Swingtrader
EURUSD: Time to Buy 🇪🇺🇺🇸
Hey traders,
I finally bought EURUSD.
The price reached a lower boundary of a demand zone that we spotted earlier
and there is also found a strong zone of confluence based on 618/786 retracements of the last impulses.
Growth is expected to 1.1385 / 1.143
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LTTS LONG BUY - IT BOOMING AGAIN !!The stock is at a good support level and also near the trendline support, following from July 2021.
As IT sector started booming again , as per my view, We may see this stock hit 6500 in near weeks.
IT sector view : looks bullish for next couple of weeks (Below in the Weekly chart of CNXIT)
The stock is a good pick for swing trade, has a good reward to risk ratio (~ 1.9)
Trade Details:
Entry: 5650 or below
Stop Loss : 5300
Target: 6300, 6500
Duration: 3-4 weeks
The stock has a earning release today, 17 Jan 2022 we may see a gap up in opening today.
Stay Safe, Happy Investing:)
LTI LONG BUY - IT boomingOut of the 10 stocks in NSE:CNXIT index , NSE:LTI has 5.94% weightage.
The stock is at a good support level and also in a trendline support, following from July 2021.
As IT sector started booming again , as per my view, We may see this stock hit 8000 in near weeks.
IT sector view : looks bullish for next couple of weeks
The trade seems in a good reward to risk ratio (~ 3.98)
Trade Details:
Entry: 7150 or below
Stop Loss : 6950
Target: 8000
Duration : 3-4 weeks
As this stock has a earning release today, we may see a gap up on today.
Stay Safe, Happy Investing:)
CADJPY: Bullish Triangle & Up-Move 🇨🇦🇯🇵
CADJPY is trading in a bullish trend.
For the last two weeks, the pair was accumulating.
The price formed an ascending triangle formation.
Its neckline breakout will most likely trigger a strong move-up.
Next goal 92.9
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CHFJPY: Overbought Market & Correctional Move 🇨🇭🇯🇵
What a sharp bullish rally on CHFJPY at the end of December.
The market was nicely growing within a rising channel.
The price managed to reach an important psychological level 127.0.
Then bears started to push and managed to break a support line of a channel.
It looks like the market is overbought and a pullback is coming.
Initial goal - 124.5
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USDCAD: Long-Term Swing Analysis 🇺🇸🇨🇦
Hey traders,
Since 2020 USDCAD was trading in a sharp bearish trend.
The pair lost more than 18% of its value reaching 1.2 structure low.
Then the market started to recover:
We saw a nice swing up reaching a key weekly resistance
and a consequent retracement with a lower high.
In December, the underlined blue structure was reached again.
It looks like the market is forming a bullish accumulation pattern around that area.
To catch the next swing up look for a bullish breakout of 1.295 - 1.305 supply zone.
In case of a weekly candle close above that a bullish continuation to 1.34 / 1.37 levels will be expected.
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USDCHF: Preparing For a Bearish Wave 🇺🇸🇨🇭
Hey traders,
USDCHF is trading in a global bearish trend.
The market is falling since 2016.
The price set a new low at the beginning of 2021.
Then a correctional movement started.
Since August the pair is trading within a horizontal trading range.
I believe that the next bearish rally will initiate after a bearish breakout of a range's support.
Next goals will be 0.894/0.88
Remember that the range can be broken to the upside as well.
In case of such a scenario, the market may retest 0.947 year's high.
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EURAUD: Very Bearish Outlook 🇪🇺🇦🇺
Hey traders,
EURAUD is trading in a long-term bearish trend.
The market start a correctional movement in November.
At the beginning of December, sellers started to push again.
The price broke and closed below a rising trend line on a daily time frame.
Now I will expect a further decline.
Goals:
1.547
1.538
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Trade divis lab only if it opens flat or gap down!Stock has moved consistently in a downward channel and it has started the upmove from swing low. Though stock is in down trend, the upmoves in this stock are always fast.
Expecting a target of 4782 tomorrow itself, which is the channel resistance.
Entry: strictly below 4575 (otherwise the RR is not favourable)
SL : below the broken trendline at 4380
Trail the SL if trendline is broken and hold positionally. Else book profits in intraday.
*educational purposes only*
EURUSD: Waiting For Breakout 🇪🇺🇺🇸
Hey traders,
What a bearish Friday on EURUSD.
It looks like bears are finally ready to push.
On focus is 1.112 - 1.119 structure support.
I am waiting for a breakout of that area to short the pair.
Taking into consideration that the market is trading in a strong bearish trend since summer,
the breakout may trigger a strong selloff.
Next support will be 1.063 - 1.073 cluster.
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AUDUSD: Important Breakout & Bullish Continuation 🇦🇺🇺🇸
During the last three weeks, AUDUSD was forming an inverted head and shoulders pattern.
This morning the price violated its neckline to the upside.
It looks like the pair is preparing for a bullish continuation.
Next resistances:
0.727
0.735
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GBPJPY: Trend-Following Trading Plan 🇬🇧🇯🇵
Update for GBPJPY.
The pair is trading in a long-term bullish trend.
After the price set a new high in October, the pair retraced.
The market dropped to a key daily demand zone 148.2 - 149.0.
To catch a swing move from that zone, pay close attention to a bullish flag pattern on 12H time frame.
Wait for its resistance breakout & then buy on a retest.
Goals will be 152.3 / 154.0
In case of a bearish breakout of a blue zone,
a bearish continuation will be expected.
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DOLLAR INDEX (DXY) Time For a Correction? | Technical Outlook 💵
Dollar index looks quite overbought to me.
The price action contracts on intraday time frames
and it looks like quite soon we will see a correctional move.
In this video, we will execute a Top-Down analysis
and we will discuss potential scenarios.
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Catch adani at swing high! The stock is consistently respecting the trendline resistance and support zone and is making swings between the two. Yesterday it tried to break the resistance but failed. Today, along with the Index, it made a strong bearish candle. Expecting 1620 levels soon.
Decent trade with a 1:1.5 RR.
Check the chart for entry, SL and targets.
ACC - Support and Resistance TradeThe stock went through the recent resistance and was able to sustain above it.
Hence sustaining these support levels, the stock could move towards 2380 - 2400 levels in the coming trading sesions.
Super Simple Trade set-up
Type of Trade: Swing Trade
Disclaimer: if you are trading this, you are trading at your own risk.
AVAX! Swing trade Is looking Greeat. Previous resistance is support.
Great Risk and reward. ;)
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EURJPY: Bullish Wave is Coming🇪🇺🇯🇵
EURJPY finally started to grow from key weekly structure support.
On 4H time frame, the price broke and closed above a resistance line of a falling wedge pattern
and violated a neckline of an inverted head and shoulders pattern.
I expect a bullish continuation to 129.5 / 130.35
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