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Banknifty Trade ideas and plan this week-25JunBNF: Last week , Played out all 3 scenarios that we laid out, a test near 26150, consolidation and 26300 levels and a upward test for 26800 levels. BNF continues to trade within the trading range formed on the 1st week of June. Testing the 78.2 % retracement, from there an upward push up to 27000, 27350 zones is a possibility. On the downside 26480-580 will support immediate support and a move below will be a good zone to test for a downward push Now we could play out the below scenarios for next week I.Continue upwards to test 27000, 27350 zones or higher, but given OI accumulation at 27000 I will be cautious for this scenario. II.Move below 26750 and test the zones of 26580-480. III.A break below 26350 to try and test 26150 and lower levels. Again at this point a break of 26100 looks difficult this week based on month end OI
NSE:BANKNIFTYShort
by PowerTrades
Zcash/USD (Zcash) Coming Into A Tradeable Low!Zcash/USD (Zcash) setting up for short-term cycle low with the medium-term cycle up. 2018-0510, 6:50 p.m. EST. By Michael Mansfield With current structure, the proportions would fit best to see one more low to complete big Wave B, or Wave 2 of 5 low, at between $254.00 to $249.00 area. It is possible the low is in, but I think not yet. However, if $266-$265 is the low, within a few hours, it makes it a Flat Correction, in Elliott Wave terms. One more low to the $254-$249 area, and its a Flag Formation. Both formations are likely bullish! So either way, a tradeable low rally for two weeks or longer, should be in within 24-48 hours, possibly sooner. NEGATED: The potential bullish breakout scenario would be negated if Zcash broke below the lowest Andrews lower fork's resistance line, currently at 207. PRICE VOLUME ANALYSIS: Bulk visual price/volume distribution resistance area (dashed blue line) is the major resistance area. That price level is currently at $289.00. The blue line is slightly lower at $286.00, so as not to cover up the peak of the graph (located at the right margin of the chart). A break above that "blue dashed bulk volume line," or the "pink Andrews Pitchfork" upper resistance line (currently sloping down), will likely confirm a new uptrend or at least a significant upthrust in the case of a Wave C corrective wave structure. TRADER TIPS: The minimum volume attractor area is shown by the ""dashed red line" and the low price volume distribution graph (also at the right margin of chart). This low volume area can be a magnet for price to quickly magnetize to, then reverse. Sometimes markets go back later to fill those areas to form a duel bell curve distributions. Conversely, the bulk price volume distribution area (think thick part of a bell curve in statistics) are often longer-term support and resistance areas where price has traded at and around that area for a significant amount of time in the past. This is especially when this data parameter is set based on the number of price ticks, price changes, rather than just the amount of volume at a given price). Watch these areas for price changes. CYCLES: The long-term cycle (not viewable at this price scale) is heading down, while the medium-term cycle in green is up. Since long-term cycle moving down will tend to dominate, I would expect a price peak prior to the green up cycle's peak date of July 15th. As with other cycle comments, these are young markets without a lot of price history, so there maybe longer cycles at play, either up or down, that we cannot yet account for. TRADER TIPS: When a larger cycle is down, while a middle-term cycle is up, prices will tend to peak earlier than the short-term cycle's peak date would indicate. The reverse could be true if the long-term cycle was up and the shorter-term cycle was down. In that case, you might expect an earlier bottom. Finally, when both cycles are up, the actual medium-term top will likely come further to the right, time wise. This skew is called "Right Translation." Earlier peaks are called "Left Translation." Cycle lows in stocks tend to be easier to pick out than cycle tops. But over the years I found that in many commodities, cycles tops are far more regular and easier to pick than cycle bottoms. For instance, Gold has a very regular 8-year cycle top. The next 8-year cycle top is due in late 2019-early 2020. That does not mean it will be a higher high. Gold may form a lower high, than the September 2011 high. So a bounce in gold lasting 12-24 months may be underway. Should gold, for example, clear $1550, then hold on for a likely higher high at $2200-5500, in 2019-2020, 8-yrs to 8.6 years from the September 2011 top. Some contracts topped in 2012, if I remember correctly. Digital assets seem to trade more like commodities in this regard. DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Michael Mansfield, CIO
BITFINEX:ZECUSDLong
by UnknownUnicorn1613901
1
EUR/USD - Using WA + MP - Potential ShortThe red boxes on the chart represent the Asian session as I came to notice that during the LSE session the pair would either come to the 50% of the TSE range, or all the way down retesting/breaking the low of the TSE range. Of course the opposite could apply, retesting/breaking the high in case of a downtrend. Details are laid out on the chart. For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Entries, targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Short
by Aqua_Trader
10
STRBTC Market ReviewA daily summary of the previous day’s market activity and review of current state of market on Cryptos. Analysis Daily Time Frame read On the daily TF after the price breached the green ray we are in overall buyer’s territory. STR is not sober right now. No pullback from buyers, bulls are moving aggressively. I see no entry to buy now, I don’t like chasing the market if you chase you will die. Be patient and wait for the market to give opportunity to buy. 240H Time Frame read On the 240H after price breached the orange line we got some pull back as selling happened, we had a entry right above the orange line and broke the resistance and stays above. No trade atm and if we get a pull back to the nearest resistance i.e 0.000044 then by looking at the price action then I can enter the trade. Entries, Exits If price comes down to the nearest S&R i.e 0.000044 Sats then by looking at the price action there I can do a sell or buy. If price comes do slowly there is a chance for buy and if price comes down aggressively then there is less chance from me to buy unless and until I see further price action. Aggressive Entries and Stop loss If you are quite aggressive in nature and don’t want to lose few Sats then you can enter the trade once the price comes down to the nearest S&R i.e 0.000044 Sats. SL below the wick. Conservative Entries If you are conservative in nature then you can enter the trade one we get pullback to the orange line and then leaves a wick at the bottom, come up aggressively and then holds there for a bit and then making a miniature HH then you can enter the trade and SL below the wick or Green line. If price don’t come until there leave the trade let it go off, why buying so high. We need pullbacks to buy. Risk Management • If you are an aggressive trader you can risk 2% of your capital on this trade. Tight SL below green ray. Position Size should be calculated based on 2% of the capital/SL by Sats. RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm. HODL overnight not more than that because BTC market is speculative atm. • If you are a Conservative trader you can risk 1% of your capital on this trade. Wider SL below the wick under the green Ray. Position Size should be calculated based on 1% of the capital/SL by Sats. RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm. HODL overnight not more than that because BTC market is speculative atm. Trade Management • Remove 50% of your profit once you make 5% on your investment and make SL to ‘0’ (Aggressive and Conservative entries). Add few more position once you see a HH and struggling sellers in between the green ray and orange ray (Only conservative entries). What can go wrong with the market? If BTC have good strength then trade might go in opposite direction n only once or two candles and comes right back up thus stop hinting will
S
by ReddyShyamShankar