Swingtrade
EURUSD: Your Trading Plan For Next Week Explained 🇪🇺🇺🇸
EURUSD is trading in a long-term bearish trend.
After the price set a new lower low at the beginning of October,
the market started a correctional movement within a bearish flag pattern.
Closely monitor a support of the flag next week,
its violation - a daily candle close below, will be a strong bearish signal.
A bearish continuation will be anticipated then to 1.051 / 1.047
❤️Please, support my work with like, thank you!❤️
USDJPY Ahead of Powell Speech 🇺🇸🇯🇵
USDJPY is trading within an ascending triangle formation on a daily.
Taking into consideration that the market is trading in a bullish trend,
probabilities will be high that we will see one more bullish wave.
Your confirmation will be a bullish breakout of the horizontal resistance of a triangle -
daily candle close above 150.15.
A bullish movement will be anticipated to 150.5 level then.
Alternatively, a bearish breakout of the trend line of a triangle will be a strong bearish signal.
❤️Please, support my work with like, thank you!❤️
Bullish potential detected for BOTFollowing a few stocks in the ASX of particular interest, BOT represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position. I'll cover this more in the upcoming weekly video, however as can be seen in the chart, the stock price is currently testing prior resistance (now support) of $0.14 and thus far intraday is also achieving good support from the $0.14/$0.145 level, aligning with technical indicators of RSI and DMI. Personal stop loss for the trade would be the low of the recent gap-down on 26-Sep (i.e.: below the low of $0.115).
Why I'm Going Long on ShopifyOn the weekly timeframe for NYSE:SHOP , I noticed four things immediately:
- A candle close above the bullish flag forming, indicator bullish momentum.
- NYSE:SHOP recently created swing highs at $53.70 and then broke it and bounced perfectly off of it showing that $53.70 is a KEY level.
- When price bounced off of $53.70, it was also at the 5 SMA, adding more confluence to my trade
- Lastly, I saw a divergence on the volume indicator, which is always a good sign of confluence for my trades.
Given these four reasons, I am bullish on NYSE:SHOP as of now.
Stop Loss / Take Profits
Stop loss:
The stop loss of this trade is set at $55.42, which is the most recent low.
Take Profits:
All of these take profits are set at levels that I felt were phycological levels.
My plan would be to scale out half of my position at TP1, 1/2 of the remaining position at TP2, and fully out at TP3
If TP3 is hit, this will be a 1:1.44 R:R trade.
Let me know what you think of this trade!
USDJPY: Bullish Wave is Coming?! Again?🇺🇸🇯🇵
USDJPY is trading in a long-term bullish trend.
The pair is currently accumulating around 150.2 resistance.
I see a completed ascending triangle formation.
Bullish breakout of its horizontal neckline - daily candle close above
will be a strong bullish signal.
A bullish continuation will be anticipated to 151.5 level then.
❤️Please, support my work with like, thank you!❤️
GRAUWEIL SUPPORT BASE TRADEGRAUWEIL Support Base Trade
> Sitting on a trendline
> Have taken multiple times support
> Good Volumes
> Good candle
> RR is Good
EURCHF: Important Bearish Breakout 🇪🇺🇨🇭
With one single bearish candle, EURCHF successfully violated 2
important daily structures: a horizontal support and a rising trend line.
The broken structures compose an expanding sell zone now.
I will anticipate a bearish movement from that at least to 0.946
❤️Please, support my work with like, thank you!❤️
GBPJPY: Bullish Reversal Now Confirmed?! 🇬🇧🇺🇸
Take a look at GBPJPY.
I see strong signs of a bullish reversal on a daily time frame:
the price formed a huge inverted head and shoulders pattern,
a neckline of the pattern and a resistance line of an expanding wedge pattern
were successfully broken.
I anticipate a growth now.
Goals: 185.4 / 186.5
❤️Please, support my work with like, thank you!❤️
Dark Pool Buy Zone Signals: AEISNASDAQ:AEIS was one of the darlings of the '90s. So much fun to swing trade this stock. It is now moving up to test the all-time highs of 2021. Electronic Components are cyclical stocks typically with huge revenues ahead of holidays, school openings and summertime. The cycle is starting again.
