RELIANCE IS ABOUT TO GIVE A BO Keep an eye on this stock it is trading at a major resistance level; expecting a BO here, after that one can be a Swing/ Short term trade.
Shortterm
InvestMate|EUR/USD Euro is growing in strength💶EUR/USD Euro is growing in strength
💶The euro is showing signs of strength in the current week. Is a correction in the downtrend getting ready?
💶Looking at the Unemployment rate in the Eurozone, it stands at 6.6%, the lowest on record.
💶Inflation is already close to 10% and on the 31st when there will be a flash year-on-year reading it is forecast to be 10.1%
💶Interest rates have been raised by 75 basis points and the market is betting on another 75 point hike to 2%. The decision will be made on Thursday 27 October.
💶The consumer sentiment index, which is off its lowest levels in years, has started to slowly rise and the market expects the positive trend to continue in the coming months. There will be another reading on 28 October.
💶💵Overseas, a very different situation.
💵Unemployment rate at low levels of 3.5%
I💵nflation has already been falling since June and the market assumes that the next reading on 10 November will maintain the downward trend
💵Interest rates are already at 3.25% and the market assumes another 75 point hike to 4%. The decision will take place on 2 November.
💵Consumer sentiment scored its bottom in June and we have been on an upward trend since that month.
💵Looking at the situation in the US with falling inflation further interest rate rises may not be so necessary anymore, looking at how strong the dollar is, I think the euro has more upside potential in the next months.
💵Moving to the chart
📈We can see that we have been in a downtrend since 7 January 2021
📈We are currently struggling at parity level and I think there is a good chance of defending it and breaking out on the upside.
📈Is there a chance to pass the range of the biggest correction in the downtrend, by measuring we come out with a target at the level of 1.01
📈This also coincides beautifully with the measurement of the last upward wave and forms a cluster with the previous measurement of the correction of 1:1
📈Since 28 September we have made a bottom and started a trend reversal. After making wave 1 and wave 2 it was time for wave 3.
📈By taking a position at this point and placing a stop under today's candle we arrive at a risk-reward ratio of 1.1
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Bear trend with a Gap in the last sectionInteresting situation, the stock price is in a bear trend, the price reaches a lower level of the area of attention between the level price 411.15 and 453.29. Leaving a big gap between the close price of the day before. Statistically, the gap price is usually covered in the next sections. the trend looks very symmetrical and looks following the moving average of the 50 periods using it as a support. Let's see in the coming weeks.
NZDUSD H1Hi traders, NZDUSD is setting up for a short term upside move i am expecting from price to come around our mentioned pattern completion area and looking price action on the bottom for a long position opportunity.
Trade with your own according strategy GOOD LUCK.
BTC long to range highs #BTCHi everyone!
Possible short term bitcoin long scenarios before FOMC meeting.
-Bull divergence on RSI
-Broke downtrend line (2 rounded bottom retest)
-Acceptance above range POC
-Clear invalidation level
GL & HF
XAUUSD ON FLAG PATTERN?Still aiming for sell direction for GOLD as price creating possible flag pattern for sell direction.
Trade at your own risk! ~Junn
Australian Dollar / New Zealand DollarHello Traders Good Day Ahead !
Australian Dollar / New Zealand Dollar analysis for short term entry
Price is moving around 1.10700 which is entry point
Target is to take Profit is 1.1.1.0300
Good Luck
AXIS BANK LOOKS GOOD FOR SHORT TERM.Axis bank looks good for short term, earnings came up with +ve also it has given a strong BO. from cmp we can aim for two targets.
Quick Gains on BTC Next MoveThis is a short-term trade.
After the blow-off of BTC on Sunday, there was a quick sell-off taking liquidity at 19101 making that point a valid low in the short term. Today BTC broke the Sunday high, 19425 continuing to the upside. I am taking a quick scalp expecting BTC to attempt and take liquidity at 19240 before continuing to rise to 20K. Let me know your thoughts in the comment.
See what might happen if BTC touches 20K again
Daily review of BTC interval 1H short-termHello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving in the downtrend channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 18,975, if the support breaks down, the next support is $ 18,926, $ 18,879 and $ 18,804.
Now let's move from the resistance line as you can see the first resistance is $ 19,006, if you can break it the next resistance will be $ 19,074, $ 19,126 and $ 19,178.
Looking at the CHOP indicator, we can see that we still have a lot of energy in the 1-hour interval, and the MACD indicator shows a local downward trend.
AAL - Short term flag play! Quick Post tonight!
Covering the Technicals of AAL ~ American Airlines!
Sadly this company does Report Earnings tomorrow, so that could screw with out Technical Analysis on this Chart, so I am keeping this short as Fundamentals will take presence!
We are seeing a clear flag being printed on the Daily Chart here, and A clear bounce off the support band. Looking here for a simple continuation upwards toward the upper trendline from the flag. The Candle made today is neutral, so we are looking for a jump in the coming days for a short term move up.
Momentum is in Bulls Favor (Daily, and Weekly)
It looks like a possible easy move up to resistance that could pay well.
Also, a break thru could be explosive.
Pros :
Predictable Chart here
Everything almost in favor
Con :
Daily Candle
Earnings tomorrow 9/20
EURCAD Local Short - Don't Miss It!!!Welcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
1150 (ALINMA BANK)Price Moving within Symmetrical Triangle
Short trade:
Buy @current level ()
SL mentioned
TP @ top of trianlge
Watch for Breakout of Triangle
Aggressive Entry @Breakout Level
Conservative Entry after Retest, formation of HL
Long term TPs are mentioned
Ride the trend with trailing stop loss
BAKE Buy Setup - Short-term on Strong TrendlineEven though the market hopes for recovery after a long bearish spell, Bitcoin's technicals do not show rallying signals just yet. Therefore, I think we should look for short-term opportunities in altcoins that are not high-cap and have not had a push up wave in the past few days.
Entry for BAKE: $0.2268
SL: 0.2216
________________________
If this is your first time coming to my idea, thank you very much for taking the time to pay attention to it. My opinions are all subjective and personal. It might be right, or wrong, but there is one thing I can guarantee you will never go wrong - always set the SL for each entry before setting the TP for it.
Don't forget to Follow, and comment your thoughts below, or simply a Boost button if you found it helpful. That encourages me a lot to share my ideas!
#Hikal# HIKAL
CMP 339
Buy above 358
Swing trade
Keep for 6-20% returns
Part booking always suggested at 5-6% returns
Bitcoin to 26-28kHello everyone,
Looking at the btc chart and the macro environment we are currently in, I predict a btc pump towards 27k.
Yes I am still bearish in the mid term but bullish in the short, the following are my reasons.
1. Btc selling pressure is losing steam,
2. The DXY is losing steam and
3. Stocks are expected to pump this final quarter due to the release of quarterly report numbers.
Therefor I expect btc to make a push to the downward trendline from 69k (as seen on log scale).
This also coincides with the golden pocket of fibonacci and a heavy resistance zone previously set on btc.
Happy longing!:)
WIPRO ANALYSIS!!, 50 MOVING AVERAGE!!WPRO has given a bas returns this year, its quartly results also gave a negative affect on its stock prices. but this are all short term, things.
this stock has pastly given great returns(look at the past trend i have drawn, the returns are approx.. 45% in a year).
long term things are the moving averages, stock is in tis 50 moving average, as shown in its chart. good stock to buy now.
#ATULAUTO CMP - 279.25 | Entry levels 265-70 | Breakout with good volume on daily chart | New 52 week high
Tracking for short term
*Not recommendation
C98 Small Bull Run Following BTCHello, I am Tommy.
If this is your first time coming to my idea, thank you very much for taking the time to pay attention to it. My opinions are all subjective and personal. It might be right, or wrong, but there is one thing I can guarantee you will never go wrong - always set the SL for each entry before setting the TP for it.
_______________________________
Current Situation:
- Tokenomics: docs.coin98.com
- Current Marketcap: $74M
- Launchpad on Binance
C98 has entered the monthly private token payment cycle (last month). However, according to Smart Money tracking on Nansen, after the first month of private token release, most of the private tokens belong to whale wallets and have deep connection with the Founder team.
Founders come from Vietnam and are building a pretty quality product ecosystem. Price has just create a 2022-low, however I expect a small bull run for BTC after the release of PPI and CPI data this month. Therefore, C98 will also have a small bull run according to BTC. After creating 2022-low there was a pretty good buying force right after, creating a V-shape, showing a high probability that this is a pull-up / accumulation area at short-term bottom.
Spot Trading is recommended for Target X5 -> X10
Lo opala rg long side LO-opala rg Ltd
Looks ready for breakout minor hurdle at 400
Above 400
Tgt 440 /480
Sl 358
Ask your financial advisor before taking any action based on my view
Only for educational purposes
GGAL - Nice PUT buy Track AheadGGAL SHORT
GGAL seems to be going downtrend and Analysis and Technical indicates Short.
Let's see, the targets are set for short term. We consider to short, go PUT buyer that time.
See you the other side
Kind Regards
Short closed at interesting levelDue to the volatility, I decided to close the position and take the profit at home.
The price reaches a level that is very interesting and it seems to be using it as support, let's if the price will break to create a new trend and go up or continue the downtrend.
My vison is still short, but...
KAVAUSDT Daily Chart Analysis I am sure you might of heard about the Mainnet launch set to take place in the coming days (12 October 2022 if not mistaken). With this said, there is a high probability we can expect bullish price action on KAVA in the coming days regardless of the bearish sentiment in the market in the coming days.
So i will be looking to buy KAVA by the $1.51 daily Bullish Orderblock. Targeting the Liquidity Void above current price. Should price reach $2, I will be taking full profit (if there is any partials left to take).
With this said, Happy Trading Pals
