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SWING IDEA - AEGIS LOGISTICS Aegis Logistics , with its robust market presence and expertise in logistics and supply chain solutions, presents an attractive opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : Aegis Logistics is exhibiting a classic cup and handle pattern, suggesting a potential bullish continuation. Breakout and Retest : After multiple tests, the stock broke above the crucial 400 level and has now retested it successfully, indicating strong buying interest and potential upward momentum. Bullish Marubozu Candle : A bullish Marubozu candle on the weekly timeframe, engulfing four previous weekly candles, signals strong buying pressure and potential upward momentum. Attempt to Breach All-Time High : Aegis Logistics is attempting to breach its all-time high, indicating strong upward momentum and potential for further gains. 0.5 Fibonacci Support : Finding support at the 0.5 Fibonacci level reinforces the bullish outlook, providing a strong foundation for potential upward movement. Breakout from Consolidation : The stock has broken out from a consolidation phase lasting over three years, suggesting a significant shift in market sentiment and potential for sustained movement. 50 EMA Support : The 50-period Exponential Moving Average (EMA) on the weekly chart acts as reliable support, reinforcing the bullish bias. Increased Volumes : Notable increase in trading volumes reflects heightened market interest and potential accumulation by investors, adding confirmation to the bullish thesis. Target - 520 // 600 Stoploss - weekly close below 380 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
ALong
by Visionary_Growth_Insights
2
EURUSD July 4 analysisEUR/USD surged and rose above 1.0810 to touch its highest since June 12 on Wednesday. The pair remained in consolidation near 1.0800 early Thursday. Disappointing macroeconomic data from the United States triggered a sell-off in the US Dollar (USD) during US trading hours on Wednesday and gave the EUR/USD pair a boost. EUR/USD rose above 1.0800 on Wednesday, where the 100-day and 50-day Simple Moving Averages (SMA) converged, but failed to make a daily close above this level. Once 1.0800 is confirmed as support, technical buyers may remain interested. In this scenario, 1.0840 (23.6% Fibonacci retracement level of the latest uptrend) can be considered as temporary resistance before 1.0900 (psychological level, static level). In case 1.0800 remains resistance, 1.0760 (50% Fibonacci retracement) and 1.0730-1.0740 (61.8% Fibonacci retracement, 20-day SMA) can be considered Support level. Trading signals SELL EURUSD zone 1.08450-1.08650 ↠  Stoploss 1.08800 → Take Profit 1 1.08000 → Take Profit 2 1.07400 BUY EURUSD zone 1.07600-1.07400 ↠  Stoploss 1.07300 → Take Profit 1 1.08000 → Take Profit 2 1.08600
by TVS-Trader
4
Gold has wanted to break the sideways border for many weeks💥Fundamental analysis Gold prices started fresh bids during the European session on Wednesday and look set to continue the previous day's recovery from the 2,319-2,318 support zone. Gold is currently near the top of the short-term trading range that has been in place for the past week or so, . Bets that the US central bank will begin a rate-cutting cycle at its September meeting were reaffirmed by seemingly dovish comments from Federal Reserve Chairman Jerome Powell. . Additionally, concerns about a slowdown in global economic growth, persistent geopolitical tensions along with political instability in the United States and Europe act as drivers for the precious metal. . Gold price upside may be limited as traders may refrain from aggressive bets and want to wait for more signals on the Fed's future policy decisions. focus will remain on the release of FOMC meeting minutes and the US economic calendar - including ADP report and ISM PMI on services, Nonfarm will influence US Dollar price dynamics (USD) in the short term and create new directional momentum for the yellow metal. Overall, it can be seen that the market wants to go up rather than continue falling to 2300, so investors are still waiting for a recovery to buy long-term. 💥Technical analysis Recent range-bound price action points to hesitation among traders about the near-term trajectory. At the trading hour of the European trading session, the price of gold was pushed out of the price range of 2340. The buyers wanted to break the sideway structure of the market. When breaking the structure of 2345, gold soon regained its strength around the old peak of last month at $2,365. Some follow-through buying will allow bulls to reclaim the $2,400 round mark On the upside, the $2,319-2,318 area now appears to have emerged as strong immediate support ahead of the $2,300 mark and the $2,285 horizontal zone. With market sentiment pushing prices up, it is difficult for bears to regain their advantage at hook 2285. Support: 2320 - 2310 -2302 Resistance: 2343 - 2350 -2360 SELL price range 2358 - 2360 stoploss 2363 BUY price range 2310 - 2308 stoploss 2295
