Shorterm
Easy and Understandable Trade Setup on USDJPY!LH - 106.895 (bearish below this level) and continue T1 106.240 & T2-105.755
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Narrow range for traders on daily chart :
Traders, can trade both side and take profit until no-major change in volume and price.
Up-side breakout above 107.075
Weekly chart:
Falling wave(downtrend) inner side of the parallel channel:
Potential Trend ChangeAfter 1.5 days of trending downwards within our parallel channel, we finally start to see the price slow down near our 0.618 Fibonacci retracement level where we might consider opening a long position. My bullish bias will be confirmed if we manage to finally see a solid break and close above our channel as seen on the chart.
Manually executed long with a 60 PIP stop loss and a solid 1:3 RR ratio until TP.
This is NOT a financial advice, trade at your own risk.
ITC SHORTMY analysis of ITC
INSTRUMENT: ITC
: Futures and options
TIMEFRAME: DAY
VIEW TYPE: TECHNICAL
PSAR: BEARISH
STOCHASTICS: BEARISH
TREND: BEARISH
CMP: 186.35
SELL BELOW: 180.50
SL: 193
TARGET 01: 167
TARGET 02: 160
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
Trade with the TrendThis is a follow up on my previous post. We managed to break below our support from the wedge consolidation on the 15m timeframe and currently we find ourselves in a parallel downward channel. The fundamentals helped push the price lower in a short period of time as the indexes opened really low on the US session, and as we all know, for the past month or so, Bitcoin has been really correlated with their movements. As for the technicals, we just bounced off the lower descending trendline and we would like to see the price go further up to retest another potential higher low of the descending trendline as illustrated on the chart.
This is NOT a financial advice, trade at your own risk!
EURAUD (SHORT TERM SCALP)Looking at the break of the channel in order to scalp the market and maybe get a few pips from the move. Will use 1.64060 as my trailing stop and will follow this trade very closely as i have 3 levels here i will move stops and try and secure profits according to my strategy. This is very short term so far. Until i get more information from the markets, I will not try and hold this trade.
Watching these levels
1.63564
1.63154
1.62699