Swingtrader
AUDCAD: Bearish Breakout & Bearish Continuation 🇦🇺🇨🇦
AUDCAD was forming a bearish accumulation pattern for two weeks.
Setting lower highs the price was respecting horizontal support.
This night is was finally broken.
Taking into consideration that the pair is trading in a bearish trend,
the market can go much lower.
Next support - 0.89
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ABBOTINDIA - HEAD AND SHOULDERS - FALL EXPECTED !!ABBOTINDIA and recently made a head and shoulder pattern and also broke its neckline.
Expected that, it will take a pullback towards its neckline and fall again .
Trade Details:
Trade Active : Once testing resistance at 17500-18000 level
Stop Loss: 19200-300
Target: 15400
Happy Trading :)
EURUSD: Time to Buy 🇪🇺🇺🇸
Hey traders,
I finally bought EURUSD.
The price reached a lower boundary of a demand zone that we spotted earlier
and there is also found a strong zone of confluence based on 618/786 retracements of the last impulses.
Growth is expected to 1.1385 / 1.143
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LTTS LONG BUY - IT BOOMING AGAIN !!The stock is at a good support level and also near the trendline support, following from July 2021.
As IT sector started booming again , as per my view, We may see this stock hit 6500 in near weeks.
IT sector view : looks bullish for next couple of weeks (Below in the Weekly chart of CNXIT)
The stock is a good pick for swing trade, has a good reward to risk ratio (~ 1.9)
Trade Details:
Entry: 5650 or below
Stop Loss : 5300
Target: 6300, 6500
Duration: 3-4 weeks
The stock has a earning release today, 17 Jan 2022 we may see a gap up in opening today.
Stay Safe, Happy Investing:)
LTI LONG BUY - IT boomingOut of the 10 stocks in NSE:CNXIT index , NSE:LTI has 5.94% weightage.
The stock is at a good support level and also in a trendline support, following from July 2021.
As IT sector started booming again , as per my view, We may see this stock hit 8000 in near weeks.
IT sector view : looks bullish for next couple of weeks
The trade seems in a good reward to risk ratio (~ 3.98)
Trade Details:
Entry: 7150 or below
Stop Loss : 6950
Target: 8000
Duration : 3-4 weeks
As this stock has a earning release today, we may see a gap up on today.
Stay Safe, Happy Investing:)
CADJPY: Bullish Triangle & Up-Move 🇨🇦🇯🇵
CADJPY is trading in a bullish trend.
For the last two weeks, the pair was accumulating.
The price formed an ascending triangle formation.
Its neckline breakout will most likely trigger a strong move-up.
Next goal 92.9
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CHFJPY: Overbought Market & Correctional Move 🇨🇭🇯🇵
What a sharp bullish rally on CHFJPY at the end of December.
The market was nicely growing within a rising channel.
The price managed to reach an important psychological level 127.0.
Then bears started to push and managed to break a support line of a channel.
It looks like the market is overbought and a pullback is coming.
Initial goal - 124.5
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USDCAD: Long-Term Swing Analysis 🇺🇸🇨🇦
Hey traders,
Since 2020 USDCAD was trading in a sharp bearish trend.
The pair lost more than 18% of its value reaching 1.2 structure low.
Then the market started to recover:
We saw a nice swing up reaching a key weekly resistance
and a consequent retracement with a lower high.
In December, the underlined blue structure was reached again.
It looks like the market is forming a bullish accumulation pattern around that area.
To catch the next swing up look for a bullish breakout of 1.295 - 1.305 supply zone.
In case of a weekly candle close above that a bullish continuation to 1.34 / 1.37 levels will be expected.
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USDCHF: Preparing For a Bearish Wave 🇺🇸🇨🇭
Hey traders,
USDCHF is trading in a global bearish trend.
The market is falling since 2016.
The price set a new low at the beginning of 2021.
Then a correctional movement started.
Since August the pair is trading within a horizontal trading range.
I believe that the next bearish rally will initiate after a bearish breakout of a range's support.
Next goals will be 0.894/0.88
Remember that the range can be broken to the upside as well.
In case of such a scenario, the market may retest 0.947 year's high.
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EURAUD: Very Bearish Outlook 🇪🇺🇦🇺
Hey traders,
EURAUD is trading in a long-term bearish trend.
The market start a correctional movement in November.
At the beginning of December, sellers started to push again.
The price broke and closed below a rising trend line on a daily time frame.
Now I will expect a further decline.
Goals:
1.547
1.538
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Trade divis lab only if it opens flat or gap down!Stock has moved consistently in a downward channel and it has started the upmove from swing low. Though stock is in down trend, the upmoves in this stock are always fast.
Expecting a target of 4782 tomorrow itself, which is the channel resistance.
Entry: strictly below 4575 (otherwise the RR is not favourable)
SL : below the broken trendline at 4380
Trail the SL if trendline is broken and hold positionally. Else book profits in intraday.
*educational purposes only*
EURUSD: Waiting For Breakout 🇪🇺🇺🇸
Hey traders,
What a bearish Friday on EURUSD.
It looks like bears are finally ready to push.
On focus is 1.112 - 1.119 structure support.
I am waiting for a breakout of that area to short the pair.
Taking into consideration that the market is trading in a strong bearish trend since summer,
the breakout may trigger a strong selloff.
Next support will be 1.063 - 1.073 cluster.
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