OANDA:XAUUSD
by TVS-Trader
Gold weakened at the beginning of the weekGold prices started the new week at a mild level and fluctuated within a range below multi-day peaks. Important US inflation data reaffirms market expectations that the Federal Reserve (Fed) may cut interest rates in September and again in December. This, in turn, will pull the Dollar The US dollar (USD) is off the peak reached last week and this is the main factor acting as support for the commodity. Persistent geopolitical tensions and uncertainty about the final outcome of France's shock election have provided some support for safe-haven Gold prices. Meanwhile, the Fed is expected to cut interest rates only once in 2024, while officials still argue in favor of keeping rates higher for longer. This lifted US Treasury yields to multi-week highs and capped the yellow metal's yield. Gold is still trading between the EMA 34 and EMA 89 of the h4 frame, showing that gold is hesitant around the 2320-2330 border. A sustained strength beyond this narrow price band has the potential to push Gold prices back to the 2344-2345 resistance area, which if overcome, would allow buyers to reclaim the $2,355 break out mark. Momentum could extend further to reclaim the 2400 key mark once last month's peak resistance of 2385 was broken. On the downside, any slippage from the tight range is likely to find some support near 2310. A convincing break below that threshold would be seen as a fresh trigger for bearish traders and pull prices. Gold down to 2295. The round support area of ​​2300 has almost no meaning anymore to support gold price. Support: 2310-2295 Resistance: 2344-2355 Trading signals SELL GOLD 2355-2357 SL 2360 BUY GOLD 2295-2293 SL 2290
OANDA:XAUUSD
by TVS-Trader
Gold prices fluctuate around a two-week peak☘️Fundamental analysis Firm expectations that the Federal Reserve (Fed) will cut interest rates in September, supported by recent weaker US macroeconomic data, dragged the US Dollar (USD) to lows strongest in more than three weeks and is said to be beneficial for the non-yielding yellow metal. Additionally, persistent geopolitical tensions, coupled with political instability in the United States and Europe, turned out to be another factor driving flows into safe-haven commodities. Traders may also refrain from placing aggressive bets and prefer to wait for the release of monthly US employment details. The widely known Nonfarm Payrolls (NFP) report will influence market expectations about the Fed's future policy decisions. ☘️Technical analysis After a strong breakout from the 2340 resistance zone, gold is being supported by buyers. Gold is approaching the next resistance zone around 2365. Some follow-through buy orders above the $2,365 area will reaffirm the prospect of regaining the $2,400 mark. On the other hand, weakness back to the 2340 zone support, could be seen as a buying opportunity. Next is the support level near the $2,319-2,318 area, which if broken decisively could cause the Gold price to weaken further below the $2,310 mark. Support: 2349-2339-2319 Resistance: 2365-2370-2385 SELL 2365-2367 stoploss 2370 SELL 2385-2387 stoploss 2390 BUY 2339-2337 stoploss 2334 BUY 2319-2317 Stoploss 2314
OANDA:XAUUSD
by TVS-Trader
KAVA PRICE ACTION TRADINGToday i will try to explain how to play with Kava in a simple way. - Remember always that in Cryptos are not easy as forex or stocks, because movements are always brutal. - The first step is always to detect the real trendline. - Detect 3 points. Bouncing Points, Rejection Points. - Some traders use only 2 points, but i am old style trader, so i really need 3 Points to Draw the trend. - Remove the abnormality ( FOMO and PANIC ) - Draw your line. - Now you will need to find PRICE ACTION AREAS. - Those areas can be easily detected by the price fluctuating for a long period of time in the same zone. - For KAVA right now we are fluctuating between $0.75-$1.25$ ( Price action zone 2) - Now you can draw your price action lines. --------------------------------------------------------------------------------------------------------------------------------------------------------------- METHOD 