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Tradingsetup

BASIC FIB OTE + OB PULLBACK TRADING SETUPJUST CHECK THE PIC FOR THE IDEA. BUT BASICALLY HERE ARE THE STEPS: 1. DETERMINE CURRENT MARKET STRUCTURE USING 1) SWING HIGH & SWING LOW 2) BOS & CHOCH -this is more powerful if price has just made a break of structure(BOS), but not necessarily. 2. PLOT FIB FROM LATEST SWING HIGH & SWING LOW 3. LADDER ENTRY AT FIB OTE + ORDERBLOCK ZONE 4. PUT STOPLOSS AT ABOVE SWING HIGH "Invalidation Zone" 5. TAKE PROFIT AT SWING LOW That's it. Backtest it until the inception of Bitcoin if you want just to get a really accurate picture of how well it works. Basic is good. Fancy gets broken.
by HaribonALT
Bank Nifty Trade Setup (23-May-2023)As posted yesterday price is consolidating between 700-800 Points near ATH Level. From price action Its moving in Lower Highs and Higher lows forming symmetrical triangle pattern breaking this pattern on either side can give 200-250 points for the levels of horizontal resistance also ATH on upside and horizontal support at 43550 levels. For tomorrow Setup i will look for following : 1.) If Opens flat will wait for break of this triangle pattern and on which ever side it break will trade accordingly for target of Support or Resistance levels. 2.) If opens gap up will check if it retest this pattern and if sustain the Gap i will look for buying for target of ATH which will also be partial booking or full booking as per my time for it. 3.) If opens gap down will follow the same check if it retest triangle pattern if doesn't sustain will buy PE for target of support level. if price sustain above triangle lower trendline i will look for buying with first target of Triangle upper trendline. This will be my personal trade Setup, This is not an advice of any kind to trade for anyone. Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups.
NSE:BANKNIFTYLong
by TradeInsights
XAUUSD Gold Bullish Setup Swing Trade XAUUSD is Starting to gain it's bullish strength again. My following setup requires Gold to break clearly above the 2KUSD level. Make a retest of it's resistance after breaking thru the structure clearly. I reckon placing a buy limit when XAUUSD has broken thru it's resistance, as a retest will likely occur. SL can be placed bellow demand zone or below it's lower fib level. TP at little below it's latest highest resistance as it will be a major selling area. - David van Delden
OANDA:XAUUSDLong
by ImperialTrading
BTC price $26K - $34K BTC broke out of the accumulation and showed an aggressive way up. This was to be expected. Now I see three scenarios: 1. A further compression and reaching the range of 32-34 thousands, from which the sales can go and put BTC into accumulation, gain strength and continue moving up with the targets ~$40k. 2. A retest of the breakout level, where BTC showed growth and also formed an imbalance, somewhere near the end of the week (followed by a quick redemption). 3. Weakness of the buyer, uncertainty of the market, and everyone's favorite FUD. Unsuccessful upward breakout, leaving below $28.5k will confirm a (short-term) deep correction.
by metruch