Wave Analysis
AUD/USD Short and AUD/CAD ShortAUD/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/CAD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Banknifty Analysis 23rd July expiryHello Traders,
Based my analysis, we saw some interesting things happening today. Banknifty has taken weekly support in the range 51700-51200. This is strongly evidenced by the strong demand zone in HDFC BANK and SBI Bank. However there is some unclear direction in ICICI bank which may make BNF flat day tomorrow.
Daily market analysis tomorrow 24th JulyDaily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade using price action and other chart techniques.
Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. We are doing this only to understand how to read derivative data and perform technical analysis. Strictly for educational purposes only.
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Best Instrument to Trade Tesla In The Current Price PositionBest Instrument to Trade Tesla In The Current Price Position
How To Trade Tesla Before Earning Report?
Tesla will report its earnings today after the market closes.
This will make trading more difficult for everyone considering that tomorrow it may open with a GAP UP or GAP Down.
I explained both scenarios and which is the best instrument to use for trading Tesla Today.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
S&P500 - Was this already the all time high?SP:SPX is still massively bullish on the smaller timeframes despite retesting strong resistance.
Sometimes trading can be soo simple but yet rewarding. You simply have to buy the S&P500 at support and sell your position at resistance. At the moment, the S&P500 is once again retesting a resistance trendline, which has been pushing price lower for more than 14 years and there is just an extraordinary high chance that we will again see a rejection. Don't say I did't warn you!
Levels to watch: $5.600, $4.800
Keep your long term vision,
Philip - BasicTrading
Banknifty analysis for 23rd JulyHello Traders,
I have shared my analysis for Bank nifty. My view for tomorrow is sideways to Long and volatile session. Again as this is budgetary day, expect some brutal moves and may see breaking zones. However the expiry will be intact in the zone we have discuss many a times in previous sessions.
A quick overview on GUSeeing that it has been bullish for a couple of months, we might just be looking to ride the trend and not lead ourselves into "analysis paralysis".
The trend is bullish and we have a support zone which can signal a change in the direction of the markets and until it is breached, we will be looking for long trades
BTC Update, first time short? Watch to see why..This is an update to my earlier piece from earlier this month, where I was saying I had detected a bearish outlook.
PLEASE don't just sell it, look at the reasoning, and remember to wait for the Change of Character (CHOCH). It's not here yet.
Wisdom: Always wait for confirmation. be happy to miss trades that do not offer confirmation. yes, you can just sell levels, but it's better to be more discerning.
PART 4 67years back in timeWe have previously established the close relationship between the 1899-1929 period and the 1997-2028 market cycle. Various arithmetic sequences and planetary cycles that influenced the price movement during the 1899-1929 cycle are true to happen in the current cycle. As we saw in this video, the price movements already recorded obeyed the same laws as of the 1899-1929 period and would continue to do same..
Check back for PART 5 as we look at the small timeframe and possible ways we can trade the market.