1 --------------------------------------------------------------------------------------------------------------------------------------------------------------- - So to enter a position you need to understand that you never know if you are right, or if you are wrong. anyone have a magic ball. - The best way is to NEVER GO ALL IN. - Keep always more juice to rebuy if the market crash. - For exemple, you could try to enter KAVA Market at 0.75$ (invest 25%), in case of DIP to 0.5$ (re-inject 75%) ( this is very important!!) --------------------------------------------------------------------------------------------------------------------------------------------------------------- METHOD 2 --------------------------------------------------------------------------------------------------------------------------------------------------------------- - Simple wait to see if KAVA will break out the Trendline - in that case you will need to wait the price to break out from triangle (Yellow Triangle) - Again never go all in, on a breakout, some breakout could be fakes. - Keep always Juice. --------------------------------------------------------------------------------------------------------------------------------------------------------------- - More you will understand and detect price movements, supports, resistances, breakouts, more you will trade better. - Price action and trendline are the basic of trading. - indicators are complementary. PS : This method can also be applied by Shorting the market. ( just inverse everything ). - Happy Tr4Ding !
KRAKEN:KAVAUSDLong
by thecryer
14
EURUSD analysis week 29 GBPUSD analysis week 29Even as the PCE inflation report hurts the USD, EUR/USD may still struggle to mount a decisive recovery, as investors hold back while waiting for the Euro's expanding strength before the first round of elections in France. EUR/USD turned sideways last week, capping a dismal trading week after there was little reason to push the pair to trade in a downtrend that was the main trend of the pair. Present. German import prices and labor figures generally missed targets, and US Personal Consumption Expenditures (PCE) price index inflation failed to gain significant momentum despite meeting forecasts. . Next week, European inflation figures will hit the market at the start of the week with German Harmonized Consumer Price Index (HICP) figures on Monday, followed by EU-wide HICP inflation on Tuesday. Next week also marks the next release of US Nonfarm Payrolls (NFP) labor data, expected next Friday. Fiber came face-to-face into technical hurdles on Friday, sinking at the 200-hour Exponential Moving Average (EMA) at 1.0715. The pair continues to battle the 1.0700 handle and so far, the bidders have been unable to pattern lower highs in the short term. The EURUSD pair is still struggling with resistance at 1.075 and support at 1.067 As buyers continue to show signs of exhaustion, a break of the 2024 low at 1.0600 becomes increasingly likely. go out. In case EUR/USD falls below the sideways band, 1.0610 could be set as the next downside target. On the positive side, 1.0750 last week's broad band resistance would serve as interim resistance before 1 ,0800. Support: 1,067-1,061 Resistance: 1,075 - 1,080 BUY EURUSD zone 1.061-1.059 SL 1.057 SELL EURUSD zone 1.079 - 1.081 SL 1.083
by TVS-Trader
2
SWING IDEA - ACCACC has recently emerged as a focal point of interest, presenting a promising buying opportunity when analyzed through the lens of technical indicators. Reasons are listed below : The 2080 levels underwent multiple tests before the price eventually broke through. Currently, the price is in the process of retesting those levels. A bullish marubozu candle is formed on daily timeframe. 0.382 Fibonacci support. Broke strong consolidation of 308 days. The stock price is above 50EMA and 200EMA i.e the trend is intact. Target - 2397 // 2635 // 2777 StopLoss - Daily close below 1970
NSE:ACCLong
by Visionary_Growth_Insights
GBPUSD - Strong Rally Above 1.2675The GBPUSD has traded above the Weekly Key Price of 1.2675, establishing an uptrend in the 15-minute timeframe. Although the weekly, daily, 4-hour, and 1-hour timeframes are bearish, we focus on trading what we observe in the current timeframe. With the price trading above 1.2675 and a bullish wave structure, our action is to either buy or remain on the sidelines as long as the price stays above this key level. Buy Entry: 1.2385 Technical Stop Loss: 1.2665 Key Level Stop: Below 1.2675 Always think in probabilities.
Long
by Charts247TradingAcademy
3
Gold accumulates narrow margin waiting Nonfarm and new Data✨Fundamental analysis: Gold prices attracted some buyers after a pullback to 2319, starting a new week amid bets on a September interest rate cut by the Federal Reserve (Fed). Expectations were reaffirmed by data showing the U.S. manufacturing sector contracted for a third straight month in June and the prices factories pay for inputs fell to their lowest level in a decade. six months. This suggests that inflation is subsiding, which should allow the US central bank to begin lowering borrowing costs. China's economic troubles, persistent geopolitical tensions and political turmoil in the United States and Europe have provided some support for the safe-haven precious metal. The solid recovery in the US Dollar (USD) from multi-day lows has capped any further gains in Gold prices. Benchmark 10-year government bond yields rose to their highest level in a month, seen as a driving force for the USD. Traders are adding signals about the Fed's policy path before placing clear directional bets. Therefore, the focus remains on Fed Chairman Jerome Powell's speech later today and the FOMC meeting minutes on Wednesday. ✨Technical analysis Gold prices have so far been struggling to overcome the crucial resistance level of 2,340. The said barrier is currently anchored near the 2,338-2,340 zone and will act as an important pivotal point. A sustained strength above this level would pave the way for a move towards the next relevant hurdle at 2355-2368. On the downside, weakness below the $2,319-2,318 zone, or the overnight swing low, could find some support near the $2,300 mark ahead of the $2,285 horizontal zone. ✨Support: 2321-2310-2300-2289 ✨Resistance: 2333-2340-2355-2368 SELL GOLD 2340-2342 SL 2345 SELL GOLD 2355-2357 SL 2360 BUY GOLD 2310-2308 SL 2305 BUY GOLD 2300-2298 SL 2295
OANDA:XAUUSD
by TVS-Trader
Comprehensive GBPUSD Analysis Ahead of UK General ElectionThis is a comprehensive analysis of the GBPUSD ahead of the UK General Election scheduled for Thursday, 4th July 2024. The chart has been marked to highlight key levels (Decision-Making Points) on the weekly, daily, and H4 timeframes. Below is a summary based on the price analysis: Weekly: Strong Bearish The wave structure on the weekly chart indicates a bearish expectation. Daily: Bearish Wave Structure The daily chart shows a second bearish wave structure with a lower low. H4: Bearish Wave Structure with Pullback The H4 chart has completed a bearish wave structure and shows a valid pullback. H1: Bearish Momentum This morning, a momentum low was made, and the current pullback aligns with the second bearish wave structure.
by Charts247TradingAcademy
UPL :: Turning around to (Agrow)Chemical Stock? - It's been decades we have seen that AgriCulture is contributing almost about 18-20% in India's GDP growth yet this sector remains to be more politically inclined to their specific actions during major elections. - GDP contribution by Top 3 sectors: Agriculture: 18.4% Industry: 28.3% Services: 53.3% - NSE:UPL is one of the top 5 global providers of total agricultural solutions with a footprint in 138+ countries. Going by the current situation we see the following observations - 1) Script is trading at a Money-based range dating back to the pandemic lows after hitting 52W Lows due to global headwinds. 2) After a stellar doubler move from Dec'20 to May'21 the script delivered almost more than 100% return to its investors and eventually we see a exhaustion after an eventual double top like pattern with a neckline candle marked in a red zone. 3) Interestingly, you see a SWAP LEVEL marked to denote the beautiful Yearly Low of 2021 being protected for next 2yrs and finally breaks down nearing ending of 2022 while being in a range of 200p within the red zone and swap level for that existing period. 4) While, we talked about price action in the previous point we missed out the lethal info being nudged in by our FUNDFLUX tool which showed consistent outflow of money in first 2Q's of 2022 before it out the swap level in Q3 of 2022. 5) What happens next will make you understand why we call the marked blue dotted line as the "Swap level" as after the breakdown we see a retest of the same level now turning out to be a resistance for script and eventually the Yearly Pivot Level of 2024 . 6) Now, currently the script trades in a good money-based range eventually dodging out YL4 breakdown and here the risk seems to be minimum as per the return is concerned as after 510-520 the script will be ripped for 640-650 initial target making a return of 30-35% in cash from entry being in the marked money-based green range and it can be in news in this quarter as elections are nearing and as said in the beginning - "AgriCulture" will be on one of the top agendas of the political parties and alongside if we see a relief from destocking and price revisions in the West after the much anticipated rate cuts then it will be an icing on the cake for the script as margins will improve in the coming quarterly results and lastly monsoon season is about to begin in India in a month and till now SKYMET expects Monsoon to be 'normal' in India. A RELEVANT ARTICLE - www.livemint.com
NSE:UPL
by PivotMinati
1
SWING IDEA - FINOLEX INDUSTRIESWith a rich legacy and a strong foothold in the industrial sector, Finolex Industries emerges as an intriguing candidate for swing traders seeking opportunities in the market. Reasons are listed below : Breakthrough Attempt: After multiple tests, the stock is attempting to break through the critical 240 level, signaling a potential bullish breakout. Bullish Marubozu Candle: A bullish Marubozu candle on the weekly timeframe signifies strong buying pressure and potential upward momentum. Candlestick Engulfing Pattern: This week's candle has engulfed the previous eight weekly candles, indicating a significant shift in market sentiment towards bullishness. 50 EMA Support: The 50-period Exponential Moving Average (EMA) on the weekly chart acts as reliable support, reinforcing the bullish bias. 0.618 Fibonacci Support: Finding support at the 0.618 Fibonacci level strengthens the bullish case, suggesting a solid foundation for potential upward movement. Constant Higher Highs: The stock has consistently formed higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains. Target - 300 // 325 Stoploss - weekly close below 203 Disclaimer : Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:FINPIPELong
by Visionary_Growth_Insights
SWING IDEA - INTELLECT DESIGN ARENA Intellect Design Arena , a leading financial technology company, presents a potential swing trading opportunity based on several technical indicators. Reasons are listed below: Breakthrough and Retest of Resistance Zone (850-880) : The 850-880 range was a significant resistance zone. The price has broken through this level and is now retesting it, indicating a potential continuation of the upward trend. Bullish Hammer on Weekly Timeframe : The recent formation of a bullish hammer candle on the weekly chart suggests a potential reversal from the downtrend, indicating strong buying pressure at lower levels. 0.382 Fibonacci Support : The price is finding support at the 0.382 Fibonacci retracement level, a key support zone that suggests the potential for a bounce and continuation of the uptrend. 50 EMA Support on Weekly Timeframe : The stock is trading around the 50-week exponential moving average, providing strong support and indicating a positive long-term trend. Higher Highs Formation : The stock has been consistently making higher highs, indicating a sustained uptrend and ongoing bullish sentiment. Gradual Increase in Volumes : There is a noticeable gradual increase in trading volumes, which often confirms the strength of the price move and indicates growing investor interest. Target - 1100 // 1200 Stoploss - weekly close below 835 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:INTELLECTLong
by Visionary_Growth_Insights
