CHOLAFIN Long trade for Swing.The price has been moving in an Upward Channel and is around the Lower Trend line of the channel and there is also a Demand Supply zone around it. So there is a Confluence of both. A Confluence of 2 or more lines indicates a zone to watch out for some price action either side.
But watching the buyers buying on dips and being active on the lower trendline and RSI is also around 51
showing strength in the stock to move higher. Hence my view says to buy around CMP with a target of almost 8-10%.
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USDNOK BUY Hi All,
Looking at this pair we have an impulse wave 2 up from the descending impulse and also we are inside a downtrend diagonal which signals a trend reversal from bearish to bullish. This is not a short term trade, so you will have to be patient and stick to the sl marked, once price move 50pips into our direction you can move SL to entry or above.
Entry and SL marked.
GNW Rejection!Hello Community!
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This is a quick analysis. GNW keeps getting rejected on the daily timeframe, the RSI is overbought & THE MACD is heading towards the red. Until it breaks that diagonal resistance line drawn it will remain bearish (Short term).
This is not financial advice.
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Bull Flag Doge!!Hello Community!
Before we begin please support my idea with a thumbs up and comment. It'll be greatly appreciated and will motivate me to post a little more!
DOGE/USDT has been one of those stocks everyone has had their eyes on the past few weeks. We can take a look at DOGE on the 2 HR chart which is currently sitting on a few supports which I've drawn out for you. We can see trading at the bottom of the triangle. Based on the previous correction after making a new ATH at around 70 cents it's still looking bullish and is also looking to retest the top of the triangle with a possible breakout and another run at the previous high. This is a community coin that is fueled by hype and armature traders. It will follow BTC movements but with greater swings because of the hype built around it. this would be a great time to enter a long with a tight stop below the triangle. The MACD isn't looking strong but the RSI still is. If this triangle is broken you can expect a drop to the next support around 52 cents.
This is not financial advice.
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AUD/USDi'm looking for a small continuation to the down side then back up from here.
also forward for the market to respect the bullish trend but anything else is also possible
red horizontals are daily support and resistance
green horizontals ate 4hr support and resistance
Yellow horizontals are 1hr support and resistance
BTCUSD: possible scenario update30k is a psychological resistance for BTC in my opinion...
...as mentioned earlier, we might go higher from around 22-24k level proved to be true and now it should be difficult for BTC to break above 30k zone.
As per now, the price stopped below 28400 price, but we will see how it closes EOD.
Bulls are still in control, shorting from here is more like a gamble, however I am sure that profit realization is already happening.
Nobody knows where the price ends up and how strong will be the momentum or price action.
Personally I am out of the market, but closely monitoring the situation.
Time will tell.
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BTCUSD CorrectionI hope there will be a correction, but this is not certain, but I only know one thing about bitcoin that it will cost gulfstream by 2030) But for now, they hope for a correction for further purchase) If it's not difficult for you to subscribe to me and like the analysis), although the analysis is very simple but does not descend the triangle is visible to the naked eye.
BTCUSD: possible scenarioWhere to buy bitcoin?
Obviously the price can go higher from this level, but I wouldn't chase the market here...
…the first support zone can be found somewhere between 17.5k and 19.5k, where bulls might step in once again.
If we get such a pullback (at least 15%) - in my opinion, only in this case you should enter the market and hope for another move higher (at least 15%).
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This is my personal view and should not be considered as a personal investment advice.
AUDUSD: possible scenario 12.13.2020On the chart you can see a technical picture of AUDUSD, which in near-term may experience a pullback.
For outside the market Aussie bulls the first entry level - in my opinion - can be somewhere around 0.74520, the second around 0.73790, etc.
Don't forget, that proper risk management and volume calculations before getting an exposure in a certain asset is crucial.
This is my personal view or analysis and should not be considered as a personal investment advice.
EURJPY IdeaIdea on EJ!
I see that the market did a short impulse and we are now in a retracement. Inside this retracement (long), the market is creating more impulses and retracements.
Right now the market is doing a retracement, and I can expect the market to retrace until the rotation point 1 in confluence with an imbalance, then it can make a new long impulse to fill the imbalance at the top in confluence with the rotation point 2.
Then I'll wait for evidence for further sell entry!
Updates coming soon.
🔴STOPLOSS and TAKEPROFITS are personal. The ones in the graphic are my idea. Feel free to trade it.📊
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AUDUSD New Multi TimeFrame AnalysisHi Traders, here is the full Video Analysis / Breakdown for AUDUSD
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#NYSE #UBER The Bright Future Long Position Before my explanations and forecasts, why do I call Uber shares as a "Bright Future" on NYSE, let us remember some data about them!
Well!
Uber went public on May 10 with an $82.4 billion valuation, and it happened only the last year (2019), do you remember this?
Their start wasn't so impressive...
"Uber raised $8.1 billion in its offering at an IPO price of $45 a share. At a recent stock price of $41.57, the company had a market capitalization of almost $70 billion, based on the 1.677 million shares it had outstanding after completion of the offering."
If you check their just two years graph, you will see their vast loss!
BUT!!!
Here we are in 2020!
Uber is one of the promising company, because of the virus! They are recovering very fast and from the lowest price of their history (March 20 stock price 21.33 USD). Their share price is 36.59 USD, and it has powerful potential to close this massive gap at the 40.72 USD and to continue an excellent long position.
Interest regard of the company is increasing very fast, and it's a perfect chance to buy some shares and to keep them for a long term position.
I used several precise trading instruments, where you can see Fibonacci retracement and their percentage positions. As you recognize, it has already passed 35% of uptrend and will be closer to 50% and more soon.
Overall, most of the technology companies have perfect perspectives, and one of them is UBER, a very fresh and right choice for trading.
Don't hesitate to like and leave your comments below! Thanks
Buy EyesThis company has bottomed out. It is an elective procedure which is why it's be reduced drastically. The hospitals prevent profitable elective procedures during the crisis and now this will come back to normal levels or close to it. Of course still running at a much more reduced level it won't come back full force but we could see a large swing in the next few weeks.