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USDCAD: Multiple rejections, temporary bullish biasPrice has recently rejected the daily (D) ascending channel support level. Price then pushed up and broke out of the one-hour (1H) descending channel to form a higher high. Price then pulled back to retest support, forming a higher low. I expect price to continue to the upside. **Rationale:** - Ascending Channel Support (D) - Multiple Rejections - Elliott Wave Completion - Descending Channel Breakout (1H) - Higher High - Retest of Support - Higher Low **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Long
by Forexity
1
NZDUSD Possible retest and continuation to the downsideThe price recently broke out of the ascending channel (4H) and went on to retest the recent swing high, creating an Equal High (EQH). It then rejected the wedge (W) and downtrend line (M) resistance convergence and continued to push downward. Currently, the price is converging with resistance and the 38.2% Fibonacci retracement level. We anticipate that the price may continue to reject this resistance area and push further to the downside. **Rationale:** ~ Wedge (W) and downtrend line (M) resistance convergence ~ Multiple rejections of resistance ~ Shallow pullback (Fib 38.2%) resistance convergence ~ Possible retest ~ Possible lower low formation **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
AUDUSD: Multiple Rejections, Potential ReversalPrice has recently rejected this level multiple times. As-well-as multiple rejections and long-wick candlesticks, we have a rounding top chart pattern. I anticipate price will continue to reject this level and eventually breakout of the uptrend line, suggesting a bearish bias. **Rationale:** ~ Area of resistance ~ Multiple rejections ~ Long-wick candlesticks ~ Rounding top ~ Break of trendline --- **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday #daytrading
Short
by Forexity
Market outlook☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
PEPPERSTONE:GER40
by Yelli_trades
1
Nifty Short, Medium & Long Term View- 13-May-24 to 17-May-24Nifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 Nifty closed at 22055(22440) and touched low & high of 21935 & 22585 Nifty was up from the support level and was trading inside the range (22000-22800) provided last month. However broke the support and touched down 21935. RSI and stochastics levels was up from last week(41.45 % & 13% Respectively). Both are near to oversold zone. All Companies so far posted results are average other than Bank & Finance stocks which posted Good results, IT posted muted growth, Maruti posted good results, Reliance, Ultratech posted good growth. Other manufacturing, capital goods companies results are awaited in coming weeks. Nifty bank 47421(48896) - Nifty bank was up marginally inline with nifty last week. Many bank & Finance stocks are buyable zone. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bank of Maharasthra ( Buy on Dips) ,Canara bank( Buy on Dips) can be accumulated slowly as well. Apart from that Motilal Fin, Chola Finance, ICICI Securities, Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, suryoday small fin. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Apollo tyres, Biocon, Coforge & persistent Sys can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Nifty 224055- Short & medium term (Neutral) Nifty have resistance at 22350 ( MA 50). As mentioned in the past month, nifty almost reached the near term target 22819 two weeks before (Fibonacci extended resistance target) and started falling ( 22819 Target- which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak/23000 which cant be crossed decisively. Short term support 22230 (MA 50)/22000/21800 Medium term Support - 21721 (Mar Low),21500 (Fib & Trend Line Support),21180, 20877 Fib Support as shown in the chart. Long Term Market expected range bound between 23300 ( Trend Line Resistance till May 2024) to 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Market Awaiting for the Q4 results to take a cue. Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence whenever there is a dip in the market, continue to buy on small quanties till post election survey results are revealed on Jun1- Jun 3rd and Jun 4th Election results. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 32935. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend.ifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 every dip of individual stocks (2-5% of portfolio on each purchase for long term) Nifty 22419- Short & medium term (Neutral) As insisted in the last month, Market need to decisively close above 22800 to move up further. As expected last week for come back rally market went up.As mentioned in the past month, nifty almost reached the near term target 22819 two weeks before (Fibonacci extended resistance target) and started falling ( 22819 Target- which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak/23000 and again trying to cross it. Short term support 22230 (MA 50)/22000/21800 Medium term Support - 21721 (Mar Low),21554 (Fib Support),21300, 20877 Fib Support as shown in the chart. Long Term Market expected range bound between 23300 ( Trend Line Resistance till May 2024) to 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Market Awaiting for the Q4 results to take a cue. Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence whenever there is a dip in the market, continue to buy on small quanties till post election survey results are revealed on Jun1- Jun 3rd and Jun 4th Election results. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 34918 /34000 two weeks before and went upto 32919. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend. Nifty closed at 22055(22440) and touched low & high of 21935 & 22585 Nifty was up from the support level and was trading inside the range (22000-22800) provided last month. However broke the support and touched down 21935.
