NZDJPY: The Next Bearish Wave 🇳🇿🇯🇵
Hey traders,
NZDJPY broke and closed below a major wide demand cluster on a daily.
The broken structure 83.8 - 85.0 turned into resistance now.
It looks like the pair is quite oversold at the moment.
The market will most likely retrace to the underlined area
and a bearish wave will initiate then.
Goal will be a rising trend line, matching the last higher lows.
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NZDCAD: Classic Bearish Reversal 🇳🇿🇨🇦
NZDCAD reached a key weekly structure last week.
The price formed a double top pattern on a daily and broke its neckline then this week.
Such a setup is a classic example of a bearish reversal.
I believe that the market will drop at least to 84.2
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NZDJPY: Bearish Continuation 🇳🇿🇯🇵
NZDJPY broke and closed below a major demand cluster:
83.8 - 85.0 area turned into resistance now.
I believe that the pair will keep falling.
Next goal for sellers - major rising trend line.
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Tesla (TSLA) Gap Fill Offers Swing Trade OpportunityTesla (TSLA) has an RSI below 30, has fallen 30% in the last month and is approaching a major technical gap fill at $137.00. This gives technical traders a potential opportunity for a swing trade long.
Note: This is not financial advice, consult your financial advisor.
INDIGO - Bullish Consolidation with VolumesNSE: INDIGO is closing with a strong 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 consolidating 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
Disclaimer:
This is for educational purposes only.
NZDCHF: Bearish Move From Key Level 🇳🇿🇨🇭
NZDCHF reached a solid key level at the beginning of December.
The price formed a double top pattern on that and broke a support line of a rising channel then.
I think that bears may push the pair lower.
Next goal - 0.585
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Trend Reversal?Last week price was met with a strong reaction at 0.6500, an important level for KIWI. Last time price traded at this level was in August after which a 900 pip move to the downside followed and a bottom was later found in October around 0.5500. Since then, buyers have been in charge and have brought prices back to 0.6500. For the first time since October we have now seen the market close the week with doji candles for 2 weeks in a row. Also, for the first time since the uptrend started, we saw Thursday close with over a 100pip move to the downside (a big move for KIWI). This came following Tuesday's rejection of 0.6500 indicating the presence of sellers in this zone. A strong dollar would favor sellers to step in and push prices lower.
1800 Still holdingFrom the last update a week ago price was wedged between support and resistance below 1800. On Tuesday we then saw price spike to the upside triggering buy orders as well as taking out any stop losses above the zone. Price consolidated above the 1800 zone until Thursday enticing even more buyers to go long. A strong reversal then came on Thursday which saw prices drop back below 1800 and the week closed on Friday with prices back below 1800 where it started the week. If the level continues to hold and we see Dollar strength return in the market this could very well trigger shorts on Gold and we could see lower prices in the foreseeable future. An Engulfing close below Friday's low around 1774 will be an important level for bears to watch.
Education: Topping Tail And Resulting Drop On $IBM + Buy LevelThis is a fantastic example of a topping tail on the IBM chart. Note the topping tail is 1. at the highs of recent history, 2. The tail (wick) is 50% or greater of the entire candle length, 3. The body is 50% or less of the entire candle length and 4. the close is in the bottom 25% of the candle.
Note the 50% retrace the next day giving a great short entry and then the massive drop today. Target is the scene of the crime as noted on the chart. This becomes the buy level for a bounce.
Note: This is not financial advice, speak to your financial planner.
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will Fall from our current entry point.
📉 SHORT - BTC : $17,180 📉
💵 Length of trade: we are expecting BTC to hit a $150 scalp, with a high end of $300, and a minimum expectation of $150.
🕰️ Duration of trade: we are expecting this to occur within 1.5 hours - 4 hours. Then we see a maximum duration of 14 hours.
📊🖥️ INDICATOR SHOWN ON CHART : Scot Signal Indicator
LICHSGFIN - Bullish Breakout with Strong VolumesNSE: LICHSGFIN is closing with a strong 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 consolidating 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
Disclaimer:
This is for educational purposes only.
NAUKRI - Bullish Consolidation BreakoutNSE: NAUKRI is closing with a strong 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 consolidating 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
Disclaimer:
This is for educational purposes only.
NZDJPY: How to Catch The Next Bullish Wave 🇳🇿🇯🇵
NZDJPY is trading in a long-term bullish trend.
Since February, however, the price is stuck on 87.0 - 88.0 structure resistance.
To catch a bullish wave, wait for its breakout. We need a weekly candle close above that to confirm the violation.
A bullish continuation will be expected to 91.3 level then.
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Please, support my work with like, thank you!❤️
UTTAMSUGAR : Positional Call#UTTAMSUGAR : All Levels mentioned are for Positional call (1-12 months)
Good Strength & Volume Buildup
>> For Swing Trader :
> Try to enter at retracement nr safe entry levels with a stoploss of 250
> Take Quick 5-10% & keep trailling
#positionaltrading
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Classic Cup & Handle Pattern On PYPLHigh probability that PYPL trades higher in 2023 towards $120 based on a weekly cup and handle patter.
Note: This is not financial advice. Consult your financial advisor before doing anything.
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Retracement Probability on Monthly ChartBullish Uptrend on Monthly and Weekly charts.
Good Intraday trade on Probable Bearish Reversal return to FIB levels.
Retracement on Weekly is probable.
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Game Plan:
Short Intraday Trades on Weekly Retracement back to Weekly MA/EMA line 21 50.
If retracement happens then we will switch to
Bullish and look for buys back up to test Monthly High