right now.
We've had several areas that acted as support on the way down that broke.
Ever since January 14, we've been breaking those support levels which were acting like resistance and we keep flipping them. Until some important support levels get taken out, I'm going to remain bullish.
Disclaimer - I purchased ACH below 0.01 - it was closer to 0.008 and I locked in profit as you should as soon as it hit 100%. Now the trade is 230% but that shouldn't be a reason for you to fomo. Watch for good retests of levels (outlined in the chart) for a potential entry.
Crypto will get a pullback eventually. Don't go heavy into positions like this one now. That time has come and gone.
UPDATE: Week Commencing Feb 6 GBPJPY Outlook: Still long UPDATE: WC0206 GBPJPY Outlook: Still long until DTF LL is broken
MTF Analysis
Check annotations in the anchored notes for M-W-D-H4-H1 analysis.
I've updated GJ's outlook for this week from the last one published in January -- specifically the Weekly Anchored Note
Weekly Timeframe Outlook
Sun,1/22/23 -
Bearish downtrend
UPDATE:
Mon, 2/6/23
1. WC 30 Jan weekly candle ended up being a lower high. A 120 pip rejection wick from December's low.
2. There is a weekly and monthly imbalance that is coinciding with
- December's 50% level (almost)
- January's high
- Previous week's high
- This is supported by the 200 EMA (Daily TF) as it will be tapping it / be under it.
Weekly BIAS:
1. Price is bullish until it reaches/ taps #2's confluence areas.
2. Once it taps #2 conf areas, it will melt until it reaches January's low (which is also coinciding with the last Daily TF lower low) -- price will tap this daily and monthly conf area and then it will rocket and resume the bullish trend that it has been having.
ON THE FLIP SIDE.
1. The last low of the Daily TF. 155.39 X January low -- if price pierces that level and continues all the way down then it may just melt until the next monthly key level which is around 150.75
2. It may just continue the uptrend all the way at least to the M&W trendline
FUNDAMENTAL HIGH IMPACT NEWS FOR GJ FEB AND MARCH
Date Country & Event
2023, February 07, 08:01 (United Kingdom) BRC Retail Sales Monitor YoY
2023, February 10, 15:00 (United Kingdom) Goods Trade Balance Non-EU
2023, February 10, 15:00 (United Kingdom) Goods Trade Balance
2023, February 10, 15:00 (United Kingdom) GDP MoM
2023, February 14, 15:00 (United Kingdom) Employment Change
2023, February 14, 15:00 (United Kingdom) Claimant Count Change
2023, February 14, 15:00 (United Kingdom) Unemployment Rate
2023, February 15, 15:00 (United Kingdom) Inflation Rate YoY
2023, February 16, 07:50 (Japan) Balance of Trade
2023, February 17, 15:00 (United Kingdom) Retail Sales YoY
2023, February 17, 15:00 (United Kingdom) Retail Sales MoM
2023, February 17, 15:00 (United Kingdom) Retail Sales ex Fuel MoM
2023, February 17, 15:00 (United Kingdom) Retail Sales ex Fuel YoY
2023, February 21, 17:30 (United Kingdom) S&P Global/CIPS UK Services PMI
2023, February 21, 17:30 (United Kingdom) S&P Global/CIPS Manufacturing PMI
2023, February 24, 08:01 (United Kingdom) Gfk Consumer Confidence
2023, March 01, 17:30 (United Kingdom) S&P Global/CIPS Manufacturing PMI
2023, March 02, 13:00 (Japan) Consumer Confidence
2023, March 03, 17:30 (United Kingdom) S&P Global/CIPS UK Services PMI
2023, March 07, 08:01 (United Kingdom) BRC Retail Sales Monitor YoY
2023, March 10, 11:00 (Japan) BoJ Interest Rate Decision
2023, March 10, 15:00 (United Kingdom) Goods Trade Balance Non-EU
2023, March 10, 15:00 (United Kingdom) GDP MoM
2023, March 10, 15:00 (United Kingdom) Goods Trade Balance
2023, March 14, 15:00 (United Kingdom) Unemployment Rate
2023, March 14, 15:00 (United Kingdom) Claimant Count Change
2023, March 14, 15:00 (United Kingdom) Employment Change
2023, March 16, 07:50 (Japan) Balance of Trade
2023, March 22, 15:00 (United Kingdom) Inflation Rate YoY
2023, March 23, 20:00 (United Kingdom) BoE Interest Rate Decision
2023, March 24, 07:30 (Japan) Inflation Rate YoY
2023, March 24, 08:01 (United Kingdom) Gfk Consumer Confidence
2023, March 24, 15:00 (United Kingdom) Retail Sales MoM
2023, March 24, 15:00 (United Kingdom) Retail Sales YoY
2023, March 24, 15:00 (United Kingdom) Retail Sales ex Fuel MoM
2023, March 24, 15:00 (United Kingdom) Retail Sales ex Fuel YoY
2023, March 24, 17:30 (United Kingdom) S&P Global/CIPS Manufacturing PMI
2023, March 24, 17:30 (United Kingdom) S&P Global/CIPS UK Services PMI
BTC Surprises and Market Analysis: Navigating the Current RangeAs we approached the weekend, I was expecting Bitcoin to get the Swing Failure Pattern (SFP) of $21,647 and continue to the range, I was expecting liquidity to leave the market, but I was wrong as BTC had different plans and did a great job of surprising me. Initially, BTC did precisely what I was expecting. I took the short trade and stopped out (Refer to my last post). I patiently waited for some reaction from $21,827.5 to play out as it was a significant weekly level along with a 0.66 Fibonacci level. The bullish momentum was so strong and rapid that it managed to break through the weekly level, leaving several single prints behind us. My next resistance level was a daily level of $22,393. Price broke through this level without difficulty and stopped at the monthly level of $23,301.
