Yemi_Fx1 | Short for NZDUSDPrice is currently moving in an ascending channel. Looking forward for this pattern to hold.
I'll be considering
A Risk entry type at the top of the structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Swingtrade
EURCAD: Important Breakout & Bullish Outlook Explained 🇪🇺🇨🇦
EURCAD was consolidating within a wide horizontal trading range on a daily for 3 months.
Its resistance was finally broken. The price closed above that on Friday, forming a high momentum
bullish candle.
I believe that the pair will go much higher now.
The next strong resistance - 1.489
Probabilities are high that it will be reached soon.
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CADJPY: Classic Trend-Following Setup 🇨🇦🇯🇵
CADJPY broke and closed below a support line of a bearish flag pattern.
Taking into consideration, that the pair is trading in a bearish trend,
that violation may trigger a sell off.
I expect a bearish continuation to 97.05 / 96.1
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Break & RetestPrice broke the 1.19250 area on Tuesday and is now back for a retest from below. Should the level prove to be resistance and show signs of weakness this could be another opportunity to hop onto the trend and ride the momentum. If New York fails to drive the movement today, tomorrow is filled with Fundamentals including NFP which could be the catalyst to close the week with what could be an even weaker Pound.
Is the Top in ?Bitcoin currently holding just above 21.500. Topping pattern looks like it may now be complete with a double top formation. Buyers may once again attempt to regain control at 21.500 which could result in a temporary bounce hence creating a trap for longs. Big events happening in the crypto space on Friday which could trigger a market collapse.
Break or Bounce?Price is once again creeping towards support for a 5th attempt by the sellers to push lower. Despite numerous attempts, the buyers have successfully defended the zone since December 2022. Are we going to see another bounce or have the sellers now gathered enough momentum to break out of consolidation.
SWSOLAR - Bullish Consolidation BreakoutNSE: SWSOLAR 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 trendline 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.
Great down day for $SPY (+25% return)Shorted $AAPL at close to yesterday's high ($155-156) for a close to 25%+ gain with SPY being down -1.53% today. What comes next?
1/ TESTIMONY DAY 1
$DXY ripped through the supply zone during Powell's testimony. $SPY bulls will want to see DXY make it back in the zone for SPY to move 401+ which has acted as near-term resistance (anything goes when it comes to Powell).
2/ POSITIONING UPDATE
Still holding my swing position for $AAPL (see previous linked idea). I expect more drawdown before I consider trimming,
The Bears are Back in TownFinal Lower high set during London this morning setting off the long anticipated break to the downside we discussed recently. Are we going to revisit the September 2022 All Time Lows at 1.03595? Time will tell. All I know is we`re in a Bear market for now and my plan is to look for selling opportunities until the trend proves otherwise.
Yemi_Fx1 | Short for XAUUSDFrom 1HTF perspective XAUUSD is moving in an ascending channel (Reversal pattern) waiting patiently for price to approach the area of value with a sell confluence before going short. So
I'll be considering
A Risk entry type at the top of the structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Yemi_Fx1 | Short for EURUSDEURUSD(Fibre) is trading and moving in an ascending channel. Looking forward for price to make a third touch with the upper dynamic trendline. If this holds then the pattern Will play out. So,
I'll be considering
A Risk entry type at the top of the structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Collapse in Progress?Is Bitcoin about to do the unthinkable ? The highlighted zone marks the 21500 zone and will play an important role in determining whether we continue to trade higher or if this is the beginning of another painful leg lower for long term investors. Perhaps an opportunity to buy at lower prices?
Friday Break or Bounce?From the last update on Wednesday we can see the 3rd lower high in the series is now in and price is now back at support. It"s make or break time for the British Pound as the week draws to a close and the dollar continues to hold up and attempt to push higher. Are we going to see lower prices for the Pound by the end of the week or will buyers regain control for another attempt to the upside?
EURCAD: Important Breakout 🇪🇺🇨🇦
EURCAD broke and closed above a major horizontal supply cluster with a high momentum bullish candle yesterday.
1.441 - 1.446 is now turned into a demand zone.
I will expect a bullish wave from that area to 1.455 / 1.46 levels.
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COAL INDIA - Bullish Swing ReversalNSE: COALINDIA 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.
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.