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Nifty 50ping pong days ahead. Expecting strong corrections in all index stocks in nifty 50. Thats why index's behaviour are so important cz it gives you information about everything as a whole. how stocks are going to perform. this might look like sell on rise market for index as well as individual stocks but its also a buy from bottom kinda thing. One thing for sure though, its definitely not a good time to invest Long term. Probabilities aint in favor for long term investor keeping in mind interest rate hikes coming ahead in the International front while indian governments trying to ignore all that and keeping the view growth-focused. Nevertheless, it only takes one dynamic trader to negate the outcome of your edge, so don't underestimate People with Big Money mainly, Fii's and Dii's. They have been doing this since time immemorial. So keep your emotions aside, follow your setup, and if you're a newbie, "paper trade" will only increase skill of your setup. Taming the "mind" is a whole another ball game. #mindset #bring it on #volatility #survivalofthefittest
NSE:NIFTY
by Sarcastic_Sharma
USDCHF 30 minSince most traders expect that USDCHF wil go down soon, It makes me more to look for the oposite scenario, so and there it's, those 2 pink lines with bottom blue line are making what really looks like an ascending triangle, but both blue lines are looking alot like rising wedge, there is only one way to find out which scenario is right, so now I just sit and watch. Soon there's gonna be USD news - Pending Home Sales, which could really decide the next move for USD and this pair. Good luck and trade safe! t.me
by EdgarsFX
GoldI know this one goes against my previous gold chart, but I think that this one can't be ignored. This looks like a huge/long bull flag on 30 min, price has closed below fib 50 level, which can mean thats it's not valid, but on my MT4 chart this close has been really smal and short, even if that's not a bull flag then it's a nice chanel. keep in mind this one, and remember USD will come down sooner or later. Lets see how this one plays out. Good luck and enjoy trading! My telegram small group. t.me
TVC:GOLD
by EdgarsFX
EURJPY mixed scenarioThe price just broke through the descending trendline on the daily timeframe but is currently situated in a very strong resistance area. A closer look on the Stochastic indicator in the D1 & H4 shows us that a correction is inbound. In this case, short positions may be opened after the price climbs higher, forming a regular sell divergence on H4 and then falls under the last low with a first profit target situated on the H4 ascending trendline marked with blue and a secondary profit target situated near the bottom of the range. Long positions may be opened in case the price falls in the 38.2-61.8 fibonacci retracement area and bounces from the ascending trendline on H4 while forming a hidden bullish divergence.
by LSTFOREX
Bitcoin bullish leg up expected soonBitcoin already broke ascending triangle on a bit elevated volume. For a bigger move we would see more volume coming in. I see WXY as a possibility. Target @4040-4090. *We have Daily 100EMA at 4040. *Weekly fib resistance at 4090. Also if you make a fib retracements 1.618 is my target based on recent behavior. If you are LONG taking profits just above 4000 would be wise. Shorting at @4050 (If given) is an option with TP 3764(for those not willing to wait) Final TP - 3518. Have a great day! BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by Patrikas10
BTCUSD - Path to new highs 2 or Correction looming? Crossroads+Currently, we seem to find ourselves at a crossroad yet again. Is this truly a path to new highs? Yes, overall Market Cap has greatly increased, that is a clear given. Is institutional money already pumping futures-like volume in this sector? Yes, but haven't they already been doing that all year? Regardless, I digress. the blast through $8k is anything but a blast, mere poke at best, at least at time of writing this. Will tonight prove to be a solid breakthrough of the over-mentioned level? Time will tell. At the moment as well, we note that many technical strategists are calling this the B wave of an ABC correction stemming down from the previously established ATH* on "no 2x" day. By that logic, we should see (sooner or later) a C wave coming down from here... or so they think. If we go by the technicals, we see a clearly an overbought reading regarding the longterm picture. However, Bitcoin has proven time and time again that the technicals only show a road map, not an exact GPS play by play. We have to be nimble and flexible. If we break through $8K with force, there is a clear buy signal that will emerge, from which we could initiate short term trades, and remain cautious of the overall overbought sentiment. In the event that we do not cross $8K with force, would this classify to be a Double Top? Definitely something to monitor. We note further support levels at $7000, $6700, $6000, & $5500. The channel above has been extended from a previous analysis I did recently, not one I've posted, but a notepad I've kept handy for the recent near term trades I have been in/out of. I decided to extend it and let it play out given the fact that the recent "correction" was steep/quick and noted retracing back into channel depth. Comments and questions always welcome.
COINBASE:BTCUSD
by eag09