Session bias is bearish but previous daily candle closed bullishPrevious daily candle closed bullish so the two 4hr candles on my session was just a pullback before the daily candle flips bullish. Having two bearish 4hr candle in your session doesn't mean sells when the previous daily closed bullish.
NOTE: If sells happens that move may only be short term.
Tecnicalanalysis
#TATAPOWER: Falling Wedge Formation with Possible Breakout TATAPOWER, a stock that has been forming a falling wedge pattern with potential breakout and reversal levels.
As you can see from the chart, #TATAPOWER has been forming a falling wedge pattern, with the price oscillating between two downward sloping trendlines. This can be a bullish signal, as the stock is trading in a contracting range and may be preparing for a breakout to the upside.
A breakout could occur if the stock closes above the 210 level, which would indicate a potential reversal in the short-term downtrend. It's important to keep in mind that a breakout is not guaranteed, but it's worth keeping #TATAPOWER on your watchlist to see how the stock performs in the coming days.
In terms of support levels, there are two key levels to watch: 188 and 177. If the stock breaks below these levels, it may indicate a continuation of the downtrend and could lead to further downside.
However, if the stock does break out above 210 and shows a strong close above 208, it may be a good opportunity to buy the stock. There are potential targets for the stock at 233, 250, and 270+.
In summary, #TATAPOWER has been forming a falling wedge pattern with potential breakout and reversal levels. It's important to monitor the stock closely and wait for a strong close above 208 before considering a buy.
SILVER Set To Fall! SELL!
My dear followers ,
This is my opinion on the SILVER next move:
The asset is approaching an important pivot point 25.611
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 24.757
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
AUD/CHF My Opinion! SELL!
My dear followers ,
This is my opinion on the AUD/CHF next move:
The market is trading on 0.60207 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Target - 0.59808
My Stop Loss - 0.60421
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
NAS100 What Next? SELL!
My dear subscribers ,
NAS100 looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 13216.50
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 13080.61
Recommended Stop Loss - 13294.97
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EUR/GBP Expected Growth! BUY!
My dear followers ,
My technical analysis for EUR/GBP is below:
The price is coiling around a solid key level - 0.86825
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Target - 0.87225
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
$NU - Uptrend Commencing+14.73% MoM at the moment of editing. But more important than this percentual gain is what this candle represents.
This market had been ranging between the $3.5 & $5.5 thresholds for the past 12 months after a brutal sell off.
This month, after a shy breakout above the 10 EMA (M), this market is trading close to $6, with that proud green candle breaking above the above mentioned resistance threshold, making new high highs and announcing what could be the start of an uptrend.
Noteworthy is the fact that we are barely in the equator or the month, the time frame used for this analysis ... It goes without saying that we need a closed candle in order to draw firmer conclusions.
No less important, despite the curiosity triggered by this breakout, a careful examination of this market tells us that it has heavy overhead supply and also that the upcoming logical target (zone where the odds of the bears stepping in this market increase),entails that a bullish swing trade would have a poor risk to reward ratio ... if of course we place our stop loss in a logical place as well (below the $5.50 threshold - as previous resistance and new support, always with sufficient buffer).
Having this said, now comes the moment when I alert you for the complexity of the world and the financial markets. No Nobel prize, prime trader, financial institution or whatsoever, knows what's going to happen tomorrow. This is a game of probabilities and risk management. If your trade has 60% odds of succeeding (which are actually very good odds), it still means that you ought to expect 4 losses out of every 10 trades in the long run. 4 out of 10 are still pretty significant numbers. Can you really afford to place a bulky share of your capital at this risk? You need to stay alive to allow the good side of the odds to help you out here. So manage risk at all costs and make it your priority.
Cheers,
Tenacious Tribe - Backtested Trading Strategies & Studies
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USOIL Trading Opportunity! SELL!
My dear friends ,
I analysed this chart on USOIL, and concluded the following:
The price is coiling around a solid key level -73.08
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 69.29
My Stop Loss - 75.13
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EUR/CAD Technical Analysis! BUY!
My dear friends ,
Please, find my technical outlook for EUR/CAD below:
The market is trading on 1.47094 pivot level.
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Target - 1.48507
Recommended Stop Loss - 1.46300
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
US100 Massive Long! BUY!
My dear subscribers ,
US100 looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 13222.9
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 13400.3
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EUR/JPY Sellers In Panic! BUY!
My dear followers ,
This is my opinion on the EUR/JPY next move:
The instrument tests an important psychological level 148.957
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Target - 150.702
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
NATGAS The Target Is UP! BUY!
My dear subscribers ,
This is my opinion on the NATGAS next move:
The asset is approaching an important pivot point 2.162
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2.268
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EUR/GBP Will Explode! BUY!
My dear subscribers ,
This is my opinion on the EUR/GBP next move:
The instrument tests an important psychological level 0.87227
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Target - 0.87708
My Stop Loss -0.86953
About Used Indicators:f
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
SPY A Fall Expected! SELL!
My dear subscribers ,
My technical analysis for SPY is below:
The instrument tests an important psychological level 412.61
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 402.17
Recommended Stop Loss - 418.47
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBP/AUD Set To Grow! BUY!
My dear friends ,
GBPAUD looks like it will make a good move, and here are the details:
The price is coiling around a solid key level - 1.86921
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Target - 1.88508
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
USD/JPY Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the USD/JPY next move:
The price is coiling around a solid key level - 134.822
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 133.509
Safe Stop Loss - 135.547
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK