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Swingtrading

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.
Long
by CityIndex
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.
Short
by CityIndex
2
Nestle-Bullish Swing- Will this be bullish swing? NSE:NESTLEIND 21.08.2024 Buy-2551 Target 01-2643, Target 02-2761 Stop Loss-2447 Risk Reward- 1:2 After the good uptrend from March 2023, price is under consolidation from Beginning of January 2024. Hopefully it us under the formation of Bullish Flag and trying to provide the big breakout. 1.Breakout- Inside Bar 2.Trend- Uptrend in higher TF & trying to break the downward range in shorter time frame. 3.KeyLevel- second time rejection from resistance converted to support zone. 4.Volume- Average volumes. Need more & above average volumes in next sessions for more rewards 5. EMA- Perfect rejection from 200 EMA. Price is above 21 EMA & 50 EMA 6. Chart Pattern- bullish flag in the border view 7.RSI- Strong bounce from 30 RSI. Still very good potential for more movement.
NSE:NESTLEINDLong
by Swinging_Inside_the_BAR
SWING TUTORIAL - TECHMIn this tutorial, we try to understand how and why the stock NSE:TECHM started going upward and how we can find the best entry while reading charts. The stock had started forming a Support at 1000 levels at June 2022 and since been retesting the same level again up to April 2023. During the same time we can observe how the MACD levels consistently kept moving upwards. This indicated that momentum was gaining and it slowly starting to turn bullish. Once the MACD finally made a successful crossover after close to 52 weeks in April 2023, this is where our Entry got created. Eventually slowly making its way right up to the Swing High levels. This trade is still in play and will probably retest its Swing High levels in the coming weeks. And if the MACD line and signal are still as split away from each other as they are on the monthly timeframe, this could also breakout from the Swing High levels and going all the way further. What do you think about this Tutorial? Would you like to more such Tutorials in the future? Give your comments in the Comments Section below:
NSE:TECHMEducation
by thepranam
ICT Long setup Swing Trade on NAS100USD👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in NAS100USD for session trade (a couple of hours) Here is a session trade idea (since it is near support surface, we should use small lot size) Please refer to the details Stop loss, Buy Zone,open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
OANDA:NAS100USDLong
by ICT_Trader_SB
S&P sets new high but weakness is mountingLast week, the market traded within a narrow range, yet still managed to reach new highs. The bulls remain in control of both the daily and weekly timeframes, although I’m not entirely comfortable with the structure that has developed over the past five days. Most of the growth occurred during extended hours, while during regular trading hours, the market either remained in a tight range or moved downward. This structure is fragile and could easily break, though I’m not ready to call for shorts just yet. Firstly, it hasn’t broken. We're still in a bullish wave on the daily timeframe — in the past two weeks, none of the days have closed below the previous day's low. Secondly, even if the structure breaks, we should not expect significant follow-through, as the market remains very bullish. Here's a quick recap of the key points supporting the bullish thesis (you can find the rest in my previous review): 1. The Fed cut interest rates by 0.5 percentage points, which is positive for both the economy and the stock market for several reasons, such as cheaper borrowing costs. 2. The SPX has reached a new all-time high, which is highly bullish. 3. Both the weekly and daily charts show a strong uptrend. For the market to reverse, there would need to be a significant shift in sentiment, likely triggered by some fundamental event. From a technical standpoint, the uptrend remains intact as long as the bulls hold the previous major low ( 538 ). Until then, any "red" waves should be viewed as mere pullbacks within the broader upward movement.
AMEX:SPY
by hermes_trisme
61.69% Probability for Bullish USOIL TP!Key Fundamentals Supporting a Bullish Outlook: - OPEC+ Production Cuts: OPEC+ has implemented production cuts to stabilize oil prices, which can lead to a tighter supply and potentially higher prices for crude oil. - Geopolitical Tensions: Ongoing geopolitical issues, particularly in oil-producing regions, can disrupt supply chains, leading to increased prices as markets react to potential shortages. - Economic Recovery Signals: As global economies continue to recover from the pandemic, demand for oil is expected to rise, further supporting bullish sentiment in the market. By combining a bullish bias with a probabilistic approach to trading, I aim to position myself advantageously in the market while managing risks effectively. Feel free to share your thoughts in the comments below! 2W: 2H:
TVC:USOILLong
by Jasminex1x2