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EURUSD Possible Falling Wedge BreakHi Traders! A falling wedge is forming on the EURUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the wedge, as the market is looking for a direction. Looking at the price action, it looks bullish; we have had multiple tests at the trendline support and have broken above the 20 EMA. The market is currently on the trendline resistance, and we are looking for a break and a close above the trendline. As long as the market stays above the 20 EMA, our view will remain bullish. We expect some more consolidation before a possible attempt at the trendline break. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance: 1.08501 Support: 1.07960 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
GBPUSD Possible Triangle BreakHi Traders! A symmetrical triangle is forming on the GBPUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bearish; we have had multiple tests at the trendline support and have broken below the 20 EMA. The market is currently trading on the trendline support, and we are looking for a break and a close below the trendline. As long as the market stays below the 20 EMA, our view will remain bearish. We expect some more consolidation before a possible attempt at the trendline break. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.26947 Support: 1.27674 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly.
Short
by BluetonaFX
1
A PSU bank, multi year breakout, can it multiply your profits?A sector that has woken up in recent years. A bank which is still trading at fair value to its growth backed by positive earnings release Technical chart looks good for a buy setup at CMP. DMI indicates bullish strength and Fibonacci retracement shows the stock having good support at 116 levels Union Bank is my pick of the PSU banks for a medium to long-term horizon. Entry - 140-142 Stop Loss - 116 Target 220/270
NSE:UNIONBANKLong
by shivanimotipara
The Unspoken Mystery behind SL Hunting - Example: EaseMyTripThe Unspoken Truth & Mystery behind Stop-Loss Hunting: *** The Most Important Point *** Many Training Academies & Experts say it is Most Critical to have SL, but where ? How much % ? In Equity Delivery Trading (Not F&O / Not Intraday) – when you have done thorough analysis of stock and sector, more than SL, patience is key. Understand the Unspoken Truth – In Trading, Money is not grown organically – the Loss of one person gets to another one as Profit. If Everyone knows a scrip will bounce from a Strong Support – then how will Big Players make money ? By Cheating us, By Faking a Breakdown Scenario, By Stretching beyond our SLs. Although no one knows where we have placed our SLs, Big players know for the fact that a Retail trader won’t have their SLs beyond 10-15%. That’s the normal capacity. So, they try to shatter your patience, break your SL by a Fake Breakdown just beyond an average Retail player. Once our SLs have been hit, then they will pump in money aggressively to take the price Higher. This will hit the SLs of other set of Retail players who may have Shorted the scrip Intraday / F&O when the support was broken. Voila – the Big Players now have hit SLs of Retail players on both sides and will take the price much higher. On a Chart – this will appear as “Wick” on higher timeframe. A proper Breakdown of Support on Daily timeframe will appear as Wick on Weekly and weekly breakdown appears as Wick on Monthly. 2) Pattern Negation: While Taking a trade using Breakout patterns (Rounding Bottom, Inverted H&S, Cup & Handle etc…), the Pattern is Deemed as Negated when the price re-enters below the BO zone. But watch carefully on higher timeframe to ensure it is not a Fake Negation. At least we need to have patience to confirm negation of Pattern on Weekly Close. Even if it gets negated on Weekly – do not exit the trade on SL. Understand where the next major support is. Only if it is far down below – take a calculated decision to exit the trade on SL. Else hold patiently for the price to take support from the next Demand zone and bounce back. 9 out of 10 times (unless the sector itself is in negative sentiment) the price will bounce back / goes sideways accumulating power from the Demand zone. In the case of EasemyTrip - The Falling Parallel Channel / Flag Pattern breakout happended on Weekly and it had to cross the resistance at 46 to be deemed a successful Breakout. But even after Breakout, the scrip started falling down sharply below the 46 Resistance zone on Daily. But look at the Weekly Candle - Only Wick below. for 2 Weeks Big Players tried to scare-off weak hands by faking Breakdown again and again on Daily Timeframe. But on Weekly - for both the weeks only Wick is below 46 and candle ended above 46 zone confirming the Flag Pattern Break-Out as Successful and Still Valid Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:EASEMYTRIPLong
by Stocks-n-Trends
SILVER Trendline Resistance BreakHi Traders! SILVER has broken its trendline resistance on the 1D chart. Here are the details: The market has found support around the 21.874 level, which is a previous swing low. Today's candle has opened above the trendline resistance and is currently on the 20 EMA. We are looking for a close above the trendline resistance and a momentum push above the 20 EMA. The plan here is to buy market dips near the trendline resistance. Preferred Direction: Buy Resistance (FLAG CHANNEL): 23.25 Support (FLAG CHANNEL): 21.874 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
CAPITALCOM:SILVERLong
by BluetonaFX
USOIL Triangle PatternHi Traders! A symmetrical triangle is forming on the USOIL 1D chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the lows and highs are starting to get higher, and additionally, the market is above the 20 EMA. As long as the market is still above the 20 EMA, our view will remain bullish. We expect some more consolidation before a possible third attempt at the trendline resistance. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance: 74.91 Support: 72.13 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:USOILLong
by BluetonaFX
USDCAD Triangle PatternHi Traders! There is a triangle pattern on the USDCAD 4H chart ahead of the Bank of Canada (BoC) Monetary Policy Report, Rate Decision, and press conference. Here are the details: The price action looks bullish due to US dollar strength, and the market is currently in a consolidation phase in the triangle. Depending on what we get later from the Bank of Canada, we may get a re-test of the monthly high at 1.35420 if the triangle resistance breaks. It is expected that the BoC will hold rates at 5%. Preferred Direction: Buy Resistance: 1.34797 (TRENDLINE RESISTANCE) Resistance: 1.35420 (MONTHLY HIGH) Support: 1.34401 (TRENDLINE SUPPORT) Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
Bitcoin price action analysis can reach 30k ranges The price has lost 50 Moving average and EMA top. Heading to 100 and 200 moving averages. Hopefully 200 MA must give some support or else it can reach more downside .The lower low price action indicates bearishness and no sight of uptrend . On weekly scale a large bearish wick is worrisome .if price retraced from rectangular box with good volumes there can be hope to reach 48k ranges again for retracement. if price goes down and down the 1 day MA and EMA will print death cross which can lead to more downside in next month mid. thank you.if helpful like and follow for more updates.
Short
by Zakir-Ahmed
BALKRISIND - Pennant Breakout: A Promising Signal for Traders📝 In this educational technical analysis, I would like to discuss BALKRISIND. Understanding key technical terms and patterns, such as pennants and ascending triangles, can help new traders identify potential trade setups. Remember, I am not a SEBI registered analyst, and this analysis is solely for educational purposes. BALKRISIND experienced a bull run from March 2020, starting at 650 INR and peaking at 2075 INR in September 2021. This move represents an impressive 314% increase. After the bull run, a pennant pattern formed. Pennant patterns typically occur after a strong price movement and signify a brief consolidation before the trend resumes. Pennant Breakout and Retest: 📈 On May 23, 2023, BALKRISIND witnessed a pennant breakout with good volume. However, what followed was an interesting development—a retest of the breakout level with strong volume. Retests are not commonly observed after pennant breakouts. Moreover, during this retest, an ascending triangle pattern formed on the 30-minute time frame, indicating a potential trend continuation. 🔎 Technical Term Explanation: Pennant Pattern : A pennant pattern is a continuation pattern that occurs after a strong price movement. It is characterized by converging trendlines, resembling a small symmetrical triangle, and represents a temporary pause before the trend continues. Ascending Triangle Pattern : An ascending triangle pattern is a bullish continuation pattern formed by a horizontal resistance line and an upward sloping support line. It suggests an ongoing uptrend and often leads to further price advances. Potential Trade Opportunity: 🎯 Traders can plan their entry upon the breakout of the ascending triangle pattern, as it indicates a high probability of trend continuation to the upside. Monitoring the price action and volume closely during the breakout will help confirm the strength of the upward move. Conclusion: I appreciate your support and encourage you to like this analysis if you found it helpful. Feel free to share your observations and comments. Your feedback keeps me motivated to consistently provide valuable insights. If you want to stay updated with more technical analysis articles and trade setups, follow me on TradingView through the link: in.tradingview.com 💪 Remember, successful trading requires continuous learning and adapting to market conditions. As the saying goes, "The only way to do great work is to love what you do." Keep exploring and growing in the exciting world of trading! Happy trading! 📈💰
NSE:BALKRISINDLong
by AfnanTAjuddin
Alphabet - Watch The All Time HighHello Traders, welcome to today's analysis of Alphabet. -------- Explanation of my video analysis: In 2011 Alphabet stock broke out of a beautiful triangle continuation pattern and created a rally of more than +800%. This pump was followed by a retracement all the way back to the support trendline of 2011. Alphabet is currently creating a triangle formation and if we see a pullback to the uptrendline which I mentioned in the video analysis, I am looking for potential long setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:GOOGL
by basictradingtv
13
Bitcoin Structure updateThe price is still in Stage 1. Although internal consolidation looks bullish. Volumes are dried up when price pulls back and expansion when price moves up can be seen. The bullish spreads are also getting wider. Some traders will perceive the internal structure as inverted H&S, while some will see it as Cup and Handle pattern. Reminder - We still need a decisive breakout of the Stage 1 Range or neckline. The next major overhead supply turns out to be around $47,000.
BITSTAMP:BTCUSDLong
by nuevatraders