Why EURUSD is Plummeting and How You Can Take Advantage of ItI am adopting a bearish bias on EUR/USD and will leverage probabilities derived from statistical and historical data to position myself for short trades.
By analyzing past market trends and current economic indicators, I aim to make informed decisions that enhance my trading success.
Key Fundamentals Supporting a Bearish Outlook:
- Interest Rate Differentials: The U.S. Federal Reserve is likely to maintain higher interest rates, which strengthens the USD against the EUR, especially as the European Central Bank (ECB) may consider rate cuts in response to economic challenges.
- Economic Performance: Recent economic data indicates that the Eurozone is facing significant headwinds, with disappointing growth figures that negatively impact market sentiment.
- Market Sentiment: Current market sentiment leans bearish towards the euro, with many traders already positioned short. This collective positioning could lead to further downward pressure on the EUR/USD pair.
These elements provide a solid foundation for my bearish outlook, making it an opportune moment to enter short positions.
1W:
HOURLY ENTRY:
If you require additional clarification, or wish to share your thoughts, don’t hesitate to drop a comment below!
Swingtrading
Bullish Outlook on XRPUSDKey Reasons for a Bullish Bias:
1. Positive Market Sentiment: XRP has recently broken through an important resistance level, which shows that traders are feeling optimistic about its future.
2. Bullish Technical Patterns: An inverted Head and Shoulders pattern has formed, suggesting that XRP might be ready for a price increase.
3. Improving Regulations: Recent developments in cryptocurrency regulations are becoming more favorable, which could attract more institutional investors to XRP.
I plan to use probabilities based on historical data and the X1X2 methodology to enter long positions in XRP. Here’s why:
- Learning from the Past: By looking at past price movements and historical data of XRP, I can spot biases that might help predict future behavior.
- X1X2 Methodology: This method helps me identify key price levels to enter and exit trades, making my strategy more focused.
- Smart Risk Management: By using probabilities, I can set stop-loss orders at strategic points, reducing my risk and making more informed decisions.
In summary, with a positive market outlook and a solid trading strategy based on historical data and mathematical rules, I’m confident in taking long positions in XRPUSD.
Traders, if you found this idea helpful or have your own thoughts on it, please share in the comments. I’d love to hear from you!
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CHAINLINK SWING TRADINGSwing trading
BINANCE:LINKUSDT
Seeing that the structure has been respected, I decide to open a position now. These are my arguments:
Bullish arugments:
Monthly PCL being disrespected
Weekly PCL being disrespected
Daily swing low being disrespected
4H swing low being disrespected
So far I see no bearish arguments.
Trade management:
SL at $9.94 which that would indicate strong rejection and would power a search for liquidity at the lower end of the range. However, there does not seem to be so much weakness to look for a lower low than the September low.
TP, partials could be obtained. A partial TP would be on liquidity on the buy side at $13.90 and let profits run to ITH with SL on BE once the 1TP profit is taken.
SMSPHARMAHi guys,
In this chart i Found a Demand Zone in SMSPHARMA CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
SWING IDEA - XCHANGINGNSE:XCHANGING has been rallying since the last few months. Currently it is at a S/R zone of 128. We have to wait a couple of weeks to see if this will turn out to be a Support Zone or a Resistance zone.
If it turns out to be a good Support Zone, we also have a MACD crossover incoming and once the crossover completes, it can rally up the stock at least till its Swing High Levels.
Another point to note is while the Lower Low Pattern on Price Action and Higher High Pattern started forming in the April of last year, this is only the next MACD crossover we are going to see after that.
SWING IDEA - BCLINDNSE:BCLIND is currently at a good demand zone. The stock is about to close a gap which was created last March. Some good volume and market conditions and it should be able to close the gap by this week or next week.
It can start pumping up more and reach its Swing High levels once the Gap has been successfully closed. Company also has a strong 1Y Beta of 1.85.
MACD line and signal has a very good split which indicates strong Bullish momentum.
If market conditions are good in the coming days, this trade should not have any issues completing sooner.
SWING IDEA - CAPRI GLOBAL CAPITALCapri Global Capital , a prominent non-banking financial company (NBFC), is showing technical indicators that suggest a promising swing trading opportunity.
Reasons are listed below :
200 Zone is a Strong Support Zone : The 200 level has been established as a strong support zone, providing a solid base for potential upward movement.
Bullish Engulfing on Daily Timeframe : The formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and suggests potential for further upward movement.
Support at 50 EMA : The stock is finding support at the 50-day exponential moving average (EMA), reinforcing the bullish sentiment and providing a strong support level.
0.618 Fibonacci Support : The stock is finding support at the 0.618 Fibonacci retracement level, a key area where prices often bounce back, indicating potential for an upward move.
Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Target - 250 // 290
Stoploss - weekly close below 197
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - EQUITAS SMALL FINANCE BANKEquitas Small Finance Bank , a leading small finance bank in India, is showing promising signs for a potential swing trade.
Reasons are listed below :
75 Zone as a Strong Support Zone : The 75 level has proven to be a solid support zone, providing a strong foundation for a potential upward move.
Bullish Hammer on Weekly Timeframe : The formation of a bullish hammer on the weekly chart, which also engulfed the previous week's candle, indicates strong buying pressure and a potential reversal from the support level.
0.5 Fibonacci Support : The stock is currently resting at the 0.5 Fibonacci retracement level, a key area where buyers often step in to push the price higher.
Gradual Uptick in Volumes : An increasing volume trend suggests growing investor interest, further supporting the potential for a bullish move.
Target - 95 // 105 // 115
Stoploss - weekly close below 72
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING TUTORIAL - RALLISIn this tutorial, we analyzes the reversal of NSE:RALLIS 's 50% decline, identifying key technical indicators that signaled a buying opportunity. We'll explore how to recognize bullish momentum and optimal entry points using chart analysis.
NSE:RALLIS reached its all-time high at 362 before experiencing a significant downturn. However, the stock began forming support levels near 200 in June 2022 and retested this level again in May 2023.
Key Observations:
1. Support Levels: The stock consistently found support at ₹200, indicating a potential reversal.
2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure.
3. MACD Crossover: The successful crossover in June 2023 confirmed the bullish trend, creating an entry opportunity.
Trading Strategy and Results:
Based on this analysis, our entry point was established at the MACD crossover. The stock subsequently rose to its swing high levels, yielding approximately 85% returns in just 57 weeks.
Note: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing support levels, MACD movements, and consolidation patterns, traders can pinpoint potential entry points.
Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
Swing Trading vs. Day Trading in Forex: Which Style Suits You?So, you’ve got a burning desire to trade forex and take over the world—or at least the markets—but there’s one major question still nagging you: How to get there? If you choose to do it with forex trading you’ve got two main ways — swing trading and day trading. Let’s break down what these two mean and which one is right for you. Spoiler alert: neither option involves overnight millionaire status, so let’s keep it real.
Swing Trading: The Art of Patience (But Not Too Much)
Swing trading — you’re not glued to your computer but you’re still in the game. Swing traders look to capture “swings” in the market. These are short- to medium-term price moves that typically last a few days to a few weeks. You’re riding the wave 🏄♂️ but getting off before it crashes on the shore. 🌴
➕ Pros of Swing Trading:
Less screen time : You don’t need to babysit your trades 24/7. Set it, slap a stop loss and chill.
Fewer trades, more quality : You’re focusing on larger, more meaningful moves, meaning fewer opportunities for revenge trading or panic closing.
Flexibility : You can have a life outside of trading. (Pro tip: Don’t quit that job yet!)
Catch bigger price moves : Swing traders benefit from multi-day to multi-week trends, potentially leading to larger gains (or losses, if you’re not careful).
➖ Cons of Swing Trading:
Overnight risk : The market doesn’t sleep, and neither do geopolitical events. Price gaps overnight can wreck your carefully laid plans.
Patience required : If you’re someone who wants immediate action, waiting a few days for your trade to play out might feel like watching paint dry.
FOMO : The market might move without you while you’re waiting for the “perfect” setup. Swing traders often miss smaller, quick gains.
Day Trading: The All-In, High-Adrenaline Life
Day trading — you’re jet skiing with a huge wave behind your back. And there’s a hurricane. It’s on fire. Well, not quite but kind of. You’re in and out of trades within minutes or hours, locking in gains (or losses) multiple times a day. It’s fast, furious, and not for the faint of heart.
➕ Pros of Day Trading:
No overnight risk : You close all your positions by the end of the day, so nothing can blindside you while you sleep.
Action-packed : If you love adrenaline, this is your jam. Every day offers multiple opportunities thanks to so many events happening.
Tighter risk control : You’re constantly monitoring the markets, which means you can (most likely) react quickly to minimize losses.
Quick profits (potentially) : You’re aiming for small, consistent wins. Compound them enough, and you could see some real returns.
➖ Cons of Day Trading:
It’s stressful : Constant focus is draining. If you’re not sharp, it’s easy to make emotionally driven mistakes.
More trades, more fees : Commissions and spreads can eat into your profits since you’re making multiple trades per day.
Time-consuming : You’re glued to your screen for hours. Day traders don’t have the luxury of doing much else while waiting for trades to play out.
Learning curve : It’s a steeper climb to become consistently profitable. Day trading requires mastering short-term price movements, and the odds are stacked against newbies.
❔ Which One Is for You?
So, which trading style matches your life and personality? Let’s break it down:
If you’ve got a day job or prefer some balance in your life, swing trading is your best bet. You can scan the charts in the evening, set your orders, and go about your business while Mr. Market does its thing.
If you thrive in fast-paced environments and can dedicate full days to trading, then day trading could be your playground. But be warned: it’s not just about speed; it’s about being sharp, disciplined, and, well, not losing your focus after a bad day.
If patience is your virtue , swing trading will test it, but the reward is potentially big, long-term moves with less stress.
If you live for the rush , day trading might feed your need for action, but be prepared for the pressure cooker environment and razor-thin margins.
Final Verdict
There’s no one-size-fits-all in forex trading. The key is to match the trading style to your personality, goals, and lifestyle. Are you cool with being patient and letting trades develop, or do you want to be locking in profits on the daily? Whatever you choose, stick to your plan, manage your risk, and remember: the market doesn’t care about your feelings—only your strategy.
If you’ve already tried one style and it didn’t work, don’t sweat it—there’s always another way to play the game. Share your experiences in the comments, and let’s keep the conversation going.
EURAUD: Bearish Outlook Explained 🇪🇺 🇦🇺
EURAUD broke and closed below a support line of a
horizontal range on a daily.
The broken structure turned into a resistance now.
The violation opens a potential for a bearish continuation.
Next supports: 1.611 / 1.605
❤️Please, support my work with like, thank you!❤️
ICICI Lombard - Swing Long Setup with Key LevelsThis chart shows a potential long trade setup on ICICI Lombard, highlighting a possible rebound from recent lows. Here's my trade plan:
Entry Zone: Waiting for a 15-minute candle to break above 2096.50 . The high of that 15-minute candle will be my entry point.
Stop Loss: If any 1day candle closes below 2050.50 , I'll exit the trade.
Target: 2188.50
This setup offers a good risk-reward ratio. If we see a strong breakout above the entry zone with decent volume, the price could move towards the target of 2188.50. However, if the stop loss level is breached on a 1day close, I’ll exit the position to protect capital.
Note: This is not any financial advice and for education purpose only.
WTI crude hints at cheeky bounce to $72WTI has fallen over 11% in seven days, and the loss of momentum around $70 could appeal to bullish swing traders. We're not looking for anything heroic here given the mixed signals on futures positioning, but it might be able to deliver a cheeky bounce higher over the near term.
MS.
SWING IDEA - FIVE STAR BUSINESS FINANCE LTDFive Star Business Finance, a leading NBFC (Non-Banking Financial Company) providing small business loans, is showing promising technical indicators for a potential swing trade.
Reasons are listed below :
750-780 Levels Tested Multiple Times : The 750-780 levels have been significant resistance zones. The price is again attempting to break through these levels, indicating strong bullish momentum.
Bullish Marubozu on Daily Timeframe : The recent formation of a bullish marubozu candle on the daily chart indicates strong buying pressure and suggests potential for further upward movement.
Bullish Engulfing Candle on Weekly Timeframe : The weekly chart shows a bullish engulfing candle, which engulfs the previous week's candle, signaling a strong shift towards bullish sentiment.
0.5 Fibonacci Support : The stock is finding support at the 0.5 Fibonacci retracement level, suggesting a strong base for a potential upward move.
Breaking 6-Month Consolidation Zone : Five Star Business Finance is breaking out of a consolidation phase that lasted for 6 months, indicating the potential for a new bullish trend.
Trading Above 50 and 200 EMA on Daily Timeframe : The stock is trading above both the 50-day and 200-day exponential moving averages, indicating a strong uptrend and providing robust support levels.
Consistent Higher Highs : The stock has been consistently making higher highs, reflecting ongoing bullish sentiment and a sustained uptrend.
Target - 875 // 950
Stoploss - weekly close below 685
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - SHREE RENUKA SUGARRenuka Sugars , a leading sugar manufacturer in India with a strong presence in ethanol production, is showing a promising swing trade setup.
Reasons are listed below :
53 Zone Breakout : The 53 zone, a previously strong resistance, has been breached, indicating potential upward momentum.
Bullish Marubozu Candle on Daily Timeframe : A bullish marubozu candle has formed, reflecting strong buying pressure.
Crossing 52-Week High : The stock is crossing its 52-week high, signaling strength and potential continuation of the uptrend.
Volume Spike : A noticeable increase in volumes suggests strong market participation, further supporting the breakout.
Target - 65 // 75
Stoploss - daily close below 45
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights