Swingtrading
NVDA Breakout: Key Levels to WatchHey traders, it’s Mindbloome Trader here! In this video, I’m breaking down NVDA from the weekly to the 4-hour chart. We’re at a crucial point—if we break above $125, we could rally to $127-$129. But if we slip below $122, watch for a drop to $120 or lower. Stay sharp and remember—trade what you see, not what you think!
SWING IDEA - KPR MILL LTDToday, we delve into KPR Mill Ltd , where a confluence of technical factors suggests a potential swing buying opportunity.
Reasons are listed below :
KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential strength.
Weekly charts showcase a bullish dragonfly doji, signaling a potential trend reversal, while daily charts reveal a bullish hammer pattern, enhancing positive sentiment.
The stock bounced precisely off the 200-day Exponential Moving Average (EMA) on the daily chart, highlighting this level as a robust support.
Continuous formation of higher highs affirms the sustained uptrend in KPR Mill Ltd, reflecting positive market sentiment.
With the stock trading above both the 50-day and 200-day EMAs, there is added strength to the current positive trend.
Target - 861 // 928 // 1050
StopLoss - weekly close below 716
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - CITY UNION BANKCity Union Bank is showing promising technical signals for a potential swing trade.
Reasons are listed below :
170 Zone Tested Multiple Times : This key resistance level has been tested several times, indicating a potential breakout.
VCP Pattern (Volatility Contraction Pattern) : A bullish chart pattern signaling a possible price surge.
Bullish Engulfing Candle on Daily Timeframe : A strong reversal signal, highlighting increasing buying pressure.
50 EMA Support on Daily Timeframe : The stock is well-supported by the 50-day EMA, reinforcing the bullish sentiment.
Target - 185 // 205
Stoploss - daily close below 159
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - HUDCOHUDCO is showing potential for a swing trade based on technical signals.
Reasons are listed below :
230 Zone as Strong Support : The 230 level has been a crucial support zone, providing a solid base for potential upward movement.
Bullish Engulfing Candle on Daily Timeframe : A strong bullish engulfing candle indicates growing buying pressure.
0.618 Fibonacci Support : The price is bouncing off the 0.618 Fibonacci retracement level, suggesting a potential reversal.
200 EMA Support on Daily Timeframe : The stock is finding support at the 200-day EMA, reinforcing the bullish outlook.
Target - 280 // 310 // 345
Stoploss - daily close below 225
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
The dollar index and the return of currency authorityAccording to the behavioral analysis of the dollar index chart and the upcoming elections in America, there is a possibility of choosing the party that supports the return of the dollar to power in the global arena and very strong and accurate economic policies.
In the long term, the dollar index will reach the range of 120, but for a shorter period of time, according to the chart, it will reach the goals.
Brent oil and the global recessionConsidering the events in the Middle East and the possibility of the involvement of oil-rich countries, and on the other hand, the economic policies of the United States and the growth of emerging countries in the economic field and the increase in demand from the behavioral financial point of view, oil has the potential to reach the range of $125 per barrel and after that. It has the construction of historical prices in 2025.
Bitcoin on the runwayDue to the time and price correction of Bitcoin and also the market's luck for the growth of this symbol after a two-week break and the determination of the task of the American elections, expect Bitcoin to start moving towards the range of $80,000 and then reach $150,000. I imagine
Fundamentals Favoring a Bullish USDJPY:What Traders Need to KnowIn today's trading environment, the USD/JPY currency pair presents a bullish opportunity. Here are some key fundamentals that support this bias, along with an explanation of utilizing probabilities for positioning long trades.
Key Fundamentals Supporting a Bullish Bias on USD/JPY
1. Bank of Japan's (BoJ) Monetary Policy: The BoJ has maintained its accommodative monetary policy, refraining from committing to predefined rate hikes for the remainder of the year. This stance is likely to weaken the Japanese Yen against the U.S. Dollar as traders anticipate continued divergence in monetary policy between the Fed and the BoJ.
2. U.S. Economic Growth: Recent data indicates a pickup in U.S. economic growth without significant inflationary pressures. This environment supports a stronger U.S. Dollar as it suggests that the Federal Reserve may not need to cut rates aggressively, contrary to some market expectations.
3. Market Sentiment: The overall sentiment in the forex market is leaning towards a bullish outlook for the U.S. Dollar, particularly against currencies like the Yen, which is under pressure due to Japan's economic conditions and the BoJ's policies.
Utilizing Probabilities for Long Positions in USD/JPY
When trading, I prioritize using probabilities to enhance my decision-making process.
In conclusion, by focusing on probabilities and key fundamental indicators, I am strategically positioning myself for potential long trades in USD/JPY.
This method not only enhances my trading confidence but also provides a structured approach to navigating market volatility effectively.
Let's dive into my comprehensive top-down analysis together:
12M:
2W:
1H:
GBPUSD Live Week 40 Swing zonesAfter 12 weeks of consistent trades; seems about time to trial live.
Yep, Week 40 will be real money trades.
Starting with a balance of $200 and SL of 10-15 pips, this should give about 13-20 trades before blowout (hopefully not).
Some trades will missed, entries off; yea, most of us have a 9-5ish job and need sleep.
Week 40 SZz are set.
Price action determines trades
Trading is risky, am trading with money i can afford to lose.
Follow and journey with me
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.
❤️Please, support my work with like, thank you!❤️
XAUUSD H1 - Short SignalXAUUSD H1
We broke our area of resistance here on XAUUSD over the eastern session. We have now made a slight adjustment to our trading zone, $2,660/oz has now been moved to circa $2,670/oz. Which now incorporates the next level of resistance, and stops now cover the next areas of previous high price.
We have that whole number confluence, area of H1 and H4 supply, obviously areas of resistance... Lets see what this zone offers, but again, treading carefully around the data cluster we have later today.
US30 H1 - Short SignalUS30 H1
Last setup for the morning, we are quite far away from our trading zone here and our entry point, but if we are waiting for data to release, this is good for us. It gives us a zone to follow and be prepared for. We have now set our alerts and we wait patiently to see what unfolds.
We will take some time away from the markets now, with alerts set and wait for the 'ding' to trigger before making any decisions.
SWING IDEA - OBEROI REALTYOberoi Realty is presenting a promising swing trade opportunity based on the following technical signals.
Reasons are listed below :
Symmetrical Triangle Breakout : The price has broken out of a symmetrical triangle pattern, indicating a potential upward movement.
Strong Bullish Candle : A robust bullish candle signals increasing buying momentum.
Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day EMAs, further reinforcing the bullish trend.
Target - 1950
Stoploss - daily close below 1730
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Weak Technical Patterns Ahead of EarningsFor now, NYSE:GS the largest of the Financial Services companies left, is struggling a bit. Trading activity in this stock is well below its average at this time. No pre-earnings run patterns have developed yet. There is some rotation recently, with lower money flow.
EURAUD Long term longs, get in now or wait for pullbacksSimple technical analysis here, price has been wallowing around these lows for a while and it's the bottom of the higher time frame channel, great opportunity to start buying here with great risk reward.
Buy now and hold or wait for pullbacks if you're more conservative. Not sure on targets, would hope for a 50% pullback at least or possibly higher but that's a long hold.