GBPCHFGBPCHF is been in strong bearish trend and hitted the long term daily demand zone. As of now the the price has shown the fairly good reaction from this level. Currently the price is been range bound and seems like it is ready to break range.
Rangebreakout
SANGHI INDUSTIES SANGHI INDUSTRIES create a multiple higher on 72 to 74 price that is resistance and supply zone
that hold multiple high on that + range breakout that 72 rs share when cross 74 & 75 give 10 to 20% and more return easily an single weekly or monthly candle
keep eye on that
Bitcoin Upside Potential to $40,000With the test of the support at 24,500, Bitcoin has successfully tested the last big untested level. Since the levels below have all already been tested successfully, an upward move was the more likely outcome. At present, there are many technical indications of further upside potential. Bitcoin is currently consolidating bullish at the 2023 high and a very strong weekly resistance at around 30,800 to 32,000. The consolidation is supported by the gain of the 30,000 level.
As long as the range (green small box) holds, we can expect a test of 31,800 as well as a potential bullish break out of it. Should the price close significantly below 29,800, the level around 25,000 would become interesting again. In any case, one should wait with a trade until either the level around 31,800 is gained with a bullish move or the level around 29,800 is given up in a bearish move.
The corresponding targets would then be 40,000 and 25,000.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
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JSWSTEEL is ready for 2 years breakoutEntry 730 to 735
6 months target 1190Rs
Stock is ready for 2 years long range breakout
ORNUSDT ORNUSDT is trading in a range bound area, but has given a signal for range to break with bullish divergence. if it breakthrough 0.6940 region, it will be a nice buying opportunity.
MDXUSDTMDXUSDT was trading in range from last few days, finally today it broke through the range and currently again got range bound. If it gives healthy closing out of the range at 0.655 region, it will be a nice buy setup.
XAUUSD Potential Breakout TradeGold testing againg major resistance of 1967 and if breaks we can see gold around 1973.
XAUUSD Potential Breakout TradeGold is about to break its range please place buy and sell order to take trade.
Manage your risk accordingly.
IMXUSDTIMXUSDT has given the breakout of long term consolidation , and currently retesting the breakout. If the retest hold perfectly, then the estimated targets are 0.84 to 0.90.
Forex Trading IdeologyIn Forex trading, understanding price movements is essential for success.
This article presenteds a conceptual ideology that metaphorically interprets price movements in Forex.
We explored range trading as breakfast and conversation, where traders analyze overbought and oversold levels on a RSI 4 for potential breakouts.
Trends were attributed to buyers and sellers, with uptrends indicating bullish sentiment and downtrends reflecting bearish sentiment.
Breakouts were seen as pivotal decisions made during breakfast, confirmed through technical indicators like the RSI.
Correlation and retesting allowed traders to analyze market relationships and make informed decisions.
Trend continuation or reversal required careful analysis of price patterns and indicators.
Finally , the closing and opening of trading sessions marked the end of one day and the start of another.
By applying this kind of ideology, traders can gain insights into market dynamics, improve their strategies, and make informed decisions in Forex trading.
♧J
Nifty Trade Setup (23-May-2023)So nifty moved 100 points and gained almost 60 points on first 15 minute candle with flat opening.
After first 15 minute gains nifty took support and moved range bound for 60 points up and down.
according to price action its still moving in rising Triangle Pattern and following will be my trade setup :
1.) If market opens Flat and if price breaks on upside for target of 18374, 18400, 18430 and 18450.
2.) If open Gap up will wait for price to sustain at that level or any rejections from the Targets.
3.) If open gap down near by support placed at 18270, 18230 and 18212. if price takes support on these levels will look for buying CE for 18330 .
4.) On Triangle Bearkout or Breakdown same levels will be targets on upside according to 1, on downside breakdown according to point 3.
Views are bullish and Gap up opening:
Reason strong buying in Adani Stocks.
Cardano to register further gains following range breakout?The range formation for Cardano was finally broken on Wednesday, despite the weakness of Bitcoin.
The former bearish H4 OB at $0.375 was flipped to a bullish breaker. Moreover, the range breakout saw an FVG (white) develop at the $0.375 area as well, marking it as a good demand zone.
Yet, if Bitcoin was unable to climb toward and past $27.8k in the coming days, the bullish sentiment behind Cardano could begin to fade away.
Entry: $0.372 (retest of range highs)
Take-profit: $0.383 (small imbalance and short-term resistance)
Stop-loss: $0.368 (below FVG)
XRP could see a rejection from range lowsXRP traded within a range from $0.44-$0.48 over the past two weeks
The recent breakdown below the lows was accompanied by an FVG (white)
Retest of range lows and a brief move into the FVG to hunt liquidity before reversal back toward $0.4 was a possibility.
Entry: $0.4437
Exit: $0.3974
Stop-loss: $0.4585
R:R- 3.16
AGIXUSDTAGIX was trading in bearish trend.
After bearish trend it spend most of the time in consolidation and now finally broke through the range.
Will it continue its bullish trajectory?
Long Opportunity at Breakout in XAU/USDBreakout Entry in OANDA:XAUUSD
XAU/USD showing some strength, seems like it will give a breakout entry above the range.
DXY also continuing its downtrend.
Trade your Levels accordingly.
Best of Luck!
Gold Potential Symm Triangle / Range BreakoutSymmetrical triangle / Range formed during last week is being broken, potential target is the last high or above until the big channel top
EUR - Where to next?EUR - Where to next? $ OANDA:EURUSD FX:EURUSD
On the docket today is US Unemployment Claims - Which should shift the markets to either direction and at end of the week PMIs
EUR: Currently within range
Highs: 1.09992
Lows: 1.09095
A break of the highs I expect EUR to re-test the previous highs of 1.10555. However, if we are to break this trendline up and the range lows we are in, then I expect us to test the next support of 1.08510.
Have a great day ahead,
Trade Journal
PANW ranging - indications of a downtrendPANW has been ranging between 181 and 192 for around a month, at a high position.
We now expect it to go to the downside with a possibility of dumping to our targets.
More details are shown on the chart.
Good luck!
Nifty in Range after Gap downAaj Nifty Gap down khula, Recover kia and phir 1ghnte baad sara din 40 point ka range mai raha. Ab next day aggar same level khul ke 15mins wohi trade karta rahe toh upar side gap cover karne jasakta hai.
SL: Built up ke neechay ya Range ke i.e. 17395-173400. Aur neechay b nikle built up ke baad toh same.
LDO SHORT HTF LDO. SHORT. HTF LAYED OUT, play the range dont worry about the middle action but confirmation on the way down is key,
TECH MAHINDRA monthly range breakout PREMPTINGtech mahindra range breakout preempting
it index is strong and most negative news are priced in
on monthly basis its forming a marubozu candle
my sl is 940weekly closing basis
target 1277 1484
after falling forming range
on weekly basis range breakout has occur and this week i will be consider for confirmation if it closes above 1127 on weekly basis
