Orient Green for Swing/Positional Orient Green Power Prediction for Swing/ Positional Trading
You can enter into trade above Entry level (14.70) daily close basis or after 15.6 safely CMP is 14.35 . There is a resistance 15.10-15.6 level. You take it purely on long positional basis also.
Strong Supports are shown in the chart.
Targets- 16,20,30,40,.. (more will be updated later)
Intermediate Targets- See Chart
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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Happy trading.
About Orient Green Power –
Orient Green Power Co., Ltd. engages in the production and distribution of renewable energy. It focuses on the development, ownership, and operation of wind energy power plants located in the states of Tamil Nadu and Andhara Pradesh. The company was founded by Thyagarajan Shivaraman in October 2006 and is headquartered in Chennai, India.
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Swingtrader
GBPCAD May Go Higher! Here is Why: 🇬🇧🇨🇦
GBPCAD is trading in a bullish trend on a daily since the end of September.
The price set new higher lows, respecting a solid rising trend line.
On Friday, the price set a new higher high higher close, violating a local
daily horizontal resistance.
It signifies a strength of the buyers and a highly probable bullish continuation
to the next strong resistance.
The next structure on focus - 1.699
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EURGBP: Very Bearish Market Opening 🇪🇺🇬🇧
EURGBP formed a very bearish setup on last week:
the price formed a huge rising wedge pattern and successfully violated
its support on Friday.
After the market opening, the price retested a broken support.
We see a strong rejection from that
I believe that the market will go lower.
Next support - 0.8625
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Dollar Index (DXY): Bad NFP & Bearish Outlook Explained 💵
It turned out that we got very bad NFP release, yesterday.
Dollar Index immediately reacted, and the market formed a huge bearish candle on a daily.
With one single candle, the Index successful broken a support of a wide horizontal range.
It is a sign of a confirmed bearish reversal.
The index will most likely drop to 104.5 support soon.
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Dollar Index (DXY) Under a Bearish Pressure 💵
Dollar Index keeps falling from a solid horizontal intraday resistance,
as I predicted earlier.
As an extra bearish signal, we can spot a confirmed breakout
of a neckline of a descending triangle formation, with a strong bearish
reaction to that after its retest.
The index may keep going lower.
Next support: 105.65
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EURUSD: Your Trading Plan For Next Week Explained 🇪🇺🇺🇸
EURUSD is trading in a long-term bearish trend.
After the price set a new lower low at the beginning of October,
the market started a correctional movement within a bearish flag pattern.
Closely monitor a support of the flag next week,
its violation - a daily candle close below, will be a strong bearish signal.
A bearish continuation will be anticipated then to 1.051 / 1.047
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USDJPY Ahead of Powell Speech 🇺🇸🇯🇵
USDJPY is trading within an ascending triangle formation on a daily.
Taking into consideration that the market is trading in a bullish trend,
probabilities will be high that we will see one more bullish wave.
Your confirmation will be a bullish breakout of the horizontal resistance of a triangle -
daily candle close above 150.15.
A bullish movement will be anticipated to 150.5 level then.
Alternatively, a bearish breakout of the trend line of a triangle will be a strong bearish signal.
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USDJPY: Bullish Wave is Coming?! Again?🇺🇸🇯🇵
USDJPY is trading in a long-term bullish trend.
The pair is currently accumulating around 150.2 resistance.
I see a completed ascending triangle formation.
Bullish breakout of its horizontal neckline - daily candle close above
will be a strong bullish signal.
A bullish continuation will be anticipated to 151.5 level then.
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EURCHF: Important Bearish Breakout 🇪🇺🇨🇭
With one single bearish candle, EURCHF successfully violated 2
important daily structures: a horizontal support and a rising trend line.
The broken structures compose an expanding sell zone now.
I will anticipate a bearish movement from that at least to 0.946
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EURJPY: Bearish Outlook After Massive Breakout 🇪🇺🇯🇵
EURJPY was consolidating within a horizontal trading range for the entire September.
The market finally dropped yesterday and successfully closed below the support of the range.
The broken support now turned into a strong resistance.
I will anticipate a bearish movement from that to 155.12 / 154.5
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EURAUD: Breakout & Bearish Continuation 🇪🇺 🇦🇺
EURAUD broke and closed below a support of a horizontal trading range on a daily.
Taking into consideration the fact that the pair is trading in a minor bearish trend
since the middle of August, such a violation may signify the remaining strength
of the sellers.
I expect a bearish continuation to 1.6275
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GBPUSD: One More Breakout 🇬🇧🇺🇸
It turned out that GBPUSD violated one more key daily structure support and closed below that.
The next key structure that I see is 1.2010 - 1.2055 area.
That will most likely be the next goal for the sellers.
For shorting, consider the contracting area based on a falling trend line and a broken structure.
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NZDJPY: Breakout & Bullish Continuation 🇳🇿🇯🇵
NZDJPY broke and closed above a key daily structure resistance.
Taking into consideration that the market is currently rallying,
such a violation may trigger one more bullish wave.
I anticipate a bullish continuation to 89.4
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CHFJPY: Bearish Outlook Explained 🇨🇭🇯🇵
CHFJPY formed an important high momentum bearish candle last week.
With one single candle, the pair violated a lower boundary of a horizontal range,
and the market also closed below a major rising trend line.
It makes me think that the pair may go lower.
Goals: 162.42 / 160.8
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Learn TOP 3 Elements of a Perfect SWING TRADE
Hey traders,
In the today's post, I will share with you a formula of ideal swing trading setup.
✔️Element 1 - Market Trend
When you are planning a swing trade, it is highly recommendable that the direction of your trade would match with the direction of the market trend.
If the market is trading in a bullish trend, you should look for buying the market, while if the market is bearish, you should look for shorting.
Take a look at CHFJPY pair on a daily. Obviously, the market is trading in a bullish trend and your should look for swing BUYING opportunity.
✔️Element 2 - Key Level
You should look for a trading opportunity from a key structure.
IF the market is bullish, you should look for buying from a key horizontal or vertical SUPPORT, WHILE if the market is bearish, you should look for shorting from a key horizontal or vertical RESISTANCE.
CHFJPY is currently approaching a rising trend line - a key vertical support.
Please, note that if the price is NOT on a key structure, you should patiently wait for the test of the closest one.
✔️Element 3 - Confirmation
Once the market is on a key level, do not open a trading position blindly. Look for a confirmation - for the sign of strength of the buyers, if you want to buy or for the sign of strength of the sellers, if you are planning to short.
There are dozens of confirmation strategies, one of the most accurate is the price action confirmation.
Analyzing a 4H time frame on CHFJPY, we can spot a falling wedge pattern. While the price is stuck within that, the minor trend remains bearish. Bullish breakout of the resistance of the wedge will be the important sign of strength of the buyers and can be your strong bullish confirmation.
Following these 3 conditions, you will achieve high win rate in swing trading. Try these techniques yourself and good luck in your trading journey.
EURUSD LOSS EXPLANATIONSo yesterday i took a trade on EURUSD,and as every trader took a loss,so lets try to explain why did a loss happen,as said i took a sell because i saw 0.5 fib being respected and rejected,and my entry was good,but as u see i didnt draw a blue line that hold my price from going down
I should wait for a better confirmation and BOS-Break of structure or some kind of a lower hi,lower low being formed