SWING TRADING: SHORT USDJPY. TARGET 126.800TRADE TYPE: INSTANT ENTRY SHORT
TRADE DIRECTION: SHORT
TIMEFRAME: DAILY
ENTRY PRICE: 134.750
STOP LOSS: 136.350
TAKE PROFIT: 126.800
RISK TO REWARD: 1:5
ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
Swingtrade
NTPC - Consolidation BreakoutNSE: NTPC is closing with a consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
CADJPY: Bullish Outlook Explained 🇨🇦🇯🇵
CADJPY broke and closed above a solid horizontal supply zone on a daily.
The broken structure turned into a demand zone.
Probabilities are high that a bullish wave will initiate from that.
Goal for buyers - 101.0
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US30 forming one of the most consistent patternsEIGHTCAP:US30
Of all the patterns I've traded, the trend line breakout, especially on the US30, has been very consistently profitable. When I see it being formed, my bias begins to shift in that direction.
The US30 is currently forming a flag, with indecision and growing tension being expressed from market participants. What I'll be looking for, as a follow-up to my previous US30 analysis, is a move down to test the previous swing low and to probe liquidity beyond that. Should this happen, it will be an aggressive move down there but also a sharp recoil back to close above the swing points low, which will form the SFP bar. This will also be just beyond the ATR, creating even more reaction in this zone, and also a 3rd push down, creating a descending wedge for even more bullish bias.
From there, I expect the trend line on the H4 to be completed and for the reversal to unfold. Target for this trade would be towards the top of the flag, at previous resistance just below the highest swing point.
Stop would be placed below the SFP bar.
Note: My long position E/S/TP are based on approximations of what would be close to ideal should this unfold as I anticipate.
FDC - Bullish Breakout with VolumesNSE: FDC is closing with a bullish breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Bearish Play on USDCHFEIGHTCAP:USDCHF
Last Friday's daily bar closed as a shooting star, indicated bearish sentiment. On top of that, it also finished as a SFP (Swing Failure Pattern) from a previous swing high, another bearish confluence.
I'm expecting a run down to the previous swing low which is where I'll be taking profit.
Entry is at an imbalance and stop is set above the most recent swing high.
SWING TRADING: LONG USDCAD. TARGET 1.42000TRADE TYPE: INSTANT ENTRY LONG
TRADE DIRECTION: LONG
TIMEFRAME: DAILY
ENTRY PRICE: 1.34500 TO 1.35000
STOP LOSS: 1.28600
TAKE PROFIT: 1.420000
RISK TO REWARD: 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low.
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
EURJPY: Breakout & Bullish Outlook Explained 🇪🇺🇯🇵
So, this week, EURJPY broke a key daily structure resistance and closed above that.
We saw a positive bullish reaction from that on Friday.
Probabilities will be high that the market will keep growing next week.
Goals: 145.0 / 146.37
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KSB - Bullish Breakout with VolumesNSE: KSB is closing with a bullish breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
GBP/USD grinds higher, but bears eye break of 1.20US producer prices, manufacturing and housing data in focus
No miracles will be expected for US housing data given the Fed’s hikes, but it will be interesting to see if the Philadelphia Fed Manufacturing Index contracts at a much faster pace, like the NY State Empire equivalent did yesterday. And with US retail sales hitting a near 2-year high and inflation hotter than expected, all evidence points towards a soft landing for the US and a case for more hikes. And that view could be bolstered if US producer prices come in hotter than expected today – and it could further support the US dollar on hawkish bets.
GBP/USD 1-hour chart:
Whilst GBP/USD has dragged itself from its post-CPI lows, key resistance looms and momentum could favour further downside. Yesterday’s soft-than-expected inflation report for the UK came as a welcomed surprise, which helped the pound quickly erase all of Tuesday’s hot employment gains. After briefly trading below 1.20, GBP/USD has produced a countertrend move in the form of a potential bear channel / flag. Given the relative hawkishness of the Fed and strong US data, my bias for GBP/USD to break below 1.20. So I’m now looking for evidence of a swing high around or below the weekly and daily pivot points (a break above which invalidates the bearish bias).
Note that the downside band of 1-day implied volatility is just beneath the daily and weekly S1 pivots, and the downside band for 1-week IV is just below 1.1800.
POONAWALLA - Bullish Breakout supported with VolumesNSE: POONAWALLA is closing with a bullish breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
TVSMOTOR - Bullish MomemtumNSE: TVSMOTOR is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
SWING TRADING: SELL LIMIT ORDER FOR USDJPY. TARGET 129.550TRADE TYPE: SELL LIMIT
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 131.660
STOP LOSS: 133.100
TAKE PROFIT: 129.550
RISK TO REWARD: 1:1
ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
KR SWING TRADE IDEAChart patterns are very subjective. I see this as a symmetrical triangle, meaning it could break in either direction. But if I adjust my trend line, I also see it as a rising wedge, which is a bearish chart pattern.
Either way, I will look for a break above 45 for calls with a target of 50.30, OR a break below with a target of 41. Either move will be an amazing swing!
NVDA SECOND LEG UP? | SWING TRADE IDEANASDAQ:NVDA
I like what I see when looking at the Daily. In just over a month, it has gone from 130 to 221; almost a $100 gain!
We see it formed a base, which we can now see was an accumulation at the demand zone, and broke above 1/9 around $153.
Met resistance around 194.50 where it previously resisted in 12/13 and completed a double top between 8/4 and 8/16. Broke this supply zone and pulled back to retest it, making a swing low and now holding this 194.50/195 level as a demand zone (confirmed because it never retested previous low around $188).
Continued the trend to the next supply zone around $211. This level was previous from January- April 2022, testing it 4 times before it began forming a base, that we eventually ended up being a distribution phase.
Broke this level and made a high at 219.50 and pulled back to retest this broken supply zone. Bounced neatly off this level today and crossed previous high, closing at 221.73.
Tomorrow, if there is a break above today's high, I will look to take a day trade towards the high of previous consolidation period in April, near 225.
If we are able to hold that, there is a gap that has not been filled to 230. A hold above this level I will look to hold this swing long term
AUBANK - Bullish Consolidation BreakoutNSE: AUBANK is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
AUD/NZD pulls back to key support zone for swing trade longWe’ve been waiting for AUD/NZD to retrace from its cycle high to reconsider longs, and it has now once again piqued our interest. Prices found support at the 200-day EMA yesterday, with the 38.2% Fibonacci retracement holding today’s low nearby.
Whilst RSI (2) is not quite overbought, it is not far from it which suggests we could be approaching a cycle low. It is also trading lower for a fourth consecutive day to also suggest mean reversion (higher) may not be too far away.
Should we see evidence of a swing low on the 1 or 4-hour chart, we’d be tempted to scale in to a long with a stop beneath either the bullish trendline or 50% retracement level.
We could then tighten our stop and add to the long position if the momentum begins to turn higher on the daily chart.
1.1000 is the initial target near last week’s high, with the potential for a move to 1.1045