EURCAD is retesting a recently broken key horizontal structure.
The price formed a tiny cup & handle formation on a broken resistance.
The pair will most likely resume growth now.
Goals: 1.488 / 1.492
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USDCAD is trading in a falling parallel channel on an hourly time frame.
I also spotted a descending triangle formation within.
The violation of a horizontal neckline of a triangle is a strong intraday bearish confirmation.
The price will most likely keep falling.
Goals: 1.3630 / 1.3615
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AUDCAD nicely respected a 4h confluence zone
based on a horizontal intraday support and 0.5 retracement of the last bullish impulse.
The price formed a double bottom formation on an hourly time frame
and broke its neckline to the upside.
We can expect a bullish continuation now.
Goals: 0.888 / 0.890
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Daily/4h/1h time frames analysis.
Price action.
Important key levels.
Potentials scenarios.
Trading plan explained.
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NZDUSD is trading in a long term bearish trend.
After a consolidating within a wide horizontal range on a daily,
the price violated its support.
We see a positive bearish reaction to that after its retest.
I believe that the pair will go lower.
Next support: 0.576
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NZDJPY is taking off from a solid rising trend line on a daily.
Testing that on a 4h time frame, the price formed a double bottom with a higher low.
Its neckline has just been broken.
I expect a further growth to 0.8715
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On the today's live stream, we discussed AUDCHF.
The market is trading in a long term bearish trend.
In the middle of August, the market started a correctional movement
within a bearish flag pattern.
After the price reached the confluence zone between a horizontal resistance
and a falling trend line, the market dropped and violated a support line of the...
Hello Dear friends
The price chart on the daily time is below a downward trend line and so far this trend line has been preserved.
The indicator from RSI has issued a negative divergence on the four-hour time frame.
And as we can see, the resistance areas are not fully consumed. But we lost support areas in almost every corrective move.
Currently, it seems that...
OANDA:NATGASUSD
Hello Traders,
Here is my Daily timeframe price action analysis.
After reaching a 12 year high in October 2021 of 6.409 , the price trended downwards to the current yearly low and key level of 3.6 , which was respected multiple times throughout 2021.
We see a turn around in the daily trend at the key level of 3.6 and have been trending...
Banknifty Key Levels and Zones for Intraday
38500 levels in Banknifty future is a key support zone for today and might see high volatility near this zone.
Wait for break and retest the zone to enter into a trade.
RBI policy and expiry day may take SL easily. So, take care of your position sizing.
Missed out on the daily time frame sharp entry.
Waited for price action to do its thing, as you can see price made a Lower low which is a sign of weakness (part wyckoff distribution schematic) which tells us that price will move to the upside in search of liquidity prior to fall to the downside.
let's catch it. Tayor.
Confluence reasons
Bearish divergence : The move of the bearish divergence is having a support on $370-$375 USDT .... which its strength is reducing
Fibonacci Retracement : In the 0% to 100% fibonacci retracement, 50% has been done, which then follows by this little current retracement, which is having $370-$375 USDT as support as well...
So, it's...
Red lines are resistance area and Green lines are support area.
On Monday, if BankNifty breaks the green trendline, then it may fall further. So, in case it breaks Green trendline then wait for it to retest the Green trendline to enter into a short trade in future or short BankNifty ATM Call option.
On the other hand, if it breaks red trendline then wait for it...
TataMotors is strongly bullish and ready for a breakout.
I am planning to add some shares of TataMotors to my portfolio.
Entry Criteria:
Long Only- TataMotors looks strong above 361 with an initial Stop Loss at 251 for a target of 600
However, I will book partial profit near short term resistance levels @ 432, 485,550, and final 600
Risk:Reward ratio is more than 1:2
![BANKNIFTY1!: BankNifty Key Levels and Zones For Intraday [10 Feb 22]](https://s3.tradingview.com/s/SKhaXd7C_mid.png "BankNifty Key Levels and Zones For Intraday [10 Feb 22]")
![BANKNIFTY: BankNifty Support and Resistance [28 Jun 2021]](https://s3.tradingview.com/s/SqF5RUjr_mid.png "BankNifty Support and Resistance [28 Jun 2021]")
![TATAMOTORS: [TataMotors]: Set for Breakout and Likely to Hit All Time High](https://s3.tradingview.com/h/HjISsyrf_mid.png "[TataMotors]: Set for Breakout and Likely to Hit All Time High")