Swingtrader
GBPAUD: Potential Swing Trade Explained 🇬🇧🇦🇺
GBPAUD is trading in a bullish trend.
Higher lows are perfectly respecting a major rising trend line.
Yesterday, the price tested that again.
To buy with a confirmation wait for a bullish breakout of a neckline of a double bottom formation on 1H time frame.
Goals will be 1.905 / 1.9155
In case of a bearish breakout of a trend line the setup will be invalid.
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My prediction for XAGUUSD movement for hourAs we predict Us are under panic button as for preparation for a any big movement made by Rusia
As my prediction XAGUUSD movement are trying to get down back to rally base rally (RBR) zone
and then make a higher trend movement if it cant break the previous higher low (HL) and goes up continueing its orginal
projection path and also trying to complete its market structure , and also trying to respect the previous triple top zone
and make big rejection downwards (prob.) next week
Thats all from me GP XENIX
Have a nice days trader
Love u all <3
AUDCAD: Bearish Breakout & Bearish Continuation 🇦🇺🇨🇦
AUDCAD was forming a bearish accumulation pattern for two weeks.
Setting lower highs the price was respecting horizontal support.
This night is was finally broken.
Taking into consideration that the pair is trading in a bearish trend,
the market can go much lower.
Next support - 0.89
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ABBOTINDIA - HEAD AND SHOULDERS - FALL EXPECTED !!ABBOTINDIA and recently made a head and shoulder pattern and also broke its neckline.
Expected that, it will take a pullback towards its neckline and fall again .
Trade Details:
Trade Active : Once testing resistance at 17500-18000 level
Stop Loss: 19200-300
Target: 15400
Happy Trading :)
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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