A-trend
TRIANGLE breakout in HDFC AMCElliott Wave Analysis:-
Triangle breakout has happened and retracement is taking place.
with 2649.35 as stop loss we can get entry at current level.
Target
1. it has to cross 2737
2. 2772
3. 2800 - 2854
if the C wave was broken downside then the triangle may be in reverse and the fall will be the size of the A wave we marked.
EURNZD - Looking For Buy Setups ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURNZD has been overall bullish trading inside the rising wedge pattern in red and it is currently approaching the lower bound / red trendline.
Moreover, the zone 1.77 is a strong support.
🏹 So the highlighted red circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
As per my trading style:
As EURNZD approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Gold (XAUUSD) Next Move 💣 !Gold prices fell below key levels on Wednesday, extending a recent slump as persistent fears of rising interest rates, following hawkish signals from the Federal Reserve . As we can see that he breaks the support level and going toward the next one 1885 . For me the yellow metal will bounce at that level and get back to high levels due to russia and ukraine war . TVC:GOLD
3I INFOLTD possible uptrend in futureNSE:3IINFOLTD
After a long down trend, the stock has consolidated and reversed from its 52 week low of Rs.26.25.
Showing good and steady accumulation overtime.
Up move short term (1 to 3 months) target: Rs. 55.
Up move long term (3 to 6 months) target: Rs. 75
Would look at short trade if goes below 35.
Note: Trade with caution! Do not trade solely based on my strategies, these are just individual ideas, kindly consult your investment advisor before taking trades.
EURAUD - Looking For Trend-Following Buy Setups↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURAUD has been overall bullish trading inside the rising channel in orange, and it is currently approaching the lower bound of the channel.
Moreover, the zone 1.63 is a strong support.
🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower orange trendline acting as a non-horizontal support.
As per my trading style:
As EURAUD approaches the lower orange circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDJPY: Could GDP Release change the trend?Hello traders,
AUDJPY Is going upward.
Our main Scenario is the long one:
Long Scenarios:
After breaking 95.050, We'll wait for a retracement.
TPs are: 95.650, 96.600
SL: below 94.700
Short Scenario will be published in case of breaking the upper trend-line.
Pivot points, Support and Resistance and also Sentiment data were used for this analysis.
APPLE SHORT NOW??Disappointing earning resulted in Apple finally getting that retracement that's been long awaited and finally breaking a 210 day bullish demand line. Now there are three options to consider.
At some point Apple IS GOING to test the former resistance shown by the red box and this ss below.
Once it does we'll be looking for its Price action.
As a Bull I'd like to see option 3 play out, a retracement to the 0.382 fibonacci level, a break above the resistance box and a confirmation of that box as support. This would be a text book bull market retracement before new all time highs and would give us the perfect long opportunity.
Option 1 would present a chance for some small quick gains that I will not trade, it could easily represent a lower high which would then give us a great short opportunity, or a new ath which we won't have traded because thr RR probably wont have been there.
Option 2 could present a short opportunity if some bearish divergence is formed.
I will update when some more data comes through. Share your thoughts below!
AUDCHF - Trend-Following Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AUDCHF has been overall bearish trading inside the falling channel in blue, and it is currently approaching around the upper trendline.
Moreover, the zone 0.585 is a strong resistance.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline acting as a non-horizontal resistance.
As per my trading style:
As AUDCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Natural gas will go higher!So, we are back with another trend analysis and new support/resistance levels.
We have had a major pullback from our latest resistance level of 3 back to around 2.8~. Which is fine, its natural.
But I still strongly believe in a major bull run and upside in natural gas, which is why I believe we have to go higher, and we will in the last 2 quarters of 2023.
We have resistance level around 3.3~ - this was tested back in October/November 2020 and most recent around January 2023. This is my first target price (TP 1).
What happens after this is hard to guess at this point of time.
Will we have another energy crisis? What about the war in Ukraine and Russia? My best guess is that we will go higher after reaching 3.3 – but only time will tell.
Let me know what you guys think!
Good luck!
Head and Shoulders AMZN LONG $$$AMZN has recently demonstrated an uptrend until a sudden momentum change on 9/19. The current resistance level (neckline) is set at $145.05. With the beginning downtrend, the stock sets up a short position from the neckline to roughly $102. Following a reversal from support of the previous shoulder, a long position forms and AMZN exits the pattern.
MacD and SQZMOM are indicative of a trend reversal while RSI is indicative of an overbought condition.
In the broader market context, many major stocks have recently experienced significant corrections, followed by impressive rebounds, eventually reaching new 52-week highs. This pattern may serve as a template for what could happen with AMZN after this inverted head and shoulders formation.
Possible Long positions and Short positions look like this:
Remember to put your stop losses after the last low!
Three scenarios to continue the processIn this analysis, we checked that when they reach the specified and important areas, we can make better decisions on these areas and enter into our trades, so wait until you reach the desired areas so that the reactions to those analytical areas become completely clear.
Will GBPUSD bounce back from here?GBPUSD is one of the trading pair. By looking on the current structure on chart we can say it's below the major trend. And also reaching to the high demand zone.
There is a good possibility it will be bouncing back from here because of
Reason :
1. RSI is in oversold zone. But don't have good strength so buyers will start making positions here.
2. Zone has provided the good support zone for demand.
3. Reduction of volume of sellers.
Verdict :
Bulliness in near future.
Plan of action :
Wait for breakout of dotted trendline.
BTC.D to 60%Looks like btc is ready to make a big move.
RSI is at a common turning point in the lot to mid 30s.
BTC.D falling onto major rising support.
If this trend holds, BTC could make a big move and take a larger share of the crypto market.
NFA
Do your own DD.
Keep an eye on this crucial level.