WEEKLY CHART - RANA SUGARS LTDThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
RANA SUGARS - MY VIEW - EXPECTED 150.63% RETURNS/ GAINS ✅✅✅✅
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Swingtradingsetup
ADANIPORT SPECIAL SWING TRADEStock is looking good on most of the timeframes.
On the hourly chart, it is consolidating above the previous resistance, which is now working as support i.e 818-820.
Sustaining the support, the stock can probably move towards 840 to 860 levels in the coming trading sessions.
The Nasdaq 100 feels the weight of soft earningsThe Nasdaq was the weakest of the three major indices on Wall Street ahead of Apple’s earnings report scheduled later today.
Despite a strong start, Wall Street indices snapped a 3-day winning streak on Wednesday and handed back early gains just before lunch. Weak earnings guidance from large tech companies weighed on sentiment and served as a harsh reminder that we’re in a bear market. Microsoft (MSFT) and Alphabet (GOOG) shares fell around –8% and -10% respectively, causing concerns that Apple (AAPL) will also report a gloomy outlook later today.
The Nasdaq 100 has risen over 11% since its October low, but price action suggests a swing high may have formed. A resistance zone around 11,680 includes the 50-day EMA, 38.2% Fibonacci ratio and previous swing highs, and a bearish pinbar has formed on the daily chart.
Nasdaq E-mini futures :
Despite the weak close, the Nasdaq 100 is currently set to open around 0.4% higher looking at price action on Nasdaq futures. Yet as prices are only drifting higher the current assumption is this is part of a retracement, and we anticipate a break of yesterday’s lows.
Nasdaq 100 daily chart :
Given we are amidst a busy earnings season, we’re not looking for an outlandish move and will be ready for markets to turn one way or another at short notice. But given the Nasdaq’s reluctance to break above resistance ahead of Apple’s earnings, the path of least resistance over the near-term seems to be lower. 11,200 makes a viable initial target ahead of the lows around 11,000 – which also coincides with the June low – a break beneath which brings the month to date (MTD) low into focus.
EURUSD: Detailed Structure Analysis 🇪🇺🇺🇸
A lot of questions about EURUSD.
Here is my latest structure analysis and key levels to watch for you:
Analyzing a monthly time frame, I spotted 0.94 - 0.96 historical support
based on a price action of 2001 and 2002.
On a daily time frame, a bit lower, we have a support line of a major falling parallel channel.
The trend line and a monthly horizontal structure compose a solid demand zone from where the pair may bounce.
Concerning the resistances, I see 0.986 - 0.99 horizontal resistance and a resistance line of a channel.
They compose a supply area.
Consider these structures for pullback / breakout trading.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
USDJPY: The Long-Term Goal 🇺🇸🇯🇵
This August was very bullish for USDJPY.
The monthly candle closes in just 13 hours, and we see a very cute bullish engulfing candle on the chart.
I want to remind you, traders, that we spotted earlier a confirmed violation of 20 years' high.
We concluded that such a violation will push the pair much higher.
I believe that the next long-term goal for buyers is 146.0 - 147.6 resistance, based on 25 years' high.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
"ABBOTINDIA" Swing trading ideaAbbotindia standing in the support zone if we see a pullback from the support zone then we are interested to take on trade from here.
why support zone?
we know that previous support work as support according to price action theory and high volume area also act as support when price come back to that zone and we add one more thing called average price, average price of some important event also work as support and resistance.
here,
we get conjunction of all these things. that is why we assume this zone can act as support. we add more things just for extra edge.
Trading setup = Conjunction of ( Volume profile + Price action + Avarage price )
when pullback from the zone then we take long trade until waiting...............................................................
thank you for your time
"ABBOTINDIA " ,Swing trading setup"ABBOTINDIA " is currently standing at the support zone if we pull back from here, we definitely interested in a long trade.
why support zone,
when we get conjunction of high volume profile, previous support, and resistance, and the average price of some important event.
Setup = Conjuction of (volume profile + Privioue support + Avarage price)
BTC Trend Weakening BTC price action has shown the first signs of weaknesses on bullish direction. First off, previous high/resistance of $24670 has not been broken neither tested weakening the weekly bullish set up over last month for the first time. Secondly we can notice bearish RSI Divergence highlighted by the white trendlines. Furthermore, MACD shows a bearish crossover in which indeed the MACD line passes below the Signal line. However, we are getting closer to 200EMA resistance and to the trend line which will work as strong support. For this reasons, if such a structure were to be invalidated we suggest to take a short position as the following:
Entry price: $22700
Target price: $22400
*30X Leverage
EURCHF: How to Catch The Next Bullish Move 🇪🇺🇨🇭
I have nicely predicted a pullback from a key weekly structure on EURCHF.
Ahead is a strong daily supply area.
To catch a further bullish continuation, wait for a bullish breakout (daily candle close above) of 0.9786 - 0.982 area.
After a breakout, a bullish continuation will be expected to 0.987 / 0.9915
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will Fall from our current entry point.
📉 SHORT BTC - Entry Price : $23,680 📉
💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $575, and a minimum expectation of $200. We are looking for BTC to hit the bottom of the liquidity vector created on July, 28th 📆
🕰️ Duration of trade: we are expecting this to occur within 2.5 hours possibly with a spike, or make a steady drawdown, with a maximum duration of 9 hours . We can see a weekend spike or slow drawdown, and then a spike around 4pm EST
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will rise from our current entry point.
📈 LONG BTC - Entry Price : $23.920 📉
💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $550, and a minimum expectation of $150
🕰️ Duration of trade: we are expecting this to occur within 6 hours of this signal, with a maximum duration of 9.5 hours .
