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AUD|USD Multiple Timeframes AnalysisDaily Timeframe Analysis On the daily timeframe, AUDUSD has been trading in a downtrend. We have a double zig-zag correction pattern. Waves (W) and (Y) are zig-zag correction patterns, wave (X) flat correction wave (Y) is possibly over and we could be turning into a bullish trend. Price has broken through the channel in the bullish trend. Based on technical analysis AUDUSD is bullish. 4Hour Timeframe Analysis It’s interesting to see the trend ends with an Ending Diagonal pattern, more than likely we won’t break below the old low on the 5th wave. Recently price made a push-up as an impulse move, as we know price moves in impulse-correction-impulse sequence so now we have to expect a sell-off as a wave (2) before the next rally as an impulse move for the wave (3). 1Hour Timeframe Analysis On the 1hour timeframe, we can see a clear impulse move for a wave (1) on a higher degree. We need to see a pullback/correction. The correction can be any corrective pattern except a Triangle pattern. The Fibonacci retracement is not the focus but on how the correction pattern unfolds the deeper the pullback the higher the R/R and less risk in terms of pips.
Long
by Weshareio
USDCHF-EURUSD Forex Trading AnalysisEURUSD Analysis EURUSD is repeating the same structure as the one from the bigger degree as the one we are currently at. Often times we like to mention that saves 1 and 4 are never overlapped and it’s no exception here. Wave 4 touched the 50% retracement level as from previous wave 3. The are multiple ways to set targets for wave 5 one being the use of the Fibonacci multiple technique or wave 1 distance as they are often equal. USDCHF Analysis Price was pretty much in a correction phase this week which many consider being a Zig-Zag correction. Other charting practitioners call this a flag pattern. It would be wise to anticipate the price to reach the 78,6 Fibonacci level and then reverses to the upside direction.
by Weshareio
NYSE - SwingTrading: Buy Signal DLTRThe stock DLTR on our watchlist crossed a low risk enty point and generated a buy signal, we have added the stock to the JS-TechTrading portfolio. SL is less than 5.74% (SL at 161.9), profit target is > 12%. DLTR has a high relative strentgh (IBD style) and broke out of a volatility contraction pattern earlier today under high volume . Until now, the price / volume action is great. We have recommended to open an DLTR position to our clients in real-time earlier today.
NASDAQ:DLTRLong
by JS_TechTrading
ASIANPAINT Trade OpportunityAs of 23 February ASIANPAINT closed at 3237. If you look at the chart the stock is trading above the TRENDLINE. There is small RESISTANCE area between the price of 3262-3282.If it consolidate between the TRENDLINE and the RESISTANCE area for next 2-3 days then after that it can give a UP side momentum. NOTE- ENTRY-3190-3264 STOPLOSS- 2980 1st TARGET- 3470 (8%) 2nd TARGET- 3800(16%) DISCLAMIER- THIS IS JUST FOR EDUCATIONAL PURPOSE,DO CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING.
NSE:ASIANPAINTLong
by chartisttrader1
NUAN - 5.69% Potential Profit - Corridor BreakoutThis is an unusual play for me since I don't usually trade uptrend corridors breakout, especially when they hit ATH. However, there is an unusual volume on this specific stock, and their tech partnership with Microsoft might act as a short term catalyst. Uptrend Corridor broken out after a 6-month bull run. Decent amount of new support confirmation on the 15-min chart. Momentum is present, and the RSI / STOCH / MACD are on our side. My priority is to enter with a Buy Limit in order to decrease risk. However, a higher-risk appetite might justify chasing the run with a Buy Stop. - Target Entry $33.03 (Buy Limit) or $33.25 - Target Stop Loss $32.63 - Target Exit $35.00 About me - P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | No Trades without Analysis - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
NLong
by maschera
STOR - 13.01% Potential Profit - Bullish PennantBullish Pennant broken out after a 6-month bull run. Momentum is set to continue with the company increasing dividends and announcing an increase of Real Estate acquisitions next year, strong of a good relationship with their tenants. Decent amount of new support confirmation on the 15-min chart. Momentum is present, and the RSI / STOCH / MACD are on our side. The only line of concern is that it is set to open below support according to Pre-Market data. I would wait a few minutes into the trading session before entering an order and potentially slightly change my entry/stop based on it. - Target Entry $29.43 - Target Stop Loss $29.11 - Target Exit $33.56 About me - P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | No Trades without Analysis - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
SLong
by maschera