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Swingtrading

USD/JPY continues to struggle ~158Over the past three days we have seen two false breaks above 158, both resulting with a daily shooting star reversal. The upper wicks also serve as a double top above 158, and with US economic data slowly souring, the case for a top on USD/JPY is building. Prices have found support around the May high, and another crack at 158 would not come as a surprise. Yet given that the daily RSI (2) is overbought and has formed a bearish divergence on the 4-hour chart, and the highest volume of yesterday coincided with a large bearish bar, the bias remains to fade into rallies around 158 or Friday's high in anticipation of its next leg lower. 157.30, 157 and 156.60 are the next downside targets for bears to consider.
Short
by CityIndex
S&P500 - Where will we go next?Hello Traders and Investors, today I will take a look at the S&P500 . -------- Explanation of my video analysis: Fore more than a decade, the S&P500 has been trading in a pretty clean rising channel formation. We had the last retest of support in 2022, which was followed by bullish confirmation and a rally of +45% in 1.5 years. At the moment the S&P500 is neither retesting support nor resistance and the path of least resistance is simply higher. -------- Keep your long term vision, Philip (BasicTrading)
TVC:SPXLong
by basictradingtv
4
China A50: Potential swing trade longThe China A50 rose over 20% from it January low to earn its 'technical bull market' status. Yet prices couldn't quite reach 13k before embarking on a -7% retracement over the next four weeks. Yet with it showing early signs of stability above support zones, perhaps a swing low is near - if not in place already. The daily chart shows a bullish engulfing candle on high volume, which respected the 38.2% Fibonacci level and 12k handle. The engulfing day also closed back above the monthly S1 pivot point. Bulls could seek dips within the engulfing day's range with a stop beneath its low, or 12k for a more conservative entry. 12.5k or the monthly pivot point make an appealing upside target for bulls.
SGX:CN1!Long
by CityIndex
HDFC BANK RE-ENTRY LEVELS FOR SWING TRADING 18/06/2024STOCKS FOR SWING TRADING (SHORT TERM) 18/06/2024 NO.8 #HDFCBANK Re-Entry Price - 1600 (CMP 1596) SL - 1460 TARGET - 1750, 1900, 2000 (10 - 20 - 25%) @jagadheeshjp Disclaimer : All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
NSE:HDFCBANKLong
by Jagadheesh_JP
Long - Multiple Edge Trading Entry 1. Low Volume Pull Back 2. High Volume Breakout (HVB) 3. Shake Out There is a temporary decline in a stock's price on lower-than-average volume within an overall uptrend, indicating selling pressure is weak. In additonal, the stock breakout the resistance with high volume suggesting strong buying interest and likely continuation of the upward trend. In additional, there is a price breaks below a support level near 10 and 20 MA but quickly reverses back above it - shake out of weak hands
MYX:RESINTCLong
by jieshengooi2697