GBPUSD price has continue to rise after hitting key levels highlighted in green. so, price will probably go up to the 1.39550 range before shooting down to the 1.32000 range.
Lowrisk
CIPLA Short Term ReversalThe stock has reached lower trend line and took support and is ready for a reversal rally. Trade is supported by brokerage calls and swing low, major supports & 200 EMA before SL levels. Target is placed with a risk reward ratio of 1:1.
MRNA Low Risk Short PositionMRNA is hillariously overbought, with stochastics, EMA's, bollingerbands, MACD, and RSI on the daily chart all showing prime conditions for a short position.
Here's the chart showing those indicators:
I am going to be watching this on Monday and throughout the week, looking for a short position entrance. I played it on Tuesday for a nice $50/ share short with similar technical indicators. Hoping to duplicate that again this week. Might go debit, might go credit, not entirely sure how I'll play this yet. IVR is somewhat high for a credit trade, and since they have earnings coming up, I imagine that will continue to increase. For that reason, a debit trade might be the winner here. That said, if IVR collapses, that will hurt my trade.
Still formulating the exact plan, but I am going to play MRNA short in some capacity.
I am anticipating a retracement to the $300.00 / level in the short term at $250.00 in the next few months.
XAGEUR : possible buy zoneAs you can see on the chart, clearly we are in a possible reversal zone to the upside .
My intentions is to start buying and build a position gradually.
The ultimate goal is to catch the next low inside the big triangle but the position will be adjusted according to price action , momentum and so on
best of luck :-)
VERY LOW RISK OPPORTUNITY This honestly might be the best risk:reward setup I have ever seen on a trade.
While the fundamentals might not agree... we know that anything can happen in this market.
Expect the unexpected.
LTC Ready To Pump IN 2-3 Months / Up to 20x Profit!We are in the end of a very long accumulation.
LTC price is a joke in these days.
Buy and hodl LTC.
You will never see LTC in these prices
SPY play with 90% PoP!Hello, guys hope all is well. Today we will be looking at $SPY and how I will play the market this week.
Based on the expected move for this week of $6.79 we are possibly looking at a range between $410.01 - $423.59. On Monday I opened the Put side ($400 / $398 and collected $9 per contact) of my Iron Condor and leg into my Call side roughly Thursday afternoon or right before close.
Last week we saw a slight dip in the markets from Monday's open of $424.43 to Friday's close of $414.92. This 2.24% drop has made the $VIX pop to the $20 levels from the mid to high teens. With this pop, we will be able to take advantage in one of two ways.
1) We can keep our stricks the same as we did last week because we still believe that there is a lot of supply at this price and we want to collect more premium.
2)We will be able to get lower on the put side/higher on the call side while still collecting the same amount of premium as we did last week.
I will be going with the second option because although there may be supply at these levels I still want to sell the .10 - .05 deltas with a $2 widespread.
I'll be looking to collect between $8-$10 per contract on the put side give me roughly a 4% gain while also looking for the same percent gain on the Call side later on in the week. Since no additional collateral is needed to add the Call side, we are looking at a minimal gain of 8% if we stay in our expected range.
Possible Pull-back for a sell continuationPrice broke out from the 121.77 level after some balanced price action between supply and demand. The breakout to the downside clearly indicates that there are more willing sellers than buyers at that price level. I expect market to pull back to this price level for an entry to sell the pair. There is a wide profit margin all the way down to119.7 giving me a low risk high reward and high probability scenario.
Selling 5 Delta Spreads!Hello guys, hope all is well. Today I got into a SPY $411 / $408 spread expiring 06/04 /21. This put credit spread has a 5 delta which gives it a 95% chance of it being OTM by expiration rendering it worthless. I was able t to get $9 of credit for each spread which would give me a 3.09% ROI for the week.
Hope you have a great day
Reliance Industries ObservationVery good chart pattern.
Perfect price for low risk entry.
Stop Loss should be 1830.
Targets will be high.
#stayinvested. #Lowrisk #Investment.
MCX - Looking BullishMCX has given breakout to falling wedge pattern with a strong volume on daily timeframe and is currently retracing back to its support trendline (Earlier Resistance Trendline). Formation of reversal green candle near support line will confirm long entry.
It has the potential of reaching the target of 1800 within the next 1-2 months with a stop below 1460 levels.
LIT USDT about to break out. Low risk / high profitsLIT is about to break out from the strong demand zone. The chart shows little resistance so once the price starts moving up, it will fly! First stop will be $13-$14. I consider this trade as low risk because of the strong demand zone.
Stop loss not needed, exit the trade when a weekly candle closes below the demand zone.
