Swingtrading
GBPUSD Week 9 Swing Zone/LevelsLast week saw a few pinched pips and also few losses. This highlights the benefit of having a good risk to reward ratio.
Weekly zone and levels are mapped based on previous week daily high-low relationship (ie Monday HL in relation to Tuesday in relation to Wednesday HL, etc). This generates a fairly accurate levels with actual price action determining trades.
SL, stoploss is usually btw 10-15pips
TP, Takeprofit is 5-10x that, with sl moving to BE, breakeven once trade pinches +20pips.
USD/CAD rallies for fourth day into resistanceUSD/CAD has continued higher for a fourth day, but I suspect this is part of a countertrend move around a larger move lower.
Market positioning his extreme levels of record short exposure to CAD futures last year, and many of these bears refused to return despite USD/CAD continuing higher. The sharp reversal lower from 1.48 also suggests we have seen a significant top on the pair.
I am now seeking evidence of a swing high around the 1.4386 HVN (high-volume node) and for momentum to realign with the sharp selloff witness at 1.48.
Matt Simpson, Market Analyst at City Index and Forex.com
AUD/USD dip could be nearing its inflection pointAfter a 3-week rally which stalled around the 64c handle with a shooting star candle, a pullback was almost inevitable. but we have already seen AUD/USD fall for four consecutive days, and recent history shows its bearish streaks tend to max out at five down days. Given support is nearby and the AU-US 2-year yield is rising, I am now seeking a swing low around the 0.62750 - 0.6300 area for at least a minor bounce.
But if the recent swing low on the US dollar index gives way, perhaps something much bigger.
A break above 0.6420 opens up a run to 0.6500.
Matt Simpson, Market Analyst at City Index and Forex.com
S&P500 - The 2025 Bullrun Just Started!S&P500 ( TVC:SPX ) will rally massively during 2025:
Click chart above to see the detailed analysis👆🏻
Over the past couple of years, the S&P500 has perfectly been respecting the trendlines of a rising channel formation. After the recent rally of +70%, it is quite likely that - following the 2020 cycle - we will see another final rally of about +20% before the S&P500 will correct itself.
Levels to watch: $7.000
Keep your long term vision,
Philip (BasicTrading)
BERGEPAINT good to studyNSE:BERGEPAINT
Given Breakout of Range
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
NOT SEBI REGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
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You are solely responsible for any decisions
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ASX 200 futures (SPI 200) stablising around 8200The ASX 200 futures market has fallen close to 5% from its all-time high, with 5 of the 7 candles since the top being bearish. However, the daily RSI (2) reached oversold on Friday, a bullish pinbar formed on Monday and a small bullish divergence is now forming on the daily and 1-hour chart. The pinbar low also found support at a weekly VPOC (volume point of control) and weekly S1 pivot.
Given the selloff came in a relatively straight line, I cannot help but suspect at least a minor bounce is due.
The near-term bias remains bullish while prices hold above last week’s low, and bulls could seek dips towards 8200 / 8191 VPOC area. 8300 and the weekly pivot point at 8345 could make viable upside targets for bulls.
NZDCAD: Bullish Forecast Explained 🇳🇿🇨🇦
I see a nice inverted head & shoulders pattern on NZDCAD
on a daily time frame.
Its neckline was broken on Thursday last week with a high momentum bearish candle.
Probabilities will be high that the price will rise after its retest.
Goal - 0.82
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PLTR $84 FVGI can see a strong displacement to the downside. I can visualize 1 of 2 events happening the next few weeks. Either PLTR will go back up to previous high making a doble top on the 4 hour chart to then fill FVG to the downside. Or it will continue displacements making lower highs until it reaches the Order Block.
My price range of this downside is to the $83/85 area. If you seen my previous predictions. You know it's only a matter of time.
NASDAQ:PLTR
CADCHF | 130pipsAfter waiting a while another opportunity presents it's self
Weak price in buyers at top with the same range, looking at a ~130pip drop.
First I waited for buyers to break above resistance, and then to see what else they could do afterwards
As price went on we saw buyers try to step back in but only for sellers to keep pushing down creating Lower Highs and Lower Lows
This tells me buyers aren't too interested and could see sellers step in with more strength as time goes on.
Price is also consolidating around SMA-150 exactly after the rejection which tells me price is building up for a reversal.
Same rules apply:
- Shorts Only
- Setup will take 20 days start to finish
- The actual trade will take 6 days +
DOLLAR INDEX (DXY): One More Bearish Movement
Dollar Index keeps updating the lows on a daily.
With a strong bearish movement, the price violated a key horizontal support yesterday.
Probabilities are high that the market will continue falling.
Next support - 106.15
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Deflationary Casino CoinI would not sleep on this token.
They buy back then 🔥 a portion of their total supply every hour.
With the MACD creeping back up on a 1D, it's showing some divergence. And it currently being oversold - hard to pass up the opportunity.
Bullish crypto market scenario leads us to 0.18
Conservative bearish outlook we still land around 0.11
Disclaimer: I am not affiliated with Rollbit and do not encourage anyone to gamble.
ETHUSD and Crypto Signaling Risk On?So typically for equities I use the one hour, but when it comes to crypto being that a trading day is 4x a typical day for equities, I use the 4 hour. The one thing about my momentum indicator, is that forward testing has indicated that the longer a trade survives, the more likely it is to win! This one looks like we have a double bottom in the works as it approaches the neckline. If it can breakout, instead of testing that take profit, we are likely to smash thru it. I guess patience pays...
The signal was created by the King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even something that measures breakout momentum called Beta for some equities! ETHUSD and over 100 equities are built into this script, as well as, BTCUSD and SOLUSD with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off). I always enable Using Bar Magnifier and On Bar Close in Properties.
MSFT with Room to Run to UpsideI guess what I love about this one is the fact that right now MSFT isn't exactly getting all that much love, and this sleeper has room to run if it can get above it's 200 day SMA! This one has been open for a couple days and if we can get a VIX crush Friday tomorrow it may just be getting started!
The signal was created by the King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even something that measures breakout momentum called Beta for some equities! MSFT and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off). I always enable Using Bar Magnifier and On Bar Close in Properties.
EUR/USD – Breakout or Fakeout? Key Levels to Watch!Hello again
EUR/USD has been pushing higher, testing a key resistance zone. The question is will it break through or get rejected?
📌 Here’s what I’m watching:
1.0541 is the key level price is hovering around. A clean break could push us towards 1.0644 & 1.0747.
If it fails to hold, we might see a retest of 1.0450 and 1.0427.
👀 My Take:
If price stays above 1.0541, we could see bullish continuation. But if we drop below 1.0450, then this might have just been a fakeout before heading lower.
Going Long with ADBE!ADBE after hitting take-profit, sold off during first hour of day and got stopped, only to reverse. Typically when trades start to win, they continue doing so, which is why I went long when the signal fired earlier.
The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even something that measures breakout momentum called Beta for this one! ARKK and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off).