CADJPY LIQUDITY LEVELSI see banks building up liquidity as they try to trap both the sellers and buyers.
We have clean equal highs where both stops and orders would be resting. Trade carefully pals
Rule of thumb, dont fight the institutions.
Priceactiontrading
AUD/CAD BUYConfluences for this trade:
Price at Daily support level
Double bottom
Bullish corrective pattern HTF
The pattern within a pattern LTF
Divergence
COSMOS is printing double bottom (W) pattern.Waiting for signal.ATOM's price is forming W pattern. One of the rule of W pattern is to bounce from central point as you can see on our chart. If this pattern is confirmed and bounce will come we can take a long.
But it has to be confirmed by Price action on lower time frime. We are monitoring this Price action signals with our members.
ETH is on the edge! It is not difficult to predict what will...On the Ethereum chart, a descending triangle forms and the descending triangle formation belongs to the bearish price formation, by means of which we assume a further decline in price.
On the other hand, the price is above the EMA 200, which indicates a bull signal.
Now you need to find out, on lower time frames, what's going on inside the candles and decide whether there is a good opportunity to buy or sell.
I will discuss all the essentials with my students today and based on our Price action strategy we will look for a suitable place to enter. Of course, all the conditions of our strategy must be met in order to increase the probability of a successful trade.
Apollo Tyres go Long
This is the Weekly time frame of Apollo tires. Accumulate at current levels with Sl below 215 with targets of 240/265/290.
Risk reward seems favorable. Thanks !!
For weekend classes on fundamentals and technical for cheapest beginner course. ping me
GBPAUD, 8hr tf, sell on 61.8 retracmentAs you can see price making a bearish pinbar exactly at 61.8 fibonacci level.
We might see price drop from this level so i am planning to sell it here.
Sell GBPAUD 1.8420
Stop loss 1.8470
Take profit 1.8200 (4.4R)
Use only 1-2% risk
Good luck
EURNZD, 4hr tf, sell the wedge pattern breakoutTrade ideas for EURNZD by Hardi
As you can see, a potential rising wedge pattern could be in play. The target should be around 1.6810-20 area.
Right now price retracing at the 61.8 fibonacci level after breaking below the support. This could be a short opportunity for this pair as it is now at an interesting level.
Using elliott wave principle, we might assume this as ending diagonal as well. Both pattern point towards the same target area.
Sell EURNZD 1.7015
Stop loss 1.7045
Take profit 1.6820 (6.2R)
Use only 1-2% risk
Good luck
ADA/USDT Analysis. Cardano HAS VERY GOOD CHANCE :)Cardano is out from Daily trend line which was in Down trend. Now we have nice chance to go up. Only one thing can stop us, it's strong Daily S/R level plus Pivot point R3 (means daily resistace).
We will swith to lower timeframe and look for entry. Our Price action strategy will tell us what to do. :)
Keep in touch with us and Happy trading :)
[Reliance]: Break and Retest done and Ready for Power MoveReliance looks strong in the chart and breaks downward trendline and retested followed by a bullish candle.
So, I am looking to go long in Reliance above 2235 with initial Stop Loss @ 2105 for the First Target of 2365 and 2nd Target of 2495
1st target has a Risk-Reward ratio is 1:1 and 2nd Target has a Risk-Reward ratio of 1:2
If my 1st target achieved then, I will trail my SL from 2105 to 2149
Cosmos ATOM/USDT current setup. Price action strategy baby!!!On the ATOM / USDT chart we can see how the price responds beautifully to Pivot point R1 daily and also Pivot point P weekly.
After breaking the daily trend line, the price rises, but we are close to Fibonacci level 0.382, where the price will certainly respond.
At the moment, I prefer the price drop to the current trend line.
On a lower time frame, we have a nice opportunity to enter. Therefore, it is important to do Multi time frame analysis. In my case D1-H1-M15.
Happy trading.
BankNifty Support and Resistance [28 Jun 2021]Red lines are resistance area and Green lines are support area.
On Monday, if BankNifty breaks the green trendline, then it may fall further. So, in case it breaks Green trendline then wait for it to retest the Green trendline to enter into a short trade in future or short BankNifty ATM Call option.
On the other hand, if it breaks red trendline then wait for it to retest the red trendline, then go long in future or short ATM PUT option.
EURJPY, 4hr tf, sell on confluence of resistance
Last pair for JPY crosses is EURJPY.
It is now on area of confluence resistance. Not only horizontal resistance but also EMA-50. If you draw fibonacci retracement from ii to iii you will see we're around 61.8 fibonacci retracement as well.
Check my NZDJPY and AUDJPY sell setup as well if you follow this.
Sell EURJPY 132.15
Stop loss 132.70
Take profit 129.70 (4.45R)
Use only 1-2% risk
Good luck
NZDJPY, 4hr tf, sell the hidden bearish divergence
We got another sell setup for JPY crosses which is NZDJPY.
As you can see price making a hidden bearish divergence and it occurs exactly at EMA-50. We might see price rotate lower from this point.
Sell NZDJPY 77.65
Stop loss 78.00
Take profit 75.80 (5.3R)
Use only 1-2% risk
Good luck
AUDJPY, 4hr tf, textbook example of Elliott WaveWe saw a textbook setup of Elliott wave principle.
Wave-iii stop exactly at 1.618 fibonacci extension and price then retrace for wave-iv.
We could see wave-iv stop retracing any time soon. As price now facing EMA-50 as resistance.
We still need protective stop loss to play it safely so we will use 84.00 as our stop loss because there is where wave-i located.
Sell AUDJPY 83.60
Stop loss 84.00
Take profit 81.70 (4.75R)
Use only 1-2% risk
Good luck
GBPJPY, 4hr tf, sell the end of wave-ivTrade ideas for GBPJPY by Hardi
Price right now on horizontal resistance level. There is also EMA-50 on this resistance level so we could say this is an area of confluence.
Yesterday we see an aggresive meltdown on GBPJPY, which i assume as the wave-iii.
Right now, I am assuming we're at wave-iv because it is retracing the recent meltdown. We will use wave-i as our protective stop loss based on Elliot Wave Theory
Sell GBPJPY 153.70
Stop loss 154.20
Take profit 150.70 (6R)
Use only 1-2% risk
Good luck
ADA/USDT Analysis. Cardano under 1 USD ? Cardano is in a strong down trend. In the multi time frame analysis, we see a line down trend on H4 trend, and also on H1.
What matters is what Price action will show on the lower time frames.
At this time, we prefer a drop to 1.05 and below $ 1. An alternative scenario is a turn up and a rise to 1.16 and further above 1.26.
Do not trade without proper rules based strategy. Never!
EURUSD Overview week commencing on the 21st June 2021 Strong Bearish momentum carried on the previous weekly candle.
Daily chart - uptrend, however is retracing currently.
H4 Charts - Break of support, 123 move to the downside break uptrend structure.
30m Chart - Downtrend, waiting for a proper pull back to try and join the bears with the shorts close to the higher timeframes support levels
[TataMotors]: Set for Breakout and Likely to Hit All Time HighTataMotors is strongly bullish and ready for a breakout.
I am planning to add some shares of TataMotors to my portfolio.
Entry Criteria:
Long Only- TataMotors looks strong above 361 with an initial Stop Loss at 251 for a target of 600
However, I will book partial profit near short term resistance levels @ 432, 485,550, and final 600
Risk:Reward ratio is more than 1:2
BRITANNIA TF 1DAY 3 PATTERN BREAKOUT HERE WE CAN SEE THE BRITANNIA CHART AT 1 DAY TF WE CAN CLEARLY SEE THE BREAKOUTS OF MULTIPE PATTERN AT SINGLE MOVEMENT LETS SEE HOW IT GOES BUT VUT IF VOLUME IS SUPPORTIVE WE WILL ENTRE
GBPUSD, 4hr tf, wave-5 to the upsideTrade ideas for GBPUSD by Hardi
We could see further upside in GBPUSD. Price moving in sideways direction for the last 3 weeks. I think we will have explosive movement soon.
We also currently completing WXY correction and might continue to go upwards completing wave-5. Wave-4 complete exactly at ascending trendline support.
Notice that FOMC is just around the corner so minimize your risk as low as possible.
Buy GBPUSD 1.4120
Stop loss 1.4060
Take profit 1.4300 (3R)
Use only 1-2% risk
Good luck
