Great setup on the GBP/NZD Price is coming out of a major support zone with a massive bullish engulfing candle and momentum. This is a very long term swing play: Here is the play I will be taking on this pair: P = 1.84739 SL = 1.84739 - 733 PIPS TP = 2.05051 - 1297 PIPS
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
The first question i always ask myself is "who is in control of price?" that way i can analyze my trrading from a price action point of view. So, who is in control of price on this one? First we have a bearish trend followed by a tiny pull back and then an indecision candle which tells us that the bearish power might transitioning to the bulls. Of course i...
Buy with strickt stop loss. Good fundamental stock
BUY AARTI INDUSTRIES IN DIPS NOW 1023.30 SL 980 (ON CLOSING BASES ) TARGETS 1200 STRONG STOCKS ON STRONG SUPPORT AS TRENDLINE (LOW RISK HIGH REWARD TRADE) Over the last 5 years, net income has grown at a yearly rate of 21.09%, vs industry avg of 8.53% Over the last 5 years, revenue has grown at a yearly rate of 7.54%, vs industry avg of 4.05% Over the last 5...
In order to decrease the risk associated with this trade, I strongly recommend waiting for tomorrow's earnings call: I like to play it safe and decrease unnecessary exposure when possible. A negative price reaction to earnings might invalidate this whole trade. Ascending Triangle with clear uptrend Support. Target price set at a new potential resistance...
USO continues to follow the purple downtrend I drew last week. The short term bull trend couldn't hold and today opened below the support levels (shown as 1st the horizonal purple line). I was able to get cheap $3.5 calls at market open, and could've taken a 75% profit but decided to chase more gains (bad move) and the market closed with my options up about 30%...
BTCUSD ; D The standard pennant forms on the supported daily frame for Ascending and Strongly
'Accumulation' Price action can be seen on lower timeframes(LT) - BUY zone: $8289 | $8260 | $8223 | $8193 SELL zone: $8350 | $8425 | $8590 | $9090 | $9255 | $9k4 Stop Loss: BELOW $8080 NEW BTC Levels ****9250<9050<8950-8750>8600>8350>8100****** EXP: 17th Oct Reason 4 trade: ew count | Fib. levels | Gut feeling BUY the...
If you're a swing trader this might be a good point to catch the turning point
NASDAQ:RUBY Setting a nice bullish consolidation. Any break of resistance is a trigger long for me. Earnings out so soon throws a spanner in the works though so would ideally like to wait and see how it reacts to it's earnings Short float= 12.7% Keep risk tight (area marked on chart) Be aware this is a pharma stock so they have been known to be wild (news...
If price can push on volume through resistance, will look for an entry targeting the $33 area. Only 7% short float so keep that in mind NASDAQ:JD
I am setting up a possible bullish swing trade on AAP. This is what I want AAP to do, breakout above resistance at $119.00 then pull back and re-test the old resistance which now should provide support. If AAP does breakout I will enter a limit order to buy a little above support, maybe at $119.35. If AAP does breakout I would hope to see a re-test fairly quick,...
I'm eyeing wave 4 to end around 1.16570 and run 1.0 of wave 1 = 1.20650; but may also be 2.0 of wave 1 = 1.24801. A length of 2.0 also has confluence of intersecting with channel boundaries in symmetrical days (30) as Wave 1. Rues: IF Price Action = 1.16570 AND there is a major reversal pattern or candle on 1-day or 4-hour chart AND there is some major...
- good r/r ratio - strong confluence - fib - trendline - volatility - news coming out in 2 hours
EURNZD IN SUPPORT, WAIT CONSOLIDATION IN SUPPORT AND BUY.