HOPEFULLY BULLS WILL STRIKE IN AND HIT MY TARGET.The first question i always ask myself is "who is in control of price?" that way i can analyze my trrading from a price action point of view.
So, who is in control of price on this one? First we have a bearish trend followed by a tiny pull back and then an indecision candle which tells us that the bearish power might transitioning to the bulls. Of course i might be wrong, but that is why i keep my Risk/Reward a 2:1 minimum, that way i only have to be right 40% of the time in order to be profitable.
"Trading is not about being right most of the time, its about being profitable" - Anonymous
Trading Details:
Time Frame: 8hr
Entry: Above the high of the indecision candle
Stop loss: A few pips below the Indecision Candle
Risk/Reward: 2:1
Account Risk: 2%
Shortterm
BTC Drip DropDrip drop, drippery drop! Tried to weigh both scenarios I'm actually bullah bias... But the chart is telling me the contrary :D
- Symmetrial Broadening Wedge often more bearish than bullish, counting the waves inside it turned out bearish.
- Elliott Waves count point for a retrace to Wave 4.
- Resistance area @ 49k-51k
U do the math!
Ask the Creator 2 Reconcile n Pay!
DELTACORP looks good on weekly chartNSE:DELTACORP
If you see the breakout to the level 224, after breakout prices did managed to sustain above that level while volume keeps declining which indicates bit of weakness in stock for prices to move further up.
But in last week we have seen strong bullish candle breaking out the resistance level of 282 though candle doesn’t managed to close above that to take it as a confirmed breakout, we can still consider this as a good solid sign to consider this stock for Swing or short term trade. One can prefer to take further confirmation on 2h chart.
sp to a new LH??sp bounced twice on a monthly resistance(black dashed), now sitting between 2 weekly resistances(pink), i think it will at least retest the upper one, from there could bounce back, in that case it would be a new lower high or head to the next one above, where it will find a strong resistance area too. The move has been done with good volume, but any how the volume in the second half of September has been quite above average so doest have to be considered so hi.
short term trade 1/2 days, let's see what sunday night(cet) tells us
BTC Long Term OutlookThis is a look into the bitcoin long term outlook. Looking at Elliot's Wave Theory. BTC is currently in a bear market and will take a while to move back into a bull cycle. The sell off we witnessed from the high's was a significant push to the downside. We don't jus automatically move into a bull market after this sell off. Unless you have the help of the Federal Reserve where they can pump money into the economy. BTC is all about supply and demand. It will take time for the demand to build back up after a sell off, ideally at much lower prices where we can accumulate. This is a 3-5 year outlook so let's see how this works out.
JK Tyre at Resistance Zone - Short OpportunityHi Traders,
As you can see in the above chart , JK Tyre CMP is Rs.153.40/- and currently price is at resistance zone and you can take the short trade at CMP on Monday market after observing first 1 hour candle (it should be in downward direction -Red candle, then only take the trade) and target can be Rs.130 to 125 (Profit per share is Rs.23.4 to 28.4) and stop loss is based on your risk appetite.
Otherwise, if the price on Monday breaks the resistance zone in the upward direction then there is a another strong resistance zone at Rs.185 to 195, wait until price enters the resistance zone. After price enter the resistance, if a candle (1 hour candle-Red candle should be formed ) is formed in downward direction and closes below the Resistance zone (i.e. below Rs.185/-) then you can take the short trade and target is Rs.135 to 130 (Profit per share is Rs.50 to 55) and stop loss is based on your risk appetite.
This analysis is for short term trade (i.e. Positional trade) and not for intraday trade.
Note:
This is not a financial advice, please trade at your own risk.
Thank you. Enjoy the trade.
GBPUSD Short-term Buy and Long Term SellLong-term Sell
Triple confirmation:
1. Level 1.37500
2. Trend line re-test
3. Zone Retest
Enter short on:
1. A confirmation bearish candle as price fails
2. Break of counter-trend line (Once Formed)
ADDITIONAL CONFIRMATION: Look for strength of the USD on the DXY
Short-Term Buy
Short-term counter trend trade possible off level 1.37000 (Buy)
- Look for slight weakness on DXY
- Wait for bullish confirmation on level 1.37000
*Price may also go lower towards previous liquidity area around 1.36800-1.36822
Next price target for Hex in the short term is 0,66$!Hello, Trader. Today HEX hit the 0,50 cent, from here is the 1$ only 2x and the chart make a new Signal!
The Signal on the chart is a Ascending Triangle and this is a bullish pattern. After the brakeout the next price target for HEX is 0,66 $.
Dont miss the chance again like bitcoin. BTC make in 12 years 6.000.000x. HEX is design to out perform btc and make the 6.000.000x earlier.
CARDANO | ADA | Short TermHi Guys 🍀
I'm Emily and I hope this analysis can help you.
As we can see ADA has just hit support on Fibonacci and BB levels. I think the price is going sideways for a while due to the neutral market volumes. MACD looks undecided too so why not just wait a couple of hours to make a better move and beat the market?
Blue lines show support and Red lines show resistance. So we have 2 supports and 1 resistance which can control the price to go sideways for a while until one of them breaks.
Tell me if this chart helped you
Don't forget to hit like and drop comments 💚
BTC update. Short term-15min
The current price is 47k and the current BTC price has created a short-term drop pattern. If the current price falls below 47200, it is likely to fall back to 46k. Otherwise, the price may go up again from dot lines. However, if the current price goes above 48k, this pattern will be invalid
Bitcoin 4h Chart - Expected SituationsA pullback expected to near $47k
Next stop will be around $49300 and the price will range at there.
There are two options for the price after touching $49k:
- option 1: it will raise up to $51500 and will try to break the trend 1
- option 2: it fall down to $47k and test the trend 2 trendline again
Trend Key Points Indicator have been used to draw important key levels and key points.
Copper Wyckoff distribution idea!Hello my beauties.
The arrows don't reflect an accurate prediction of what the price will do, just a rough idea of the areas that I'm expecting the price to move towards.
For all the ones that have taken the trade already, good job!
Copper has just entered a phase of distribution and I want to profit from it while it's rangebound.
I will be long until the price reaches above the Buying Climax (BC).
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
Resistance Breakout and 52w HighNSE:PIIND
had been consolidating between 3350 and 3457 7-8 trading sessions.
today it has given a breakout out of 3457 creating a 52w high.
the blue bullish trend line is acting a resistance now.
we can expect a further up-move if the trend line is broken, so one can enter above 3540 for a target of your liking.
SL can be kept below 3350.
Happy Trading!
GOLD WYCKOFF ACCUMULATION 30 MINS! BUY ON SUCCESSFUL RETEST!Hello my beauties!
A nice opportunity here as gold is set to break out of its range after a spring on a 1h/30m accumulation! Watch out and good luck, always wait for confirmation and don't be greedy!
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX