NZDCAD H4 - Long Trade SetupNZDCAD H4 - Popped higher, rejected supply initially at 0.92100, may just be a natural correction before a potential further shift upside. Another one to monitor and follow.
Banking
USDJPY H4 - Short SetupUSDJPY H4 - Still bearish bias for the USD personally, there isn't any real reason to justify reasons otherwise. Popped back above S/R but nothing to indicate a change in trend, USDCAD is the anomaly, setting fresh highs off the back of OPEC talks. Summary in the above video.
EURUSD H4 - Trade SetupEURUSD H4 - As we know, practically the mirror image of DXY. Trading above the s/r zone, resistance price at 1.22700-800, new highs required to maintain upside trend, and subsequently downside trend after fresh lows on DXY.
EURAUD H4 - Long Trade SetupEURAUD D1 - Support to resistance range is back in play, support has been adjusted slightly after last weeks downside attempt, broke back above 1.61, rejected that monthly key level at 1.62, retesting 1.61 support zone again, could be a good area to catch bid if this support holds.
NZDCAD H1 - Long Trade SetupNZDCAD H1 - Potential lower timeframe consolidation break to fill the remainder of this structure from 0.90 support to 0.91500. Played out quite nicely, in terms of trading zones, retests etc.
NZDUSD H4 - Long SetupNZDUSD H4 - Hugely bullish bias at the moment as these eastern pairs (A/N) keep inching higher and taking advantage of the soft USD at the moment, no doubt a correction will be due for the USD and we could see a retest of this broken zone.
BJTM 13%+ INDONESIA STOCKS EXCHANGEWE KNOW THAT DOW THEORY IS PRIMARY SECONDARY AND PRIMARY AGAIN
THE MARKET ALREADY SECONDARY REACTION AND NOW BJTM IS MAKING A BASE, A BASE IS LIKE A CAGE WHICH THE PRICE TRAP INSIDE THE CAGE, WE HAVE TO WAIT THE CONFIRMATION OF THE BREAKOUT OF THE CAGE, IF BREAKOUT THAN THE PRICE WILL RALLY MAKING HIS PRIMARY REACTION AGAIN,
THE TARGET PRICE AREA WILL BE 750 - 770
AND WHY A GREEN LINE AT 720? WHY THE TARGET PRICCE 750 - 770?
THE REASON IS SIMPLE,
THE GREEN LINE PRICE PROFIT AREA IS BY USING FIBONACCI PRICE PROJECTION (AB = CD) AND IT STOP AT 720, SO IS THE GAP AREA, WE CAN SEE 750 - 770 IS AN OPEN AND CLOSING GAP AREA WHICH CLUSTER TO FIBONACCI AB = CD
STOPLOSS AREA
630
WHY? BECAUSE IF WE BUY AT BREAK OUT AREA, AND THE PRICE ISNT CAPABLE TO RISE, AND DROP TO THE BASE (CAGE) AGAIN AND ALSO BREK THE BOTTOM OF THE BASE WE CAN ASSUME THAT SUPPLY IS MUCH HIGHER THAN THE DEMAND
DISCLAIMER ON!
THE FLAG PATTERN BTPS ROAD TO 4790BTPS FORMING A PATTERN CALLED BULLISH FLAG,
THIS PATTERN CAN LEAD BTPS TO @4790 (BUT HAVE TO BREAK THE FLAG TRENDLINE FIRST!)
AFTER BREAK AND THAT DAY THE CANDLE CLOSED ABOVE THE TRENDLINE IS THE KEY TO 4790
AFTER BREAK AND RALLY, PRICE HAVE TO RE-TEST (PULLBACK/SECONDARY REACTION) TO THE TRENDLINE.
CUTLOSS AREA @ 3930 OR BREAK THE LOWER TRENDLINE OF THE BTPS.
DISCLAIMER ON !
EURCHF H4 - Long SetupEURCHF D1 - Massive S/R range here offering a 10R setup from support to resistance, initial support at 1.07900 broke following an extremely bearish start to the week (D1 chart). Looking to scout out buying opportunities as we approach that 1.07200 support zone, market relief area, huge R potential. Although not as many confluences as I would like, I think the R potential outweighs this too. Lets see what happens as we approach.