Notice that Volume Oscillators and Money Flow indicators are rising from the bottom of the chart. This pattern has been very reliable in determining the end of the run down this year. Many stocks have this pattern at the moment. This signals the Buy Zone.
Bullish on TTD?
Here, as you can see on the weekly chart, we have formed a double bottom. We are also bouncing off of the 25 EMA as well. The volume was a little higher than last week. And we have had 2 green weeks in a row. Also, the MACD has turned bright red indicating that potentially the selling pressure has subsided. Also, the technicals are all pointing bullish. Also, on the daily chart to finish off this previous week, we ended on a strong bullish candle with high volume and the MACD turned green.
INOXWIND breakout SUCCESSFULINOXWIND has given the breakout. as shown on the chart. we can see it has accumalated the quantity for past 3 months. now today has given breakout with nice volume. it will be a good trade with R:R :: 1:3.
Reason:
descending bullish triangle pattern breakout confirmation.
RSI is breaking 60 to upside nice strength in the trend.
Support at VWAP
Successful breakout after 5 months
High Volume is traded today.
Price > EMAs
Verdict:
Highly Bullish
Plan of action:
Buy: 204-208
Stoploss: 195
Target: 232
EURAUD: Breakout & Bearish Continuation 🇪🇺 🇦🇺
EURAUD broke and closed below a support of a horizontal trading range on a daily.
Taking into consideration the fact that the pair is trading in a minor bearish trend
since the middle of August, such a violation may signify the remaining strength
of the sellers.
I expect a bearish continuation to 1.6275
❤️Please, support my work with like, thank you!❤️
"Thrill Rides is our DNA" - 7:1 Long on SIX What a rollercoaster of a stock since before the crash of of 2020 ... my charting of Six Flags is inspired by just now listening to a video about the company (not produced by me), and by my recollections of Magic Mountain from as early as the 1970s. Hopefully you will challenge my forecast and/or my measurements with your tough questions, since this venue is meant to arouse the reverse-engineers and to provoke the thinkers to do what we do best, right?
As always, I strive to render these ideas of mine so obviously that their explanation will require no words. Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
The details of the chart speak for themselves, however the fundamental narrative on which it is based is not all mine, only my initiative to look for a trade in it (see links below, for reference).
You will note that, as of this writing, the price has not fallen into my entry point, nor do I have conviction in the full harmonic potential. Even the heat map w/in the Range Analysis agrees with my medium term vision, which ends in an implied retracement.
Another 8:1 Long trade is also implied, should this forecast play out, however that will depend on fundamentals that will have evolved significantly by then ... which is to say that Six Flags may not survive a recession even with a decent turnaround strategy.
I am preparing a video on prospecting for opportunities during the current Sector Rotation, and Six Flags might become part of it. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023, in preparation for live streaming.
Until then, be liquid !!!
. . .
NOTES:
"The Death of Six Flags Is Getting Ugly"
www.youtube.com
After reporting their Q2 Six Flags 2023 earnings report, Six Flags stockholders have been shell shocked and the future of Six Flags looks dim. What will become of all the best roller coasters in the world that the Six Flags parks have assembled? Will 6 Flags survive or will the Six Flags 2023 season be one of their last?
Moksh Ornaments for Swing/Positional Moksh Ornaments Prediction for Swing/ Posional Trading
You can enter into trade above Entry level (15.6). This level can be retest. There is a resistance 16.45-17 level.
Strong Supports (14.05-14.4,13.5,12.6) are shown in the chart.
Targets- 16.45,17,18.45,19.8,21.35,22.8,24.25,… (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Request: Please support by Like, follow, comment, share and boost.
Happy trading.
About Moksh Ornaments –
Moksh Ornaments Ltd. engages in the manufacture and wholesale of jewellery. Its products include bangles, chain, and mangalsutra. The company was founded by Amrit Jawanmalji Shah and Jawanmal Moolchand Shah on July 19, 2012 and is headquartered in Mumbai, India.
You can follow me in social media through links given below-