CRUDE OIL (WTI): Bullish Trend Continues 🛢️
Crude Oil set a new higher high higher close on a daily,
violating a key horizontal structure resistance.
It is a strong trend-following signal that indicates that growth will most likely continue.
Next goal - 82.4
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Swingtrader
Tata Investment for Swing/Positional Tata Investment Prediction for Swing/ Posional Trading
You can enter into trade above Entry 1 level (2740) daily close basis or after Entry 2 3015 . There is a resistance 2890-3015 level. May retest the 2598 level.
SLs- 2590,2450
Targets- 3015,3290,3350,3640,3800,4260,4700,5165,5621,6000,…
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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Happy trading.
About Tata Investment –
Tata Investment Corp. Ltd. is a non-banking financial company, which engages in the business of investment in companies including group companies. It also offers investing in long-term investments such as equity shares and equity-related securities. The company was founded on March 5, 1937 and is headquartered in Mumbai, India.
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A rapid BTC and SOL uptrend worries me for my behaviour.For me as a swing trader, it's the first time I am dealing with uncomfortable emotions while the uptrend is remarkable going on and on... My thoughts are dealing with a mix of unbelief and trust issues. For all those traders with similar awareness, I put a list together of psychologic behaviour I have to deal with right now (12th of March 2024). I have decided to wait for selling due to all these in the list below.
1. FOMO (Fear of Missing Out) : When prices are rising quickly, there's a tendency to fear missing out on potential profits, leading to impulsive buying decisions.
2. Overconfidence : Success in a rising market can lead to overconfidence, causing traders to take on excessive risk or neglect proper risk management strategies.
3. Herd Mentality : Traders may feel pressured to follow the crowd, leading to crowded trades and increased volatility.
4. Confirmation Bias : Traders might seek out information that confirms their bullish bias, ignoring or downplaying negative indicators or news.
5. Greedy Behavior : Greed can cloud judgment, causing traders to hold onto positions for too long, even when signs of a reversal or correction are present.
6. Panic Selling : Despite the overall uptrend, sudden dips or corrections can trigger panic selling among traders, exacerbating market volatility.
Being aware of these psychological tendencies can help you stay disciplined, adhere to your trading strategy, and avoid making emotionally driven decisions.
USDCAD: Local Bearish Reversal 🇺🇸🇨🇦
USDCAD is trading within a huge rising wedge pattern on a daily time frame.
After a test of an upper boundary of the wedge, the price formed a double top formation
and violated its neckline yesterday.
We may expect a bearish movement to the support of the wedge now.
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NZDCAD: Local Bearish Reversal?! 🇳🇿🇨🇦
I see a nice bearish reaction to a key daily horizontal resistance on NZDCAD.
After a test of the underlined blue area, the price started to consolidate and formed
a horizontal range on a 4H time frame.
Its support was violated and for us, it is an import sign of strength of the sellers.
We can expect a bearish continuation now at least to 0.83
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NZDCHF: Huge Demand Zone Ahead 🇳🇿🇨🇭
NZDCHF has recently broken and closed above a wide horizontal resistance area,
the broken structure turned into a demand zone.
The price is retesting that structure at the moment.
I think that a bullish wave my initiate from the underlined blue area.
Next resistance will be 0.547
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EURCAD: Waiting For Bullish Wave 🇪🇺🇨🇦
I spotted a confirmed bullish reversal on EURCAD.
The price formed an inverted head and shoulders pattern
and violated its neckline with a high momentum bullish candle this week.
The market became quite overbought and we see a correctional
movement at the moment.
The growth may resume after a retest of a broken neckline.
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Small trade opportunity in ALLSECSmall trade opportunity in ALLSEC. As the market is highly volatile. Make sure to have the correct stop loss as the trade might get reversed immediately.
Target 1: 950
Stoploss: 820
Happy Trading!
EURCAD: Confirmed Bullish Reversal
EURCAD formed a huge inverted h&s pattern on a daily time frame.
The market broke and closed above its neckline yesterday.
To me, it is a confirmed bullish reversal on the pair.
We can anticipate a bullish movement now.
Goal - 1.47
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CADJPY: Bullish Trend Continues 🇨🇦🇯🇵
CADJPY is trading in a long term bullish trend.
After an extended correction, the market resumed growth
and set a new higher high higher close on a daily, violating a key horizontal resistance.
We can expect a bullish trend continuation.
Next resistance - 112.5
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NZDJPY: Bullish Trend Will Continue 🇳🇿🇯🇵
NZDJPY is trading in a long-term bullish trend.
The price has recently set a new higher high higher close on a daily.
We see a correctional movement at the moment.
I believe the growth will resume soon.
Next resistance - 92.0
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Down to 2 positionI have started this week with a pair hitting my Trailing Stop Loss. It ended up with 312 pips gain.
What a wonderful journey.
And now I am down to 2 open swing positions and still yet to find out when will they finally hit the set Trailing Stop Loss.
In the next coming weeks, I will also start testing a new improved Swing Trading Strategy and I am so excited about it.
Stay tuned everyone!
Yemi_Fx1 | Bearish Setup on NZDUSD Hello folks,
OANDA:NZDUSD is one of the pair I have on watchlist this week.
NZDUSD has been trading within an ascending channel since .
Price recently tested the 1HTF supply zone at 0.61584, a potential resistance zone.
From Daily Timeframe:
The pair is currently in a consolidation phase following a downtrend. We're expecting a continuation of trend on this time frame.
However, on 1HTF we may experience a pause in price to provide a continuation pattern giving us an opportunity to join the train or we just wait for the complete break and retest of the structure to then go Short on it.
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GBPNZD: Preparing For a Bearish Wave 🇬🇧🇳🇿
Have a look at that bearish imbalance that was formed on GBPNZD
on a daily time frame on Friday.
With one single bearish candle, the price violated a neckline of a
descending triangle formation and a key horizontal support.
The market is retesting the broken structures at the moment.
I believe that a fall will initiate soon.
Next support - 2.0372
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