Longtrade
UPL - Support TradeUPL looks good on the daily and weekly chart and stock was also seen bouncing from the short-term support @ 755-760
Sustaining these support levels, stock can move up to 780 initially then towards 80 levels in the coming week.
Though Index looks weak, try to take a trade as close to the support area for a better risk reward.
Disclaimer: Trade at your own risk.
USDJPY - Trade Setup that Matters !Hello dear fellows, thanks for your Love and Appreciation that i am receiving since i actively publish trade ideas again.
It has been long time since i posted the Weekly Trade setup. SO , here is my coming week's Trade Setup which i will be actively watching and might
share with you when i will be in this trade .
( PS : i am not an artist so you guys never see my charts full of colors or lines or indicators or Artwork. i always like to publish simple charts
so everyone can understand easily ! )
Trade with Strict Risk Management and this will be not your Last Trade so do not attach to it emotionally!
Happiest Mins - Positional TradeThe stock formed a Bullish Engulfing candle in the month of July 2022, since then the stock has been consolidating within its range i.e 813 - 1027 .
It's been 3.5 months and the stock has been moving in the said range, suggesting that it might be getting ready for a trending move.
Since the first candle (July 2022) is a big bullish candle, followed by consolidation, chances are high that we gonna probably see a trending move on the upside.
The current risk-reward also looks favorable for this positional trade.
CMP:992
Target 1200, 1300- 1350
Stop: Below 940 or 900 ( as per risk capacity)
Immediate support @ 955-944
Immediate resistance @ 1000-1015.
One can time trade on the basis of an hourly or daily chart.
Disclaimer : Trade at your own risk
EURUSD new upside leg BUY area!!Looking to see if we can see a push from the current area or maybe a little dig down into the 0.99 support for then price to continue the upside rally to the last long term lower high... either way we should get a small move up so will look at entering and moving stops to break even..
Dj30 long trade possible One can go long in index
At current levels
Sl 30300
Tgt 31250 31400
Ask your financial advisor before taking any action based on my view
Only for educational purposes
EURUSD SHORT TERM UPSIDE TREND CHANGE Looking for more rejection on and around 0.97 for a push to the upside.. I do think price can make a bit of a long term consolation from around this long term support... Be patient as always! trade smart and keep on top of risk management before entering any trade! Hope everyone has a good week
GBPAUD BUY!!Price got pushed up from 1.59478 support last month and has no re-entered the rectangle pattern on the daily chart . Looks like the price wants to retest the lower support of the pattern i.e. 1.71801 before it goes all the way up to 1.78057 !!
I'll take a Limit order placed at 1.71801 with 1.78057 being my final Target !!
USDCAD - READY FOR PRICE TO EXPLODE!!Looking for price to make a continuation hopefully off the back of some USD strength, as I've covered fundamentals can change things very quick but if you can get a position before anything affects the market you can give yourself the opportunity to catch huge moves! Trade smart and keep on top of your risk management! good luck
BTC forming ascending triangleWill we see a break above the resistance zone?
Well, we all know that ascending triangle BTC printing here is a figure with more chance to break above resistance.
The price is coiling up above 200sma which is a nice sign for bulls. I would say that a break above 20sma (blue line) will be the first positive sign here. The oscillators look ok for the possible move up. Just a short-term move idea, could be nice to trade.
Good luck traders
RIVN - LONG SWING TRADE IDEARIVN could be a potential long trade for a few reasons:
First, it is forming a Buy Setup on the daily chart and it just put it a new higher low at an area of strong support
On entry, RIVN would be breaking out over three major daily moving averages (9 SMA (Purple), 21 SMA (Blue), 50 SMA (Yellow)) with room to correct to the 200 MA (Orange)
In support of the trade, RIVN has been stronger than the market during this recent move lower and it setting up to bounce with the market
Additionally, the 2:1 reward to risk is quite reasonable and could be exceeded if RIVN makes a strong move and breaks out of the double top at 41
A trailing stop loss is recommended as this is still a bear market and RIVN does have the double top as resistance. I would expect some price action around 37 as well due to retracement levels and previous areas of minor support/resistance