Potential swing trade short on the DAX?Like many indices, the DAX has enjoyed a strong start to the year after a dismal ‘Santa’s rally’. But after a 9% rally this month and early signs of a potential top, perhaps it is time for the DAX to pull back from its highs.
If we look at the daily chart, the market formed a small top and daily close below 15,000. Whilst prices are back above the milestone level, upside volatility is lacking and there are now the early signs of a lower high with yesterday’s bearish outside day. Perhaps we have seen the end of a wave b, which is part of a 3-wave countertrend move.
• Futures markets point to a soft open for the cash market today
• The bias is bearish below 15,200 / yesterday’s high
• A 100% projection / wave equality is around 14,800 and 20-day EMA, making it a viable target for bears
• A break below 14,800 brings 14,700 / December high into focus
Swingtrade
USDJPY Short ideaW can see price is trading nicely below the 200EMA and within the channel on the 4H. With the collapse of the US economy and slow death of the USD, would be a nice 1 to hold for the long run and more entries on pullbacks, but for now:
Entry 130.00 - 130.336
SL: 131.500 ( a bit above the resistance zone)
TP1: 129.700
TP2: 129.250
TP3: 128.920
TP4: Open
XAUUSD CUP N HANDLEThe Cup and Handle pattern is a bullish technical analysis pattern that is formed when the price of an asset creates a rounded bottom, followed by a small downward trend and then an upward trend that forms the handle. This pattern is considered bullish because it suggests that the asset is in a long-term uptrend and that the downward trend following the rounded bottom is a temporary correction before the price continues to rise.
In the case of the XAUUSD gold chart, the Cup and Handle pattern suggests that there may be upward momentum in the price of gold . The minimum price target for this pattern is calculated by taking the highest point of the handle and adding it to the highest point of the cup. This gives a minimum target of 2800 USD for the price of gold .
However, it's worth noting that technical analysis should not be used in isolation when making investment decisions. It's important to also consider fundamental factors such as economic conditions and market sentiment, as well as risk management strategies. Additionally, it's always important to have a stop loss in place in case the price doesn't reach the expected target.
This analysis is not financial advice.
SWING TRADING: LONG USDJPY. TARGET 130.800TRADE TYPE: INSTANT ENTRY
TRADE DIRECTION: LONG
TIMEFRAME: 4H
ENTRY PRICE: 129.400
STOP LOSS: 128.000
TAKE PROFIT: 130.800
RISK TO REWARD: 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low.
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
GSPL - Bullish Consolidation with VolumesNSE: GSPL is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
EURAUD: Classic Bullish Setup Explained 🇪🇺🇦🇺
I spotted 2 important breakouts on EURAUD:
firstly, the price has broken and closed above a resistance line of a falling wedge pattern
and then a horizontal neckline of a triple bottom formation has been broken as well.
I believe that the market will bounce soon.
Goals: 1.578 / 1.5915
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SWING TRADING: SHORT USDCAD. TARGET 1.33900TRADE TYPE: INSTANT ENTRY
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 1.34650
STOP LOSS: 1.35370
TAKE PROFIT: 1.33900
RISK TO REWARD: 1:1
ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
NZDCAD: Classic Trend-Following Setup 🇳🇿🇨🇦
Hey traders,
NZDCAD is trading in a bullish trend since October.
Reaching 0.88 resistance, the pair initiated a correctional movement.
The price dropped to a trend line and perfectly respected that one more time.
Yesterday, the pair broke and closed above 0.86 - 0.8625 horizontal resistance.
It is a very important bullish clue, and it signifies a dominance of buyers again.
Look for buying opportunities from the underlined blue zone:
it is based on a horizontal resistance and a trend line.
I will expect a bullish movement from that area at least to 0.88 level.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
SWING TRADING: LONG USDJPY. TARGET 131.650TRADE TYPE: INSTANT ENTRY
TRADE DIRECTION:LONG
TIMEFRAME: 4H
ENTRY PRICE: 129.000
STOP LOSS: 127.670
TAKE PROFIT: 131.650
RISK TO REWARD: >1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low.
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
ALLCARGO - Bullish Swing Reversal with VolumesNSE: ALLCARGO is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
ROLEXRINGS - Bullish Swing ReversalNSE: ROLEXRINGS is closing with a bullish swing reversal candle.
Today's candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
L&T breakout on Day chartLT Chart is is on strong weekly support.
Entry: above 2215
Stop loss: 2300
Target : your R&R ratio
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. please consider it as a lerning
Eat🍜 Sleep😴 Job & swing Trade📈 Repeat🔁
Happy learning with Earning. Cheers!🥂
DAY TRADING: SHORT EURUSD. TARGET 1.07940TRADE TYPE: INSTANT ENTRY SHORT
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 1.08500
STOP LOSS: 1.08900
TAKE PROFIT: 1.07940
RISK TO REWARD: > 1:1
ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
RCF - Bullish Swing ReversalNSE: RCF is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
AGARIND - Bullish Consolidation Breakout with VolumesNSE: AGARIND is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
DOLLAR INDEX (DXY) Time For Correction?! 💵
Dollar Index looks oversold to me:
the market was contracting within the boundaries of a falling wedge pattern - a classic reversal pattern.
Its resistance was broken today.
I expect a correctional movement to 102.86 resistance now.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️