Don't get easily fooled by the positive news for metal stocks post budget, here is the weekly chart of Nifty metal! Sideways action since the initiation of the index! Now if you are good at catching tops n and bottoms of the market you can go ahead and trade it, but even Hedge fund managers have a tough time doing this so good luck 😉
I am right about the DXY. Now price is the still between the previous high and dynamic low zone. Likely, the NFP data released next Friday will give Dollar index a push, until then price may still go sideways.
The telecommunication and graphics-processor could be the huge winner of 5G and Nvidia is the expert of it. So I believe in this company. After a matured sideways consolidation which is getting narrow, I expect to see a break to the direction of the dominant trend. This forecast was created to support you, but you have to make your trading decisions...
Hello traders and investors! Let’s see how Tesla is doing today! First, it is trading near a support level, the 21 ema, which is holding the price quite well. If TSLA loses the 21 ema then it would seek lower support levels, like the red line at $ 521, or the black line at $ 641, but since the trend is bullish, we can’t count too much on that scenario. The odds...
If the current candle closes the way it is, there is a potential shorting opportunity for traders who are bearish on UK Pound. Let's see how the candle form up at 1800hr(+8GMT)
A buying opportunity on USDCAD presents itself as a sideway bounce setup. Trade has engaged.
GBP/AUD🇬🇧🇦🇺 has formed the Symmetrical Wedge pattern. Recently , the price has moving within the sideway channel and we just can see that the bounce from support was followed by the bounce from the bottom trendline. The midline is crossed and the ROT is indicating - to + swing , so we can expect the rise up to the resistance area. If you like the idea PLEASE...
Hello traders and investors! Let’s do a complete Multiple Time Frame Analysis (MTFA) on NIO today, looking at 3 different time frames. First, NIO is trading under the resistance at the green line $ 49.36, and above the 21 ema, this means that NIO is inside a Trap Zone . It could breakout to any direction, but since the trend is bullish, the odds favor the...
Hello traders and investors! Let’s see how Tesla is doing today! Let's do a Multi Time Frame Analysis (MTFA) and study some scenarios to work with from now on. We have a bull trend in the hourly chart, as it is doing higher highs / higher lows , but it just hit an important resistance level, the pink line at $ 442.50. As evidenced by the pink arrows, it worked...
Looking for breakout setups out this funk we are in for this pair. Bears are looking for a break below 104.00 but we may be seeing the start of another bull leg in this unending USDJPY trading range. Let's see if market could forge out a break in either direction. For the bullish scenario, I'm watching levels marked by green boxes which are confluence resistance...
Waiting for a retest of the trendline to look for buying opportunity.
Breakaway Gap. Down trendline break Sideways 62 - 67 Stock trade: Entry 64 Stop 61.5 Target 72; reward:risk=3:1 Option trade: Sell put below the support price Close this position before 10/22/2020 Earning. I am not a PRO trader. I need few months to practice trading strategies. If you like this idea, please use SIM/Demo account to try it, until my trading...
this is trade 188 frm haidojo trading... as I have anticipated earlier, fkli-oct has broken abv the tight range level and now retesting 1515 resistance... if price is rejected at 1515, then short...if it goes higher then long and target at 1540... higher-resistance : 1557-1570 ( bearish bat and gartley patterns) resistance : 1540 immediate resistance :...
Traders can employ the straddle strategy to trade between the high and low of the market price within the grey box, my view on this is the market is more bearish than bullish. I will have a conservative target place on the other end and target2 will be beyond the grey box.
the detail is shown on the above Idea. in the previous Idea, I expected that oil had a sideways trend and now this trend Continues to Break Wedge.
this is haidojo and the number is 172... after some bearish-engulfing pattern in candlesticks yesterday dan a fall close to 70pts. Today, fcpo-dec resumes its fall to close to 2900... however, it is still indecisive whether the market has reversed its trend or juz a mere correction after hitting a major resistance region of 3100-3130...the support of 2800 must be...
the detail is shown on the above Idea. Sideway UK Trend Likely Will Continue.