As of now, MS is bullish, and if we want any move toward the downside, we need MS to change in 30min to 1-hour charts first before we take any new swing short trades. We're still in the 6-month range; before getting excited and sending BTC to the moon, we must reclaim the $25,211 level. We currently have the Monthly $23,301 level acting as a current resistance and a Weekly $24,297.5 level, along with a 0.886 Fibonacci level right above us. We also have an SFP at the $25,211 level.
Currently, we are right above the VAH of the entire range.
For the downside, I would like BTC to get accepted below the VAH of the range, Claiming a daily naked point of control level at $22,612. I would like to see at least two 30 minutes candle closes before getting into any short trades. This move up was rapid, so once we get acceptance below VAH of the entire range, we can expect the price to have a quick fall to the $20,673- $20,957 level, as we have several new daily levels, which can act as a great support.
For Upside, I will expect the price to reclaim the monthly level before getting into any long trades. All my trades will be scalps with a tight stop loss.
TRADE PLAN 01/05/2023TP1> If we manage to Trade/Bid above MAIN POC 3863,
we can go for 3880 > 3913 > 3924 > 3943 > 3965 > 3979 > 3995.
>To the upside, the level I'm looking it right now is the 3860, that's the POC of those last 12 days, we need to trade/bid above so we can try to break the LIS 3913/3915, where BULLS are losing the battle.
TP2> If we manage to Trade below MAIN POC 3863,
we can visit 3841 > 3824 > 3800 > 3787 > 3766 > 3728.
>To the downside, the level I'm looking is 3824, as we are already trading below 3960 12 days POC, so once we confirm below 3824, we have to break lower to find strong sellers to push below 3800, where BEARS are losing the battle.
* We are trading in this 100 points RANGE from 3800 to 3900 levels for the last 12 days or about 2 weeks,
I would say that the market structure are balanced, looking for stronger BUYERS or SELLERS around the VALUE AREAS.
For now no direction in the markets, just range trades, we should break anytime soon out of this BOX, and I was hoping that today with FOMC minutes we could go search some new levels, out of balance, but...
Mr Market had other plans, so for now lets trade the levels and see how it goes by Friday NFP.
#tradesafe #sizekills
BIRLA CORP ANALYSIS!!i have determined the trend and great levels for buying and selling the stock. its a bit volatile market for this stock, but one can earn if he/she has a proper determined plan to trade such type of stocks.
ANALYSIS:
1. BLACK LINES are the different chart pattern trends.
2. BLUE LINES are the good levels to buy/sell the stock
3. PURPLE LINE is for the shorter swing trade, saying stock trading rs.909 is good to buy till 1160. if breaches, then all the way too 630.
4. ARROW MARKS & THE CIRCLES: everytime the stock broke the 970 level, it gave a very good upside movement, a level to watch out for.
NIFTY 50 for tomorrow - 19 October 2022Nifty opened above the resistance zone , as we discussed in yesterday's post.
We saw a good move in the first hour forming a bull candle.
Then prices just consolidated within the range of the first-hour candle, the entire rest of the trading session.
Expectation for tomorrow
- Might open flat or gap up
- Move towards 17530 - 17560
- if opens gap up above 17530, the price would move fast towards 17630- 17650
Immediate support 17400- 17420
Today's closing 17490
EURGBP need more confirmations.MA25 (the white line) of 4H candles plays and important role in trend finding process for Intraday trading. Let's see if the pair is able to break the MA25 down or not. if so short the pair.
But in term of long trades regarding the recent weakness of the super bullish trend, I don't enter a long trade until the 0.8717 is perfectly broken.
Following Weekly Levels + TrendThese advanced levels will give you the best insight of where the market will have reactions for the following week. From this current trend we can expect the market to keep shorting but this is only a speculation. I have analysed the market for these levels from professional experience and years of training but not everything can be completely predicted.
EURUSD, another breakout aheadAfter offering multiple SELL opportunities over the last year, the EURUSD pair is consolidating once again on the daily timeframe.
Similarly, the RSI Exhaustion at the bottom is consolidating.
Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation).
Remember to stay patient and always look for confirmation from the indicators!
EURCHF - Consolidation opportunityAfter a significant downtrend from 1.20 down to below 1.00, the EURCHF pair is now consolidating on the daily timeframe.
Similarly, the Sentiment Index at the bottom is consolidating.
Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation).
The opportunity now is to trade the pair within the consolidation considering it's very large and clearly identifiable.
Remember to stay patient and always look for confirmation from the indicators!
Possible SELL opportunity on CADJPYThe CADJPY pair might offer soon an interesting sell opportunity assuming a trend continuation scenario.
After a recent uptrend, the pair is currently moving between a major resistance (downward pressure) and a major support (upward pressure) with the latest move being a significant downtrend.
A SELL opportunity might form if:
The Breakout Pivotal Bars turn bearish (candles colored in red) in the blue circle at the top
The RSI Exhaustion becomes Bullish Exhausted (RSI line gets colored in green) in the blue circle at the bottom (around 50)
If instead, the pair starts to consolidate around the current level (moving pretty much sideways), the subsequent scenario might turn to the bullish side.
Either way, remember to do your analysis, be patient and always look for confirmation from the indicators.
LTCUSDT compressionA breakout opportunity is forming on LTCUSDT.
The pair is currently consolidating after the recent downtrend that formed several tops and offered multiple selling opportunities. Price movements are increasingly compressed and will eventually break. The same compression is building in the RSI Exhaustion indicator at the bottom.
As of now, the breakout could be either to the upside (trend reversal) or to the downside (trend continuation) so let's just wait and see when the breakout comes.
Remember to do your analysis, be patient and always look for confirmation from the indicators.