GBPNZD Short Trade SetupHello Traders
My forecast is more downside under the trendline. That's why I'm waiting for a correction to take a short trade.
Trade with care.
Bulent
Medium-term
USOIL Long Trade SetupHello Traders
The last low can be the end of the bigger correction, and what has been made after the last low can be the reversal impulse. If so, we should have an upward impulse, which will break the previous top. That's why I placed a pending order and I'm in the trade now. The risk here is the downtrend line. If it's broken, I'll buy more after a bigger correction. Otherwise, I'll close my trade around BE. If you want to take a long trade, I think a small correction over the purple trendline will be a good trade setup.
Trade with care.
Bulent
AUDJPY Long Trade SetupHello Traders
The last low can be the end of the daily running flat. I'm waiting for a reversal pattern to place a pending order. I hope in the worst-case scenario we will have a big enough correction. So we will be able to move SL to BE.
Trade with care.
Bulent
EURUSD Short Trade SetupHello Traders
We may have a complete regular flat. That's why I'll take a short trade if it gives me a valid trade setup. As you can see, a very important Fib confluence level was tagged. We can get the reversal impulse soon. That being said. There is no divergence inside the C wave, and there is another strong confluence level, which might be reached. So we can have 4th and 5th waves. We'll see that part.
Trade with care.
Bulent
USDCHF Long Trade SetupHello Traders
My forecast is a pretty big upward impulse. If the previous downward structure was the whole correction, which is questionable, we will probably see a running flat over the blue trendline and more upside. I'm waiting for the end of the C wave and a trade setup to place a pending order.
Trade with care.
Bulent
GBPJPY Long Trade SetupHello Traders
If the green C wave is the end of the daily running flat as I considered it, The upward movement should be the reversal impulse. What we have after that should be a complete running flat. So the last sharp movement should be the starting of the next impulse. Now, I'm waiting for a correction and a smaller trade setup to place a pending order.
Trade with care.
Bulent
EURJPY Long Trade SetupHello Traders
If the blue C is the end of the daily running flat, we will probably see a correction over the green trendline and more upside. And, it looks like we have an expanding flat. Now, I'm waiting for a correction or a new low and a reversal pattern to place a pending order. When it breaks the last top I'll move SL to BE. My minimum target is 127.100.
Trade with care.
Bulent
GOLD is about to breakout.....Hi Traders,
Gold was in a monstrous uptrend since covid - 19 outbreak. Now price has retraced and tested a key support level (yellow). A break above the trendline can result in price testing the highs(Red) again. In case of a downward break price could test the next immediate support level(Green).
For queries pls comment below....
Happy Trading...
Gold at a key moment to move forwardHello Traders. Hope you are doing well out there.
As I look at gold, i see that it respects very well the Fibonacci levels (as you can see it on the chart) and that makes me believe that if the 50% level holds and gold closes above $1877 then we will see price advancing towards $1920 where the next Fibonacci level is. In extension we can see gold also above $1960 in the next few days.
The other scenario, if gold drops bellow the Fibonacci ($1877 ) then we can see the price moving down towards $1833 and from there that could be a very good entry point for longs.
I hope that this helps you somehow to get a better understanding of gold movements. Stay safe out there and keep your exposure in check.
AUDJPY Long Trade SetupHello Traders
Blue C was probably the end of the running flat. If so, the upward movement should be the reversal impulse. In this case, we should have a complete running flat after the reversal impulse. That's why I'm waiting for a small correction to place a pending over the last top.
Trade with care.
Bulent
EURCAD Short Trade SetupHello Traders
My forecast is a downward impulse to 1,49300 for the completion of the weekly correction that has been in the making after the break-out. The 2nd wave was shallower than I expected, but it looks like it's over. If so, the drop after the last top should be the starting of the 3rd wave. In this case, the last upward movement should be a correction. That's why I'm waiting for a trade setup to place a pending order.
Trade with care.
Bulent
USDJPY Long Trade SetupHello Traders
It made a new low and bounced back. So the last bottom can be the end of the bigger correction and we can have an amazing upward impulse. That being said, a running flat under the orange trendline seems more likely. I'm planning to take a trade and hedge around the trendline. Then I'll wait for the next structure. I placed a pending order, but if I see a better setup after the correction, I'll take it.
Trade with care.
Bulent
GBPCAD Long Trade SetupHello Traders
The last low can be the end of the correction, and if so, a reversal pattern is in the making. I'm waiting for a complete correction and a small trade setup to place a pending order.
Trade with care.