NSE:NIFTY
by karthikss
Friday market update☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
by Yelli_trades
End of the week outlook - holiday time☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
by Yelli_trades
May Market Outlook, Sectors Rotation, Relative Strength AnalysisSince February, the commodities asset class has surged ahead, overshadowing the S&P 500's faltering performance. This notable shift in market dynamics underscores the resilience and strength exhibited by commodities during this period. Of particular interest are the XLE and XLU sectors, which have emerged as frontrunners since early March. This transition coincided with the decline in momentum of previously dominant sectors like XLK and SMH (refer to Fig. 2). Notably, XLE and XLU, characterized as growth defensive sectors, have thrived amidst market downturns. Investing in commodities and energy/utility sectors during these phases could have yielded significant profits, with select energy stocks boasting returns exceeding 25%, while the S&P 500 experienced an approximate 10% decline. Looking ahead to May, it's anticipated that XLE and XLU will maintain their market leadership, albeit with a slight loss in momentum. However, investors are advised to remain vigilant as these sectors may soon witness a change in dynamics. It's crucial to employ stop limit orders to safeguard profits in such volatile conditions. Following the current trajectory, XLY, XLRE, and XLF are poised to emerge as significant players in the market cycle (refer to Fig. 3&4). However, it's important to note that these sectors are susceptible to rapid momentum shifts, particularly when XLK and XLC regain momentum. Looking towards June, indications suggest that XLK and XLC will likely regain prominence in the market. For buy-and-hold investors, this presents an opportune moment to consider purchasing assets during market dips. Considering these market dynamics, my top investment picks are (TSLA), (GOOG), (AAPL), (ORCL), and Cisco Systems, Inc. (CSCO). These companies demonstrate strong growth potential, especially when timed strategically to align with sector rotation leadership shifts.
AMEX:XLELong
by MESHANL
JOE / USDT Update 05/04/2024Honestly, no idea, even smallest...or it was a premature end of short order or it is going to "HIT" TP.... Personally me? I did "cash in" already...chasing the "crumbs" could lead to the loosing all pack of the bread...Simply I do not like pointless gambling... or... it is simply lack of the patience... not so sure... G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS": PS, general advice: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point. ( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & wait for price retracement to ( 1 )- EP-SL area or for the next new set up ;) Congratulaions to all traders with profits again! ;)
by G-money2022
OTLK Surged 22% On Positive Opinion from CHMPOutlook Therapeutics, Inc. (Nasdaq: NASDAQ:OTLK ), a pioneering biopharmaceutical company, has achieved a significant milestone in the realm of ophthalmic healthcare. With the recent issuance of a positive opinion by the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA), Outlook Therapeutics ( NASDAQ:OTLK ) inches closer to securing authorization for ONS-5010/LYTENAVA™, an investigational ophthalmic formulation of bevacizumab, as a treatment for wet age-related macular degeneration (wet AMD) in the European Union (EU). The Positive Implications: This positive opinion from the CHMP underscores the potential approval of ONS-5010/LYTENAVA™, which stands to revolutionize the landscape of wet AMD treatment in the EU. If granted final authorization by the European Commission (EC), ONS-5010/LYTENAVA™ would mark the first on-label, ophthalmic bevacizumab approved for the treatment of wet AMD in the region. Russell Trenary, President and Chief Executive Officer of Outlook Therapeutics, expressed pride in this achievement, emphasizing its significance in advancing wet AMD treatment options. He highlighted the company's commitment to delivering innovative solutions to address critical unmet needs in ophthalmic care. Clinical Basis and Market Potential: The CHMP's positive opinion was founded upon robust clinical data derived from Outlook Therapeutics' comprehensive wet AMD clinical program for ONS-5010. This program encompassed three pivotal registration trials—NORSE ONE, NORSE TWO, and NORSE THREE—alongside supportive