The chart is a battleground, revealing who got crushed!In the early days of exchange trading, there was no technical possibility to visualize market quote movements, and traders analyzed ticker tapes. The real hype and massive interest in exchange speculation owe it to the technical possibility of displaying exchange information in the form of charts with ticks, bars, candles, and other more exotic ways of displaying price movements (Renko, Kagi). This led to a rapid growth of various schools of technical and graphical analysis. Just Google it, and you'll be overwhelmed by the sheer amount of info out there. It's like, every chart can be interpreted in a million ways, and three analysts will give you four different opinions on the same chart. It's crazy! But after 15+ years of trading, I've come to realize that the essence of graphical analysis is all about finding the "suffering" market participants. Classic patterns make it easy to spot areas of market activity and where traders are piling in. I'll give you some examples, backed by data from open sources, that'll show you just how predictable retail traders can be. Now, I know some experienced traders might say, "Patterns don't work, and this knowledge isn't enough." But I call BS - patterns do work, and the real question is who's extracting the most value from them? Of course, interpreting market patterns is just one piece of the puzzle. Here's an analogy: think of experienced hunters preparing for a hunt. They don't just wander around looking for prey; they identify the habitats, study the location, and track the animal's migration paths. They have a plan, limited time, and the right gear to get the job done. It's the same with pro traders with really big money. They plan and execute their strategy, using the behavior of less-informed participants in certain "hotspots" that attract retail traders like magnets. It's simple: a a newbie sees a market situation that looks just like one from a technical analysis book, and they're like, "Ah, I've got this!" Alright, let's take a look at the current situation with the Euro. I've got a screenshot with the average long and short positions of retail traders marked on the chart. It's a 1-hour time frame, which is probably the most popular one, right? Think about it, why is this time frame so popular? The data is from an open source, as of Friday evening. Take a minute to study this chart. What catches your eye? Let's zoom in and add some lines and arrows. Voilà! What do we see? The average long and short positions of participants (from the open source) almost perfectly match the breakouts of local highs and lows. This is what's called "trading the breakout" in the books. We can make an intermediate conclusion: the "bulls" were encouraged to open positions and got stuck in a losing zone, while the "bears" are celebrating their victory, as the market is favoring them and they're in a small profit. In other words, the market sentiment is bearish. Woohoo, case closed, let's go to short the Euro now! And yes, and no! The Euro quotes have been below the average short position of traders since June 14th, for two whole weeks, inviting everyone to start shorting. Even a blind "bull" can see it's time to switch sides). Here are some more numbers from the open source: short positions on the Euro decreased by 11.55% last week , while bearish positions grew by 8.55% . These are broker-aggregated data, no insider info here. You can find them yourself if you put in some time and effort. These numbers, as you understand, confirm our hypothesis that this "shorting invitation" didn't go unnoticed. Now, in the context of this article, think about it: "Will the 'Hunters' take advantage of this situation?" Or will the market take us all for a profitable ride? Oh boy... Let's look at the current situation with the Yen. It's a 1-hour chart with opened buys and sell levels marked. What can we conclude: a massive bearish candle clearly encouraged a lot of short positions to open, while the "bulls" opened at the upper range boundary during its test, and the market is favoring them, while the bears are suffering. But what's even more important, they're not just suffering, but also reversing the market. According to open data, the number of open short positions grew by 14.09% last week . Good luck to them in this tough business! However we should remember that short positions are closed at a stop-loss by "market buy" orders, which gives an impulse for further growth. What do I want to convey with this article, what do I want to share with you, mates? Evaluate market sentiment through the prism of "suffering" participants - that's, in my opinion, the best indicator! Usefully utilize information from open sources about retail positioning, there's a lot of value in it. Try to look at the chart with the eyes of a "hunter", search for traps set. Make such analysis a necessary part of your strategy to gain an edge, without which trading on markets is like playing "roulette". It's a journey, folks. Some get it earlier, some later, but eventually, most traders come to realize they need to "dig deeper", learn more about market mechanics, and improve their strategies. It's a painful process, but it's worth it. So, don't give up! Get back on your feet, and try again. As 50 Cent said: Get rich or die trying!
Education
by ClashChartsTeam