Pro Setups for Swing Trading Ahead of News: TSLANASDAQ:TSLA had a velocity run on the release of its production update for Q2. Velocity runs have gaps between candles which do not overlap. It is a run of enormous speculation to gambling mode and the professionals are taking advantage of it. Notice the pro trader setup candle patterns prior to the retail side getting the news.
NEWS
Angel One : So Close.Here is all you need to know about Angel One:
- With Financial services gaining momentum, Angel One is definitely a good bet
- It consolidated for good 2 years in which it trapped bulls once, only to get back in the zone
- It recently gave in a breakout and sustained above the resistance zone
- BUT, Today NSE barred it from onboarding any new APs for a period of 6 months which made the stock bleed red for 7%
- APs are basically sub-brokers associated with a broker who brings in more clients and thus more business
- With the stock market on a bull run, the funds are flowing in and the inability to onboard new APs will definitely affect its growth in a short run
- Don't let the analysis end here! Give us a boost if you find it helpful
- The long run will still be dictated by its strong fundamentals and growth.
Below are some interesting stats:
- Profit growth of 52.2% CAGR over the last 5 years
- return on equity (ROE) track record: 3 Years ROE 44.1%
- Sales growth (5Y) - 31%
- Profit growth (5Y) - 52%
What are your thoughts? Feel free to comment :)
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
EJ Analysis ahead of newsVery volatile market open. 5 news events by monday. I am currently long and looking at pairs for reversal. 1:1 in profit currently.
Disclosure: As of 6/30 I am long EURJPY
I moved my TP up to breakeven and am prepared to use the leverage to add if further profits. Targeting risk/reward of 20:1. I will be trailing my take profit along with the trade until whenever dip.
EUR/USD - Forecasted Potential Setup for the Next Few DaysCurrently, the price is forming a descending triangle pattern. I expect it to take liquidity at the 1.07100 level before making another higher low. My focus is on the 1.07350 level as a potential entry point for short positions. Given that the price is down across all timeframes, I am not considering long positions at this moment.
If the price breaks the daily highs, this setup will become invalid, and I will then look for long opportunities on a pullback. However, for now, my strategy is exclusively oriented towards shorts.
Confluences:
Forecast for negative DXY news on 27/06/2024, which is expected to cause a pullback.
Anticipation of positive results in Friday's news, potentially causing a breakout in this pair and a test of the weekly highs for DXY.
Like and comment if you agree with my setup idea.
75: Identifying Support around €13.36 Amidst Selling PressureCurrently, we are witnessing selling pressure on the Fastned stock without significant buying interest. However, by examining historical data, we can identify a point of interest around the €13.36 level. This area has previously acted as a support zone, making it a potential accumulation point.
Recent developments support this analysis. Fastned recently raised €32.9 million through the issuance of new bonds, with €12.3 million coming from existing investors extending their bond maturities. This successful fundraising indicates a growing interest and confidence from private investors in Fastned’s long-term potential.
Given this backdrop, we anticipate that the €13.36 level could attract accumulation as investors recognize the company's ongoing investments in the fast-charging infrastructure for electric vehicles. As more motorists transition to electric vehicles, the demand for Fastned's services is expected to increase, potentially driving the stock's recovery.
Monitor the €13.36 level closely for signs of accumulation and potential buying opportunities, considering the growing interest and financial backing Fastned is receiving.
xauusd analysisOn last monday we have posted a chart analysis major bullish and bearish points of xauusd. And all our targets were hit ✅✅✅✅
BULLISH:
2335 ✅✅✅
2343 ✅✅✅
2347 ✅✅✅
2355 ✅✅✅
2367 ✅✅✅
2376 ✅✅✅
2398
BEARISH;
2321 ✅✅✅
2312 ✅✅✅
2298 ✅✅✅
2287 ✅✅✅
2282
our analysis for monday june 10 2024
as xauusd has fallen around 120 points or 1200 pips from its top of 2388 on friday a possible retracement can be elicited out.
if the support area from 2288-2282 is not breached then xauusd will fly back to 2333 area where it has major resistance
minor resistance are present in 2304 2315 2321
more updates will be posted soon.
please like share and follow us for more market related updates
US DOLLAR INDEX The us dollar index opened with a gap. today the us dollar index which was closed at 104.94 opened at 105.5 with 11 point gap.
this gap may be an indication that us dollar is going to resume its upward momentum this week which it has started on last Friday.
if this momentum continues it will be a fall for xauusd.
more clear cut analysis will be posted soon .
but please post your comments which will be helpful to understand what the crowd thinks and thus understand market sentiments.
LIKE BOOST FOLLOW US
What the last PMI USD news did to DJ30News was slightly negative on USD but it pushed DJ up. Is the (tech-) industry currently connected to Eastern companies like TikTok aso. ?
Correlation between Gold and DXY is currently out of order, like the last time in 2008 or 2020.
Lets see where it wants to go in the next hour and decide then. Todays News are positive on DXY.
GOLD SHORTPrices Already on Resistance!!
If Market Crash Price can go higher up to $2900 (I mean 20% rally).
or Opposite, It come down to $2100 to $2000 level
It will provide a bearish divergence signal shortly. Keep an eye on it, but make a trade plan in advance.
A surge in the US dollar and Treasury yields also brought down the price of gold.
Central Banks are adding gold to their reserves.
Decresing Tick Volume
No matter the asset, investing always involves some risk, but savvy investors usually recognize the value of seeing openings during market downturns.
Furthermore, investors now have a compelling opportunity to diversify their holdings, protect themselves from market fluctuations, and maybe profit from a price comeback thanks to the recent drop in gold prices that occurred on April 25.
But before making any financial decisions, including adding gold to your portfolio, it's imperative that you carry out extensive study and evaluate your needs, goals, and risk tolerance.
"Escalating geopolitical risks significantly bolster gold as hot and cold conflicts, and a record number of elections this year, keep the risk thermometer high," HSBC was quoted as saying by Reuters.
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**First Scenario - Long:**
If Market Structure breaks on Daily TF and retest at 61.8%
Initial Target: $2900
Entry: $2390
Stoploss: $2325
**Second Scenario - Short:**
Initial Target: $2080
Entry: $2415
Stoploss: $2441
- ---------------
Take into consideration:
Psychological Resistance at $2900
Psychological Support at $2050
- ---------------
Price already in my area of value, just waiting for the market to tell me to get in on a sell.
NFA
DYOR
- ---------------
Good Luck!
⚠️Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.
New H1 Range for Gold/ NEWS TradingGold is near the daily floor, but didn't want to drop all the way. I do not like that zone, there is a daily and a new hourly Key Level. If you trade here with 500 pip SL from zone to zone.
News is coming out in 20 minutes, I will be watching for a News trade today, about 30 minutes to 2 hours after News, when market has calmed down.
xauusd new update and signalstwo days before we have published a chart showing potential movement of xauusd and its possible downward tends and upto what level it will fall. we have explained that if it breaches 2407 then it may fall to 2376
bullish targets: 2440
2433 done
2427 done
2421 done
2413 done
bearish targets : 2401 done
2397 done
2396 done
2391 done
2383 done
2376
we pin that previous charts also here.
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US30 neutral 1. we are currently consolidating in a tight controlled price range - this clearly illustrates to me that we are waiting a big price move soon (most likely after the high impact new releases today)
2. i believe a break below the line below wil lead to a bullish continuation upwards or a break below the line above will lead to a short term bearish break down of price to the downside.
Always maintain a open mindset about the outcome of news as nothing is guareteed in the trading market at any time
OIL 20/5/2024 AnalysisDue to serious geopolitical scenario happening in the middle east usoil has a potential tendency to go long.
the Israel strike over Rafa and death of iranian president has created a serious tension in the middle east zone which can be affecting the price of black gold the oil.
Bullish targets: 79.60
79.80
80.10
bearish targets : 79.00
78.80
supports: 79.23
78.57
78.21
pivot 78.85
resistance 79:85
80.25
until and unless the pivot is not broken oil will continue buy.
boost follow and share us for more such trade analysis.
xauusd recent update
In our previous analysis quoted above we have referred 2407 area as the area of retracement as there is strong support in that zone. and as we predicted the same happened the market retraced from than zone and again hit back the zone creating a DOUBLE BOTTOM and again goin up to nearby resistance zone.
support and pivot 2407-2405
if this area is not breached then market will fly back to 2445 zone.
bullish targets : 2415
2421
2433
2445
bearish targets : 2401
2397
2391
2382
2376
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happy trading❤️
XAUUSD - BUY POSITIONWe are looking for a BUY on OANDA:XAUUSD tonight.
There might be two scenarios that play out, we are prepared for either.
First scenario is what we charted. Second is below.
Second Scenario:
Important prices tonight:
- 2378.55
- 2366.57
🧠 Helpful Tip: Remember to keep your stops small and profits large.