studies and bibliographic literature. The efficacy and safety demonstrated across these trials signal promising prospects for ONS-5010/LYTENAVA™ as a viable therapeutic option for wet AMD patients. Furthermore, ONS-5010/LYTENAVA™ offers a compelling alternative to current treatment modalities. Unlike existing practices involving the repackaging of intravenous bevacizumab by compounding pharmacies, ONS-5010/LYTENAVA™ eliminates concerns regarding contamination, inconsistent potency, and availability. By providing a standardized, approved formulation, ONS-5010/LYTENAVA™ ensures greater reliability and safety for clinicians and patients alike. Looking Ahead: The anticipated authorization of ONS-5010/LYTENAVA™ holds immense promise not only for Outlook Therapeutics but also for the broader medical community and patients grappling with wet AMD in the EU. The potential introduction of this innovative treatment stands to enhance therapeutic outcomes, mitigate risks associated with current practices, and ultimately improve the quality of life for individuals affected by this debilitating condition. As the EC deliberates on the CHMP's recommendation, stakeholders across the healthcare spectrum await the imminent decision with bated breath. Should ONS-5010/LYTENAVA™ receive final approval, it would signify a monumental leap forward in the fight against wet AMD, reaffirming Outlook Therapeutics' commitment to innovation and patient-centric care.
NASDAQ:OTLKLong
by DEXWireNews
10 Daily Outlooks. D5. BTCUSD, XAUUSD, GU, EU, US100☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BITSTAMP:BTCUSD
by Yelli_trades
5
10 daily outlooks. D2Will analyse markets and possible entries every day for 10 days. Send your pairs or questions ☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
by Yelli_trades
10 daily outlooks. D1Will analyse markets and possible entries every day for 10 days. Send your pairs or questions ☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
CAPITALCOM:US30
by Yelli_trades
1
💡January 22-26 WEEKLY OUTLOOK💡☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment.
by Yelli_trades
3
EURUSD Outlook - New Year New ChallengesLooking at the overall I see a major level around the 1.094s, with 1.096 being most likely as the EURUSD tends to favor that particular pip area in each major price mark (*.***6**). This looks like a "Shelf" area of support where a lot of buying took place before. Seeking Long out of the 1.09s but in the meantime looking for a liquidity run short into the long, with the shorts playing out possibly early in the week with the turning point and rally on NFP release. Using a funded account to make trades with, currently this account is part of a 5k Challenge, 2 phase evaluation. This is the starting trades. Opening trade is placed and active with long 0.04 at 1.10212, stop on 1.09960, targeting the short entry of 0.04 at 1.10658, having the stop at 1.10910. Should the short fail from there, a second, larger size of 0.06 is waiting with a limit sell from 1.11211, stopping at 1.11510. Short targets are set for 1.096, just shy of the predicted long entry to be on the safe side. Long and overall Post NFP looking for an entry around 1.0947, stopping under 1.09164, and Intend to use a .04 or .05, though that will depend on the outcome of the first few sets in the range of trades up to this point, hit or miss.
by ForexStoryteller
NIFTYBANK WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:BANKNIFTYShort
by Tradelikemee
ETH Forecasting (2023-2035)Ether is going to have a triple halving and many people forget just how bullish this is for the ecosystem as a whole. The SEC has given ETH many free passes and if theyre able to escape regulation, then it will result in massive price appreciation. ETH topped out at nearly $5000 per share and with more adoption from retail, ETH should see new levels of over 5 figures per share. This would be huge for the globe because it shows the world how supply, utility, and decentralization works. I am worried about ETH and their management of gas frees. Vitalik stated in a video that the #1 Blockchain should be this expensive, I agree but where I disagree is that they're scaling so quickly while theres other chains really raising the odds at competing with ETH such as HBAR. ETH could have discussions and slander for centralization, but for this bullrun ETHER will continue to be a top 2 asset and a top mover.
CRYPTO:ETHUSDLong
by MarkBTV