104.487 weekly orderblock is under attack! Will respect be given? Buystops in question: 105.742 Sellstops in question: 104.080
Teetering around both PD arrays on a a macro timeframe with 114.11 sellside and 118.23 buyside in scopes
The daily charts offer a Spring setup opportunity while the weekly chart supports that idea with a good-looking Hammer. What is interesting is the Outside Day bar, which comes on a good volume. There is a previous resistance that turns support. The setup is a bit tighter than I'd prefer and makes the risk-to-reward, not the best, but the markets are rarely...
May's price action hammered into the macro EQ @ 4.404% before closing 60%* inside of the previous monthly candlebody. 4.739% 1st buystop liquidity 4.313% 1st sellstop liquidity
FII, DII and Retail investors are all awaiting Exit Polls and Actual results of election to follow thereafter. We have already discussed the best and the worst case scenarios. The candle formed today is Doji exhibiting indecisiveness. The support at which Nifty is standing is Mid channel. The other support which has been taken is 50 days EMA. Right now everything...
Price hit my protective stop on Monday but respected structure, waited for proper pullback and a clear break of my AOi, now looking to take advantage of the move further Market Structure Bullish on HTF Weekly and Daily at the same AOi Weekly Rejection at AOi Daily Rejection at AOi Around Psychological Level 1.63500 H4 EMA Retest H4 Previous Structure Point H4...
Observing the Monthly-timeframe movement on USD/CAD, it could be inferred that the price has rejected the upper barrier of the rectangular range as mapped on the graph and formulated a new top. From here, in the upcoming long run, we are anticipating for the price to keep declining and, eventually, reach the lower boundary of the channel as indicated on the graph.
Observing the ongoing build-up on the Daily-timeframe graph, it could be inferred that the price has been developing for potentially upcoming bullish moves. Having spiked below the local key level and grabbed liquidity, we might imply that a bullish wave is ready to commence. Thus, having set buy positions with the stop-out order below the recent liquidity wick,...
Why I think a bullish reversal is coming: 1. Doji in a downtrend 2. Stoch <20 : extreme oversold 3. At major demand zone Risk reward is 1:6 Stop is below doji candle low
Poor High has been swept at 71k level If we can't get above 68.5k, revisiting Poor Low is plausible around 66.2k to 66k area Revisiting Poor High/Low: Poor High: When a poor high is revisited, it usually indicates a potential for the price to break through that level and move higher, as the previous resistance was weak. Poor Low: Similarly, revisiting...
GBPCHF is trading in a strong bullish trend on a daily. After the price updated a higher high, the market started a correctional movement. The pair is currently approaching a significant support cluster. I believe that probabilities are high that the next bullish wave will initiate from that. We can expect a growth at least to 1.16 ❤️Please, support my...
FFIE had an explosive move from about 0.50 to 4.00 before retracing down to the 1.10 range where it got support from the 0.786 Fibonacci level. That is to say it retraced beyond the typical 0.5 to 0.618 levels. The question now is can it move higher and will buyers pile into the stock at this relative discount. I think that they will. As a result, FFIE could...
Hi everyone, Opened BTC UP position at 69100 price with 10x leverage on Fybit trading platform. Target at 72000, Stop loss at 65900. Position was opened on 4-hour timeframe. After rising to 72k Bitcoin price declined below 67k and after some consolidation started to rise again. On 4-hour timeframe on the chart higher lows formed which is signaling about...
Nifty has entered Important support zone. This zone extends from 22495 to 22386. Today's low of 22417 is also a very important level below which we will have only the support level of 22386 which is the 50 days EMA. Below 22386 bears will try their best to drag the Index to the levels of 21712 or even 21208. (This looks improbable as of now but you never know)....
BSE, one of the leading stock exchanges in India, is showing technical indicators that suggest a potential swing trading opportunity. Reasons are listed below : Strong Support Zone at 2600 : The 2600 level has proven to be a robust support zone, indicating significant buying interest and a strong base for a potential price rebound. Bullish Marubozu Candle :...
Last week was marked with indecision. Market was moving in a narrow range while Buyers were waiting for FOMC ad NVDIA’s earnings. After receiving positive confirmation (FOMC neutral, earnings good) market tried to go higher but found no support from large players. Sellers took advantage of the weakness and dropped price, clearing many weak longs established in the...
On May 30, the price of gold (2353.87, -10.23, -0.43%) fell nearly 1% on Wednesday to close at $2,337.88 per ounce. The U.S. dollar strengthened to a two-week high, U.S. Treasury bond yields rose to a four-week high and hawkish statements from Federal Reserve officials dampen market sentiment. Market focus turns to the release of U.S. inflation data later this...
Many companies are flush with cash right now, so buybacks are going to increase. Buybacks can create plenty of swing trading opportunities. Buybacks are used by the Board of Directors to drive price upward, or at least maintain price at a certain level. They also remove outstanding shares from public exchanges. The Percentage of Shares Held by Institutions (PSHI)...