USDJPY - LongScenario 1
Price may touch down at resistance at 109.30. Price could then bounce back off this previous resistance level and then continue bullish momentum. This would trigger a long trade.
Scenario 2
Price may reach the support of the trend line (108.90) and reject off the 61.8 fib level in which we would then go long (providing good technical confluence of indicators too --> increase probability)
Let's see what happens!
Technicalindicators
NZD/CAD Trade idea NZD/CAD has seen a major move to the downside to our weekly zone due to the weakness in the NZD and the significant strength in the CAD, what we will be waiting for now is an impulse move back to our lower timeframe area of support which now will be resistance to catch another move back to our weekly zone.
AUDNZD > Easy Trend Continuation Setup Might Come Soon!!Thank you for taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you.
Follow up on #AUDNZD
Hello friends.
This market provided an impulse to the upside and broke major resistance as you see on the chart which now turned to support.
I am expecting a retracement to the downside to retest the support level where I will start looking for a valid reason to buy the market to retest the high for a potential 100 pips or so.
Safe trading everyone
Check today analysis below⠀
>> The market can stay irrational longer than you can stay solvent.
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
USDCAD > Selling Setup Might Be Coming Soon!!Thank you for taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you.
Follow up on #USDCAD
Hello friends.
Here we have the market has been in a nice downtrend and we have no reason to say it is over, I predict that we can still move to the downside to test the weekly support.
For now, I have no reason just yet to short this pair, but once I get a confirmation, ad good risk to reward setup I will short this pair targeting the lows first then maybe an extension to the downside targeting the weekly support
Safe trading everyone
Check today analysis below⠀
>> The market can stay irrational longer than you can stay solvent.
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
EURUSD > This Market Might Go More Down, Eyeing 1.1600Thank you for taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you.
Follow up on #EURUSD
Hello friends.
A lot of technical damage happened to this chart, now the market pressing against 1.1800, I don't think it will be supported here, and I think the market could break below it.
The market might have some support around 1.1750, but the real support is near 1.1600.
For the time being, I am just watching for this market to see if it will provide a reason to sell near 1.1880-1.1850.
it is also if you are looking for a day trade to drop to the lower time frame and look for small trade to the downside, but first, we need to break 1.1800 guys
Safe trading everyone
Check today analysis below⠀
>> The market can stay irrational longer than you can stay solvent.
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
GBPJPY > Is It Downtrend or We Still Can Go up!!Thank you for taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you.
Follow up on #GBPJPY
Hello friends.
this market has dropped 400 pips from its high, I now expect a change in the trendline, it is not yet confirmed.
We can look for sell when and if the market closes below the support level, the previous swing.
If the market makes a deep retracement to the upside towards 150.00 which unlikely but if it happens I will surely look to get in a short trade if the rules are met.
Safe trading everyone
Check today analysis below⠀
>> Do more of what works and less of what doesn’t.
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
EURAUD > Trading Plane for A Buy!!Thank you for taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you.
Follow up on #EURAUD
Hello friends.
This chart on my reader since last week was looking to get in abuy trade but did not provide me any reason to enter, however, I am glad to see it moved as predicted.
Now the market came to the resistance level and as expected, now it is moving to the downside, but I am still going to watch for a reason to get in a buy trade.
Safe trading everyone
Check today analysis below⠀
>> Do more of what works and less of what doesn’t.
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
CRM swing trade opportunity at $215Summary
CRM ( Salesforce.com Inc ) has short-term upside potential and is a good swing trade buy.
Downside
No dividend
High-end competitors are titans of industry as well like Microsoft, Oracle, and SAP while low-end competitors for small-and-medium-sized businesses include Freshworks and Zoho
Upside
About as "boomerish" as they come for Tech companies (without a dividend), in business for 20+ years
Dozens of Analysts following and pricing on TipRanks
Consistently positive revenue, gross profit, and operating income trends since 2015*
Every company I have been employed by or contracted for with >2 employees uses for customer relationship management (or more)
*all asterisk details based on MacroTrends summary of 10-K documents
Technical Indicators
RSI at 45 or below since sell-off mid-February 2021 with lows below 30 in early March
MACD histogram approaching zero as price finds support in the $210 range
Closing price, 20-Day SMA, 5-Day EMA, and 10-Day EMA are all beneath the 200-Day SMA
TipRanks median price target is $280, which is about 31% higher than last closing price on Tuesday March-16, 2021
Conclusion
CRM is a long swing trade opportunity with a conservative price target of $245.
ADA/USDT - Bullish Breakout - update!Hello traders and community, today we will tell ourselves shortly about situation of ADA/USDT
Trend analysis
- As you can see from the ADA/USDT daily chart, we are currently forming bullish breakout (Ellipse on the chart) and bullish W pattern (white line), therefore we can expect possible bullish scenario after a few days later to price level $1.30. Price of Cardano is still struggling with resistance level at the moment (approximately $1.16 price level), but support zone still remain quite strong for allowing ADA to drop lower + global trend of ADA remains bullish enough. As a trader, I recommend to put buy position up to $1.3 price level, only if we see new stable support after breakout will be finished.
