Swingtrading
GALAXY SURFACTANTS - 70% ROI Potential Stock Mid Term Idea A Fresh stage 2 Multiyear Flag breakout move.
Why I consider this attractive ?
1) The stock has broken out of a 3 year old consolidation zone - Flag Breakout. June 2021-Aug 2024
2) The stock as compressed for 2 months at the breakout level.
3) Overhead supply is very minimal.
4) Daily has broken out of the compression at Flag Breakout level, retested and given a good breakout again, indicating solid buyers strength.
Flag targets at about 5400.
MarketBreakdown | USDCAD EURNZD, GBPCAD, GBPCHF
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ USDCAD daily time frame 🇺🇸🇨🇦
The pair is currently consolidating within a horizontal range on a daily.
I am waiting for a breakout of a one of the boundaries of the range
to confirm the future direction of the market.
I think that the price may keep coiling before the FED rate decision on Wednesday.
2️⃣ EURNZD daily time frame 🇪🇺🇳🇿
Similarly to USDCAD, EURNZD is also in a deep consolidation.
The pair trades in sideways for many days, perfectly respecting the same
horizontal resistance and support.
Our trigger and the signal will be its breakout.
3️⃣ GBPCAD daily time frame 🇬🇧🇨🇦
We see a violation of a significant daily horizontal resistance and a formation of a new year's high.
It indicates a clear strength of the buyers and a highly probable further bullish continuation.
I will look for a retest of a broken structure to buy from there.
4️⃣ GBPCHF daily time frame 🇬🇧🇨🇭
I see a confirmed breakout of a resistance line of a falling parallel channel.
With a high probability, the price will go up after its retest.
Do you agree with my market breakdown?
❤️Please, support my work with like, thank you!❤️
Exploring the Bullish Outlook for Litecoin (LTCUSD)Litecoin (LTC/USD) is showing a bullish trend, supported by several key fundamentals.
The cryptocurrency market is experiencing renewed interest, with Litecoin benefiting from its reputation as "digital silver" alongside Bitcoin's "digital gold" status.
Litecoin's upcoming halving event, expected in August 2023, is generating excitement as it typically leads to increased scarcity and potential price appreciation.
Additionally, Litecoin's growing adoption in real-world transactions and its recent integration into various payment platforms are contributing to its positive outlook. The overall crypto market sentiment is improving, with institutional investors showing increased interest in alternative cryptocurrencies like Litecoin.
I'm utilizing probabilities on my charts to get positioned into longs for Litecoin.
Now, let's take a closer look at my analysis.
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Feel free to share your thoughts and ideas in the comments below!
TATAMOTORSHi guys,
In this chart i Found a Demand Zone in TATAMOTORS CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
SIGACHIHi guys,
In this chart i Found a Demand Zone in SIGACHI CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
SWING IDEA - PRISM JOHNSONPrism Johnson , a key player in the building materials sector, is showing promising technical indicators that suggest a potential swing trade opportunity.
Reasons are listed below:
Break of Cup and Handle Pattern : The stock has broken out of a cup and handle pattern, which is a bullish continuation signal, indicating the potential for further upside movement.
Support at Crucial Zone of 150-160 : The stock is taking strong support around the 150-160 zone, a critical area that has previously acted as a strong support level.
Bullish Engulfing on Weekly Timeframe : A bullish engulfing candle on the weekly chart adds to the bullish sentiment, signaling a strong reversal from the support zone.
Double Bottom Pattern on Weekly : The formation of a double bottom pattern on the weekly timeframe further strengthens the bullish case, indicating a potential reversal from a major support area.
50 EMA Support on Weekly Timeframe : The stock is currently supported by the 50 EMA on the weekly chart, indicating that the long-term trend is intact.
Target - 199 // 220 // 250
Stoploss - weekly close below 142
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@visionary.growth.insights
HFCL Ltd. Resistance Rejection Sell Setup - 5:1 Risk-Reward Rati
Description:
This setup on HFCL Ltd. demonstrates a resistance rejection pattern with a focus on high-probability sell trades. The steps in this trade idea are as follows:
Candle Identification: We start by identifying a candle that has closed above the all-time high.
Candle Confirmation: The next two candles should close below each other, confirming a resistance level.
Resistance Confirmation: The continued closing of candles below resistance indicates strength in the rejection of this level.
Sell Execution: A sell trade is initiated as per the strategy, with a stop-loss placed at 160.00 and a risk-reward ratio of 5:1.
The target for this trade is set at ₹139, and the stop-loss is placed at ₹160. This setup provides a clear framework for executing trades with proper risk management.
Probabilities in Play: Positioning for EURUSD ShortsEconomic Landscape
Eurozone Challenges
The Eurozone is experiencing sluggish growth, with some nations nearing recession.
Persistent inflation pressures the European Central Bank (ECB) to maintain tight monetary policy.
U.S. Economic Strength
The U.S. economy shows resilience, bolstered by strong job markets and consumer spending.
The Federal Reserve’s hawkish stance on interest rates supports a stronger dollar.
Geopolitical Factors
Ongoing geopolitical tensions, particularly in Eastern Europe, create uncertainty for the Euro.
Trade Idea
Given these fundamentals, my bearish outlook on EURUSD is supported by current global trends. I plan to utilize probability-based strategies to enter short positions. By analyzing key support and resistance levels, along with technical indicators, I aim to identify high-probability entry points for shorts.
Happy trading, and may the probabilities be in your favor!
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USOIL : Why a 56.53% Probability Signals a Strong Bullish Move!The current global landscape presents several factors supporting a bullish bias for USOIL:
Geopolitical Tensions: Ongoing conflicts in the Middle East continue to create supply uncertainties, potentially driving prices higher.
Economic Recovery: As major economies show signs of improvement, demand for oil is expected to increase, putting upward pressure on prices.
OPEC+ Production Cuts: Recent decisions by major oil-producing countries to limit output could lead to tighter supply conditions.
Leveraging Probabilities for Strategic Positioning
I'm utilizing probabilistic analysis on my charts to get positioned into longs. Here's why this approach is valuable:
1. Risk Management: By assessing probabilities, I can better gauge potential outcomes and adjust my position sizes accordingly.
2. Identifying High-Probability Setups: Probability-based analysis helps pinpoint trade entries with higher chances of success.
3. Emotional Control: Using probabilities provides a more objective framework, reducing the impact of emotions on trading decisions.
4. Adapting to Market Conditions: Probabilistic thinking allows for flexibility in strategy as market conditions evolve.
By combining fundamental analysis with a probability-based approach to technical analysis, I aim to capitalize on the bullish potential in USOIL.
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The Power of Probability: Navigating BTCUSD Longs with PrecisionSeveral key fundamentals support a bullish outlook for BTCUSD. Increasing institutional adoption of Bitcoin as a hedge against inflation continues to drive demand.
There's growing interest in Bitcoin ETFs, potentially broadening investor access. Recent political developments, such as President Biden's unexpected withdrawal from the 2024 election, have introduced volatility in traditional markets, potentially making Bitcoin more attractive as an alternative investment.
Additionally, on-chain metrics show a shift towards Bitcoin accumulation, especially among large wallets and long-term holders, suggesting renewed market confidence.
I'm utilizing probabilities to position myself for long trades in BTCUSD. By focusing on high-probability setups, I can identify favorable entry points where the risk-reward ratio is advantageous for long positions
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Let's discuss our strategies and learn from each other!