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Light Crude Oil Futures Short Setup and potential Long Expecting some sideways before a move up into the 78.50 region and a pull back to the levels shown . Aside from the confluences I have documented , this plan also correlates well with my USD outlook . I will wait for the short and have alerts set but there is also a long from around 75.20ish if you wanted to take the move up beforehand. Of course this analysis could easily change so manage your risk accordingly with your trading plan . Support my work with a Like and Follow for future Analysis.
NYMEX:CL1!Short
by SJTRADESFUTURES
USD/JPY Bullish Trade Setup: Buy Limit at 149.5This USD/JPY trade strategy capitalizes on the currency pair's strong uptrend as identified from the monthly, weekly, and daily charts. The current price near 149.5 presents a compelling entry point for a bullish position. The setup involves: Entry Point: A buy limit order at 149.5, positioned just below the current market price, aiming to capture potential upward momentum. Stop Loss: Set at 148.5, below a recent swing low on the daily chart, providing a safeguard against unexpected downward movements. Take Profit: The initial target is 151.5, just below the key resistance level of 152.0. This level is chosen based on the price’s historical performance, where it has yet to break this significant barrier. The trade is backed by an overarching bullish trend, reflected in the higher highs and lows observed across all three timeframes. While the fundamental outlook indicates the USD's strength, particularly with better-than-expected retail sales data, the high sell sentiment in the market suggests a possibility of a short squeeze, further supporting a bullish approach.
Long
by Fexcat
TRADE SETUP_WAVE V IN ABBOT_15-20% MOVEAbbott India Ltd. is seen coming out of a fourth wave triangle and is expected to have completed wave i of V. The stock had remained in a 3month long correction during the fourth wave between Aug and Nov. The stock is currently close to the support area of 23000 and is expected to settle and reverse from around here. The final projected target for fifth wave completion comes in at around 27.5K-29K zone. Note*-The views expressed are personal observations/opinions. Kindly do your own analysis before taking up any trading positions.
NSE:ABBOTINDIALong
by neeraj_2_sharma
1
EURUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
14
ETH getting ready to drop to some massive supportSure, there is upside to 1780 and it could keep climbing, but I think we're going to see it drop before that occurs. There is a support trend heading in the bearish direction Then you have two really weak resistance lines developing on short term charts. Which makes me think it's about to see a drop off of those and then head to the bearish support trend. This is the best part because a lot of trends are leading to the same spot, which is a massive support trend climbing in the bullish direction. Personally, I see a fast movement down and then the next movement taking the price to 1745-1780 before coming back down to test 1690 again. Price target is more important, the 1608 target, the 1680 rejection, and the 1700+ line. I'll likely keep the updated price targets for this chart on my site, but otherwise, you'll need a new chart should the 1608 line fail or should the green trend break, which is a BIG time exit point trigger.
BINANCE:ETHUSD
by nicktussing77
2
ORBS/USDT TRADE SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this ORBS/USDT Trade setup. ORBS looks good here. Breaks out from the symmetrical triangle and also the cup and handle-like structure. Currently, retesting the neckline. Long some here and add more in the dip. Entry range:- $0.04370-$0.04470 Target1:- $0.049 Target2:- $0.058 Target3:- $0.064 Target4:- $0.070 SL:- $0.041 Buy on the spot or use low-leverage If you like this idea then do support it with like and follow. Thank You!
OLong
by CoreCrypto1
2
AUDUSD BEARISH SETUP|LONGHello Traders, here is the full analysis. Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
MOD Entry, Volume, Target, StopEntry: with price above 49.60 Volume: with volume greater than 849.33k Target: 53.30 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 49.61, 48.38 gets you 3/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:MODLong
by tradepatiently
Hindustan Unilever Swing TradeHindustan Unilever Swing Trade If you look at the chart that's labelled here, you'll notice that there are 5 downward swings. These swings are part of a larger correction that consists of 3 swings. The first part, which is called wave A, has 5 smaller waves within it. The second part, wave B, consists of 3 waves. Then, the final part, wave C, also has 5 waves within it as part of this 3-swing correction. Now, it's possible that we might see an upward movement in the price, possibly reaching a range between 2660 to 2700. This would be part of wave B. After that, it's expected that there could be a downward movement in the price, possibly going as low as 2390. This would be part of the larger correction and could represent the completion of wave C. Disclaimer : The information provided here is for educational and informational purposes only. It should not be considered as financial or investment advice. Trading or investing in financial markets carries risks, and you should carefully consider your financial situation and consult with a qualified financial advisor before making any trading or investment decisions. Past performance is not indicative of future results, and market conditions can change rapidly. Always do your own research and exercise due diligence before making any financial decisions. The author and this platform are not responsible for any losses or damages that may result from the use of this information.
NSE:HINDUNILVR
by imkhushal
COMP Trade UpdateTraders, Just realized I wasn't able to post the very fortunate trade entry that was made by me during our most recent flash crash a few days ago. I missed this post due to being briefly banned by TradingView for inadvertently violating House Rules. Long story short, I happened to be sitting at my computer that evening and was perusing the charts per the usual manner. I noticed that COMPUSD had reached its target down from the recent Head and Shoulders pattern seen. But because the selling pressure was so heavy I decided to set my buy order even lower per chance I might get the order triggered and filled. Therefore, I looked for the next best level down and found that level at 35.55. This is where I set my buy order. Lo and behold it was filled! In fact, my chart which gathers data from the Coinbase exchange here, shows the candle wick bottomed only a few cents lower at 35.43! This, traders, is why charting levels, trends, and patterns can be very helpful. Technical analysis is not always right. In fact, we have to count on a good percentage of our analysis being wrong. Such was the case in quite a few of my last entries which were stopped out during this flash crash. But TA gives us much better insight into what the probability of the trade becoming profitable might be. Pair TA with some fundamental analysis and you are well on your way to becoming a seasoned trader. Back to this chart. You can see that we remain in the H&S Target box. From a technical perspective, this remains a good re-entry area. Here are the positives: RSI back above support RSI still near oversold Price in H&S Target Box Price above good support (red area) Here are the negatives, including fundamental considerations: China FUD re: Evergrand bankruptcy Elon FUD selling BTC Macro-economic uncertainty = risk-off Fed Powell Speech Friday And one TA negative is that current candle is a shooting star As you can see, technically the trade remains in your favor. But there is a lot of FUD out there. Be cautious. Never risk more than you can afford to lose. Best, Stew
COINBASE:COMPUSDLong
by stewdamus
Matic Looks Ripe for a Bounce/Break HereTraders, Just browsing through the charts this morning and thought I'd throw out a trade opportunity. There are many but Matic looks especially juicy here. Of course, it's always a bit risky before a FED meeting/press conference (i.e.- Jackson Hole) but I am not offering trading advice. I just wanted to show you one of the many opportunities I have spotted this morning. Here's the case for entry here if you are so inclined: - That Yellow TL comes all the way from Jan. '21. It has NEVER been broken to the downside. - Price rarely touches this level on the RSI. Even more rare, would be a break below. Probability stands on the long side here. Best, Stew
M
by stewdamus
TRADE ALERT - LONG JOEYes, I know. The altcoin market is very nervous. And rightfully so. But Defi does especially well comparatively when regional banks are faltering. Right now, regional banks (KRE) are moving down and becoming weaker once again. Could we see more defaults? Probably. But this isn't about regional banks is it. We're looking at JOEUSD, a nifty little Defi play. So, aside from fundamentals, let's take a quick look at what the technicals might be showing us here: #1. Bullish divergence on the RSI. And everytime we hit that slowly ascending RED TL, price moves up rapidly. I like the probability here. #2. Price support on that RED TL which intersects with a nice level AND the bottom of that triangle, making it a huge area of confluence where support is strong. #3. That triangle though. I have entered here at .265 and will be pulling profits along the way (especially at those moving averages). Final target is around .45 with a SL at .235. This is not financial advice. Just showing you all what I am doing here. Best, Stew
CRYPTO:JOEUSDLong
by stewdamus
SAND is about to go ballistic!Sorry for the clickbait title but I am feeling the vibe on this one. I know, I know. Targeted by the SEC as a security. But, on the other hand, one of the tokens legalized by the Hong Kong market. Outside of debates regarding fundamentals, let's dive into what the technicals seem to be showing us! First, take a look at the beautiful triangle! Dang son, it don't get much better than that yo! Now, look down there at that RSI. See that red TL? Pop, pop, ...and POP. At every touch you can bank on cash. Incidentally, this third touch will coincide with a touch of the bottom of our triangle. And, just below that, a very important support. This is an easy bet. I have entered at 37 cents ish and will hold till at least 53 cents with the remaining balance to 58 if I don't get stopped out first. I will be moving my stops up as we go as always. Best, Stew
BINANCE:SANDUSDLong
by stewdamus
TRADE ALERT - LONG XRPTraders, We have waited patiently for this moment. Crypto, quite honestly, has just been annoying lately. But finally, XRP has touched my support and target down for re-entry at 58 cents. My buy order was triggered at .585 to be exact and I plan to hold this to at least the .995 target and potentially $1.17. Take a look at the RSI. Notice the RED TL. You could have traded XRP on this indicator alone and made massive profits. And for the most part, my followers and I have entered at those touch locations with a few exceptions. Anyway, today is your lucky day. Why? Because we are just about to hit that RED TL on the RSI once again. I'm a bit early in my entry just b/c I has my buy set at .585 and it was triggered. But ideally, I would have hoped the touch of the red TL would coincide with a price of .58 cents. I think over the next day or two you all will see that happen. AND. You just might be able to enter at a better price than I have. Best of luck to you all! Stew
Long
by stewdamus
BankNifty Future Analysis for 21st August 2023BankNifty Future Analysis for 21st August 2023 As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels Tomorrow, kindly check the charts on 15 min time frame and act accordingly. #IntradayLevels Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act. Follow Us For More #Updates in Future
NSE:BANKNIFTY1!
by MarkitVUE