NSE:DELTACORP Good setup on delta corp, weekly time frame buy till 85 with strict SL of 75 target 138-150 Disclaimer: I am not a SEBI registered person, all the views are for study purpose.
Support tested multiple times in an Uptrend Corridor. RSI + Stoch well above 50. MACD above Signal. Target price +/- $487.00 and 9.8% potential profit.
I believe EURUSD will continue to go bullish for long term to resistance price 1.25157. Looking at the ichimoku clouds its clear that it should continue to go bullish. Let me know what you think of my analysis please.
I'm thinking this is going to burst down because of the huge raising wedge forming, the stock seems to bounce up and down a lot meaning that it's losing a lot of momentum. instead of breaking resistance levels lately it seems just retest them many times. I'm thinking it will go down a dollar or 2 on open then quickly be bought back up, what are you guys thinking.
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸Now, it is facing the Ascending Trendline. . 🔸We have two possible scenarios here. In case of a breakout to the downside, we will consider a short trade towards the Support Zone. And, in case of a clear bounce, we will look for a long trade towards the Resistance Zone. . 🔸 Will look for a lower...
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Weekly Ascending Trendline. . 🔸It has also broken the Descending Trendline. . 🔸 We consider that the first bullish target is the Resistance Zone. If it is broken, then we will wait for a retest before looking for a long trade. . 🔸 Will look for a lower timeframe setup. 🔸 DAILY CHART ANALYSIS:
Looking at the daily chart at GBPAUD you can see that the ichimoku clouds are looking into switching from sell to buy, so to me it'll be a perfect time to put in a buy. I can see it potentially reaching the resistance zone 2.04797. Let me know what you think. I am still new to trading.
LONG SETUP ENTRY POINT : 11100 STOP LOSS : 10850 TAKE PROFIT 1: 11850 TAKE PROFIT 2: 12000
Looking at the daily chart you can see that we are over the ichimoku clouds which indicates a buy, you can also look at the moving average crossovers that are not crossing over that indicates it's a buy. What do you think? I am still very new to trading and would appreciate all feedback.
Looking to find entry tomorrow during London or NY Open. Do You agree with my analysis? Drop me a message to share tips and strategies.
Pound is currently correcting lower within an uptrend. A good area to get back in for a long position would be the 38% retracement level @ 1.2970 with stops around 1.2916 area.
As usual, set your sell stops, and if triggered ride till you hit profit Forex Guru Wealth Academy :-)
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Support Zone. . 🔸It is facing now the Resistance Zone. . 🔸We are not taking any trade until price shows a clear breakout or bounce. Will consider a bullish trade after price breaks the first descending Trendline. . 🔸 Will look for a lower timeframe setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Support Zone. . 🔸In case of a breakout of the Ascending Trendline, we consider that it has potential of moving towards the Resistance Zone. . 🔸And, in case of a break of the Support Zone, the next bearish target is the next Support at 1.3200. . 🔸 Will look for a lower timeframe setup. 🔸 DAILY CHART ANALYSIS: