Priceactionanalysis
eurgbp demand zone,no bostook a chance on this setup
basically there was no bos
price was bearish ,am expecting a corection to the upside
15min liquidity grab setup eurchfeurchf 15min liquidity grab setup
multiple rejection to go to the upside
SWING IDEA - VEDANTAVedanta Limited , a leading natural resources company in India, is presenting a strong swing trade setup, supported by key technical signals.
Reasons are listed below :
500 Level Breakout Attempt : After multiple tests, the price is attempting to break out from a crucial level following a tight consolidation near its all-time high.
14+ Year Consolidation Break : The stock is on the verge of breaking a consolidation zone that has persisted for over 14 years, signaling a significant long-term trend change.
Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe underscores robust buying interest.
EMA Support : Price action is trading decisively above the 50 and 200 EMA, indicating sustained bullish momentum.
All-Time High Breakout : The stock is poised to surpass its all-time high made in 2010, signaling potential for further upside.
Target - 580 // 675
Stoploss - weekly close below 425
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Breakout Alert: High-Potential Long Trade Setup in IXIGOIt highlights a descending channel pattern in IXIGO, a common technical analysis formation where price moves between two parallel trendlines sloping downwards.
Key Points:
Resistance (Red Line):
The upper trendline acts as a resistance level where the price faces selling pressure.
It has been tested multiple times, confirming its validity.
Support (Green Line):
The lower trendline serves as a support level where the price typically finds buying interest.
This line also has multiple touchpoints, validating its significance.
Breakout Attempt:
The latest candle shows a strong upward move (+8.87%), attempting to break out of the resistance zone.
Such a breakout might signal a potential trend reversal if it sustains above the channel.
Trading Strategy:
Bullish Case:
If the price sustains above the resistance trendline with good volume, it could indicate the start of an uptrend. Targets can be set using Fibonacci retracement or previous swing highs.
Risk Management:
Place stop-loss below the breakout candle for long positions.
Adjust the stop loss upward as the price progresses to secure profits
11.12.24 Morning ForecastPairs on Watch -
FX:CADJPY
FX:GBPAUD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
#NIFTY Intraday Support and Resistance Levels - 11/12/2024NIFTY will open flat or slightly gap up in today's session. After opening expected upside rally towards the 24750 level and this rally can be extend further for 200+ points in case nifty starts trading above 24800 level. Downside possible if nifty starts trading below 24450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(11/12/2024)Today will be flat opening expected in banknifty. After opening if banknifty sustain above 53550 level then possible upside rally upto 53950 level in today's session and this rally can be extend for further 400-500+ points in case banknifty gives breakout of 54050 level. Any major downside only expected if banknifty starts trading below 53450 level.
$APT 1D | HTF w/ Market Structure notesI am following this chart and took some notes on the market structure of Aptos which is very useful for the future price action. As long as we defend the swing low, " S-LOW " the price tends to go to the higher levels.
Happy Trading
10.12.24 Morning ForecastPairs on Watch -
FX:EURNZD
FX:USDJPY
FX:GBPAUD
FX:NZDJPY
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
#NIFTY Intraday Support and Resistance Levels - 10/12/2024Gap up opening possible in nifty. Currently nifty trading in the consolidation zone of 24550-24750 level. Any major direction rally only expected if it gives breakout of this zone. Strong bullish rally expected if nifty starts trading and sustain above 24800 level. This bullish rally can goes upto the 25000 level after breakout.
[INTRADAY] #BANKNIFTY PE & CE Levels(10/12/2024)Today will be slightly gap up opening expected in banknifty. After opening bullish rally expected if banknifty starts trading and sustain above the 53550 level. This rally can be goes upto the 53950 level. Downside 53050 level will act as an important support for today's session. Any major downside only expected below this support zone.
XAUUSD sellXAUUSD sell. the price is right now in a price action zone and in a 4 h fib. we closed a 4h rejection candle and went down. i have a bigger stop loss for this position because the price could retrace a little. there is also a head and shoulders improved setup. happy trading
$104K and Counting: Can Bitcoin Sustain Its Momentum?COINBASE:BTCUSD - Daily
Current Price: 97,520
Executive Summary:
Is Bitcoin Set for a Correction After Hitting $104,000?
Bitcoin has hit significant milestones, with two of our predicted targets—$90,000 and $100,000—successfully achieved, delivering a remarkable gain of 46.44% and 3,307,221 pips. After climbing to $104,000, Bitcoin entered extreme overbought territory across daily, weekly, and monthly charts, signaling exhaustion. With the formation of an ascending channel and overbought signals, a potential correction could be on the horizon. Here’s what to expect next.
Analysis:
In our earlier analysis, we predicted key price targets of $90K, $100K, and $110K. Bitcoin successfully hit $90K and $100K, eventually climbing to $104K—a remarkable gain of 46.44% and 3,307,221 pips. However, this rally propelled Bitcoin into extreme overbought territory across multiple timeframes, signaling a potential need for correction.
On November 6, Bitcoin broke out of a falling wedge/handle pattern, driving the price to $104K. Since November 12, it has been ascending within a channel—a formation that often precedes a downward correction. Coupled with extreme overbought conditions on daily, weekly, and monthly charts, Bitcoin now shows clear signs of buyer exhaustion.
Potential Correction Level:
Fibonacci Retracement (50%): $85,327.80
Key Levels to Watch:
• Extreme Overbought: $112,500
• Overbought Resistance: $106,250
• Ultimate Resistance: $100,000
• Major Support: $75,000
Thank you for taking the time to read this analysis. Wishing you great success in your trading journey! Always prioritise proper risk management to achieve sustainable growth in the markets. Good luck with your trades!
US NAS 100 / US TECH 100 - SHORTQuick trade on the basis of just price action.
You don't need any indicators. Only clean chart with levels.
It doesn't work every time, but works most of the time
09.12.24 Morning ForecastPairs on Watch -
FX:GBPUSD
FX:EURUSD
FX:AUDNZD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
EURUSD - LongNothing but pure price action. Clean charts are the best charts.
Only thing you need are levels.
#NIFTY Intraday Support and Resistance Levels - 09/12/2024Gap up opening expected in nifty above 24750 level. After opening if nifty starts trading above 24800 level then possible strong upside rally in nifty upto 25000 level in today's session. 24550 to 24750 range is consolidation zone for nifty any major downside only expected below 24500 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(09/12/2024)Today will be slightly gap up opening expected in banknifty. After opening if banknifty sustain above 53550 level then possible upside rally upto 53950 level and this bullish rally can be extend for further 400-500+ points in case banknifty starts trading above 54050 level. Any major downside rally only expected below 53450 level.
Bitcoin is not looking that well... check out this last candlesBitcoin has indeed broken out of the ascending wedge as we had analyzed; however, I’m quite concerned about the very prominent indecision candle that formed during the breakout. This has me a bit worried.
If we look at the last two days, they’ve also been indecisive candles. This doesn’t necessarily mean that a Bitcoin correction is imminent, but if the price starts losing momentum after several days of sideways movement with wick-heavy candles, it doesn’t paint a very positive picture for the days ahead.
Anything can happen—Bitcoin’s volatility is very high, and the crypto market is currently very bullish. For now, it’s just a matter of waiting to see Bitcoin’s next move and how it reacts.
Best regards!
