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NOTcoin chartAnalysis by Amadarz✅ This chart for NOT/USDT suggests a bearish trend that is now consolidating, with a descending trendline. Here's a breakdown of the setup: 1. Current Price : 0.01061 USDT 📉. 2. Trendline Break : The setup is recommending to wait for a break of the descending trendline ⏳ before entering a long position. This is crucial as it would signal a potential trend reversal or bullish continuation 📈. 3. Second Entry : There’s a potential second entry at 0.00912 USDT 🚪, a key level based on previous support. 4. Target Levels 🎯: - TP1 : 0.01114 USDT 🟢 (minor resistance level). - TP2 : 0.01229 USDT 🟢 (further resistance). - TP3 : 0.01435 USDT 🏁 (approaching a significant resistance). 5. Stop-Loss Zones : Recommended stop-loss is between 0.00907 USDT and 0.00857 USDT 🔴, just below the recent major swing low. Key Observations: - Risk Management : The stop-loss below 0.00912 ensures solid risk control 🔒, protecting your downside below the recent low. - Action Plan : If the trendline breaks with strong volume or bullish confirmation 🚀, consider taking profits at the targets in sequence, with TP1 being conservative, and TP3 offering the maximum reward 🎉. Keep an eye 👀 on the volume and price action around the trendline for confirmation of the breakout!
Long
by ahmadarz
6
BNX 23.11.22 (4h)It dropped sharply from the $161 level I mentioned in my previous review and came to $135. He gets a reaction from there and tries to enter the channel again. 4-hour closes above turquoise should be carefully examined with volume candles. We have 2 scenarios ahead of us. In such a case, the scenario with the red arrow may be valid in such a case that it cannot gain enough volume to hold in the channel and is pulled back to the first support point . If the volume increases and the 4-hour closes are solid above the turquoise line , the green-colored scenario could be realized. I did not close the shorts I opened, I want to put a stop to the profit and see where it will go. I will close part of the position every time it hits the green box. It should not be forgotten that BNX has an extremely high price compared to the market. Also, closures above the white line can take us to the second short point, so be careful. What I write here serves as a note to myself. Does not include investment advice.
by BarbarKalyon
6
USDCAD - Market Structure - No ideal Setup from our POV Hi Traders! In this idea, we want to show the main structure of the market. For us, there hasn't been any Trade Setup developed yet. As you can see, the market broke out the weekly Trendline, which goes back all the way to April of the last year. After that, the market moved higher and a lower ascending daily Trendline occured too. The Movements above the Trendline happened in a similar way: Firstly, the market slowly went up. Then it got momentum and shooted up. From above, the market made a 180° degree turn over and came back with high momentum. Then it consolidated a little bit. Recently, the market broke this ascending Trendline bearish. This Movement was clean with average red candles (not too high momentum). Now, a consolidation started above the daily Support. --------------- For us, it is not an ideal place to take a trade. If you want to sell, then the market obviously has fallen a lot until now and we are not sure, whether it can build up enough bearish momentum again or not. If you want to buy, then the next Resistance is pretty near and that's why you don't get a favourable Risk-to-Reward ratio (as we usually do not take long-term trades, our target is mostly the next major S&R). Let's see how it develops ;-)! ---------------- If you have any questions or another Point Of View, feel free to comment! Thanks and successful Trading :-)!
by swissmoneymakers
Week 42: How high can it go?Weekly analysis for ZSX2020 Week 41: 12 to 16 October 2020 This is the second time for ZSX2020 flying into the unknown area. Normally in this scenario, I will long at the RBS area; however, now it's a bit late for that. How high can it go? we do not have the data, again, it's best to wait and see until the price dives below $1,047. This week no trade call, just watched and we can focus on forex or other asset classes. Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite. If you are benefiting from my trade opinion, please buy me coffee. As always, move your SL when you are in the profit zone.
CBOT:ZSX2020
by machintose
Trade Log NIFTY August 26My last two updates August 24 : NIFTY is on it’s way to the upper boundary of the gap -11633. I don't know how fast it can travel, But I expect that target to get achieved in this expiry. If It gets to 11633 in the next two sessions, I plan to take a reversal trade with tight stop loss. Till then, just ride the trend using intraday breakouts. August 25 : For tomorrow, I don't have clear bias. I think there is not going to be a gap up opening tomorrow. NIFTY did 3 consecutive gap ups. Tomorrow, it may be flat to gap down opening. It needs to be seen how the gap gets bought. Intraday, short trade is more probable if there is no large gap down and NIFTY fails to keep opening range. The support is placed at 11400 and 11360. Overall, NIFTY is now very close to filling the gap 11633. It also did not take any meaningful dip towards 11360. ================================================================================================================================================================================ My trades No intraday trades today. My Observations for the day NIFTY gained 0.67%. It closed above psychological resistance of 11500. BANK NIFTY gained 1.39% VIX dropped 0.06% Advance Decline ratio is 31 to 18. Today was the day when Reliance and Bank NIFTY both performed. My view View is not changed. NIFTY is on its way to 11633. There is a possible reversal / dip zone around 11633. But with Reliance and BANK NIFTY both performing, this may be a really brave idea. Overall, intraday opportunity only when NIFTY breaks high and moves further. August 24 Post August 25 Post Weekly view post
NSE:NIFTY
by Observe_Think_Act_Think
1
USDJPY - What is the current Market Situation?Hi Traders! The market is in a (weak) Downtrend. Let's begin with the daily Timeframe: As you can see we here have two main things to consider: 200 EMA The price is moving under the 200 EMA. That means that the average price of 200 days is contantly falling. We should use this information and establish to only take Sell-Trades. Daily Trendline Even the market is falling, it is making higher lows and that's shown by the Trendline. For Longterm Traders: You can get that as an opportunity. When the market breaks below the Trendline, there is no more "strong" Support which can hold the bearish pressure back. That's why it'll fall with more price action. So much for this Timeframe. Here is the next one (H4): Here we drawed an orange box. It is showing the neutral area. The strength of the bulls and the bears is equal. In addition the Daily-Trendline and the H4-Trendline is crossing. Now we move to the last part of this idea. Here is the H1-Trendline: The market is at the moment in the middle of the Neutral Area. Don't forget that we're only looking for Sell Trades. From our Point of View, there isn't an ideal Setup yet. We're waiting for the bearish break of the orange box. A potential Trendline-Break could be one possibility. We hope, you now know in which situation we're here in. We recommend to trade outside the "Neutral Area". Thanks and successful Trading :)!
Short
by swissmoneymakers
Trade Log NIFTY August 21August 20 Trade Log “I have a bearish bias for tomorrow. If not bearish , at least consolidation below 11350. For short 11350 is alert level and then 11370 can be a stop.” My expectation was not correct. NIFTY opened the gap up and traded above 11370 for the day. My Trades No trades for the day today. My Observations for the day NIFTY closed 0.53% up BANK NIFTY closed 1.365%up VIX dropped -3.30% Advance Decline ratio 30 to 20. With today’s move NIFTY is firmly in consolidation. So I assume the range is 11460 - 11300, till it breaks on either side. I’ll do a detailed weekly view post over the weekend.
NSE:NIFTY
by Observe_Think_Act_Think
1
Trade Log NIFTY August 20In my trade logs of August 18 and August 19, I had mentioned why I am not not trading even when NIFTY is making high above 11400 August 18 Post August 19 Post From the post “All indicators are showing high bullishness. But as I said, since we are close to the monthly trend change level, I am being very cautious and not taking sides. What that means, is NIFTY can show extreme spurt which can throw off the traders with limited risk appetite. I’ll trade based on intraday signals.” My Trades No intraday trade. I hold positional short with a stop loss of 11340. My observations for the day NIFTY closed -0.84%. It gaped down and formed a bearish island reversal pattern. BANK NIFTY closed -1.29% VIX gained 3.31% Advance Decline ratio is 15 to 35. Reliance Industries and HDFC twins both down more than a percent. Today, NIFTY formed a bearish pattern from a very important resistance zone. It also broke the trendline from the June start. This was a retest of the previous high zone which failed. Hence I believe this possibly can lead to the weakness in NIFTY for some days. My view for tomorrow I have a bearish bias for tomorrow. If not bearish, at least consolidation below 11350. For short 11350 is alert level and then 11370 can be a stop. Last point One good thing NIFTY is back below 11380, so I can again trade.
