AUDUSD Long Trade SetupIt seems like the 4th wave is in the making. The last low can be the end of the B. If so, the B wave is an expanding flat. Since it's an expanding flat, we may see more downside, but I like the bounce-back as a reversal impulse. I'm waiting for a correction to place a pending order. At the end of the 4th wave, I may hedge my trade, or book my profit.
Longtrade
USDCHF Long Trade SetupMy forecast is a bigger correction as I annotated, but the blue A can be the whole correction, and the next wave can be a big upward impulse. That's why I want to take a long trade. If I see a good chance for the wave C, I'll hedge my trade. Now, I'm waiting for a small drop to have a complete reversal structure to place a pending order.
AUDCAD Long Trade SetupMy main forecast is a correction and more downside. That's why I want to take a short trade, but it can be a good idea to take a long for hedging. Now, I'm waiting for a small bounce-back to have a bottom to set my SL. When I have it, I'll place a pending order over the last top. 0.93150 is the Fib confluence level, where I'll hedge my trade.
BTC big move confirmed. SOS pending? As mentioned in my previous post, I knew a big move was coming.
This move was big. It is as strong as when the price moved to £64,000 the current BTC All time high.
It is too soon to start talking about a long term reversal but this defintiely was a short term reversal.
I have attached a Wyckoff setup and from my intuition a SOS could be the next thing on the cards depending how the price holds at these key resistance lines.
CADCHF Long Trade SetupDespite the sharp and quite big drop, my forecast on the bigger picture remains the same, which is a running flat. That's why my expectation is still an upward impulse as C wave. So, I'm waiting for a correction to place a pending order. Then I'll move SL to BE asap because there is still some potential for more downside, and as long as it stays over the previous low (green A), coming down is OK.
AUDCAD Long Trade SetupMy annotations indicate my main expectation, but there are some other options for the completion of the correction. Then we should see a big upward impulse. Now, I'm waiting for a new low (purple B) and a reversal structure to take a long trade. I do so because the new low can be the end of the correction. If I see any chance for one more downside after the purple C, I'll hedge my trade, otherwise, I'll just move SL to BE.
Akzoindia for solid returnsThe stock has been trading in a range since the start of this year .
Currently stock is trading near trendline resistance, though it also created good support around 2280 levels.
Stucture of the stock is good on the higher timeframes, hance if it sustains 2280 levels, it could move towards the range upper end i.e 2500 levels and also beyond it up till 2780 levels.
NZDJPY - Long positionI'm looking for a breakout of the small downtrend that has formed creating a triangle. JPY is very weak at the moment and the trade balance news that just came out doesn't look that good.
I'm waiting for some bullish momentum and then may trigger a long position around 77.75.
Entry: 77.75
SL: 77.47
TP: 78.20
This basically 1:1.5 RR
AUDCHF Long Trade SetupAlthough the bigger picture isn't too clear, it seems like a running flat is in the making. Based on my wave count, the last low can be the end of the B wave, and if so, we should have a reversal structure. That's why I placed a pending order over the last top. I hope we will get a small trade setup after the regular flat, so we can take a better trade.
EURNZD SELL SIGNALEURNZD SELL :
EURNZD is likely to go downtrends for sure as you can see in the chart it is following my regression trend as i set it , so surely it will go down ,
There will be 2 support lines which will be my TP and SL ,
I decreased the a little amount of pips for the Take Profit as we need to avoid the market reverting back when it comes near to our TP and vice versa(Increased a little amount of pips to avoid touching the SL so it can revert back and hit our TP).
Dont Worry it wont hit the SL(1000% sure),
TP : 1.68876
SL : 1.72991
PIPS GAIN WILL BE : 283
USDCAD SELL SIGNALUSDCAD SELL :
As you guys can see i kept my regression trend in the 1H timeframe and drew 2 trend lines along with my regression trend lines , so i observed a pattern which is definitely gonna go downtrend. It will hit the TP in 3-5 HRS after market opens
Risk:Reward ratio is 3.03.
SELL AT : WHEN MARKET OPENS
TP : 1.24196
SL : 1.24841
PIPS IN RISK : 20
PIPS IF GAINED : 60+
EURGBP SELL SIGNALAccording to Beginner Traders the markets going to bounce up and down following the trend in 4H chart as shown by the Yellow Line,
But According to me , If you go to months back there is a "Very High Level of Resistance" at "0.85697" , So the markets definetely gonna follow the trend as showed by the green lines and will definitely be in an upward trend once it hits 0.85697 resistance level as shown by the Red Line , So there are another 2 Resistance Levels which will be my TP's ,
and I decreased a little amount of pips as it should surely hit our TP's and increased 5 pips in Stop Loss(This is another level of resistance) , So we will be very likely to earn profits.
Also the Risk:Reward Ratio is "2.94"
TP1 : 0.86169
TP2 : 0.86403
SL : 0.85419.
HDFC LIFE : Pullback tradeThe stock looks great, we could see a trendline breakout with a decisive candle with good volume.
Though the stock did not see a good momentum movement post-breakout.
Now if it sustains 660 levels, chances are that it might be moving towards 720 initially and then towards 750 levels.
Trade type: Positional
NOCIL for solid returnsNocil looks great on all the time frames, though it is trading near its all-time high, the price structure looks quite positive on higher to lower timeframes.
Now if the stock sustains 200 levels on the daily timeframe, it could move fast towards its all-time high i.e 236 levels.
For swing traders SL can be kept below, 200 levels.
For Positional trading, Sl is a little far, but it worth it, because of current and previous price action, suggesting that it could go beyond its all-time high if it sustains 180 levels on its weekly timeframe.
The post is for educational purposes, if you are trading this, you are trading at your own risk.
This is my view/analysis on NOCIL, do let me know, what's your view on the stock.
ALEMBIC LTD - Trendline BreakoutAlembic has been consolidating in a triangle range for the past 1 month.
Price Action: there is a big bull candle formed within this range on 8 June 2021 on its hourly chart.
Currently Prices are trading near trendline resistance, hence any breakout if happens, then the stock can see a very good move on the upside i.e up to 140 levels initially and also towards 155-160 levels.
Stock can be bought with a SL below 125 levels.
USDCHF Long Trade SetupAfter breaking the previous low, it jumped back quite strongly, and created a reversal impulse. So, I'm waiting for a big enough correction to take a long trade. If the whole downward structure was a complete correction, we will have a nice upward impulse, otherwise, a correction and more downside.