❗📋 We have a Signal for BTC to hit a Scalp, where we feel a quick spike up $200-250 is probable. But we do see a possibility of this trade taking a while and hitting near $24,500 at New York Market Open in the morning. Sometimes trades go slow until then.
❗📈BTC hitting 24,150 - 24,250 sooner then later to test the resent daily high seems very probable. Bitcoin might reject at this place, or shoot through, but we feel will touch this point regardless.
CADJPY-GBPJPY Forex Trading AnalysisGBPJPY Analysis
GBPJPY recently formed a diagonal pattern which in this case we would consider to be an Ending Diagonal pattern. The sell-off could still continue prior to we haven’t seen a clear correction pattern to the downside we only see price as an impulse wave. Now we are likely to see impulse moves continue.
CADJPY Analysis
GBPJPY is not any different from CADJPY we are seeing many similarities between these two pairs they are more corralled waiting for a correction before considering the next buy trade idea. The only difference is that GBPJPY is forming an Ending Diagonal whereas CADJPY is forming a Leading Diagonal pattern.
How to swing $DEN for maximum profitHi traders,
We have a trading idea to offer you in DEN stock.
The idea is an idea based on technical analysis only.
So like this, DEN stock has been converging for over a year and seems to be changing direction to the downside. The simple moving averages support us in the idea and give us confirmation that the trend is changing and we are likely to see a decline soon.
Currently, the moving averages are relatively far from the price action and we would like to see them continue to fall so we can get a shorter stop.
The idea is that there are a lot of stops from buyers from the last year sitting below the support level and once it is broken the orders will be activated and we will see a breakdown of the stock strongly downwards.
USDCAD BIG SELL Currently, we are in a correction phase waiting for the breakout in the future time to come. When wave C got completed, based on my perspective or view, a falcon wave has already formed also waiting for the breakout. A slight correction which started from 1.20000 to a fibs level between 50.0% and 61.8% is my anticipation. Once price reaches those fib level look for rejections and ride the big sell as the impulse wave continues
EURCAD: Important Decision Ahead! Your Plan: 🇪🇺🇨🇦
EURCAD is trading in a long-term bearish trend.
The pair started to consolidate within a horizontal trading range on a daily from the beginning of April.
Now the price is approaching its support.
From a current perspective, I see two potential scenarios:
If the price breaks and closes below the support of the range on a daily,
then a bearish trend continuation will be expected to 1.325
The price may respect the underlined structure.
To catch a pullback from that, watch a falling trend line on a 4H time frame.
If the price breaks that to the upside, I will expect a bullish move at least to 1.35
Wait for a breakout and then follow the market.
What do you expect?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
CRUDE OIL Remains Bullish After A Triangle PatternWTI is overall in a Bullish Trend and recently we saw a clear bullish Triangle occur for the 4th wave sequence an Elliott Wave impulse move. We have a clear 1-2 1-2 sequence in-game price that seems ready for the next rally up to complete the third wave on the blue degree. Although we have to watch really closely in relation to what happened to XAUUSD previously as it reached a recent high after a Triangle pattern and then reversed but that doesnt mean we cant take advantage of the next move to the upside.
MarketBreakdown | EURUSD, USDCHF, WTI OIL, NZDUSD
Hey traders,
here is a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ EURUSD - Monthly time frame 🇪🇺 🇺🇸
The market reached 6-years-low last week.
And as I predicted, the market started to recover.
It looks like bullish pressure is strong enough to even break a daily structure resistance.
I believe that we may expect a further bullish continuation
2️⃣ USDCHF - Daily time frame 🇺🇸🇨🇭
As I predicted, the pair dropped nicely from a resistance line of a rising parallel channel.
Now it is approaching its support.
If the price breaks that to the downside, I will expect a bearish continuation on the pair.
3️⃣ WTI Crude Oil - Daily time frame 🛢️
The price recently broke and closed above a strong horizontal resistance.
Now the goal for buyers is March's High.
From that I will look for a pullback trade.
4️⃣ NZDUSD - Daily time frame 🇳🇿🇺🇸
The pair is trading in a strong bearish trend.
Setting a new lower low lower close on a daily the market retraced and now we see a nice correctional move.
Ahead is a strong horizontal resistance.
Look for trend-following opportunities from there.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
How To Catch 100's Of Pips Swing TradingIf you struggle catching 100 pip moves all hope is not lost. It just takes a bit of tweaking the right strategy to find great longterm moves. In this video I will be sharing with you 3 tips on how you can become a swing trader who can catch massive moves with the stress of day trading.
Let me know what you think by leaving your thoughts below.
MarketBreakdown | Dollar Index, USDJPY, USDCAD, AUDUSD
Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.
1️⃣ Dollar Index (DXY) - Daily time frame 💵
The index is trading in a strong bullish trend.
Since the beginning of March, the market started to consolidate within a horizontal trading range.
Its bullish breakout will trigger the next strong bullish wave
while its bearish violation will lead to an initiation of a correctional movement.
Also, while the market is consolidating, consider range trading selling from resistance and buying from support.
2️⃣ USDJPY - Monthly time frame 🇺🇸🇯🇵
The pair is approaching 6 years' high.
Chances will be high that the price will start a correctional movement from that structure.
Wait for confirmation to short.
3️⃣ USDCAD - Weekly time frame 🇺🇸🇨🇦
The market broke and closed below a major rising trend line on a weekly.
It is a very strong bearish clue and now the pair can drop lower.
Bias is very bearish and I am looking for shorting opportunities on a retest of a broken trend line.
4️⃣ AUDUSD - Weekly time frame 🇦🇺 🇺🇸
The pair is approaching a strong weekly structure resistance.
I am expecting a pullback from that structure.
Wait for confirmation on lower time frames to short.
❤️Please, support this idea with a like and comment!❤️