USDCAD 2-hour cycle short sellingThe first target is to look around 1.35270,reduce the size of the warehouse by half,and promote protection.
Look around 1.34222 for the second target position,then halve the position and push for protection.
If the price does not break a new low in the later stage,find opportunities to enter the market and go long.
Volume
NZDUSD 2-hour cycle level longNZDUSD 2-hour cycle level long
Reason for Going Long:Harmonic Trading System (bullish shark form) +SMC order principle (bullish order block) + Trading Volume distribution + price trading behavior (bullish engulfment) = Go long
NZDUSD 2-hour level cycle,current price around 0.61425,enter the long position directly,stop loss level at 0.61000.
The first target is around 0.62420,halving the warehouse and promoting protection.
Look around 0.63666 for the second target position,then halve the position and push for protection.
Follow the tail position and reduce the position for protection.
Strong Support and Breakout Retest Suggest Bullish Continuation In the daily chart, it’s unlikely the price will drop, as strong support was found at 220 from April to October. The current state is a breakout retest of the major resistance at 615.
On the 4-hour chart, the price has been ranging for two weeks, with 602 acting as new support. A strong bearish wick appeared on October 7 at 1pm, but high volume has not yet confirmed it.
On the 1-hour chart, from 670, the price did not return to the value zone quickly (as candles shows some hesistation), indicating some buying interest between 604 and 630, suggesting buying pressure. A bearish wick with high volume appeared at 4pm, suggesting that greater demand level is around 600 than 610.
Consider entering a long trade around 600, with a take-profit target at 640
Technical Analysis of Nike (NKE)Looking at Nike ’s stock on a monthly timeframe, we can clearly observe that it has been in a downtrend since November 2021, following the formation of a Double Top pattern, confirmed by the development of a Shooting Star candlestick.
The downward movement has currently paused at a support level (SUP) in the $70 area, where the stock has shown a reaction.
At the moment, the stock is trading near a crucial volume level, the Point of Control (POC). Above this level, up to $110, there are significant volumes that could make upward movement more challenging.
Bullish Scenario
For a bullish scenario, the stock needs to break above the current POC level and the descending trendline. The first target could be the resistance (RES 1) around $110.
If it successfully breaks through this resistance with strength, the second target could be the $130 area (RES 2), which has acted as both support and resistance in the past.
Bearish Scenario
However, if the stock lacks the momentum to break through the POC and the entire high-volume area up to RES 1, the downtrend could continue, with the next support (SUP1) located around the $50 area.
This analysis outlines both bullish and bearish scenarios for Nike's stock, offering a clear view of the key price levels to watch.
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Exit With in 5 to 10 Days
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Penny Stocks are easy to manipulate please check the fundamentals of Company before Investing
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Exit With in 5 to 10 Days
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Exit With in 5 to 10 Days
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Bitcoin breaking 64k!!! Next 68???Hey guys!
Friday scenario didn't worked and we continue growing. Here are some thoughts about next movements.
Bullish: We're now moving in a raising channel and the MA have a bullish cross.
Bearish: The RSI is closing to the overbought point and there is the volume divergence.
Additional: We are between two important resistance and support levels.
So my thoughts here, that If buying momentum continues to fade, given the volume divergence and high RSI, a short-term pullback could occur, potentially taking Bitcoin towards the $62,000 support level. Should this support hold, it may provide a bounce opportunity for bulls to regain momentum.
On the other hand, if Bitcoin manages a successful break above the $64,000 resistance, it could pave the way for a move towards the higher resistance levels between $66,000 and $68,000, marking a continued bullish trend.
What u think?
KASPA TECHNICAL ANALYSIS + TRADE PLAN 2024 BY BLAŽ FABJANTA+TRADE plan by Blaž Fabjan
Descending Triangle Formation:
A clear descending triangle pattern is observed with lower highs (resistance) and a horizontal support around the $0.14 level. This is typically a bearish pattern, but in some cases, it can lead to a breakout to the upside.
The current price is close to the triangle’s apex, indicating a potential breakout soon.
Support and Resistance Levels:
Resistance: The downtrend resistance line is around $0.145 to $0.15. A break above this level would indicate a bullish reversal.
Support: The horizontal support around $0.14 has been tested multiple times. If the price breaks below this, it could trigger a further decline toward the next major support at around $0.13.
Indicators:
Volume Moving Average Convergence Divergence (VMAC): There are visible divergences, suggesting that momentum might be building. The overall indicator seems to support a bullish divergence.
Relative Strength Index (RSI): The RSI is near the oversold region (~35.49). This suggests that selling pressure might be easing, and a reversal could be imminent.
Stochastic Oscillator: The stochastic is near oversold levels, which often precedes a bullish move if it crosses upward.
Hull Moving Average (HMA): The histogram is showing signs of reduced bearish momentum, with green candles suggesting a possible bullish shift.
Trading Strategy
Bullish Scenario (Breakout to the upside):
Entry: Consider entering a long position on a confirmed breakout above $0.145-$0.15 (the resistance line). This would signal the end of the descending triangle and likely lead to upward momentum.
Target 1: $0.17, which would align with the projected move from the triangle breakout.
Target 2: $0.19, a previous high and psychological resistance level.
Stop Loss: Place a stop loss below $0.138 to minimize risk in case of a false breakout or bearish continuation.
Bearish Scenario (Breakout to the downside):
Entry: If price breaks below the $0.14 support level with volume, it could signal a bearish continuation. Short positions could be considered in this case.
Target 1: $0.13, the next major support.
Target 2: $0.12, the next significant psychological support level.
Stop Loss: A stop loss above $0.145 (above the resistance) would minimize risk if the trade reverses.