Bulent
NIFTY 50 - Complete Breakdown of ChartHi Traders,
As we breakdown the hourly chart for short term analysis, we have a short term bearish bias on nifty 50 because it is trading below the 50SMA. Nifty 50 has closed below a major support level today. Other Key levels as per hourly chart are between 11458.05 and 11418.18 which can act as a resistance in case of a pullback. We have a support at 10897.84 and 10861.36.
Now we will have a look at the daily chart. The daily shows that this counter is inside a support zone(White) and we have a resistance at 11445.87(Green). This resistance can be only for a short term because the daily chart shows we are still in an uptrend because we are trading above the 50SMA.
Nifty has broken a trendline to the downside but in can still be a corrective wave. A close below 11077.42(Red) will indicate the start of a downtrend.
Note:- This analysis can be used for short term and medium term analysis. We need to breakdown the weekly chart for long term investments.
If u have any suggestion on which counter u need an analysis, please comment below.
Pls like and follow for more.
Happy Trading............
GBPCHF Short Trade SetupHello Traders
We have a WXYXZ corrective structure. The last top hit the upper line, 1.618 extensions of Y, 0.886 retracements of A, and got a reaction. Now, I'm waiting for a complete correction after the reversal impulse. Then I'll wait for a smaller trade setup to sell it. If it makes a new high, I'll take a short trade after a new reversal structure.
Trade with care.
Bulent
XAGUSD Short Trade SetupHello Traders
My expectation is a little bit more upward movement to 29,08 where we have a Fib confluence (0.886 retracements of the downward impulse, 0.118 extensions of the blue A and 0.618 extensions of the yellow A). Then I'll take a short trade.
Trade with care.
Bulent
Bitcoin Forecast for AutumnFirst, let's take a look at the RSI indicator. It got as close as possible to the overbought line and cannot break through it yet. At the same time, RSI did not show significant corrections for 6 months.
Stochastic is already in the overbought zone and is now consolidating there. Also, this indicator has drawn a double top, which may be a sign of a trend reversal.
Let's take a look at Bollinger Bands:
You can see from the chart that the price has been above the Bollinger average line for a long time. Moreover, the chart pierced the upper border 4 times, which serves as a signal for a reversal in the classical technical analysis.
We should also pay attention to the structure of the last candles. They are small in size and at the same time the body of the candles is much smaller than the shadows of the candles. This indicates that there is simply no strength to break through to the upside.
We stretched the Fibonacci grid in the first chart to understand where to expect the Bitcoin price in the medium term in the fall. It shows that the closest levels at which Bitcoin can stop is $ 9,700 - $ 10,000, and then $ 7,000.
For now, we can see a slight rise in Bitcoin to $13,000, as there is still some headroom to go up. However, this growth is unlikely to become decisive and will be rather manipulative, since there are no preconditions for further growth.
We believe that the Bitcoin uptrend will be broken in the near future. There are many prerequisites for this, including long-term growth, starting from March 2020, which, sooner or later, should be significantly corrected.
Aries AgroExpecting uptrend to continue. Stock can take support near 80 and can continue its bullish momentum of 90+.
SL below 63.
NZDUSD Long Trade SetupHello Traders
As far as I can see, the last top was the end of the upward movement, and in this case, the drop after that should be the reversal impulse. We have a complete correction now. That's why it can be a good idea to wait for a small correction and place a pending order. My expectation is a pretty big correction for more upside, and my target will be the A wave inside that correction. 0.62300, which is 0.382 retracement of the upward movement can be a good place to book profit.
Trade with care.
Bulent
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
XAUUSD Short Trade SetupHello Traders
It has reached my potential reversal price (1850) and gotten a reaction, which can be the reversal impulse. I'm in the trade already. A small correction under the yellow trendline can be a good trade setup. Of course, it can be making a correction for more upside. I can only hope that it will make a big enough correction. So we can hedge our trades.
Trade with care.
Bulent
positional setup break outfundamentally good one and break out...watch out
Company is virtually debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 22.61%;;
Short setup for DAX30 Hello Traders !!! Hope you are doing good.
I've been actively trading for 8 years now and in all my experience I have never seen the market being so out of place so this is why my favorite action now a days is to wait for the best moment to get in the market. I recommend using lower exposures.
DAX as I see it is under a key area that has been resistance turned into support and now is resistance again. So i will monitor the price action inside this area and what i will do is to sell DAX from inside those levels with a target of 12250 but this is only if resistance holds in place. If it breaks above that, i will not buy. I will wait for the price to move higher and cover the gap at 13500 and from there open a sell with target back down to the area mentioned on the chart @ 13000.
Patience is the key in today's market.
Please share your ideas and your thoughts in the comments so we can grow together. Best of luck
