CADJPY: Classic Bullish Accumulation 🇨🇦🇯🇵
CADJPY is trading in a bullish trend on a daily.
The price has formed an ascending triangle formation respecting 101.8 resistance.
I believe that the next trend-following movement will initiate after a bullish breakout of the underlined blue area.
Daily candle close above will confirm a violation.
A bullish continuation will be expected to 103.0 level then.
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Swingtrade
PGHL - Bullish Swing ReversalNSE: PGHL 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.
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Disclaimer:
This is for educational purposes only.
AUDCAD: Bearish Setup Explained 🇦🇺🇨🇦
AUDCAD is trading in a wide horizontal trading range on a daily.
Approaching its upper boundary, the price formed a descending triangle formation.
Its neckline was broken last week.
I explain a bearish movement to 0.896 level.
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WELCORP - Bullish Consolidation BreakoutNSE: WELCORP 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
Disclaimer:
This is for educational purposes only.
AMD to $100+ by tomorrow?I'm excited for this one. All day I thought the market was gonna be bearish until I started paying more attention to AMD. retested the low and also made a ChoCH and sweep on internal liquidity. Really expecting us to blast through $100 to $101.85+ tomorrow. Loaded up on $100 calls and hopefully this plays out.
EURGBP: Bearish Wave is Coming 🇪🇺🇬🇧
After the yesterday's pullback, EURGBP reached a wide horizontal zone of supply.
0.873 - 0.8765 is the area from where the next bearish move will most likely initiate.
The next goal for the sellers will be 0.866
Because the underlined area is quite wide, look for an intraday confirmation before you sell.
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EUR/AUD in focus for RBA meeting and eurozone CPIWith the RBA due to meet and eurozone CPI data released tonight, EUR/AUD has caught our eye. It remains within a strong uptrend on the daily chart, although a bearish-outside day ahs slammed prices down to a 4-day low. But we’re keen on long opportunities if prices can remain above 1.6400, given the levels of technical support nearby including the 2021 high, 10/20day EMA’s and monthly pivot point. The initial target is 1.6800, a break above which brings the 1.7000 handle into focus.
XAUUSD Gold Bullish Setup Swing Trade XAUUSD is Starting to gain it's bullish strength again.
My following setup requires Gold to break clearly above the 2KUSD level.
Make a retest of it's resistance after breaking thru the structure clearly.
I reckon placing a buy limit when XAUUSD has broken thru it's resistance, as a retest will likely occur.
SL can be placed bellow demand zone or below it's lower fib level.
TP at little below it's latest highest resistance as it will be a major selling area.
- David van Delden
Dollar Index (DXY): Waiting For Important Decision💵
Dollar Index is approaching an important zone of confluence on a daily
that is based on a falling trend line and a horizontal structure resistance.
If the price breaks and closes above them both on a daily, I will expect a bullish continuation at least to 102.7.
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COFORGE - Bullish Consolidation BreakoutNSE: COFORGE 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
Disclaimer:
This is for educational purposes only.
EURUSD: 2 Scenarios Explained 🇪🇺🇺🇸
Important fundamentals are coming.
Watching the current state of affairs on EURUSD, I see 2 potential scenarios.
Bullish
The price keeps setting equal highs, perfectly respecting 1.1045 - 1.1095 resistance.
If the price breaks and closes above that, I will expect a bullish continuation to 1.116 level.
Bearish
The price keeps setting higher lows, respecting a rising trend line.
If the price breaks and closes below that, a bearish continuation will be expected to 1.1093 level.
Wait for a breakout, traders.
What do you expect?
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