GBPUSD: Bearish Outlook For This Week Explained 🇬🇧🇺🇸
GBPUSD broke and closed below a solid horizontal demand cluster
on a daily time frame last week.
The broken structure turned in a supply zone.
I believe that the market may drop after a retest of the underlined blue area.
Goals will be 1.2517 / 1.2427
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Swingtrade
2 Sided Scenario XAU/USDBased on fundemntal analysis, along side the current economic crisis, I am following the secondary scenario. Which sees gold into the 1700s before LIKELY NEVER RETURNING. what this means is yes gold is going to become bullish. As of now we are still squarely in the bearish Channels. The impulse to 1917 will soon be corrected, and the cherry will continue downward. Scenario 1 calls for gold to reverse after reaching the first liquidation zone. (Green lines) these scenario will be identical until liquidation is reached. After we should see an impulse upward followed by a deeper dive. This is in the neighborhood of the 1832 past price action. If this scenario is confirmed you will see a reversal 1815-1832-1841. If it continued upward that confirms scenario 1. If it impulses upward and continues down (most likely) it will confirm the 2nd scenario (red lines)
I have to ask myself. “WHAT WOULD A THIEF DO”
All the banks are unfortunately are the best thieves on the planet. The thief would push the price down to an unthinkable zone (yet completely valid by chart fundementals, and past price action. Unfortunately every chart is in a constant state of manipulation. Easily persuading you to put your money on the manipulated side of the market (costing you heavily)
Don’t fall for the manipulations AND DONT GET IN TOO SOON. Democrats fight the price of gold pumping the USD. The next president should show us some answers.
As always may the force be with you all
EURJPY: Consolidation & Complete Indecision 🇪🇺🇯🇵
EURJPY is currently trading within a narrow horizontal range on a daily.
Depending on the side of a breakout, I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above 159.5 resistance on a daliy,
I will expect a bullish movement at least to 160.5 level.
Bearish Scenario
If the market violates 157.4 support and closes below that,
a bearish movement will be anticipated to 156.1 level.
As always, breakout is the best confirmation,
so wait patiently for that.
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XLV still coiling, possible double top on the daily? On the weekly timeframe XLV continues to coil.
On the daily timeframe we may have seen a double top after the rejection at the bottom of the gap (136.50 area).
FWIW these options can move, but they are low volume. On high momentum days trading the same week can be effective. Personally, I prefer to bid for calls on red days and puts on green days with swing trade straddle targets in mind.
I'm currently eyeing the gap above but a breakdown with a stronger market pullback is possible. I will be looking to add a long swing position after the Jackson Hole / JPow speech depending on market conditions.
VBL - Bullish Consolidation with VolumesNSE: VBL is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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HCLTECH - Bullish Consolidation Breakout with VolumesNSE: HCLTECH is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
KNRCON - Bullish Consolidation BreakoutNSE: KNRCON is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
EURCAD: Bullish Outlook Explained 🇪🇺🇨🇦
EURCAD is trading in a bullish trend.
After the price set a new high in July, the market started a correctional movement.
The price perfectly respected 1.45 support.
A strong bullish wave initiated from that and the market managed to violate a local
horizontal resistance.
It will most likely trigger a further bullish continuation.
Next goal - 1.4835
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TEGA - Bullish Swing ReversalNSE: TEGA is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
SWANENERGY - Bullish Swing ReversalNSE: SWANENERGY is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
DIXON - Bullish Swing ReversalNSE: DIXON is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
CYIENT - Bullish Consolidation with VolumesNSE: CYIENT is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
LEMONTREE - Bullish Consolidation with VolumesNSE: LEMONTREE is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
RELIGARE - Bullish Swing ReversalNSE: RELIGARE is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
SEQUENT - Bullish Consolidation with VolumesNSE: SEQUENT is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
CONCOR - Bullish ConsolidationNSE: CONCOR is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
TATACHEM - Bullish Consolidation BreakoutNSE: TATACHEM is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NESCO - Bullish Consolidation Breakout with VolumesNSE: NESCO is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade