COLGATE Swing Long SetupI'm watching Colgate for a potential long entry.
Here's the plan:
Entry Zone: 3548.8
Entry Price: Will take the entry only if a 15-minute candle breaks above 3548.8 . The high of that 15-minute candle will be my entry price.
Target: 3716
Stop Loss: 3465 (Stop loss will trigger only if a daily candle closes below this level)
If the entry gets confirmed, I'll aim for the target of 3716 . The stop loss is set at 3465 , but I’ll only exit if the daily close falls below that level. Until then, the setup stays active.
Disclaimer: This is for educational purposes only and not financial advice. Make sure to manage your risk and trade responsibly.
Swingtrader
NASDAQ INDEX (US100): Important Breakout
US100 formed a cup & handle pattern and successfully violated
its neckline on a daily.
With a high probability, the broken neckline turns into support now.
We can expect further growth.
Next resistances: 20550 / 20720
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EUR/USD buyers could be lurking around the 200-day SMAThe euro has already seen a decent selloff heading into Thursday's ECB meeting, where expectations for them to cut by 25bp are high. And that runs the risk that that the cut is already priced in, and could leave the euro susceptible to a bounce if a dovish tone (hint of further cuts) are not also delivered.
Prices are trying to hold around the 1.09, near the 200-day EMA and monthly S2 pivot point. We have inflation data from Europe up shortly, and if that comes in soft then perhaps we'll see another low. But given the size of the selloff already seen, I suspect buyers could be lurking around the 200-day SMA and a countertrend bounce to 1.0950 at a minimum could be due.
MS.
INDIANB Swing Trade WatchlistINDIANB is taking support from 50 EMA in Weekly Chart. (For Swing Trade)
We can go for long swing trade only after price going above 544 with approx. 7% stoploss and 21% Target.
Risk-Reward = 1:3
Plan your quantity/investment accordingly.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future,
USDCHF: Bullish Move After Breakout 🇺🇸🇨🇭
Look at a price action on USDCHF.
The price broke a resistance line of a wide horizontal range on a daily.
After a breakout, the price started a local correctional movement on a 4H.
A bullish flag pattern was formed.
With the opening of a NY session, the market went up and violated
its resistance.
With a high probability, growth will continue now.
Goal - 0.8598
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GBPCAD: Bearish Outlook After News 🇬🇧🇨🇦
GBPCAD may continue falling after a release of US unemployment data.
With a high probability, the price will reach 1.771 level.
As a confirmation, I see a strong bearish reaction to a recently broken
horizontal resistance that turned into support now.
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Seeking dips on GBP/CHFA bullish trend has developed on the daily chart. Prices have pulled back lower, yet support was found at the 50 retracement level and the cross now trades back above the 200-day MA.
A bullish divergence has formed on the 4-hout chart, and price action appears to be corrective on this timeframe. Also note that the 2-year spread between GB-CH yields ahead of prices to suggest upwards pressure could be building on GBP/CHF.
Given the bullish structure of the daily timeframe, pullbacks towards the monthly pivot point could be appealing for bullish setups, in anticipation of a move up to 1.14.
Seeking to fade into AUD/JPYA prominent bearish outside / engulfing day formed on Friday. Moreover, it failed to hold above the 200-day MA and closed the day back below the 100 handle. And its high almost perfectly respected the high-volume node (HVN) from the July high to August low.
A bullish trend has developed on the 1-hour chart after the initial selloff found support around a 38.2% Fibonacci level. However, we're now seeking signs of weakness around the daily R1 pivot, or 10 handle resistance zone for a swing trade lower (given the strength of the bearish engulfing candle on Friday).
The daily S1 and S2 pivot point around 99 and 98.50 respectively are downside targets for bears to consider.
MS.