Longtrade
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
Do not follow blindly and If my Posts are useful to you , please also share it with others as an appreciation.
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.
BIOCON - RANGE BREAKOUTBIOCON has seen a range breakout in yesterday's session and today we are also seeing follow through and sustaining above 390 levels can take stock to 413, 435 and 450 levels.
Any dip in the stock ,can be a good opportunity to enter the stock.
Note :Higher time frame are also in alignment with this trade -setup
Do not follow blindly, please do your own research.
M - MACY'S INC buy investment opportunityHello traders,
Description of the analysis:
MACY's inc. investment opportunity. I already invest to this stock with big potencial. I bought 1226pcs of shares. Trade what you understand, trade carefully and sparingly according to the business plan. This is not investment recommendation.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund ($4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
gbpchf falling wedge formationas a falling wedge pattern is in place, we expect a break above the resistance line, go long after a retest of this line with the target Tp in focus
like ,comment and follow if you like my idea
EUR|USDHello, everyone. Thanks for reading.
You can buy, risk reward is good.
Thanks for reading
Dont foreget to leave a like if you liked my idea
USDCAD Long *DAY TRADE*Quick short term day trade set up on USDCAD.
Higher low, breakout of lower timeframe wedge yesterday, trendline and EMA supporting price.
This could go a lot higher than TP1 shown on the chart because USD is weak across the board so plenty of upside.
NIFTY - 10450- 10550 still on the cardsAs long as nifty is holding 10140 -10120 levels , the probability of its moving towards 10450-10550 is still on the cards
hence its buy on dips as long as its holding 10120 on intraday basis and 9940 on weekly basis.
Forgot to post but I got into PPL at 25.66PPL broke my triangle and is now in the $30.00 range Its an easy call for smaller accounts. My target is $32 if it holds $32 then we are going back to the $35 range. This is a long term swing call so dont get shaken out by volitility
Also I recently joined a discord channel that helps people make money. Direct Message me if you would like more info.
CHF/JPY: LONG Hello traders!
MACD line just crossed above SIGNAL line -> beginning of a BULLISH UPTREND
RSI 14 is facing upwards -> does not look overbought yet
CHF/JPY price seems to be able to break the resistance line. My suggestion is to put the target price towards the second resistance.
Please, maintain proper position sizing and risk management!
Not a financial advise
Good trade!
DABUR - Time to BounceThe Trendline breakout has been seen on the dabur intra charts and the said breakout is followed by the trendline retest.
The Trendline which was earlier working as resistance are now supposed to be working as support.
The said trenline support is aligned with the harmonic cypher pattern support@ 460 levels.
This is small risk trade with a stop at 452 levels, with a initial target of 475 and 490 levels.
OXY - strong level watchOXY broke through a strong level of resistance $15.45, but went down during post-market. If the price stays above $15.45 tomorrow (June 4th) LONG trade.
Possible false breakout, in which case SHORT trade.
AUD/CHF LONG POSITIONAUD/CHF LONG POSITION RISK MANAGEMENT ALWAYS USE TRAILING SL MOVE EVERY 10 PIPS TO AVOID LOSSES
NZD/CHF LONG TERM HOLD NZD/CHF LONG POSITION RISK MANAGEMENT ALWAYS USE TRAILING SL MOVE EVERY 10 PIPS TO AVOID LOSSES
HINDUNILEVER- BUY ON DIPSStock had seen a good breakout in Friday's session from its 10 day trading range.
Any dip in the stock is likely to be absorbed in 2030-2015 zone.
I am Bullish as long as it sustains above 1990 levels.
Further resistance stock can face is around 2100 levels.
CYPHER IN OFSS - consolidating Cypher pattern is apparent on hourly chart of OFSS and stock did bounced from its prz around 2300 levels.
Currently its trading in the narrow range near the 2370 levels from past two sessions, if see a break above this levels , they we may see move towards 2470- 2580 levels.
The said view will be negated below 2280 levels.