To sum up:
The current technical picture is at a critical point with a descending triangle suggesting a potential breakout in either direction. The oversold conditions in the RSI and stochastic, along with possible bullish divergence, lean towards a bullish breakout. However, be prepared for a downside if the $0.14 support fails.
Monitoring the volume during the breakout is crucial to confirm the direction and strength of the move.
AUD/USD continues the downtrendOn EUR/USD , it's nice to see a strong sell-off from the price of 0.68370 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
GAP and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading,
Dale
EUR/USD - NFP move down !! On EUR/USD , it's nice to see a strong sell-off from the price of 1.10260 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Weekly POC and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading,
Dale
AUDUSD 2H Buy longAUDUSD 2H Buy long
Reason for going long:Chart trading system (up channel ) + Harmonic pattern (bullish bat pattern) + Volume distribution trading system +SMC order block strategy (bullish order block) + Price trading behavior (waiting for confirmation of bullish candlestick pattern)=Going long
The entry level for AUDCAD is around 0.92000,and the stop loss level is set at 0.91800.
The first target is around 0.92786,halving the warehouse and promoting protection.
Look around 0.93300 for the second target position,then halve the position and push for protection.
Look around 0.93888 for the third target position,then halve the position and push for protection.
Follow the tail position and reduce the positin for protection.
btc in reverse Head and Shouldersthe **reverse Head and Shoulders pattern** signals a possible bullish reversal, and if Bitcoin breaks the resistance with strong volume, it could lead to a significant upward move. The current pullback and neutral RSI suggest the market is in a wait-and-see mode, but the setup looks promising for a potential price increase. What do you think?
QQQ breaks above downward trendQQQ reverses after massive selloff and goes into bullish rebound
Thursday Oct 1 saw massive sell off on high volume, signals reversal coming
confirmation of reversal came Friday Oct 4 when it broke the trend and held above
Gap fill on Friday morning was quickly followed by rally staying above downward trend entire day.
Made an entry at 484 expecting more buying to come
GBPCHF 30 minute short sellingGBPCHF 30 minute short selling
Reason for short selling:Chart trading system (downtrend channel) +Harmonic pattern (bearish bat pattern) +Trading Volume distribution trading system +Supply and Demand theory (bearish order block) +Bearish Pinbar=Short selling
The current price of GBPCHF is around 1.12629.Go short directly and set the stop loss level at 1.12960.
The first target is around 1.12100,halving the warehouse and promoting protection.
Look around 1.11500 for the second target position,then halve the position and push for protection.
Follow the tail position and reduce the position for protection.
Anchored VWAP levels for BTC Looking at these two scenarios on BTC.
If we reject from the AVWAP of this move down I'd look to short.
If we clear it to the upside, I'll wait for.a long into the newly formed anchor to the low.
This analysis is based on current price action and can change if additional scenarios present themselves
USD/CHF Bullish Breakout with Potential Retest and Rally to 0.8Analysis:
Recent Trend: The price has shown a clear rally after a period of consolidation between 0.8440 and 0.8510. After testing the lower bound near 0.8440, there was a significant breakout above 0.8510, leading to a sharp upward movement, peaking around 0.8574.
Support & Resistance:
Support: 0.8470 - The previous consolidation area and where the price bounced several times before breaking out.
Resistance: 0.8570 - 0.8580 - The area where the price is currently facing some resistance after the breakout.
Momentum: The sharp rise indicates strong buying momentum, with buyers pushing the price higher. However, as it approaches the resistance zone, traders might take profits, leading to short-term pullbacks.
Volume: There seems to be an increase in volume as the breakout happened, which validates the strength of the move. Higher volume during breakouts typically signals confidence in the trend.
Prediction:
The breakout from the 0.8510 consolidation zone signals a bullish trend. The pair is likely to continue upward momentum, with the next significant resistance zone around 0.8580-0.8600. However, a pullback to retest the support zone at 0.8510 could occur before further upward movement.
Trade Idea:
Entry: Consider entering a buy position if the price consolidates above 0.8510 after a pullback, with confirmation from bullish candlesticks or technical indicators (like RSI or MACD).
Profit Target: Aim for a target of 0.8600, which is the next resistance zone.
Stop Loss: Place a stop loss below 0.8470 to account for false breakouts and downside risk.
Let me know if you need any more detailed suggestions or would like adjustments to this strategy.
Xiaomi (1810): Major Gains, Next Targets and Updated StrategyThe Hang Seng Index and its constituent stocks have been surging higher, with Xiaomi leading the charge 🚀. The setup we had on Xiaomi was quite similar to the one for Alibaba, featuring a tight stop-loss and a high risk-to-reward ratio, which, just like NYSE:BABA , worked out perfectly. Although we aimed to catch the end of wave (ii), we missed the entry by just a few HKD. Despite this, the position is now up an impressive 85% since we initially sent out the entry back in March.
We have taken our first round of profits as we haven't locked in any gains yet, and we have moved our stop-loss to the break-even point. However, we are confident that Xiaomi will not revisit this level for a long time. We took profits upon reaching a key wave 3 extension level. While we expect further gains on the lower time frame, we must also respect what the higher time frame indicates. Whether it's longing wave (iv) or wave 4, the choice depends on whether we are right about the higher or also the lower time frame. On the higher time frame, we anticipate a maximum rise to 30 HKD before we see a significant correction.
We believe there is still substantial upside potential for Xiaomi – it's only a matter of time. We'll keep monitoring both scenarios closely and act accordingly 📈.
Symmetrical Triangle BreakoutGood volume buildup in daily and weekly timeframe.
Symmetrical triangle breakout with good volume.
Wait for retest or candle high breakout for conformation.
Smallcap⚠️⚠️.
Fundamentals are good.
NOTE: I do my analysis, do yours before trade.
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