NZDCAD H4 - Long Trade SetupNZDCAD H4 - That whole number support seems to be holding quite well, double bottom, failed to set a lower low from H4 support, neckline is around 1:1.5 so we could be sat risk free ahead of the next resistance price. 50 minutes until H4 close
USDWTI H4 - Long Trade SetupUSDWTI H4 - Video analysis with this one aswell, just looking and waiting patiently to see a retest of $43.50 a barrel, it's been a while since we broke this resistance price and we are just in bearish consolidation waiting to see if we can hit that big S/R retest number again. Yesterday we saw a stint downside to set a fresh low, so one more wave of consolidation could see us hit the zone we have our eyes on.
AUDUSD H4 - Long SetupAUDUSD H4 - Here is Aussie vs the dollar, again very similar structure to the above, 0.733 was the resistance zone in this occassion whereas 1.33 was cable resistance, regardless we are close to seeing a break and close on the H4. From this, we could look for entries around 0.7335 to jump in long after a correction, just cautious of the rally leg going in to break resistance from 0,727 to current price (circa 100 pips), I feel we may need more of a correction which may dip us below the S/R retest price. Lets see...
#BOI #BANK #BANKING #BANKINDIA #NIFTY #BANKNIFTY #TRADE #INVEST #BANKINDIA
Bank Of India Ltd.
CMP: 43.95
Invest Now
Target I: 48
Target II: 52
Bitcoin (BTC/USD), Daily Chart Analysis November 18, 2020Technical Analysis and Outlook
Bitcoin's skyrocketed from the prevalent buy zone and completed Inner Coin Rally $17,250 on Nov 17th and Outer Coin Rally $18,500 today - The intermediate TARC symbol - end/pause confirmation (TSS proprietary TARC symbol not shown) is in the process - To continue the rest story, see 'Weekly Market Review & Analysis For November 9, 2020, page.
EURUSD H4 - Short Trade SetupEURUSD H4 - USD on the backfoot yet once again, DXY analysis to follow. EUR seeing gains as you'd expect off the back of existing risk sentiment. Following each zone as they come and looking for respective confirmations/rejections.
USDCHF D1 - Short SetupUSDCHF D1 - Bit late to the part posting this, apologies. Very similar structure and paced moving pair here, DXY is at a key level to monitor, retesting after breaking upside of a trading zone, we covered all of this in the rundown, but take a look here too if you haven't got a chance to watch the video.
USDWTI D1 - Long SetupUSDWTI D1 - Pushing upside on Western Texas again, another extremely bullish day, up almost 3% today and circa 5% yesterday. Eyes on this $41.50 barrel price, a break above this zone and subsequent retest could warrant buy entries on a lower timeframe.
EURAUD H1 - Long Trade SetupEURAUD H1 - More of a diagram than a technical analysis piece! But this is something we would typically be looking for, a break of structure, a break of sequence, everything is sequential, and a break (reversal) and retest (confirmation) is required to get on board in the change of sentiment!
EURAUD H4 - NEUTRAL RANGEEURAUD H4 - Broken below support at 1.65, sold off towards 1.63250 and retesting 1.65 again, zones holding nicely, pushing up to 1.65500 and rejecting could be going. This could show us trading back between major resistance and major support. This range covers circa pips, and was a lucrative trading range for some time before the upside breakout towards the latter part of October.
BUYING KAVA on OVERSOLD / BULLISH MACD WEEKLY - ABOVE AVG BUYVOLBUYING KAVA on OVERSOLD / BULLISH MACD WEEKLY - ABOVE AVG BUY VOLUME!
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USDCHF H4 - NeturalUSDCHF H4 - Major support and resistance range marked on showing a 180 pip potential, please listen to the above voice note, we don't want to be caught on the wrong side of big fundamental moves! Try and work from higher timeframes if you're comfortable as this would allow breathing space for intraday highs and lows, effectively meaning we can ride some of the less detrimental headlines. Market risk is heavy, hence USD strength, although we are at major resistance on a 180 pip range setup.
USDCHF H4 - Long SetupUSDCHF H4 - Quite a clean S/R range with an interim S/R zone where we have seen a 2 stage reversal, we've continued to set new highs, looking for price to see a test of major resistance if these USD risk markets keep pushing up. YEN is still seeing strength and DXY is now trading above that 93.30 zone after retesting effectively as support.
