Uptrend
Mexico gives a sign of lifeAfter staying over a month at the lowest levels of the year, almost 10% down for the year, but finally the market has been able to recover. But the fundamental data that has been pushing this move up is quite bizarre. Perhaps we are out of the water and I hope so as some other positions in Mexican stocks will be affected by the performance of this recovery. So far the recent move looks promising as it has clearly broken above the 25MA which will now serve as support as price attempts to climb into a higher deviation. Successfully breaking above the 200MA would place the index out of trouble for the coming time. Let's hope for the best and If the USA rides into euphoria, perhaps Mexico can ride along as well.
Additional to the analysis here, I give a great visual description of what my indicators tell me and how I read them. The same is true for the short term deviation, which helps me see the finer movements of price action.
USD_JPY SUPPORT CLUSTER|LONG|
✅USD_JPY made a massive
Move causing some
Serious pain on its way down but
This correction was a long
Anticipated one because the pair
Was overbought so after
The local "flash-crash" the
Pair hit a support cluster of
The horizontal and rising
Support lines around 157.445
And made a bullish rebound
So as we are still bullish biased
On the pair mid-term we will
Be expecting a further local
Move up from the rising support
Towards the target above around 159.500
LONG🚀
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AUD-CAD Will Keep Growing! Buy!
Hello,Traders!
AUD-CAD is trading in an
Uptrend and the pair is making
A local correction but we are
Bullish biased mid-term so
After the retest of the
Horizontal support of 0.9164
We will be expecting
A further move up
Buy!
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SWING IDEA - V GUARD INDUSTRIESThe technical analysis of V-Guard Industries suggests a compelling swing buying opportunity.
The reasons are listed below :
The stock has successfully breached a significant resistance zone at 270-280, showcasing potential for an upward trend continuation.
The presence of a robust bullish engulfing candle on the weekly timeframe, coupled with the stock finding support at the 50 EMA, enhances the bullish outlook.
Following a prolonged consolidation period exceeding six years, the stock is poised for a potential breakout, indicating the likelihood of substantial price movement.
The formation of higher highs further reinforces the bullish sentiment and suggests an established uptrend.
A notable increase in trading volumes during the breakout phase supports the authenticity of the upward movement.
Target - 360 // 424
Stoploss - weekly close below 282
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BTCUSDT | UP UP UP!Are we finally going up? It’s quite possible!
Market Context
Bitcoin is showing strong signs of a potential upward movement. Despite a poor weekly candle close, this might be a clever fakeout designed to shake out the shorts. Let’s dive in!
Bullish Signals
• Weekly Liquidity: There’s a ton of liquidity above $72K, and Bitcoin loves to chase liquidity.
• Bullish Divergence: On the daily chart, we see a bullish divergence forming. This is often a precursor to significant upward moves.
• Weekly Uptrend: We’re still trading within an uptrend on the weekly chart.
• Engulfing Candle: A huge bullish engulfing candle post-divergence indicates that the bulls are back in action.
Strategy
I’m betting on a substantial upward move for BTCUSDT. Targeting SWB:69K as TP1, and who knows? $100K could be on the horizon. It’s not just a dream—it’s a real possibility given the current setup.
Action Plan
Going long on BTCUSDT. Let’s ride this wave and aim high!
Good luck, everyone! 🚀🌕
USD_JPY RETEST OF SUPPORT|LONG|
✅USD_JPY is trading in an
Uptrend and the pair is now
Making a long-awaited bearish
Correction but we are bullish
Biased overall so after
The retest of the horizontal
Support level of 160.000
We will be expecting a
Further move up
LONG🚀
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Did you buy HFCL?As published in the previous post,
HFCL did retest and is now trading at 12% higher than reco.
A safe zone to buy was 113 - 114.
I personally bought at 110.
TARGETS?
If you are a short term trader, looking for quick profit, consider closing partial quantity at CMP and rest at 127.
If you think you can hold it and you are fine with your capital invested here, your target is 140, 160, 220.
