DOLLAR INDEX (DXY) Time to Fall! 💵
Dollar index broke and closed below a support line of a major rising parallel channel on a daily.
Retesting the broken support the price formed a head and shoulders pattern.
Its neckline violation confirms a coming bearish rally.
Targets:
94.9
94.66
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Priceactiontrading
USDCAD, Daily TF, buy on supportTrade ideas for USDCAD
Price now found support at MA-200. This is also near 61.8 fibonacci retracement of recent upwards movement.
I think we will see further upside on this pair as all pairs are weakening against USD. Only CAD lagging behind it.
Buy USDCAD 1.2520
Stop loss 1.2450
Take profit 1.3000 (6.8R)
Use only 1-2% risk
Good luck
Disclaimer ON
SYNGENE is about the break the trend line.NSE:SYNGENE
The video is self-explanatory. Add this stock to your watchlist.
Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
SUMICHEM is about the break the trend line.NSE:SUMICHEM
The video is self-explanatory. Add this stock to your watchlist.
Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
longA trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contraction.And A Super Trend is a trend following indicator similar to moving averages. It is plotted on price and the current trend can simply be determined by its placement vis-a-vis price. It is a very simple indicator and is constructed with the help of just two parameters- period and multiplier.
HFCL LTD 1D Time Frame Here's the chart analysis of HFCL .
HFCL in an uptrend and it formed a Triangle Pattern breakout with a Good Volume support . In terms of the the pattern touches the Resistance zone and now gives a Breakout . after a breakout wait for a next move and price moves towards a upside .
AUDJPY : 4H ANLYSIS 💰
FX:AUDJPY
As you can see, everything on the chart makes sense, every move makes sense.
As we can see, the price is in the descending channel and we've just created a new LL,
which means we can expect a pullback that will allow us to make a new LH after what
I expect that price will follow descending structure and make new LL.
If you find this helpful please hit like and follow.
Ethereum breaks Weekly Pivot Point. Can we long it?The ETH / USDT price stopped rising at the important Pivot Point Weekly level.
The level has been broken and now is being tested. If resistance becomes support, then we have a free path to the daily trend line and possibly further to a fair price (Point Of Control).
Entering the trade is needed to confirm all the factors of our Price Action Strategy.
Happy trading, Alex_UCT
EURCHF: Bearish Wave is Coming?! 🇪🇺🇨🇭
EURCHF is trading in a sharp bearish trend.
The price nicely retraced to a key weekly structure resistance.
On that, a classic bearish accumulation pattern was formed.
I believe it's time to sell the pair.
Goal - 1.0452
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ETH/USDT finally in UP TREND now.I found today's setup on the ETH / USDT pair, where an uptrend has finally formed and therefore we have a chance to look for a suitable place to enter the Long position.
The current price is under Point Of Control, which is the current fair price, so we have another reason why the price could go up.
We are always looking for a suitable place to enter on a lower time frame and we enter based on the conditions of our Price Action Trading Strategy.
Have a nice day and Happy trading, Alex_UCT
MAKRO | Downtrend Price Rejection | Entry Position & TargetMAKRO | Thailand SET Index | Commerce Sector | Price Action Trading
Chart Pattern: Three Drive Falling Wedge Pattern
Price Action: Downtrend price rejection candles
Indicators:
> Multiple banker smart money signals
> Banker chip entry signal
> BBD Banker bullish divergent crossing up 0 baseline
> Fund flow bullish reversal with bottom signal
> KDJ Sto turning bullish
Risk ratio: 3:1 with 5-7% stop-loss below entry zone
Always respect your stop-loss
Good Luck
HOW-TO: FibDev Indicator and the Newest UpdatesWe previously published a HOW-TO on using this indicator, but since then the UI and the automated signals have changed noticeably. We STRONGLY recommend reading the first HOW-TO for this indicator as the core concepts are still the same (outside of the signals).
UI Updates:
We now hide the supply or demand zones if they aren't applicable to the current price action. If the price is in the neutral zone, there is no current target zone so both supply and demand are hidden. If price has broken out to the upside, we display the target supply zones at this time and vice versa for the downside, we display the demand zones. The way these zones are calculated is still the same, they are built using daily values and do not change through out the day (regardless of if/when they are displayed on the chart).
Automated Signals:
This is the biggest change, we are no longer generating automated signals based on possible reversal points of oversold and overbought price areas. This strategy can still be used, but there will be no signals created is all.
Instead, the signals are now generated when the price leaves the neutral zone and track momentum vs searching for trend reversals as before. When the price breaks through the neutral zone to the upside a Bullish Break Over signal is now printed implying that we see bullish momentum to the upside. The supply zones will display and now we are tracking the upside move with the indicator. The opposite for the downside break, Bearish Break Under signal and demand zones displayed for tracking the momentum to the downside.
Conclusion:
The indicator is now tracking momentum vs reversals, but using a combination of the Intraday Clouds and Neutral/Supply/Demand zones you can still use this for reversal setups.
Thank you!
Great Blue Trading Team
NEWGEN SOFTWARE - BuyHigh Probability Trade Setup
Buy NEWGEN Software above 620.
Risky traders can even buy around 600-610 range.
Stock looks good for mid-term.
Above 645, stock can blast and we can see 700++ levels as well. Refer chart for in detailed levels.
There is a gap created from 664 to 645, high probability of gap getting filled in coming week.
Good Volumes seen on the chart on Friday. Stock has retraced from 50%. High chances of 700 levels in coming days.
TRC | Bull Trap Beware | Anti Shark Bearish Harmonic | DowntrendTRC | Thailand SET Index | Construction Sector | Chart Pattern Trading
Chart Pattern: Anti Shark Harmonic Bearish Pattern - Bull Trap
Price Action: Short Entry @ low breakout recommendation - Target Downtrend at the Shark tail
Good Luck
DP
ONEE | Bearish Anti Shark Harmonic | Bull Trap | Entry@Pullback?ONEE | Thailand SET Index | Media Sector | Price Action & Chart Pattern Trading
Chart Pattern: Anti Shark Bearish Harmonic
Price Action: Short Entry @ Breakout avoid Bull Trap and could be entry @ pullback position for speculative buy
Indicator:
> RSI down dead cross MA line still on high bullish side above 50.
> MACD remains upside above baseline 0
Stop-loss @ Shark’s tail position - target at shark’s head until further new pattern changes
Trade with affordable risk ratio 3:1
Always respect your stoploss
Good Luck
DP
FOREX: NZDCHF - M pattern and our Limit OrderWe are waiting for a confluence of two factors where the S/R zone breaks around the location of the current trend line.
Our limit order is set at 0.62499
This whole idea is supported by the M pattern, where there is a price return to the Neck line.
M pattenr is seen in a higher time frame (W1), which gives us an even greater probability of success.
Happy trading, Alex_UCT
USOIL 76.02 +0.06% SHORT IDEA * REVERSAL & PRICE ACTIONHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON OIL .
* The ENERGY is range bound within support and resistance structure of an descending channel .
- long term the metal is currently completing a possible H&S formation on the D,W & M chart.
- Looking for shorts on the ENERGY this week
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE