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BANK OF NOVA SCOTIA/THEBANK OF NOVA SCOTIA/THEBANK OF NOVA SCOTIA/THE

BANK OF NOVA SCOTIA/THE

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BNS trade ideas

BNS (Bank of Nova Scotia) – 30-Min Short Trade Setup!📉 🚀 🔹 Asset: Bank of Nova Scotia (BNS) 🔹 Timeframe: 30-Min Chart 🔹 Setup Type: Bearish Breakdown Trade 📌 Trade Plan (Short Position) ✅ Entry Zone: Below $68.92 (Breakdown Confirmation) ✅ Stop-Loss (SL): Above $70.82 (Invalidation Level) 🎯 Take Profit Targets: 📌 TP1: $66.37 (First Support Level) 📌 TP2: $64.21 (Extended Bearish Move) 📊 Risk-Reward Ratio Calculation 📉 Risk (SL Distance): $70.82 - $68.92 = $1.90 risk per unit 📈 Reward to TP1: $68.92 - $66.37 = $2.55 (1:1.34 R/R) 📈 Reward to TP2: $68.92 - $64.21 = $4.71 (1:2.48 R/R) 💡 Favorable Risk-Reward Ratio – Aiming for a 1:2.48 R/R at TP2. 🔍 Technical Analysis & Strategy 📌 Bearish Descending Triangle Breakdown – Price has been forming lower highs, indicating weakness. 📌 Weak Buying Pressure – The price is failing to break out and is consolidating near the $68.92 support level. 📌 Volume Confirmation Needed – A strong increase in selling volume below $68.92 will confirm bearish momentum. 📌 Momentum Shift Expected – If the price remains below $68.92, further downside toward $66.37, then $64.21 is expected. 📊 Key Resistance & Support Levels 🔴 $70.82 – Stop-Loss / Resistance Level 🟡 $68.92 – Breakdown Level / Short Entry ⚪ $66.37 – First Target / TP1 🟢 $64.21 – Final Target / TP2 📉 Trade Execution & Risk Management 📊 Volume Confirmation – Ensure strong selling pressure below $68.92 before entering. 📉 Trailing Stop Strategy – Move SL to breakeven ($68.92) after hitting TP1 ($66.37). 💰 Partial Profit Booking Strategy: ✔ Take 50% profits at $66.37, let the rest run to $64.21. ✔ Adjust SL to breakeven ($68.92) after TP1 is hit. ⚠️ Fake Breakdown Risk: ❌ If price moves back above $68.92, exit early to limit losses. ❌ Wait for a strong bearish candle close before entering aggressively. 🚀 Final Thoughts ✔ Bearish Setup – Breakdown signals downside potential. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:2.48 R/R to TP2. 💡 Stick to the plan, manage risk, and trade smart! 📉🔥 🔗 Hashtags for Engagement: #BNS 📉 #StockTrading 📊 #TradingNews 📉 #MarketUpdate 🔥 #Investing 💰 #ShortTrade 📉 #Stocks 📈 #ProfittoPath 🏆 #SwingTrading 🔄 #DayTrading ⚡ #TechnicalAnalysis 📉 #StockSignals 📊 #FinancialFreedom 💡 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bearish 📉 #RiskManagement ⚠️ #TradingCommunity 🤝 #SmartTrading 💰 #MarketAnalysis 📊 #TrendBreakdown 🚀
TSX:BNSShort
by ProfittoPath
Bank Of Nova Scotia Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Bank Of Nova Scotia Stock Quote - Double Formation * 1st Trendline | Configuration Feature * 2nd Trendline | Entry Bias On Hold | Subdivision 1 - Triple Formation * (Uptrend Argument)) | Completed Survey | Subdivision 2 * ABC Flat Feature | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
TSX:BNSLong
by TradePolitics
BNS from $54.83 to $48MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price at top of all channels Stochastic Momentum Index (SMI) at overbought level TTM Squeeze is off TTM Squeeze momentum is high VBSM is spiked positive Impulse MACD has spiked to the upside Price at near 2.618 Fibonacci level In at $54.81 Target is $4 8or channel bottom
NYSE:BNSShort
by chancethepug
$BNS Stock Up 1.72% in Pre-Market Trading on Q2 Estimates Beats The Bank of Nova Scotia ( TSX:BNS ) reported second-quarter earnings that narrowly beat analyst estimates, but profits fell year-over-year due to uncertainty around interest rate cuts and inflation in the U.S. and abroad. Total revenue increased year-over-year to 8.35 billion Canadian dollars ($6.13 billion), up from last year's mark of C$7.91 billion and narrowly above analysts' expectations. However, profit fell to C$2.09 billion, or C$1.57 per share, from the C$2.15 billion and C$1.68 per share Scotiabank reported last year. Analysts expected net income of C$2.05 billion, or C$1.55 per share. Scotiabank saw net income increase in its wealth management division and international operations, while profit dropped about 4% year-over-year in the bank's Canadian operations due to higher provision for credit losses (PCL) and expenses. The bank also declared a quarterly dividend of C$1.06 per share, set to be paid out July 29 to shareholders of record on July 3. This will be the fourth consecutive quarter in which Scotiabank pays out a C$1.06-per-share dividend. Scotiabank and other Canadian banks report earnings to close out the month, with Toronto-Dominion Bank reporting earnings that also beat estimates last week. Scotiabank shares on the New York Stock Exchange (NYSE) were up 0.9% to $48.23 about 90 minutes before the opening bell but are down slightly since the start of 2024. Technical Outlook TSX:BNS stock is up 1.72% in Tuesday's Pre-market trading. Despite profit drop of 4% YOY, the stock managed to capitalized its profit as the ticker is performing well today.
NYSE:BNSLong
by DEXWireNews
BNS is a Buy according to AI modelsCurrent Market Situation (3/10) BNS is clearly in a large downtrend, so opening a large position is only possible in the short term. That’s why we should also take into consideration the possibility of breaking downward and joining the crash. Anyway, as we will see later, the fundamentals to try the long position are good. Patterns found by AI (8/10) After multiple bottoms in the 45-47$ area, two lovely patterns have arisen according to AI historical models. 1. A continuation triangle that could move the price at least to 53$. We have recently seen the price break the trendline, so an upward movement is likely. 2. A double bottom that would be valid if the price breaks 50.9$. If that happens, we have a very high probability of seeing the expected 53$. Losing 47.9$ is a signal that the patterns have failed and the downtrend is returning faster than expected. AI predictive model confirmation (6/10) When we run the AI models, we see that historically this kind of market movement is not very bullish; it’s more common to see some downside before we see bigger prices. So take care with pullbacks and be ready to use your tight stop loss. There is no strong historical evidence for rallies in this kind of pattern. Risk Reward (7/10) The Risk reward is quite good as we can earn 3 times the risk. Furthermore, if the price breaks the double bottom upwards, the probabilities of reaching our 7% target of benefits increase a lot. Conclusion (6/10) This is a good trade, but there are multiple issues that need to be addressed. The trade is against the long-term trend and AI models are predicting lateral movements. On the bright side, we have clear patterns, a good chance to arrive at the target price of 53$, and also a tight stop loss that helps us to handle a good risk/reward ratio. Furthermore, if the price breaks down, we can do a counter-trade to profit from the crash.
NYSE:BNSLong
by TopChartPatterns
💾 Bank Of Nova Scotia Bearish | Cryptocurrency Can Save You!I like this bank, I personally use it and they have been around for more than 100 years I think... I can see now why they are panicking but should they be worrying after being around for so long? The market moves in cycles... After a crash down comes a wave up. Anyway, the main support for the Bank Of Nova Scotia (BNS) is the Fib. retracement level at 64.95. Closing below it will lead to a major drop leading to 56.78 as the next support. This can go on and on until the bigger cycle unravels completely. Many banks will die forever but many will survive, adapt and change, adopt some form of Cryptocurrency technology and continue playing this game. The ones that will survive will be the ones that are willing to change and adapt to the current times. The ones that will die will be the ones that refuse to accept reality. Life is always changing. Everything is always changing. Imagine how everything looked like just 50 years ago... Imagine 80 years ago. If the companies of the past did not adopt the technology, all technologies, these are gone. The companies that bought computers, the Internet, setup a website and email, are the ones that went to the top. Just as you needed floppy disks and an Internet connection through a land line to stay on top... In the present day, 21st century my friends, you need to accept Cryptocurrency to stay on top. Namaste.
TSX:BNSShort
by MasterAnanda
3
BNS Momentum Trade " After Earnings"TSX:BNS After we are clear of earnings, I'll be looking for the price to pull back to the Nov 28 resistance of 71.50 near the 50 SMA and 50 EMA (old resistance becoming new support). If we can get confirmation with a reversal pattern double/ triple bottom or inverted Head and Shoulder, I'll be looking to enter with Real Life Tradings momo indicator. Stop loss will be placed just below the reversal pattern and the target will be at 100 WMA near $79.00. I have a few concerns with hitting our target: 1) We might have the 200 SMA as resistance. 2) If The 50 WMA backs up the current resistance at 74.30. If we are able to break through both resistances this could be a good 2.5r - 3 r trade. If we fall through the 71.50 level, I'll be looking for a similar setup at the 69.00 and 65.00 areas. Remember to always manage your risk when trading and have a stop loss. Happy trading!
TSX:BNSLong
by DustinL89
Watching BNS for buy confirmationWatching BNS for buy confirmation Waiting is the hardest part. You need patience for most of the best trades. I've been watching this setup for the Bank of Nova Scotia as solid technical elements are lining up. 1D Heiken ashi chart reversal in play ● Doji formed at the bottom of the last downswing ● Positive momentum of both RSI and MACD indicators ● Strong bounce off 200 EMA(Black) and 0.618 Golden ratio Fibonacci level (Dashed yellow) But, i'm waiting for confirmation to open a large swing trade ● Waiting for the 20 EMA (Green) to turn postitive
TSX:BNSLong
by HolleyIG
1
BNS breaking out of a cup and handle!* Great earnings * Strong up trend * High 3-month relative strength of 3.06 in the Financial sector * Breaking out of a cup and handle pattern with 24.59% higher volume of the 15 day average * Base of the cup is ~21 week with the handle lasting about 4 weeks * Also created a double bottom during the base Trade Idea: * Given the setup, now would be a great time to enter as the price is still very close to the broken resistance. * If you're looking for a slightly better entry, you can look for buying opportunities between the $66.50 and $67.25 area. Caution: * A daily close below $66.48 would negate the idea.
NYSE:BNSLong
by HaseebKhan_90
4