NSE:NIFTYShort
by Observe_Think_Act_Think
Trade Log NIFTY August 19In my post of August 18, I explained why I’ll trade lightly in the zone 11380-11630. Please refer to the post. My trades No trades today My observations for the day NIFTY was tightly range bound in 11400 - 11460. It closed 0.20% up. BANK NIFTY closed 0.52% up VIX dropped below 20. It is now at 19.96 Advance Decline is 28 to 22. My view for tomorrow All indicators are showing high bullishness. But as I said, since we are close to the monthly trend change level, I am being very cautious and not taking sides. What that means, is NIFTY can show extreme spurt which can throw off the traders with limited risk appetite. I’ll trade based on intraday signals.
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY August 17In my weekly review (link below) post, I said There are two possibilities for the coming week. Possibility 1: Consolidation in zone 11312 - 11050. This basically means, the move on Friday could not get great follow up selling. Possibility 2: New downswing starts which takes NIFTY below 11000, around 10830 as the first target. This move has to be fast and completed this week to show strength in selling and confirmation of intermediate top. ======================================================================== From today’s price action, it looks like Possibility 1 is likely. My trades today No trades intraday. It did not hit any level prior to 2.30 PM. So I could not trade. My observations for the day NIFTY formed a hammer like candle, closing 0.61% up. BANK NIFTY again mostly flat with gain of 0.10%. VIX dropped little ~ 1.63%. The Advance Decline ratio was good 39 to 11. Reliance Industries and BANK nifty both lagged for the day. Option data showing confirmation of consolidation in the range 11200-11400. My view for tomorrow With today’s price action nothing changed. I need to see a clear signal to change my view, which is currently bearish consolidation. Tomorrow, if NIFTY resumes, the downtrend again back towards the bottom of the range 11110-11140, it will strengthen the view. Any close above 11320, I need to change my side. Weekly Post : August 17 - 21
NSE:NIFTYShort
by Observe_Think_Act_Think
Trade Log NIFTY August 11In my August 10 Trade Log, I had said I expect a positive day tomorrow with the possibility of a new high. NIFTY made a new high and ended positive. ======================================================================= My trades No trades for today. Intraday range was very low. The breakdown of initial range was risky as NIFTY had made new high and my bias was on the upside. My Observations about today’s price action NIFTY closed 0.46% higher. Made 2nd indecision candle in a row. BANKNIFTY closed 1.49% higher. India VIX down 5% Advance Decline ratio 33 to 17 Open interest data for weekly options showing 11200-11400 range. My view for tomorrow If global cues are supportive , then NIFTY may attempt another go towards 11380-11390 zone. I think this level should pose some resistance. With VIX slowing down, intraday range is compressing. I do not have a clear view for tomorrow. One very interesting observation is, both days and week so far has formed dragonfly candles -> open = close (within some points). These candles back to back may be seen as sign of coming climax+exhaustion. So in next one or two days, NIFTY may show large red body candle. August 10 Trade Log
NSE:NIFTY
by Observe_Think_Act_Think
1
Trade Log NIFTY August 7In my post dated August 6, I had said I am again expecting consolidation to a bearish day. As I said, good setup for reversal around 11280-11300. It was a consolidation day. Not bearish. ================================================================================================== My trades. I did not trade today. My Observations NIFTY closed flat 0.12%. Entire day was spent mostly inside 11170 - 11215. BANK NIFTY closed 0.51% VIX lost 2.47% Advance Decline ratio is 32 to 18. Open interest is showing buildup at 11000. Overall, for next week, I think it will be at least a positive start for the week, with possibility of a new high. But I’ll treat this as a retest of intermediate high till there is break 11380 and consolidation above. I’ll write more about this in my weekly review.
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY August 6From my August 5 update, I expected NIFTY has strong resistance at 11228. Any bounce tomorrow upto 11228, excellent shorting opportunity with clear stop. News driven action likely tomorrow. I expect consolidation to bearish movement tomorrow. NIFTY was choppy, but not necessarily bearish. The short from 11228 was a good setup, but too fast to trade as it was a news driven day. ============================================================================================================================ My trades I did not trade today. My observations for the day NIFTY closed above 11200, that is 0.89% up. BANK NIFTY closed 0.62% up. VIX closed 1.77% down Advance Decline ratio is 39 to 11 It was a weekly expiry and overall a choppy day. Overall, it was 3rd up day after 4 consecutive down day. Tomorrow’s price action will be a test if the current bounce is strong enough to start a new swing higher. I’ll look for a short if NIFTY is in the zone 11280-11300 zone. If NIFTY is trying to retest high, then it should not close above the previous swing high that is 11300. This is more positional short. From intra-day view, good opportunity on either side only after crossing one of extremes - 11250 and on downside 11130. My view for tomorrow I am again expecting consolidation to a bearish day. As I said, good setup for reversal around 11280-11300.
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY August 5In my August 4 trade view, I said Considering the momentum NIFTY had on 4 days of downtrend, I treat this bounce as the first bounce, which is likely to fail. But considering the chart of Reliance and BANK NIFTY , I feel there is some more upside up to 100-150 points. For tomorrow, I expect sideways market mostly with touch of 11050 - 11000 area, which should find some buying before NIFTY moves into the second leg of rally towards 11150+ Actually , perfect anticipation for the day. NIFTY showed a surge at the start and did not last. ======================================================================================================================================================================= My trades today No trades. Opening was not in line with expectations and power outage at my office today. My observations for the day NIFTY closed near flat 0.06% up BANK NIFTY closed closed 0.09% up INDIA VIX down 1.04% Advance Decline is on positive side 1191 to 678. 35 to 15 in NIFTY. Hindalco and Tata Steel gained 9% and 6% respectively. 11200 is building strong resistance from the option player’s view. My view for tomorrow NIFTY has strong resistance at 11228. Any bounce tomorrow upto 11228, excellent shorting opportunity with clear stop. News driven action likely tomorrow. I expect consolidation to bearish movement tomorrow.
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY July 23In my yesterdays post (link below), I had said I do not have strong bias on either side. Also it is an expiry day. I’ll watch the first few minutes of action. If there is bearish continuation, then intraday short may be a good idea. Some consolidation structure, possible retest towards 11200 is possible in next 1-2 sessions. Though it looked like a bullish day, because of the context of yesterday, I still consider it as a consolidation day. Retest of 11200 is also done. ==================================================================================================================== My Trades today I could not trade intraday today because of internet issues at my place. My notes for the day NIFTY closed at 10215, 0.74% higher BANK NIFTY closed 0.88% higher VIX dropped around 1% Advance Decline ratio is 37 to 12. For broader market it is 1024 to 822 Option open interest shows 11000-11500 expiry range. My view for tomorrow Considering the recent upmove of 5 days, I think tomorrow NIFTY is likely to consolidate further in the range 11200-10950. I won't go long immediately if 11200 is broken in the early morning or open. Also for any intraday short position, NIFTY has to break 11170. ==================================================================================================================== July 22 Trade Log
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY July 22In my yesterday’s post (Link Below) I had said 1. I’ll be trading with consolidation to bearish bias tomorrow. This view is against the trend but I think 11200-11270 is a good area to start thinking about reversal. 2. I’ll build positional shorts, not aggressively, but with generous time and price stop loss. 3. For tomorrow, if there is a gap up, I think it'll be difficult to sustain the gap especially if it is near 11200. Overall, this expectation was correct. I also entered a positional short for August. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- My trades today. I covered my short taken yesterday. But I did not trade intraday. My observations for the day NIFTY was weak with close -0.27%. BANKNIFTY closed 0.44% up. INDIA VIX closed 1.87% higher. The Advance Decline ratio is 17 to 33, on the weaker side. Option data suggesting the expected range for tomorrow’s expiry in 11000 - 11200. Overall, it was a day of bears. Gap up was sold very quickly in the first few minutes, then retracement and then again fall. But last 30 minutes pullback was strong enough to create doubt about tomorrow’s session My view for tomorrow I do not have strong bias on either side. Also it is an expiry day. I’ll watch the first few minutes of action. If there is bearish continuation, then intraday short may be a good idea. Some consolidation structure, possible retest towards 11200 is possible in next 1-2 sessions. My trade log for July 21
NSE:NIFTY
by Observe_Think_Act_Think
1
Trade Log NIFTY July 16In my July 15 post, I had said Again tomorrow may be a pause ,range bound day with indecision candle. I don't expect it to cross above 10760. The lower bound is again 10560. The other possibility is continuing the trend towards the 10500 level. NIFTY paused and stayed in the large range of 10580-10760. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- My Trades today I did not trade today. My Observations for the day NIFTY formed hammer~doji , indecision candle, since it was an inside day as well. It closed 1.15% higher. BANKNIFTY was in sync with 1.2% gain. VIX was down 3.5%. Advance Decline ratio was neutral - 26 to 24. Open Interest showing the same buildup for the range 10500-10600 to 11000 Not much to conclude today. The larger picture does not change. I’ll trade when NIFTY breaks out of the 10550-10820 range. Some intra day short opportunity only below 10640.
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY July 10In my yesterdays post I had said Even though the chart looks good, I have a bearish bias for tomorrow and Monday. This is mostly because the whipsaw we saw yesterday. If NIFTY manages to close above the new high by Monday, I’ll be wrong again. I’ll not short, but mostly observe if it crosses 10850. I’ll short NIFTY below 10730. Nothing changes in my view and I carry forward my view to Monday. My trades I did not trade today, as none of the levels I was watching were clearly broken. Observations for the day NIFTY sideways for the day, ultimately closed 0.42% down. BANK NIFTY down 2.22%. VIX mildly up 0.12% Advance Decline ratio is 14 to 36, in line with negative closing. Option data tilted for mild bearish bias. Overall, NIFTY did not do badly because of Reliance. BANK NIFTY trend is near bearish, NIFTY sideways for near term. NIFTY’s consolidation can be an intermediate topping pattern or consolidation. It can be confirmed only when NIFTY closes below 10560 levels. I’ll do a detailed post over the weekend on my next week’s view. Have a great weekend ahead! ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- My July 9 Post
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY June 30My yeterdays trading Log Nothing to mention. Consolidation in the range. Neither of the trading range boundaries were broken today. My Trades today I did not trade today. My Observations for the day 1. 4th consolidation candle. NIFTY closed -0.10%. 2. BANKNIFTY closed 0.05%. 3. VIX at 29.12. 4. Advance Decline 20 to 29. 5. FII data turned bearish yesterday. 6. Option data suggesting downward bias. 10000-10400 is the range market players are expecting for this expiry. My view for tomorrow 1. As i have said in my weekly view, I am more on bearish side and I think this consolidation will result in break of 10240. 2. I'll short on break of 10240. My bearish bias is wrong if NIFTY closes above 10420. If NIFTY has strength of its own, today could have been the day when NIFTY climbs and breaks above 10400. It could not. It had similar opportunity on downside on Monday. Overall NIFTY had 3 touchdowns to 10240 level, next touch should probably breakdown. Hence I'm taking that view.
NSE:NIFTYShort
by Observe_Think_Act_Think