Infosys going back to 1200?INFY has been in a bearish structure on the daily chart since March 23. It had gapped down to 1190 levels in April after a bad surprise in results. It has pulled back to the 1280 area which is the base of the gap. If selling pressure continues, a short position could be considered keeping the following levels in mind:
SHORT BELOW: 1254.25
STOP LOSS: 1279
TARGET 1: 1229.50
TARGET 2: 1204.75
Please do wait for at least a 15 min candle close below the "SHORT BELOW" level before initiating the trade.
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Shorttrade
BTCUSDT Short 15 / 5 Minutes Scalping LevelsSince bitcoins is intend to get range bound and several times we are not able to identify it move for those times we can do some good quick scalping. As a trader everyone love to capture big move, however, what if there is no big move? Then lets capture small moves multiple times and reap the benefits of one big move.
Short-Term Technical Analysis:(GOOGL) for the Next Few Weeks!In this trading idea, we delve into the current state of Google (GOOGL) and explore the indications of an overbought condition. With a careful examination of technical indicators, it becomes apparent that a sell-off may be imminent in the near term. The analysis suggests the possibility of Google entering a range-bound phase or even experiencing a continued downward trend. Traders and investors should pay close attention to key support levels as the stock navigates through the next zone, as they may provide valuable insights for potential entry or exit points
EURCAD I Pullback and more downside Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUD/JPY Short PositionHere is my analysis for a potential short position I have taken on AUD/JPY.
The original analysis was spotted on the M15 chart showing a large RSI divergence, However the main analysis was done on H1 graph.
My Reasoning for this short is:
- Large RSI divergence on both M15 and H1 graph.
- Large Supply zone hit where a lot of retracements have been before.
- Strong start rejection in resistance zone.
- MACD crossover forming.
- Lower volume on MACD too.
I believe this will be a larger swing position with 2 positions personally taken both risking 1% combined.
Position 1:
Entry - 91.135
TP - 90.112
SL - 91.650
Position 2:
Entry - 91.134
TP - 89.735
SL - 91.854
Both positions holding a 2.00 roughly RR ratio with risking 1% of capital combined.
$CVNA-Regular Divergence Indicates Potential Bearish OpportunityCarvana ( NYSE:CVNA ), the innovative online used car retailer, has recently shown signs of a regular bearish divergence on its chart, indicating a potential reversal in its current trend. With an identified entry, stop loss, and take profit points, we could be looking at a shorting opportunity here.
Technical Indicators:
The regular bearish divergence, circled in yellow on the chart, suggests a weakening in the current uptrend. This pattern is often a sign of a potential upcoming bearish phase, making it an opportunity for short sellers.
Trade Setup:
Here's a potential trading setup based on the current technical indicators:
- Entry Price: 12.56
- Stop Loss: 13.70
- Take Profit 1: 10.77
- Take Profit 2: 9.13
This setup offers a good risk to reward ratio. The stop loss is set above the recent swing high, limiting potential losses if the price unexpectedly rises. The two take profit points allow for managing the trade more efficiently, taking some profit at the first target and letting the rest run if the price continues to move favorably.
Options Play:
For those interested in options, a Put option expiring on May 19th with a strike price of $10 could be a potential play. This would gain value if NYSE:CVNA stock price decreases, aligning with the bearish divergence.
NYSE:CVNA current technical setup suggests a potential bearish opportunity. However, as always, it's essential to manage risk effectively and ensure the trade aligns with your overall trading strategy.
*Note: This analysis is for informational purposes only. Always do your own research and consult with a professional advisor before making investment decisions.*
Short GBPAUD on UK Weakness & Hawkish RBAThe GBPAUD is clearly showing weakness in its daily chart and a turn in its weekly chart. The fundamental reason for this weakness is clear: the UK continues to be weak generally despite slightly better PMI readings this week. More importantly, the RBA is of the view that inflation continues to be too high in Australia and isn't afraid to continue to raise further from the current 3.85%.
USDCHF ShortA little different then my normal trend and momentum trades. For this trade, I am using some fibs, point of interest and a break of the 1 hour swing point. We had a good push that broke the previous 1 hour swing point, it created a point of interest on the buy candle just before the break of the at structure. Created a zone on the buy candle before the break of structure. That zone also is correlating with the .50/.618 fib level from current level and the top of this bearish run. If we keep pushing lower then this idea will have to be reevaluated.