EURCAD - HEAD AND SHOULDER / DESCENDING CHANNELHello traders, here we are again looking at EURCAD with a nice sell opportunity. on the 4hr time frame, there is a clean descending channel with some false breakout but with that, the chart is neat and clear about the market direction...
currently, there is a head and shoulder pattern formed, with breakout and a retest of the 0.5/0.618 retracement levels just as i have clearly indicated on the chart.
This is a clear SHORT opportunity with stop loss above the retracement zone...
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Tradesetup
When to up your share size?Many traders have 2 or more trade set ups.
It is important to know the following:
1)The risk of your trade must be in accordance with the winning percentage of the trade set up.
1)Your share size should increase or decrease in accordance with the winning percentage of the trade set up.
* Share size increase must be in accordance to you account size (account management)
These concepts are what separates really good traders from average traders.
TATACONSUMER - Harmonic PatternThere is been a probability of Butterfly Harmonic Pattern on the weekly chart of TataConsumer Ltd.
Positive price action
Price should close above 815 levels on weekly chart, for this probability to unfold
If it unfolds, stock most probably is moving towards 950-970 levels in the coming weeks and months.
Good support at 750-760 levels
Type of Trade: Positional Long Trade
i would be buying on a dip and also pyramiding on the way up.
NASDAQ will Go Up SoonFinally found perfect Change of Character before break the swing level 11500 & pull backed from 11030$, as humans can't live without water same as market can't move without liquidity. Finding Perfect Order Block Entry for Long.
Uptrend channel As you can see AUDJPY has been trending in uptrend channel for more than 15 days and making higher high and lower lows prove of uptrend and now he is at support all we need is just candle confirmation from 95.200 and we can go long to 96.500
If you liked my idea like it and comment your opinion
Good luck all☺️
21/08/2022 BTC Trade Plan - Trade HuntersThis a trading plan based on the symbol BTC/BUSD - Binance . TA provided by Shade from Trade Hunters .
All key levels and trading zones are marked in the chart (with all confluences noted in each zone).
*not financial advice.
Bitcoin Day Trading Setups, Scalping Entries🖥️ We have determined there is a --% chance Bitcoin will Rise (please read prior idea for uncertainty on today's trades ) from our current entry point.
📈 LONG BTC - Entry Price : $21,350📉
💵 Length of trade: we are expecting BTC to hit a $200 scalp, with a high end of $--- (Refer to "idea" BTC Important Levels + Fed "idea" for targets) and a minimum expectation of $---.
🕰️ Duration of trade: Our indicator gave a 70% chance for BTC to rise. Though with the Jackson Hole speech coming at 10am EST, fundamentals and timing are not normal today.
ETHEREUM WEEKLY REPORT Hello fellow traders!
Yes, we have been on a bearish run for some time, but it seems like the crypto market is trying to pull back.....and its showing. As you see, ETH has been on this slow progressive positive run, riding this channel perfectly. This momentum can lead to a big positive bull run soon or the complete opposite.
ETH is looking good and steady based on the slow positive climb its attempting. The crypto market is hostile as we all know, so please do your own research and trade responsibly.
CPNG views. Since the stock is at a good support that was created just before their earnings, the stock might go up to 19.6 and then fall back(primarily due to global data).
Considering the company is expanding Financing, OTT, fresh, owning the supplychain, logistics. They have a good potential to grow.
Disclosure: I own this stock in my investment portfolio, it looks good in the long run.
I'll the short this stocks in my trading account once it reaches 19.6.
Bitcoin Day Trade Setups, Scalping EntriesBitcoin Scalp Entry, with a Swing Trade Option for a bigger time-line
🖥️ We have determined there is a 70% chance Bitcoin will rise from our current entry point, for a scalp. 60% the Swing Option
📈 LONG BTC - Entry Price : $23,450 📉
💵 Length of trade: we are expecting BTC to hit a $400 scalp, with a high end of $600 and a minimum expectation of $250.
- ⤴️ With a possible Swing Trade forming with a high end profit of $1000
🕰️ Duration of trade: we are expecting this to no occur within 5 hours of this signal, with a maximum duration of 10.5 hours .
- ⤴️ With a possible Swing Trade duration of 27 hours.
🏛️🗞️ With the U.S. Federal Reserve news coming out today, it created a dip in the market.
Generally this year BTC has dropped, then rose above its initial fall point after Fed news was announced. That is why we are still holding our Long from yesterday while Entering a second position.
Working Out A USDCAD Trade Idea I don't normally compare many markets when analyzing currencies, but I thought I'd try something new. Apart of being a trader is pushing yourself to try and track the results if you'll succeed or fail overtime. This is my first step forward trying this out. Let's see what happens.
Markets I'm using?
* Dollar Index- Indicie
* USOIL- Commodity
*USDCAD- Foreign Exchange market
The idea is USDCAD will continue back to the previous low. Price is already testing my estimation zone(my created name to my trading strategy). If price closes bearish today I will enter the trade.
What will invalidate the sell?
As I am not in the trade yet, if price closes bullish I will not enter the trade. If price passes the last high at 1.29844, I'll know price has reversed.
FYI: I am a swing trader who trend trades and trades based on the supply and demand of price. I don't use patterns, alot of indicators, or many candlestick formations. I keep my trading as simple as possible so I can see price action.
Thank you for reading and watching the me analyze this trade idea!
$EURGBP - Trade Idea!$EURGBP - Trade Idea!
It's been a good trade to pair considering the weakness of GBP. However, shorter term trade idea a break to either direction. There are plenty of other EUR minor pairs brewing for great R/R trade opportunities.
Regarding data front we have: GBP - CPI, US - Retail Sales, FOMC mins, Unemployment claims and much more out AUD & NZD.
Have a great week ahead,
TJ
Daily analysis and day trading setups on DAX Ger30 20220812Happy Friday,
Bulls are trying to reach for 14k handle while bears are barely holding their shorts (full on pun intended)
Line in the sand for DAX today is 13580
Macro EU Industrial Production, GB GDP Estimate, US Michigan Cons. Sentiment Index
Buy
Break: 13690, 13760, 13830
Reversal: 13660, 13580, 13520, 13430
Sell
Break: 13670, 13600, 13530, 13430
Reversal: 13710, 13770, 13840, 13870, 13940, 14k
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
EURGBP - BREWING$EURGBP - BREWING
These past months even though its a summer, there have been so many great opportunities and here is another one - EURGBP
C&H brewing, if we break above and out of this channel - bulls are firmly in control and expect this C&H pattern to brew nicely to key resistance zones.
Enjoy 🌞
TJ