Chart pattern
- Bullish W pattern (functioning)
- Bullish Breakout (functioning)
Technical indicators
- RSI: market is still in boarders and not fully overbought (Bull signal)
- MACD: market is still bearish cause of MA lines are moving away from each other and overall trend is going down (Bearish signal)
- BB: Volatility of the market started decreasing after range movement accomplished (Bearish signal)
- MA (10,20): MA10 is above the level of MA20 (Bull signal)
= Neutral movement prevails
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions :)
P.S.: Information provided is only educational and should not be used to take action in the market.
Custom Strategy : Heiken Ashi + RSI + Mama-Kama-Fama I want to share a custom strategy I have been developing on my very own and get your thoughts about it?
I have no friends trader, no mentor, no one I can share my thoughts with, that's why I present my strategies to find other traders interested in sharing and building - perfecting these with me. Together we are stronger.
If you find something to say about it, if you have skills to share (are you able to build trading bots?), please feel free to contact me with your ideas :)
I recently discovered the Mama-Fama-Kama indicator (via @rumpypumpydumpy Thank you so much for your work!) and it acts like a very powerful filter to the system IMO.
Talking about filters, the top-down approach stays the best of all and if you apply it correctly, it gives you in advance the direction of the trade you must look for and the zones you must pay attention to. Then, you simply/strictly follow your rules to catch a valid entry. After that you manage your trade manually or set another set of rules for exit.
I let you have a look. Do you see the rules of the strategy and how to apply? I will post all rules later ...
I don't have the time to continue now, but I will show you how I scalp using only 2 confluent timeframes and how you can literally spot the valid entries before/or at least right when they happen.
As it is commonly said, all indicators are lagging behind the price, my goal was always to find a way to get the opposite and build a system that would give a leading signal. I know some succeeded in this quest, so why not us too?!
Bank Nifty (Possible) trend direction for 04.03.2021After reversing from major support/ Demand Zone and giving a strong upside move, point to be noted that bank nifty has closed on the high, from here the possible movement of niftybank is shown on chart, if the trend continues it may go up. If it not able to cross the given levels then the shown down side targets may be achieved.
Bank Nifty (Possible) trend direction for 02.03.2021Bank Nifty has reversed from major support/ Demand Zone ,Today the market traded in range and remained in range for full day now the possible movement of niftybank is shown on chart, if the trend continues it may go up. If it not able to cross the given levels then the shown down side targets may be achieved.
#CHR : Upto 150% Profits Opportunity In The Mid Term.- CHR is breaking out from its consolidation sideways movement and seems to be starting its bull trend as expected.
Technicals :
- CandleStick formation looking good after a breakout signaling candle on the 4H chart and seems to be a good one on the 1D chart too.
- Falling wedge pattern already formed and trying to breakout for an impulsive 3 to 5 wave formations for now.
- Volume looking good and signal line showing a bullish trend incoming too.
Accumulation Recommendation : 114 sats - 120 sats
Distribution Targets :
Target 1 : 131 sats
Target 2 : 144 sats
Target 3 : 157 sats
Target 4 : 176 sats
Target 5 : 200 sats
Target 6 : 269 sats+
Stop Loss : 105 sats
By @togetherweaccumulate
BCH nailed perfectly! TV's most correct analyst does it again!So as you can see, BCH did exactly what I said it would in my last (privately published) analysis for loyal followers and website members only. BCH bounced off the Ichimoku Cloud and went up to the golden ratio fib level at 1.618 which was my target of $716.00 and from there BCH has dropped significantly.
As per usual, my target is hit and within a few days you can rebuy back in after a huge price drop. This is similar to most analysis I do where the top is hit and a retrace happens.
So BCH hit the target I indicated and then dropped when it hit the golden ratio of 1.618 where the RSI peaked over 70. As per usual on BCH when it hits this RSI level you sell or short as RSI will drop to 30. Last time though, the lime green trendline on RSI stopped the RSI getting to 30.
Will it do it again or will we see BCH drop further and the RSI hit 30 like it has done so every single time except the last time as explained about in my last analysis below on BCH?
If BCH breaks the RSI lime green trendline it will hit the 30 RSI level. BCH will then retouch the Ichimoku Cloud on the chart @ around $450.00 on it's way to the RSI 30 level.
From there we re-evaluate the trend in the market and see if it will bounce off these levels or continue further down to the orange horizontal line @ around $360.00 which is where the MA 144 would roughly be also (the white zigzag moving average on the chart). The purple moving average line on the chart is the break point for a bounce or a drop to $360.00
If BCH can bounce off this lime green trendline on the chart and RSI, BCH's next upside target would be $950.00
What are your thoughts on where BCH is heading?
Happy trading legends!
HTBB
Take a look at my other charts and analysis below to see my unbelievable correct analysis record. If this kind of analysis interests you and you want more than just 1 or 2 correct chart analyses every month or so, check out my website and become a member. I use a discord channel as a trading room that I post analysis in as I see it when it happens. For instance, this trade last night I saw as it was happening: Buy LTC, sell at orange line. Rebuy once bounce down off orange line.
