Shorttermtrade
Short-term technical upward move likelyThis is a short-term trade. On the technical side, we've got the following things that make a bullish move more likely:
According to seasonality, in the last 15 years, only in one year went the price down within the timespan from the 7th of May until the 23rd of June. So, it's a bullish time for this stock according to seasonality.
The prior inverse H/S pattern got broken; the price went up, came down, and tested precisely the neckline yesterday.
A clear hammer candle formed yesterday.
VEDANTA - upside breakoutVedanta forms a Bullish triangle kind off pattern and if the pattern completes in the next few days we could probably see the levels of 400 in this counter, however 385.90 remains a previous demand zone.
So I have paced a buy call above 373.20 for a Target of 421 with a stop of 334.10.
Look out for good volume size of more than 16.00M
As per NSE we had volumes of 18,39,66,001 today.
BTC/USDT forming a flag patternBTC/USDT forming a flag pattern in the small time frame. If it breaks upwards we could see a bullish move to 45k or 48k.
Again BTC has been very unpredictable so if it breaks downwards we will see a retest at 40.5k or 39.6k or below. But the perfect opportunity for scalping (Long/Short)
This is not financial advice and please DYOR. So be cautious on high leverage.
Bitcoin will close to the week at $34500 - $35000 Bitcoin started the 9 Jul with an Abnormal Pin Bar . At the same time, that candle has returned from a strong key level and a trend 1 support. Also the volume approves of the return too.
I think the overall situation isn't very heartwarming, but it will go green for bitcoin this weekend. and It’s going to start next week in the $34500 - $35000 range.
Indicators used:
- Volume (20)
- Abnormal Pin Bar (2, 4.5, 2)
- Trend Key Points (10, 3, 1, 0, 2, right, 10)
ADAUSDT short term then long until 2 USDThere is a possibility in couple of hours that it will go down by a bit to 1.60~1.65 then people will start buying in again since it will be a good opportunity. The buy back can continue till 2 USD.
Some will be cashing in at 2 USD, which will pull back the price.
After 2 USD we will have to see what will happen. However, I can see that everyone seems to be bullish.
AMD has underperformed peers but not for much longerAMD seems to be the contrarian play in the semiconductor field right now so I'm going to go ahead and suggest starting a position at these levels around $90 a share. It has been outperformed by its peers to a great degree recently for no apparent reason. I assume profit-taking attributed to taking it down from nearly $100 a share.
Buy under $93.
Sell half at $110.
It will retest the $100 level, breakthrough, and hit resistance at about the $110 level from profit takers. Slight chance it has more legs than that but I'd say $110 is a fair price target for this stock.
The SMH is up 11% in the last month and a half and AMD is down nearly a percent. Easy 10% return on this trade if not 20% if it hits my estimated price target.
EURCHF BUY Position in 240M hi
we believe there is a buy opportunity as we see a Crab Pattern in the chart and divergence signals us.
it is a short term trade for those, who are filling it is a buy, we have 2 target points.
please write your opinions on it in the comment section...
GBPAUD - Perfect confluence - up we go!As you can see from the chart we have taken a nice buy position on this pair. We have the bearish trend which has been respected for some time now on the higher timeframes. This broke out and it was a matter of time before we saw some action to get involved in the next trade. We can see on the lower 1hr timeframe we have created a nice little bullish trend which matches perfectly to a good level of structure and the 50% fib. So, we have 3 confluences, 3rd touch trendline, good level of structure and also the fib. All of these lead us to believe the market should see a nice upward momentum.
Please drop your thoughts and comments below :)
Any questions don't hesitate to ask.
AMARA RAJA A GOOD INVESTMENT FOR NEXT 10 TO 20 YEARS THIS IS WEEKLY CHART ANALYSISI TRADE ONLY AFTER CONFIRMATIONS
USDCAD just here to flexin' a winning tradeI first saw a priceline that market's been reacting to over and over again. This time, it seemed to act as a support line.
However, when I got in, I was lucky enough to already see that market grabbed liquidity from SL of trades going to against the support.
So, what time was it, guys? It's my time to win some pips of course.
When trying to move my TP, I saw an upper area of liquidity.
Price also reacted to that level several times, and I hoped to see that it happened again, and it did.
There was also a higher TP that I was considering, but after seeing the Area of Liquidity, I closed my trade as soon as price reached that level.
Made literally 69.420 pips on this currency today, guys.
Happy trading!
BTC/USD Short SetupHere a new short setup
Possible Entry 9320ish and 9480ish, SL 9550ish, T1 9250 T2 9000
Still sticking to my bearish view on the BTC/USD market, I'm doubting BTC could reach any new higher high, and starting from June till now BTC/USD is forming a lower higher pattern.
And from my last post, I see that the strength from the bull is weak compare to the bear, hence I'll update any short setup for BTC/USD if there is a chance.
I wish to get suggestion on Alts coins for making a trade set up just like this. Just mention it on the comment section and I'll do analysis on it ASAP.
And remember always take the trade with proper risk management.
Cheers!!
EURUSD Bear going to catch and eat a Bull fish tonight..!!??We already know Brexit deal has somehow affected EURUSD upward bullish momentum which was good enough earlier days before the vote in the UK but not it's not the same as it was in back days. Talking about volatility EURUSD has an average of just 9.4 pip per hour comparing to GBPUSD it has around 26.6pips within an hour which is quite a great amount of volatility rather then EURUSD. Today but it's a special day for European currency as we all know there is rate decision which is yet to see.
On the subject of ECB easing, we’ll actually hear straight from the central bankers themselves later on in the trading session. No actual interest rate changes are expected this time since the ECB already made its move in the September statement. However, today's manufacturing and services PMIs show poor outlook. This could tone down speculations that the ECB is bound to step up its easing efforts anytime soon.
Also keep in mind that this will be the last ECB meeting for Mario Draghi, as he is due to step down from his post and turn over the position to Christine Lagarde. With that, most of the market focus could be on the presser that follows the announcement as Draghi would likely be quizzed on what he is foreseeing for future policy. Aside from that, Draghi might also be asked to share his thoughts on the dissent in the ECB, particularly when it came.
This is only an idea, a fact but not a guarantee trade advice. If you think this idea gonna work somehow then better to check once by self and risk on your own pure judgment and not by just some random post which you read around. Not only mine but others post too. In the end, it's our money and our own decision so must be taken as reference purpose mostly! At end, I will like to say either this idea works fine or not it's not my priority for posting this idea but the aim of this post is to let all my fellow traders know what's coming next!! Be prepared and have safe trading ahead all. If you like this report give a thumps up as your support! ;)
How to Trade the SPX in October 2019Look for the SPX to trade rangebound between 2960 and 2880 for 2 to 3 weeks, followed by a significant move either to the upside or downside.
Its too early to tell which way the move will resolve, so be watching closely. My bias is towards the downside, specifically towards the trend-line at 2790, but considering the amount of liquidity the Fed has already pumped into the market, I would not be surprised to see the S&P shoot higher.