Demand_zone
Head & Shoulder pattern in Auto Axles. Auto Axles has been corrected from 2449 to 1860 by forming Lower High and Lower Lows. Price has been reverted from supply zone (1730 - 1800) on weekly time frame. It has formed higher high recently showing possibility of trend reversal and has also formed Head & Shoulder pattern on daily time frame and current price is near to neck line of H&S pattern, Having possibility for uptrend move. Share is trading below 200 D SMA.
CMP - 1866
RSI - 51
Entry price - 1885
Target price - 2070 (around 10%)
SL - 1790 (5%)
Disclaimer - This is for education purpose only. I am not a SEBI registered analyst. Take advise from your financial advisor before investing.
HDFCLIFE NEAR ENTRY LEVELSHDFCLIFE is currently trading near an Good Quality Hourly Demand Zone which is again close to an Weekly Demand Zone ( making the entry zone even more reliable).
The Opposing / Target zones T1 and T2 (both previously tested) have been marked in the image with levels and price movement should be observed around those levels.
Stop loss has not been mentioned but should be 3% from the lower level of the entry zone i.e. 562 - 3% = 545 (on closing basis in Hourly tf)
Note - Please do your own analysis before taking any kind of positions
LTCUSDT: Riding the Bullish Waves with a Long Adventure! 🐂🌊Introduction: 🌐 Get ready for an exciting adventure in the crypto seas with LTCUSDT! Traders are embarking on a long journey from $71.44, riding the recent upward structural break and the formation of a sloping support level. Let's dive into the details of this bullish odyssey.
Trade Details: 💰 The long position (#LTCUSDT) sets sail from $71.44, secured with a stop-loss at $70.36. The rationale behind this move is the local break in the upward structure (BOS), forming a sloping support level. Price retracements reveal manipulation around liquidity, signaling significant player positions.
Technical Analysis: 📊 Zooming into the 15-minute timeframe, LTCUSDT has locally broken the structure upwards (BOS) and formed a sloping support level. Price retracements indicate manipulation over liquidity, suggesting the accumulation of positions by a large player. A level is set at $71.98, anticipating stops from short sellers to act as a magnet for market makers.
Expectations and Strategy: 🎯 The trader anticipates price compression towards the level through the slope, expecting further breakthrough beyond.
Trade Target: 🚀 The primary goal is to ride the bullish waves, capitalizing on the structural break and exploiting potential liquidity traps.
Conclusion: 🌊 LTCUSDT invites traders to ride the bullish waves on this exciting adventure. Prepare for a journey of potential profits, watch for price compression along the slope, and get ready for a breakthrough beyond! 🚀💹
IMXUSDT: Navigating the Bearish Waves! 📉🌊Introduction: 🌐 Brace yourselves for a thrilling ride in the crypto seas with IMXUSDT! Traders are setting sail on a short position from $2.32, anticipating a correction in this overbought asset. Let's explore the details of this daring trade.
Trade Details: 💰 The short position (#IMXUSDT) sets sail from $2.32, with a stop-loss anchored at $2.61. The rationale behind this move lies in the asset being overbought and trading near a formidable resistance zone.
Technical Analysis: 📊 Navigating the 1-hour timeframe, it's evident that IMXUSDT is treading waters at a strong resistance zone, signaling a potential correction and the crossing of the FVG (Fibonacci Golden Zone).
Expectations and Strategy: 🎯 The plan unfolds with entering the position at the current price or at $2.33. Aiming for a 3-6-9% movement, with potential for one averaging down at the trader's discretion, it's a daring cross into bearish territory.
Trade Target: 📉 The anticipation is set for a 3-6-9% move, as the trader navigates the bearish waves in pursuit of profitable waters.
Conclusion: 🚢 IMXUSDT offers a thrilling opportunity to surf the bearish tides. Traders, fasten your seatbelts, set sail with caution, and ride the waves of potential profits in this exciting crypto journey! 🌊💹
🚀 Seizing Opportunities: Cipla's High-Reward Trade Potential!Embark on a journey into the charts of Cipla as we uncover a compelling trade opportunity, breaking down the analysis in simple terms for both new and experienced traders.
