Swingtrading
MOTHERSON Swing Long SetupEnter only when 15minute candle closes above the Entry Zone Price - 190
Target with Risk to reward 1:2 is 206
Stoploss only when 1 day candle closes below the price - 182
Note: This is not any financial advice, this is for education purpose only.
AUDNZD: Strong Bullish Signal?! 🇦🇺🇳🇿
AUDNZD broke and closed above a resistance of a wide horizontal range on a daily.
With a high probability, the broken structure turns into support now.
The pair will most likely continue growing.
Next resistance - 1.097
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DYM Descending Broadening Wedge Breakout Confirmed!We've just seen a strong breakout of DYM from its descending broadening wedge structure. This is a key bullish reversal signal! 📈
The price action indicates momentum building up, with the next target zone being around $7-$8, representing the top of the broadening wedge structure.
🔸 Key Levels: As the price surges, we’re watching the $7-$8 range for potential resistance.
🔸 Support Re-test?: A possible re-test of the breakout level could present a strong entry point if the momentum holds.
🔸 Volume Confirmation: The breakout is supported by a surge in volume, reinforcing the potential for a strong move upward.
Keep an eye on the market dynamics, and remember to manage your risk, especially as we approach key resistance levels.
#DYM #Breakout #BroadeningWedge #SwingTrade #CryptoTrading #TechnicalAnalysis
🚨 Disclaimer: This is not financial advice. Always conduct your own analysis or consult with a professional.
EURJPY ANALYSISAfter seeing EURJPY close above 157.500 and breaking the 4hr area of structure, we could expect this pair to continue higher into 160.000 seeing that the momentum on the daily is bullish.
Bullish AU200: Key Fundamentals & Probability StrategyThe AU200 (ASX 200) index is showing bullish potential due to several key fundamentals. Australia's economy continues to demonstrate resilience, with a strong labor market and low unemployment rate of 3.6% supporting consumer spending. Additionally, the country's resource-rich economy benefits from robust global commodity prices, particularly in key exports like iron ore and coal. The Reserve Bank of Australia's supportive monetary policy, despite recent tightening to combat inflation, further underpins the positive outlook for the AU200.
I'm incorporating probability top-down analysis into my trading strategy for the AU200 to make more informed decisions and improve my chances of success. By using probability tools on my charts, I can assess the probability of price movements reaching specific levels, helping me identify high-probability trade setups.
Now let's get into the top-down process:
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What are your thoughts on the AU200? Share your ideas and insights below!
Why Now is the Time to Go Long on USDJPY: A Trader’s PerspectiveCurrent Fundamentals:
-Diverging monetary policies: The Federal Reserve maintains a hawkish stance, while the Bank of Japan continues its ultra-loose policy.
-Economic growth disparity: The US economy shows resilience, outpacing Japan's growth rate.
-Interest rate differentials: Higher US yields attract capital flows, strengthening the dollar against the yen.
I'm employing probability-based analysis to enter long positions in USD/JPY.
Let's discuss what's going on with USDJPY!
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#NMDC Beautiful Pattern | 20% Trade Potential#NMDC Beautiful Patter | 20% Trade Potential
Please look at the chart for entry details.
Upside potential of 20% to 35%
GODREJPROPHi guys,
In this chart i Found a Demand Zone in GODREJPROP 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
GBPUSD Week 38 Swing zonesLast 2 weeks have proven while its a good plan to keeps losses small and swing for big wins.
Sometimes you swing and miss, but thats ok.
Based on calculations SZ are set of W38, but price action determines trades
USZ: 299 - 330
LSZ: 901 - 850
GBPCAD: Important Breakout 🇬🇧🇨🇦
GPBCAD broke and closed above a key daily horizontal resistance.
The broken structure turned into support now.
The next resistances are 1.8 / 1.845
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Sell Setup Confirmation with 1:5 Risk-Reward Target1. The candle closes at the all-time high,
2. and the next candle breaks that high,
3. closing as the first red candle.
4. The second red candle also confirms that selling pressure is increasing.
5. The third candle’s high does not break the low of the first red candle.
6. Now our resistance is confirmed.
7. According to the trade setup, we will take a trade here.
8. We will book a 1:5 target
USOIL: Bullish Outlook with Probability-Based EntriesMy overall bias on USOIL remains bullish, supported by several key fundamentals:
1. OPEC+ production cuts continuing to tighten supply
2. Geopolitical tensions in the Middle East raising concerns about potential supply disruptions
3. Improving economic outlook in China, potentially boosting oil demand
4. Seasonal increase in oil consumption as we approach summer driving season
I'm utilizing probabilities to position myself into longs on USOIL.
By combining this probability-based method with my bullish bias, I aim to enter USOIL longs at optimal points with favorable risk-reward profiles.
Feel free to let me know if you need any further adjustments!
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Wishing you a great trading week!
COPPER READY FOR ALL TIME HIGH...MCX:COPPER1! trade at 812 level. Chart shows that its break a trendline on daily chart. So you can watch for an upside move...
ZINC READY FOR BREAKOUT...MCX:ZINC1! trade at 270 level. Chart shows that stock ready to give a breakout on its weekly time frame. You can watch for an upside movement...
GALAXY SURFACTANTS - 70% ROI Potential Stock Mid Term Idea A Fresh stage 2 Multiyear Flag breakout move.
Why I consider this attractive ?
1) The stock has broken out of a 3 year old consolidation zone - Flag Breakout. June 2021-Aug 2024
2) The stock as compressed for 2 months at the breakout level.
3) Overhead supply is very minimal.
4) Daily has broken out of the compression at Flag Breakout level, retested and given a good breakout again, indicating solid buyers strength.
Flag targets at about 5400.
MarketBreakdown | USDCAD EURNZD, GBPCAD, GBPCHF
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ USDCAD daily time frame 🇺🇸🇨🇦
The pair is currently consolidating within a horizontal range on a daily.
I am waiting for a breakout of a one of the boundaries of the range
to confirm the future direction of the market.
I think that the price may keep coiling before the FED rate decision on Wednesday.
2️⃣ EURNZD daily time frame 🇪🇺🇳🇿
Similarly to USDCAD, EURNZD is also in a deep consolidation.
The pair trades in sideways for many days, perfectly respecting the same
horizontal resistance and support.
Our trigger and the signal will be its breakout.
3️⃣ GBPCAD daily time frame 🇬🇧🇨🇦
We see a violation of a significant daily horizontal resistance and a formation of a new year's high.
It indicates a clear strength of the buyers and a highly probable further bullish continuation.
I will look for a retest of a broken structure to buy from there.
4️⃣ GBPCHF daily time frame 🇬🇧🇨🇭
I see a confirmed breakout of a resistance line of a falling parallel channel.
With a high probability, the price will go up after its retest.
Do you agree with my market breakdown?
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Exploring the Bullish Outlook for Litecoin (LTCUSD)Litecoin (LTC/USD) is showing a bullish trend, supported by several key fundamentals.
The cryptocurrency market is experiencing renewed interest, with Litecoin benefiting from its reputation as "digital silver" alongside Bitcoin's "digital gold" status.
Litecoin's upcoming halving event, expected in August 2023, is generating excitement as it typically leads to increased scarcity and potential price appreciation.
Additionally, Litecoin's growing adoption in real-world transactions and its recent integration into various payment platforms are contributing to its positive outlook. The overall crypto market sentiment is improving, with institutional investors showing increased interest in alternative cryptocurrencies like Litecoin.
I'm utilizing probabilities on my charts to get positioned into longs for Litecoin.
Now, let's take a closer look at my analysis.
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Feel free to share your thoughts and ideas in the comments below!
READY FOR BREAKOUT IN BANDHANBANK...NSE:BANDHANBNK trade at 206 level, Stock trade in a Triangle range since 5 Years, After breakout You can watch for a big upside movement.