HUYA - [Reversal] LongTime to go long with HUYA - I'll keep this short & sweet to save you the "Car Salesman" pitch.
We've bottomed out on the .236 level and are looking to make a break through the $19 barrier before we take our first batch of profits at $21 being our next level of resistance. I'm setting a close stop at $18
Couple of other favorable factors;
- Increasing volume on the daily timeframe
- RSI is healthy (not showing overbought conditions)
Good luck
Potential Sell position for GoldLater this week and the start of next, we will be looking for Gold to throw a reversal on a smaller timeframe for a short position. We can see gold reversed on this week's Fib and support, headed towards our resistance on our Daily bearish flag. We have 2 potential trendlines for gold to reverse on and our Fib's 0.27 zone. TP will be on small support and we will look for a break to expand!
Thanks and send me your analysis!
Long position in GAIL with target of 199This is my personal view on #GAIL for mid-term.
NSE:GAIL
GAIL (India) Limited is an integrated energy company in the hydrocarbon sector. The Company's products and services include natural gas marketing and transmission, petrochemicals, and liquid hydrocarbons production (LPG, propane and naphtha).
Low risk high returns is what I see in this stock.
As we saw huge jump in this stock and recent news on buy back @ 150/share, good growth is expected from this stock to reach to its previous high made in year 2018.
My recommendations to add on dips for target of 199+ in mid-term.
Immediate Resistance is at 160 if it sustain that can reach upto 190 very soon.
Immediate support will be at 137 and if it can't sustain that it can have a short term correction till 127 and ne t support will be at to 110(highly unlikely consideringmarket sentiments)
As shown in Chart my pivot points are 130 as entry point and keep adding till 110 levels with the risk of 15% (100 days MA) and with the Target of 53% as per technical points ploted on weekly chart.
I am holding position from 115 levels.
Please share your view on Gail in comments and thumbs-up and share if you like it
Historical shareholding details for GAIL from FII investors.
Dec 2020
Total 15.62% (69,97,05,814)
Sep 2020
Total 15.09% (67,59,80,232)
Market Cap Cr
Market Leader
66118.7
Price to Earnings
Below industry Median
7.9
Price to Book Value
Above industry Median
1.3
Recent Bulk purchases:
Clsa Global Markets Pte Ltd
02 Feb 2021
Block Purchase
Qty: 15,27,949 (BSE)
Rate: 127.5
Ready for LongIF the green dash line break we are ready for tp1 and to2 :)))
so LOW RISK worth for investing ....
EURNZD support reversewe see that EurNzd has broken from its flag pattern and has come down to its support zone. Strong buy with a good RRR having SL just under a previous low. (Look for a retest back downward for potential impulse)
Sell looking soon for AUDCHF!!We can see price is beginning a downtrend on a higher timeframe, so I made my call for price to retrace to previous support at 0.6886 for a short position. Price has now returned to support and agree with my call, so I am entering a short position with an SL at previous head and shoulders support. (Entry for shot or swing trade)
Thanks!
2 big potentials looking for EURAUDDuring the last 2 months, we have seen price go in a bearish trend into the 1.56 support range, now we're seeing price repeat a similar bearish downtrend down towards that 1.56 support range. Currently waiting for a retest back downwards and an obvious reversal for my Long entry. (if we see price break support it doesn't mean look for short positions right away, wait for the retest, and find a good reversal for your position, look for TP with past supports)
AUDJPY repetition on smaller time frameAudJpy is looking like we're about to enter a buy this week with its big rejection pattern from trendlines about to repeat itself on the 4h after it made itself clear on the D. Looking for a dip down to the 80.36 level off the Fib into our take profits (potential small sells?). Looking to get the most accurate, sniper entry to get a RRR around 5-6 or even higher.
AUDJPY Looks Weak After Strong OpenFX:AUDJPY had a nice run up on open inverse to weakness it showed on Friday. The pair seems to have slowed down on the buy side and I expect to see some sellers come back at these higher price as nothing significant took place over the weekend to cause this run up. I am targeting a 3-1 5.9-1 and a 7.6-1 RR ratio as I expect that the move a very similar (if not the same) to the downside will take place, now also with the potential for buyers to get trapped.
NZDCHF Looks Ready for a SelloffFX:NZDCHF buying looks significantly weaker and it appears ready for a drop. I have identified 4 potential targets of retracement and while this isn't the ideal entry it will do. I will be monitoring my trade closely as it was very choppy on the way up and volatility could be a reoccurring theme throughout the week with much happening in both the European and US markets. Note that there a few economic releases for both of these currencies however, they shouldn't have much impact on the exchange rate.
