Swingtrade
SWING IDEA - GICREStock has made a MACD Cross this week on the Weekly Chart. This crossover can take the stock easily to its Swing High levels again.
The coming week could take the stock to a good move upward if the Market condition remains to be good.
Take entries only after the Market sentiments are favoring.
US30 34,500 SWING TRADE BUY PRICE Looking at past price action on the 6, 4 & 3-month chart, I can see the price has pulled back to 78.6% fib levels in July, Aug & September which are the last 2 months in the financial year and 1st month in the new financial year in September then after September during Oct, Nov, Dec price has accelerated bullish with huge engulfing candles (Santa Clause rally) following past price action patterns. Currently with the fundamental condition of the market and interest rate cuts pending for September/October/November Q1 (Q4 of 2024) the following 6 months starting from mid-July 2024 have been bearing as price is oversold in a premium market which isn't giving room for more buyer to enter the market at a fair price before the FED rate cuts and indices and stock start the next bullish run for 4 years in the market cycle, so price need to sell into a discounted market below 37,776 which is above the 4month IMB and 4month bull OB.
From my analysis price would need to pull back and fill the 4-month IMB and draw towards the 34,500 (safe price) area (32,742 is my 78.6 swing trade price) price there is a monthly bullish OB and 3,444 pip of IMB to be filled. I'm not expecting the price to run directly towards this price area but it will eventually get there over time or to 50% of the IMB at 36,400 or 36,250 (QL)
U.S.Dollar / Brazilian Real Hey traders as you can see we are approaching a supply area on the USD / BRAZILIAN , my weekly fundamentals are telling me we have got a potential good set up here to sell.
Sell limit trade
Entry 5.6514
SL 5.7832
TP 5.1315
This chart material is for educational purposes only / Demo account should be traded only
WIPRO - The IT sector pick with Minimal Downside Risk!Overview:
- Entry Point: Current Market Price (CMP) 475
- Target: Around All-Time High (ATH) 740
- Risk-Reward Ratio: With a downside risk of just 10% and aiming for a 50% upside, this trade offers an impressive 1:5 RR ratio.
Aiming for a significant upside with well-managed risk. Let's see if we can capture this opportunity right!
Stay tuned for updates and trade safely! Happy trading!
Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing.
Thanks & Regards,
Anubrata Ray
XAUUSD: Are We Heading Towards $3000?After looking at monthly price momentum, in our view price can create all time high and go beyond $2500 in long term. Most of the economic data suggests the future growth on Gold. In short term right now we are targeting $2500 region at first after that we can some short term price correction. There will be multiple good entries that market will present, the first one is at the current trading price. We will update the chart as we progress.
good luck ;)
Marathon (MARA) - Breakout and Upward MomentumMarathon Digital Holdings has been trading sideways for an extended period after our last analysis. The stock formed an equal high, dipped again, but consistently held around the High Volume Node Edge Point at approximately $20. Following the latest retest of the $20 level, MARA has broken out upwards, leaving a breakout gap behind. Today's 19% increase indicates strong upward momentum.
Key observations include the breakout gap, which may be retested. This retest could provide a good entry point if the price holds above the gap. The $20 level has proven to be a strong support area, consistently holding the price during the sideways movement. The recent strong movement and potential bottom formation at $14.23 indicate a possible end to the downward trend. A push above the $25 level would provide stronger confirmation of the bullish trend and indicate a clear breakout from the previous range.
PayPal (PYPL) - Approaching Potential Reversal ZonePayPal has reached our anticipated zone for Wave (ii), respecting the $59 to $57 range. The price action suggests a possible bottom formation, making it a candidate for a potential entry point.
Key observations indicate that the support and reversal zone between $59 and $57 has held and build an EQL there, indicating a possible end to the correction phase. If the price revisits the Point of Control, it could offer another attractive entry point for long-term positions.
However, PayPal remains in a range, making the situation somewhat risky as it hasn't broken out decisively yet. There is a risk that the price could revisit the lower bound around $55.77. Falling below this level would invalidate our bullish outlook.
We are monitoring PayPal closely and will consider entering long positions if the current support holds and the price action confirms a reversal. The Point of Control remains a key level to watch for another potential entry.
$HUMA - New Swing Long Trade Opportunity?NASDAQ:HUMA
Hello everyone! I'm sharing both the weekly and daily charts with you. On the weekly chart (you can see below), the price tested the 100 EMA and rebounded. On the daily chart, after reaching the 30 RSI level, the price bounced back, stayed above the 100 EMA, and the UT Bot Indicator signalled a Buy. It appears the asset price has completed its correction.
I’m considering a swing-long trade with a Stop Loss set at $4.60. This could be a promising swing opportunity. A new higher high from this point indicates a potential return of nearly 90%, while reaching $8 would offer a return of about 50% profit. If the price hits my stop loss, it would result in a 13% loss. With risk-to-reward ratios of 7 and 4, this represents an excellent trading opportunity.
Additionally, the current market sentiment and volume trends support a bullish outlook. The asset has shown strong support at the 100 EMA, reinforcing the potential for upward movement. It's important to keep an eye on upcoming economic data releases and market events, as they could influence price action. This setup aligns well with my trading strategy, focusing on high-probability trades with favourable risk-to-reward ratios. Let's watch for a sustained breakout to maximize gains.
Weekly Chart: