BUY EUR/JPYbuy 162.5
- dominan break
- harga at extreme area
- target bos
- bullish enquilfing at h4
Priceactionanalysis
#NIFTY Intraday Support and Resistance Levels - 01/01/2025Flat or slightly gap up opening expected in nifty. For today's session 23800 level will be the upside resistance for the nifty. Any major bullish rally only expected above this level. Downside 23550-23600 zone works as a support for today's session. Any major downside expected below this support zone. Between the 23550-23800 level consolidation movements possible in index.
[INTRADAY] #BANKNIFTY PE & CE Levels(01/01/2025)Today will be flat opening expected in banknifty. Currently index trading in consolidation zone of 50550- 50950 level. Any major directional rally only expected after breakout of this zone. Bullish rally expected above 51050 level. Similarly strong downside movement expected below 50450 level.
#NIFTY Intraday Support and Resistance Levels - 31/12/2024Flat opening expected in nifty. After opening if it's sustain above 23600 level then possible upside movement in starting session. Upside 23800 level will act a strong resistance for today's session. Major downside in nifty expected if it's gives breakdown of 23500 level. This downside rally can goes upto 23250 level in today's session.
[INTRADAY] #BANKNIFTY PE & CE Levels(31/12/2024)Today will be flat opening expected in banknifty. After opening expected downside movement upto 50550 level if banknifty trading below the 50950 level. This downside can be extend for further 400-500+ points if banknifty gives breakdown of 50450 zone. Any upside movement only expected in case it starts trading and sustain above 51050 level.
#NIFTY Intraday Support and Resistance Levels - 30/12/2024Slightly gap up opening expected in nifty. After opening if nifty sustain above the 23850 level then expected upside rally upto the 24000+ level in today's session. Major downside expected if nifty not sustain above levels and starts trading below the 23800. This downside can goes upto the 23650 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(30/12/2024)Today will be gap up opening expected in banknifty. Still banknifty consolidating in the range of 51050-51450 level. Strong upside rally expected if banknifty starts trading and sustain above the 51550 level. This bullish rally goes upto the 51950+ level in today's session.
Gold Price Action Final Analysis of the Year:
As I wrap up my analysis for the year, here’s my take on the gold market. Gold initially made a Rally-Base-Rally (RBR) move 📈 but failed to create a new rally, shifting into a Rally-Base-Drop (RBD) pattern. This has transitioned into a Drop-Base-Drop (DBD) phase 📉, indicating a high probability that gold will drop further from the current base zone (entry point).
Always remember to manage your risk ⚖️ carefully.
Wishing you all the best in your trading and a Happy New Year! 🎉
DEVYANINSE:DEVYANI
Note :
1. One should go long with a Stop Loss, below the Trendline or the Previous Swing Low.
2. Risk :Reward ratio should be minimum 1:2.
3. Plan your trade as per the Money Mangement and Risk Appetite.
Disclamier : You are responsible for your profits and loss.
The idea shared here is purely for Educational purpose.
Follow back, for more ideas and their notifications on your email.
Support and Like incase the idea works for you.
GREAVESCOTNSE:GREAVESCOT
Note :
1. One should go long with a Stop Loss, below the Trendline or the Previous Swing Low.
2. Risk :Reward ratio should be minimum 1:2.
3. Plan your trade as per the Money Mangement and Risk Appetite.
Disclamier : You are responsible for your profits and loss.
The idea shared here is purely for Educational purpose.
Follow back, for more ideas and their notifications on your email.
Support and Like incase the idea works for you.
ORDI 1D | Plan If the price reclaims the blue box first, it can target the range EQ and then the red box above.
BAJAJ FINSERV LTDIn the **weekly time frame**, a **symmetrical triangle pattern** that formed since September 2021 had a successful breakout in August 2024. However, shortly after the breakout, the stock price declined due to the lack of support from the **NIFTY index movement**.
Looking at the chart, it’s clear that the **₹1550 price range** acts as a strong **demand zone**, and the **trendline support** (TL) is also nearby. Buying in this range would have a very minimal **stop-loss risk**. There’s a good chance the price could reach its **previous all-time high (ATH)** again.
Bitcoin Santa rally' buyers step in to drive BTC price to $98K
Bitcoin Santa rally' buyers step in to drive BTC price to FWB:98K and Open Entry Trade.
Bitcoin (BTC) passed $98,000 after the Dec. 24 Wall Street open as "large spot buyers" lifted deflated BTC price action.The latest data from monitoring resource CoinGlass put 24-hour BTC short liquidations at nearly $40 million at the time of writing, with the cross-crypto total at $150 million.
"Nice strength in bitcoin today," fellow analytics account Bitcoindata21 continued alongside a chart showing necessary volume-weight average price (VWAP) levels to reclaim next. Santa rally talk returns as BTC price gains $5,000 Data from Cointelegraph Markets Pro and TradingView showed BTCUSD hitting new local highs of $98,020 on Bitstamp.
Up by more than 3% on the day, Bitcoin attracted fresh bids after a shaky start to the week saw a retest of December lows."Yesterday, Bitcoin showed some signs of a relief rally after which price was rejected to almost new lows. Today, Bitcoin is rebounding yet again and once again into the old support," he wrote. "Overall, as long as the previously lost supports turn into new resistance additional downside should be expected. Conversely, a reclaim of these previously lost supports would obviously be bullish."
#BTC☀ #BTCNextMove #BinanceAlphaAlert #BTC🔥🔥🔥🔥🔥 #SUBROOFFICIAL
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
#NIFTY Intraday Support and Resistance Levels - 27/12/2024Gap up opening expected in nifty above the 23850 level. After opening if it's sustain above this level then expected movement upto 24000 level. 23700-23850 levels are the consolidation zone for nifty. Any major downside expected below the 23700 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(27/12/2024)Today will be gap up opening expected in banknifty. Possible banknifty will open near 51500 level. After opening if banknifty starts trading and sustain above 51550 level then expected further bullish rally upto 51950+ level in opening session. Below 51450 downside movement expected upto 400-500 points. 51050 level act as a strong support for the today's session. Any major downside expected below the 50950 level.
MERRY CHRISTMAS AND A HAPPY NEW YEAR TO ALL MY SPYLOVERS !!!Two weeks ago, I projected some very common behaviors that candles exhibit after a long rally. If you compare the two types of candles I marked on the left-hand side, notice how candle models "A" and "B" have very different body structures. Candles "A" have a more volumetric medium-sized body, which indicates strength. However, we are not exempt from their natural pullback, which, to complete one trend cycle, broke the structure itself upward.
Candles "B" are smaller than Candles "A," allowing us to distinguish the significant weakness in the uptrend. The price starts to lose momentum, and consequently, we can expect it to take a pause before falling.
After projecting the two scenarios where SPY was positioned two weeks ago, we were able to predict both future movements correctly:
When the price reached historical highs, it paused or consolidated, showing descending candles (see the magenta arrow). Later, a volumetric candle confirmed the drop.
Within the two scenarios, I marked two possible levels where the price would fall. The rebound occurred correctly at the second level, a historical resting zone where the price has been since October.
This analysis is entirely based on price action and historical zones. It's essential to stay alert to institutional and liquidity zones to ensure the most accurate analysis possible.
Now we are in the final week of the year, and historically, markets tend to react bullishly. But the question is: Will it be different this time?
In my opinion: I believe the price can reach new historical highs, as it is demonstrating with strong bullish pressure candles.
At this moment, I think we are at a good support level located at the previous resistance of our entire bullish channel. I believe the price will re-enter the channel and resume the sequence it has been following within the overall bullish structure.
This concludes my analysis of SPY for now. Let's see what the next few days bring as we continue monitoring the market.
If you'd like to see this analysis in English, follow me on TradingView under the username: rockermike111.
Wishing you an excellent 2025 filled with great news and continued growth in your market studies! May your learning progress year after year!
Sending you a big hug and wishing you a Happy 2025!
TRADE SAFE!
$APT 1D | HTF (Update)Everything that I have mentioned in the previous post is still valid/applies. As long as we defend the swing low (“S-LOW”), the price tends to move to higher levels. It can either be an SFP or a breaker , both of which are confirmed.
Happy trading
Reversal Trading Strategy Using GOLDEN RSI Divergence Indicator Overview
Reversal trading strategies capitalize on identifying turning points in the market where a potential reversal from a downtrend to an uptrend, or vice versa, occurs. In this post, I will introduce a strategy based on divergence patterns spotted with a custom RSI (Relative Strength Index) indicator.
This method enhances traditional RSI analysis by making divergence detection clearer and actionable. By combining it with a strong understanding of price action, traders can gain an edge in timing market reversals effectively.
Key Features of This Strategy
Divergence Analysis: The core of this strategy is to identify bullish or bearish divergences between the RSI and price action.
Custom RSI Indicator: The custom RSI indicator simplifies divergence detection by highlighting critical levels and marking divergence points directly on the chart.
Confluence with Price Action: Reversals are validated using trendlines, support/resistance zones, and candlestick patterns.
Chart Example: S&P 500 Index
In the attached chart:
Bullish Divergence:
The price made lower lows, while the RSI made higher lows (indicated by green arrows).
This divergence signaled weakening bearish momentum and potential reversal.
Entry Point:
A clear breakout above the trendline validated the reversal.
Enter long positions near this breakout level.
Stop Loss:
Place the stop loss just below the recent swing low.
Target Profit:
Aim for the next major resistance zone or use a fixed risk-reward ratio (e.g., 1:2 or 1:3).
How to Spot Divergence
Bullish Divergence:
Price forms lower lows.
RSI forms higher lows.
This indicates waning bearish pressure and a potential upward reversal.
Bearish Divergence:
Price forms higher highs.
RSI forms lower highs.
This suggests weakening bullish pressure and a possible downward reversal.
Why This Strategy Works
Strength of RSI Divergence
RSI divergence reflects the loss of momentum in the current trend. By detecting it early, traders can position themselves ahead of major reversals.
Combining Confluence Factors
The success rate of this strategy increases when RSI divergence aligns with other technical factors like:
Horizontal support or resistance levels.
Trendline breaks.
Volume spikes.
Practical Tips for Using This Strategy
Use Multiple Timeframes: Confirm divergence signals on higher timeframes for stronger setups.
Avoid Overtrading: Only act on clear and validated divergence setups to minimize false signals.
Risk Management: Never risk more than 1-2% of your trading capital on a single trade.
Conclusion
This custom RSI-based divergence strategy is a powerful tool to identify high-probability reversal setups. When combined with proper risk management and confluence analysis, it can significantly improve trading outcomes.
Start experimenting with this strategy on your demo account and refine your approach before deploying it in live markets. If you have questions or want to discuss this further, feel free to comment below!
#NIFTY Intraday Support and Resistance Levels - 26/12/2024Gap up opening expected in nifty near the 23800 level. Currently nifty trading in between the consolidation zone of 23700-23850 level. Any major directional rally only expected after breakout of this zone. Strong downside movement expected if nifty starts trading below 23700 level. Upside movement possible if nifty starts trading and sustain above the 23850 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(26/12/2024)Today will be slightly gap up opening expected in banknifty. Expected opening near 51450 level. After opening it will face resistance at this level and expected downside from this level. Strong upside rally only expected if banknifty starts trading and sustain above 51550 level. Also, Major downside expected below 50950 level. Currently banknifty trading in between the zone of 51050-51450 level. Any major directional rally only expected after breakout this zone.
