🐻XAU/USD VERY HIGH PROBABILITY SHORT (MUST SEE)XAU/USD Has been moving up the past few months.
Price reached a major resistance and pivot point on the weekly chart.
A very long pin bar was then formed, on the weekly chart, this is a very strong sign of reversals.
With price reaching this resistance for the second time and rejecting it for the second time, a double top was formed.
On the daily chart, price formed a head & shoulders. These are very string confluences so far.
Going lower to the 4H chart we see a bearish continuation pattern AND there are two other patterns within it, also bearish continuation patters.
A flag and a rising wedge.
There are a lot of buyers sitting around 1920. Every time price breaks below this value cleanly, we see an impulsive move downwards but price has managed to pull back above this price twice.
Gold is currently resting on this price level and it seems it is likely to break soon at it is constantly being tested.
The sequence of the continuation pattern drawn up has been completed to 4, which is the third touch on the resisting trendline. What we expect now is for price to move downwards then break & retest the support below.
We should look to sell when price breaks below the support at 1920 and also the major support around 1890.
Take profit should be the price marked in green
OANDA:XAUUSD
Highprobability
ABB INDIA LTD Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
HAL Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
SPY DIVERGENCEYou can see there was momentum going up as price went down which created the bottom and now rising price of SPY. This indicated there was going to be a breakout which there has been but I doubt it will go over the next resistance.
I can’t show you in this post but if I scroll out you could see the FIB levels of the overall swing high/swing low
The past support now resistance level is coming and the 50% fib level is inside which could be a good shorting point
I will be shorting 451 if RSI is oversold and stoch crosses under to 441
INFOBEANS TECHNOLOGIES 1:4 RR🎯1000NSE:INFOBEAN broke out from an ascending triangle (cup and handle) consolidation pattern and gave a retest after a very bullish uptrend, suggesting a trend continuation.
Breakout volumes are very high, hitting fresh all time highs.
One can enter entire position after price crosses and sustains the psychological 600 levels and hold for 1000 targets.
Shown setup is a Positional Trade. Holding period is anywhere between 1 month to 6 months.
Targets: 650/800/950/1000+
Place a deep sl for this trade below 440 levels.
High risk, high reward, high probability trade.
Script also has good fundamentals, and continues to have demand when the markets are selling off.
Position size accordingly. Gut feeling says this trade is a good bet.
HAPPY TRADING!
USDCAD Bullish possible tradeHTF (D) - The market has been in a bearish movement and now started to form an ascending channel.
HTF (4H) - Broke from a descending channel after touching 3 times into the bottom of the daily correction move, with a nice impulsive move out to the upside, indicating a good bullish opportunity.
LTF (1H) - The market now needs to show a nice correction pattern before continuing its bullish momentum.
Swing trade The price is come multiple time frame demand zone and this zone is a origin of up moment
CADJPY Bullish continuationHTF - With a bullish bias and forming an expansion channel indicating further momentum to the upside.
LTF - Price formed a Double bottom (W formation), at the bottom of the expanding channel and hitting a level of support, possible further bullish momentum to be expected, as long as we get a continuation correction pattern with a break of it, in order to get a decent entry.
GBPCAD Possible ShortPrice has been forming an Ascending channel in the HTF, and impulsively reacted from the top of it.
In the LTF (1Hr) price has been forming an ascending channel as well, breaking it on the 31st and now correcting it as a continuation flag. Waiting for a BO of price to TP at the most recent swing low.
INFOEDGE/NAUKRI AT IMPORTANT LEVELHello Traders,
The last stock given here on tradingview did not close above the buying levels so here I am with a stock that is not a breakout trade but a support/resistance trade. The stock I am speaking about is Infoedge.
Now Infoedge gave a breakout of old resistance and went on a bull run for a 2 weeks or so but then failed to made a higher high and came down, now the point where Naukri is right now is the old broken resistance turned into support and it is supporting and resisting the fall for downward levels.
There is also a long-term trendline providing support at the same place making it a confluence circle so we can have a upmove from the same point again.
RSI has room for bulls
MACD crossing to green levels
Last breakout zone turned support
Trendline support present
Buy Above - 5760
Targets mentioned in the chart above
Testing the Underside of Head & Shoulders in NasdaqThis seems like a high probability short after yesterday's profit taking waterfall.
The Fed has been asking for inflation for years, now the question is how well we can manage it. A rate raise cycle could be inevitable, which could/should result in some profit taking.
Good luck to all!
AIR.NZ high returns for the next couple of years For stable investors, we have seen the pandemic and preventive measures taken by the countries that have affected the airlines market, Suspension of flights, and the ban on receiving travelers in some countries, High oil, energy prices, and layoffs have made a huge collapse of airlines market.
for the New Zealand airlines, the time is coming to buy the small fish, with the share price dropping 49% in three years and the COVID-19 negative news, we can go long on AIR.NZ stock.
Corporate directors expect the aviation sector to improve in 2024 so we can buy low and sell high.
The total debt for the company has been reduced by 10.88% since 29/6/2020 was: 3,713 B to be: 3,309 B in 29/6/2021
The company's free cash flow was just on the positive side 0.092 B in 2021 and was -0.385 B for the year 2020, which will help the company generate cash to support the business.
the company assets have been reduced by -11.25% since it was: 7,543 B in the year 2020 to be: 6,694 B the 2021 year based on (yahoo finance),
overview of the company,
we can see the price will continue moving downside towards 0.85 $ -0.93$ support area, so we can enter our position there:
targeting 2.93 $- 3.00 $ resistance area, as our near target for the next couple of years,
This investment will take two years or more (estimated)
with an expected return of 200% - 240% in two years or three years
LONDON SESSION:11-23 REVIEW +45RR POTENTIAL BUT POOR EXECUTIONToday's London session was a bit of a fumble. I am still working on psychology and being confident in my analysis. My overall analysis was correct but executing my trades and accepting losses has been a struggle. If I placed limit orders on all my ideas today the optimum outcome would have been +45RR-including the exception of the EU 1:13RR trade loss due to spread. If we do not count that trade today's recap would still be a +32RR day. For me that is 8k and 16% gain. More stats: 44% strike rate,4 wins and 5 losses, average RR =12.5RR per winning trade.
All in all I am working on execution because the potential P/L looks great to me.
100EMA,200EMA,400EMA CROSSOVER ON 30MINHi Trading View Family, Today I have found very intersting chart of DR REDDY, here we can see that on 30min TF we have found 100EMA,200EMA crossing each other when 100EMA cross 400EMA ,We can generate a buy,As100EMA,200EMA,400EMA is forming straight line on chart and then crossing which shows that price has been consolidate and now can go away from MOVING AVERAGE to give movement.So a high probability buy signal will be triggered when 100EMA CROSSES 200EMA,400EMA, and target of 1:2 can be achived.
Xauusd shortVery intresting here what i see. Righ now price is trying to break previous fake breakout. I assume price will break to make new higher low and support at area 1840 and to complete Late Retest Quasimodo pattern. There I see at QM left shoulder we have significant support there. And i assume price will going short at that area. Drop your comment for any suggestion, discussion and question. Loss is your own risk.
Very intresting in this price action.What can I see. Price is failed to break 1831 to many time. I assume price will break that area and make support at area 1840 and at the same time to respect late retest quasimodo pattern. I assume this setup is high return short. This is for discussion perpose and loss at your own risk