Swingtrade
VCP characteristics, Base on Base structureExhibiting good relative strength.
Tight contraction on the right hand side and volume dry up in the last couple of days.
Volume surge in shorter time frame.
Surged through pivot at 741.
Broader market is weak, therefore sizing 10% of portfolio.
Bought at 735, will close if breaches day low.
Publishing for my own reference. Not an investment/trading advise.
EURCAD: Important Decision Ahead! Your Plan: 🇪🇺🇨🇦
EURCAD is trading in a long-term bearish trend.
The pair started to consolidate within a horizontal trading range on a daily from the beginning of April.
Now the price is approaching its support.
From a current perspective, I see two potential scenarios:
If the price breaks and closes below the support of the range on a daily,
then a bearish trend continuation will be expected to 1.325
The price may respect the underlined structure.
To catch a pullback from that, watch a falling trend line on a 4H time frame.
If the price breaks that to the upside, I will expect a bullish move at least to 1.35
Wait for a breakout and then follow the market.
What do you expect?
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HDFCBANK LONGNSE:HDFCBANK can be good choice for swing trade for a couple of weeks as it made an inverted hammer on last week on weekly chart, and closed above the inverted hammer's low point.
A good support zone for this stock is at around 1300.
Trade Details:
Entry: below 1310
Stop Loss: 1280-1285
Target: 1405-1410
Holding Period: 2-3 weeks
Happy Investing :)
Cup and Handle baseVCP characteristics.
Exhibiting strong relative strength.
volume dry ups along the base, good buying volumes and trading above key moving averages.
Broader market is weak, therefore sizing 10% of portfolio.
Buy-Stop order set at 249.75
Publishing for my own reference. Not an investment/trading advise.
$SPY - Bull Flag Formed, Caught Between Supply And Demand$SPY has been rangebound this past week forming somewhat of a bull flag ultimately stuck between 410 and 416.
Personally, I'm expecting a break of 416 eventually as bears will eventually lose steam bulls look to regain control of the market.
Longs are safe above 416, shorts are safe below 410.
GBPCAD: Breakout & Bearish Continuation 🇬🇧🇨🇦
GBPCAD is trading in a long-term bearish trend.
The pair started to consolidate within a horizontal trading range in March.
On Friday, the price finally broke its support to the downside and closed below that.
I believe that it may trigger a bearish trend continuation.
Next goal for sellers - 1.555
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Please, support my work with like, thank you!❤️
Sell Idea For Next Week GBP-CAD Ichimoku AnalysisAnalysis:
According to Ichimoku signals: Daily, 4-hr and 1-hr downtrending. For extra sell confirmation i switch to Stochastics and Bollinger Bands.
I will wait for price to break inside bar to downside. Stoploss @ 1.58149 (70 pips) Target is strong resistance @ 1.54862. Risk to Reward 3.85. Potential pips 235. I will exit early if price breaks yellow trendline in H1.