Current Market Dynamics 📊:
LTF (75 min): Cipla is currently positioned within the 75-min demand zone, characterized by a Rally Base Rally (RBR) structure.
ITF (Daily): The daily time frame indicates an upward trend at price trading at 20 EMA, a sideways movement when considering smaller swing levels.
HTF (Weekly): Zooming out to the weekly chart, there's a clear absence of resistance, setting the stage for potential bullish movements.
Trade Strategy 📈:
Zone Analysis: The 75-min demand zone is robust and presents a prime opportunity for a low-risk, high-reward trade.
Risk-Reward Ratio: Planning for a Risk-to-Reward Ratio of 1:4, ensuring a favourable balance between risk and potential profit.
Why This Trade Stands Out 🌟:
The 75-min demand zone serves as a stronghold for potential price movements.
The daily trend, Price trading at Daily EMA 20.
A lack of resistance on the weekly chart provides a favourable backdrop for an upward trajectory.
Final Considerations 🚀:
Cipla's current positioning offers not just a good trade but a high-reward opportunity. With a focus on the strong demand zone and a promising risk-reward ratio, this trade deserves attention.
Trade Smart, Trade Confidently! 💹✨
Disclaimer 🚨:
This analysis is for educational purposes only. I am not a SEBI registered analyst. Trade responsibly.
USDCAD complete guide! LONG-TERM Buyers around 1.3500 were in great loss previously! psychologically most of them will close their long orders around the place they have entered! Shorter term buyers seen their SL hit!
The broken OB- was a great liquidity hunt trap for traders with small SL.
NOTE: FOMC members Bowman and Harker speaks could have almost small effect on market. follow it if a game changer speaks, if you hear a surprise in favor of the dollar's strength, either cancel this trade or proceed with less risk.
We will start trading both at these prices and in the specified zone before and after Bowman's speech
Gold Xau/Usd Reaches Fair Value.Gold Xau/Usd Reaches Fair Value.
The ExodusTradingDesk has spotted fair price that we believe will produce a potential buy opportunity for the precious metal.
We will buy the pair should we have a firm 30min candle close above the identified price zone at 1971 with our profit target to 1982.
A possible sell scenario will be a 30min candle close below the identified "Critical Zone" below the critical level we believe will be a key " supply zone".
Use adequate risk management if you are to execute a trade with this analyses.
Enjoy and happy trading! #We are the #ExodusTradingDesk.
CHFJPY Ready for the short?On this pair, we have a price that has created a supply zone, starting a bearish run by testing a very weak demand zone. According to the Forex48 strategy, I think the price could bounce on the supply zone at 151.87 and then descend to the level of 150, where there is a very strong demand zone.
Let me know what you think.
Good trading to everyone.
Forex48 Trading Academy
CADCHF Update I Potential bounce from pandemic lowWelcome back! Let me know your thoughts in the comments!
** CADCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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DONT SWIM AGAINST THE CURRENTTHIS IS INSANE - Technically speaking the market in general is in a downtrend. a recession or correction. it should not matter. what is insane is am taking a Long trade on such a downtrend market. As any trading Guru would say " dont swim against the Current " dont trade against the trend. But I did. well I make exceptions. let me explain.
The Long-term(M) is in a downtrend. the price is coming strongly overselling into a fresh DZ. I set my ENTR at 27.xx with STP-LOSS below the DZ; small risk with plenty room for profit to run. my risk to reward ratio adds up. I always calculate my estimates Rs (risk) before I calculate my estimated Rw (Reward)
When price enters the DZ: there are three possible outcomes;
- Trend Reversal - The DZ will hold & trend changes. Big win & small Loss
- Correction - The DZ will hold for sometime, giving small win and small Loss
- Breakthrough - The DZ does not hold at all, giving a small loss; I am OK taking that small loss; it is within my trade plan
What I was looking for was a correction, happy to take this small Long profit in such a downtrend market. to do this type of trade & swim against the current one much be very vigilant; tight STP loss is key.
What I did here, price entered the DZ, the correction began; I covered 1/2 of my position; I took $3 of each share, & let the rest (other 1/2) run; sadly but predictably, the correction lost momentum in a heavily bearish market. I readjusted my STP LOSS to exit trade at breaking even.