Longtrade
Nasdaq long trade.this is a Nas long trade i am looking to take and ride from a old supply level turned demand and go and give the highs a retest then possible ride it to the highs and have break and then continue to all time highs. riding the bull wave.
GBPJPY long position. This ia long trade i would like to take on gbpjpy because the break out has happened and i would like to buy the retracement from the resistance becoming the new support level.
USDJPY Long Trade SetupHello Traders
There are some other options, but the last low can ben the end of the 2nd wave. That's why I want to take a long trade. That's why I've placed a pending order over the last top with SL under the last low by risking 1%.
Trade with care.
Bulent
UK100 Long Trade SetupHello Traders
My forecast is one more upside for the completion of the B wave. That's why I want to take a long trade in order to hedge it at 0.786 retracements of the A wave. I'm waiting for a correction over the trendline to place a pending order. I'll put SL under the trendline.
Trade with care.
Bulent
GBPNZD Long Trade SetupHello Traders
After a drop for about 2000 pips without a decent correction, I think it's time for a bigger correction. The last low can be the end of the drop and what we have after that can be a reversal structure. I'm waiting for a trade setup to place a pending order. I plan to move SL to BE when the last top is broken since there is a chance for another downward impulse under the blue trendline. I don't target any specific level. When I see the end of the next impulse, I'll book my profit.
Trade with care.
Bulent
BTCUSD Long|Dynamic Support|Local Resistance|Apex|Low volume Evening Traders,
Today’s trade analysis – BTCUSD traveling into its apex, a long trade is valid upon breaking local resistance.
Points to consider,
- Macro trend bearish
- Dynamic support respected
- Local resistance converging
- RSI respecting trend (overlying resistance)
- Volume below average
- Valid long with defined risk
BTCUSD’s macro trend is bearish with consecutive lower highs; this gives us a bearish bias on the overall market.
This long trend is based solely on interim level and price action.
The dynamic support has been respected enough to solidify its significance, price breaking below will negate the trade.
Local resistance is converging with the dynamic support; this places the market in an apex where a break will be imminent.
The RSI is respecting its trend line with overlying resistance, a break will coincide with price action.
The volume is trading below average; this is an indication of an influx as price is at key interim levels.
Overall, in my opinion, a long is ONLY valid if price breaks above resistance, price action must show strength. The formation resembles the psychology of a probable ascending triangle which only validates breaking its resistance.
A break below the key dynamic support will negate the trade set up with the immediate target then being daily support.
What are your thoughts?
Thank you for following my work!
And remember,
“Take your profits or someone else will take them for you.” – J.J. Evans
USDCHF Long Trade SetupHello Traders
The higher degree structure should be a correction between the green lines. And as you can see, the C wave is in the making inside that correction. Any last low can be the end of the whole downward structure and it can go up but my main forecast is a running flat as the 4th wave and one more drop. What we have at the very end can be a reversal impulse. Now, I'm waiting for a correction to place a pending order.
Trade with care.
Bulent
GBPCHF BUY SETUP BUILDING UP - ANALYSISGBPCHF has a break above the wedge channel but yet rejected at the resistance point. We will only enter trad after strong confirmation. Let it retest the support at 1.8165 level to target the 1.2200 points with stop loss at 1.6200 points. Use proper risk management and money management principles.
XAUUSD BULLISH TREND REMAINS STRONG OVER PANDEMIC CONCERNSA strong job report did a little damage to Gold but sell trade remained short livid as bulls entered on a pull back. Bulls are tested 1780 resistance if they break above and retest 1780 it can break the long-awaited target of 1800 which was likely to be achieved just before job report of US.
Possible long opportunity on ATOMUSDT in the near future ATOMUSDT
I see market structure starting to change which may present a long opportunity soon.
We are currently breaking resistance. I won’t be longing from the break and retest here because I don't like the messy structure to the left. There are huge wicks there showing this is an area of volatility.
I want to clear this first before I would consider entering a long, at the same time creating another higher low.
If we can get a break above 2.850 and a retest of that level with some nice solid candles, I will consider opening a long to the previous high.
Stop loss may change dependant on the new structure created before the point of entry.
MINDTREE - BREAKOUT CANDIDATE/BUY ON DIPSStock finally broke the resistance that it had been resisting for weeks.
Now the 915-930 is an important support levels, if the stock sustains above those levels, it might be moving towards 1020-1030 levels
CMP 949
Buying zone : 915-930
Stop : 885
Trade type : Swing
Risk/Reward : 3R
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BRITANNIA - BREAKOUT CANDIDATEBRITANNIA - BREAKOUT CANDIDATE
Above 3490 it can move towards 3860 - 4000 levels
HDFCLIFE - Breakout from 3 months rangeStock did a breakout from 3 month range, same structure can also be seen in the group companies like, iciciprudential, sbilife.
This breakout can probably take stock to 585 and 660 levels.
Stop can place at 485 levels.
BHARAT FORGE - Self Explanatory chartsBHARAT FORGE - Self Explanatory charts
If the stock has reversed , then any dips/correction in the stocks will be absorbed in the 280 - 310 zone.
Trade type : Positional
if Breaks out - above 400
if Corrects - in the range of 280-310
This view will be negated below 260 levels.
Science Backed by Data[BandhanBank Series]: Target 302-327Hi Friends
Bandhan Bank has broken out of Elliot wave Triangle , consolidated, went back intraday and broke up again on good volumes.
Long Positions can be made above 285 for
Targets of
302,
327,
350,
376.
Stop Loss to be used is
282.6
276.9
259
240
Breakout is on higher volumes + Elliot Wave Triangle Breakout + PitchFork Channel for low risk.
For people with lower risk band keep moving higher Stoploss according to pitchfork channel.
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Note:- ZoomIN to see complete details of Study
usdcad broke a falling wedge!!!The loonie has formed a wedge during this week and yesterday it managed to break it; today there has been a retest on the trendline. 50 moving average in h4 is supporting the price action and I think that there are good chances for an upside leg whith 1.387 as a target. Ichimoku cloud (the "kumo") is now under the price and is offering support, kijun and tenkan sen are still moving sideways, so there is not a clear sognal yet but in my opinion if price does not close under 1.35 there will be a bullish leg.
Use a stop loss, in the picture the risk/reward ratio is a bit over 2, anyway you can decide to use a tighter stop, it depends on your trading plan. Study H1 chart if you want a perfect entry.