Bank Nifty (Possible) trend direction for 26.02.2021Due to yesterdays spike and panicness in traders the market went up, but today even though the Asian, European and American markets were good our market was not able to sustain near yesterdays levels and came down. Its most probable that the down trend may continue, even tough nobody can predict the direction of market, still I am trying to imagine the probability as my hobby.
This view is only for educational purpose and not a trading recommendation, please do not take trade based on our observations.
Bank Nifty (Possible) trend direction for 25.02.2021Bank Nifty has reversed from major support/ Demand Zone , from here the possible movement of niftybank is shown on chart, if the trend continues it may go up. If it not able to cross the given levels then the shown down side targets may be achived.
This view is only for educational purpose and not a trading recommendation, please do not take trade based on our observations.
Bank Nifty (Possible) trend direction for 24.02.2021FII slowly slowly started off loading their positions also as The overall trend of Market is down side, now the Bank Nifty is near a major support at this Demand Zone , hence from here it may possible that nifty may go up. If the down trend continues then the shown target may be achived.
This view is only for educational purpose and not a trading recommendation, please do not take trade based on our observations.
"NSE:HCLTECH" - "SELL" signal 15 min Chart (Solved Signal 1)-SELL signal generated by "Solved Signal 1(SS1)" in 15 min Chart of "NSE:HCLTECH".
-"NSE:HCLTECH" 15 min Chart
- Indicator used "Solved Signal 1(SS1)"
-Solved Signal 1 generates SELL signal(by default: text:- SS1, color= red,shape=triangledown)
on 15 min Chart of "NSE:HCLTECH" .It means "NSE:HCLTECH" can go down.
-Solved Signal 1 uses "NSE:HCLTECH" Price data for Solving the Market(See description of Indicator).
-Like and Comment NSE:HCLTECH NSE:NIFTY BSE:SENSEX
"NSE:DIVISLAB" - "SELL" signal 15 min Chart (Solved Signal 1)-SELL signal generated by "Solved Signal 1(SS1)" in 15 min Chart of "NSE:DIVISLAB".
-"NSE:DIVISLAB" 15 min Chart
- Indicator used "Solved Signal 1(SS1)"
-Solved Signal 1 generates SELL signal(by default: text:- SS1, color= red,shape=triangledown)
on 15 min Chart of "NSE:DIVISLAB" .It means "NSE:DIVISLAB" can go down.
-Solved Signal 1 uses "NSE:DIVISLAB" Price data for Solving the Market(See description of Indicator).
-Like and Comment . NSE:DIVISLAB NSE:NIFTY BSE:SENSEX
"NSE:BAJAJ_AUTO" - "SELL" signal 15 min Chart (Solved Signal 1)-SELL signal generated by "Solved Signal 1(SS1)" in 15 min Chart of "NSE:BAJAJ_AUTO".
-"NSE:BAJAJ_AUTO" 15 min Chart
- Indicator used "Solved Signal 1(SS1)"
-Solved Signal 1 generates SELL signal(by default: text:- SS1, color= red,shape=triangledown)
on 15 min Chart of "NSE:BAJAJ_AUTO" .It means "NSE:BAJAJ_AUTO" can go down.
-Solved Signal 1 uses "NSE:BAJAJ_AUTO" Price data for Solving the Market(See description of Indicator).
-Like and Comment NSE:NIFTY ent. NSE:BAJAJ_AUTO n BSE:SENSEX
"NSE:MARUTI" - "SELL" signal 1 hr timeframe (Solved Signal 1)-SELL signal generated by "Solved Signal 1(SS1)" in 1 hr Chart of "NSE:MARUTI"
-"NSE:MARUTI" 1 hr chart
- Indicator used "Solved Signal 1(SS1)"
-Solved Signal 1 generates SELL signal(by default: text:- SS1, color= red,shape=triangledown)
on 1 hr chart of "NSE:MARUTI" .It means "NSE:MARUTI" can go down.
-Solved Signal 1 uses "NSE:MARUTI" Price data for Solving the Market(See description of Indicator).
-Like and Comment. NSE:NIFTY BSE:SENSEX
"BSE:SENSEX" - "SELL" signal 15 min (Solved Signal 1)-SELL signal generated by "Solved Signal 1(SS1)" in 15 min Chart of "BSE:SENSEX" Index
- "BSE:SENSEX" 15 min chart
- Indicator used "Solved Signal 1(SS1)"
- Solved Signal 1 generates SELL signal(by default: text:- SS1,color=red,shape=triangledown)
on 15 min chart of "BSE:SENSEX"' .It means "BSE:SENSEX" can go down.
-Solved Signal 1 "BSE:SENSEX" Price data for Solving the Market(See description of Indicator).
-Like and Comment.
-Thankyou
BSE:SENSEX NSE:NIFTY NSE:BANKNIFTY NSE:NIFTY