I will be holding, will buy on dips if it comes.
Happy Trading:)
AMAZON Bullish Breakout! Buy!
Hello,Traders!
AMAZON is trading in an
Uptrend and the stock
Broke the key horizontal
Level of 190.00$ and the
Breakout is confirmed so
We are bullish biased
And we will be expecting
A bullish continuation
Buy!
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USD-JPY Strong Bullish Breakout! Buy!
Hello,Traders!
USD-JPY is trading in an
Uptrend and we are seeing
A strong bullish breakout
Of the key horizontal level
Of around 160.000
So we are bullish biased
And we will be expecting
A bullish continuation
Buy!
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XAU-USD
The chart for Silver/US Dollar (XAG/USD) on a daily timeframe shows a bullish "Double Bottom" pattern around the 28.60 USD level, indicating potential reversal of the recent downtrend. This pattern suggests strong support, as the price has bounced off this level twice. The current price is approximately 29.038 USD.
A significant resistance level is identified around 32.00 USD, where the price has previously faced selling pressure. If the price breaks above this resistance, it could signal further upward momentum. The chart projects an upward movement towards this resistance, represented by a yellow arrow, suggesting that the price might initially face resistance but is expected to rise.
Historical support around 26.00 USD is also highlighted, providing context for potential price movements. The yellow and red highlighted areas mark these critical support and resistance zones.
In summary, the chart indicates a bullish outlook for XAG/USD, supported by the double bottom pattern and strong support at 28.60 USD. The key resistance level to watch is 32.00 USD. Traders should monitor the support at 28.60 USD to confirm the double bottom pattern and potential upward trajectory.
EUR-JPY Local Bullish Bias! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair
Already made a bullish
Rebound from the horizontal
Support of 170.730 and as
We are bullish biased we
Will be expecting a further
Bullish continuation
Buy!
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$INJ setup for 50% gain on next days, 3D timeframeCRYPTOCAP:INJ setup for 50% gain on next days, 3D timeframe:
We are on 3D timeframe here. Blue arrows number '1' and '2', were bottom pivots on Hodlfire Indicator (copyrighted) right over the Exponential Moving Average 200 (3D 200EMA) line (green), and we just got a 3rd, right over the 200EMA again (the last blue panel under late price movements)
So, as we are pivotting the bottom here, we expect next target on the last reset of VWAP line (orange line) at 38.60 usd, bringing over 50%
There was a first and second confirmation of trend, (1.) the support on all-time-high of the last cicle (pink line) and (2.) break of diagonal blue trendline; if you want to wait for another confirmation, the 3rd, just wait suport over the black VWAP quarter line around 27.00 usd
AUD-NZD Will Keep Growing! Buy!
Hello,Traders!
AUD-NZD is trading in a
Local uptrend and the pair
Broke the key horizontal level
Of 1.0851 and the breakout is
Confirmed so we are locally
Bullish biased and we will
Be expecting a further move up
Buy!
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Jayant Agro - A Positional PickAbout the company -
The Company is mainly engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals.
The group is the leading player in India for the castor oil and castor-oil based derivative products. Group has over 5 decades of experience in castor industry.
Technical Parameters
1- the price gave a Breakout of Accumulation Range
2- intensity of volume is good at the time of breakout (suggests strength)
3- price looking to reach again at its all time high as monthly time frame suggests uptrend continuation
4- Price formed Flag N Pole chart pattern.
5- All the supporting indicators such as MACD, RSI, Bollinger Bands, are in good mood and suggestion longs.
Trade Plan
-- we can enter at Current Market Price and add when stock give some dip.
-- safe traders can wait for a dip of 5-10%
-- Stop loss is mentioned in chart as around 211
-- As there is a breakout of Flag N Pole Chart pattern, we can expect targets as the length of Pole which is around 550-570.
Disclaimer-
I am not SEBI registered. All the idea shared on this channel are for educational purpose. Consult your financial Advisor for any kind of investment.
Thank you
KARAN DINGRA