GBPSGD - Monitoring the Weekly Swing Trade OpportunityGBPSGD's weekly price action appears cleaner than most of the other pairs I've been watching. Looking at the key levels, it appears that price is gradually recovering from the selloff initiated in mid-July.
The last higher-low bottom out was in mid-October of 2023. The latest higher-low formation and breaks the upper range boundary.
It's also a stronger indication given the moving average confluence; right now, the faster EMA-20 is picking up pacing in its divergence against the EMA-60.
While this isn't a clear indication to bet on the upside just yet, I do think this pair is a strong contender to watch.
Daytrading
CADJPY - One of Three Yen Trend TradesCADJPY is one of three Japanese yen pairs that I held through the weekend. the other two pairs are EURJPY and SGDJPY as they share very similar price action patterns.
The selloff in December 2023 seemed short-lived to me so I found an opportunity to enter long earlier this month. My best guess for the selloff is the collective premature anticipation of interest rate cuts in 2024.
From a price action standpoint, I quickly developed another sentiment. High level summary below:
After a retracement, price failed to push to a new lower low.
The relative low forms a new range boundary.
Price breaks above the upper range boundary and holds, which signals further upside momentum.
I'm not the biggest fan of how this pair, along with EURJPY and SGDJPY, closed last week. Seeing two down days certainly poses a risk that this uptrend may not continue for the week ahead.
Day Trader’s Post Market Analysis - Nifty BankNifty-12th Jan ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:40 for Hindi Audio)
-No Trades in the morning
-Couldn't capture the big moves in nifty
-Bought nifty at a good price,Exit was messy.
-How will i trade when market opens on monday
USD/CAD Short, EUR/AUD Short, AUD/USD Long and USD/JPY ShortUSD/CAD Short
• If price corrects and a tight flag forms, then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/AUD Short
• If price corrects and a tight flag forms, then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/USD Long
• If price corrects and a tight flag forms, then I'll filter the latter on the fifteen minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/JPY Short
• If price corrects and a two touch tight flag forms with a three touch structural approach, then I'll filter it on the fifteen minute chart and be looking to get short with a risk entry within it.
• If price corrects and a three touch larger one hour structure forms, then I'll filter it on the fifteen minute chart and be looking to get short with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Intraday Scalping Idea for GBPAUD: Key Levels and Buy LimitsHey traders! 👋
H1 ICT Long setup
Let’s take a look at the GBPAUD H1 chart, which performed LG and Displacement + Choch after Asia AM session. Our AI screener shows the AUD is increasing momentum to the weak side, currently GBPAUD has strongest momentum amount AUD pairs.
If you’re looking for an intraday scalping idea, here’s one for you:
🎯 Target on key levels:
1.9136
1.9118
1.9100
📉 Buy limit order levels:
1.9061
1.9048
1.9035
🛑 Stop loss:
1.9028
Remember, this is just an idea and not a guarantee. Always do your own research and analysis before making any trades. Good luck! 🤞
Day Trader’s Post Market Analysis - Nifty BankNifty-11th Jan ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:12 for Hindi Audio)
-No Trades in the morning
-Poor Volumes in Nifty & Banknifty
-Sold Nifty Future below 21740 with Day High as SL.
-How will i trade when market opens tom
CHF/JPY Short, USD/CAD Short, AUD/USD Long and USD/JPY ShortCHF/JPY Short
• If price impulses down below our area of value and a subsequent tight flag forms, then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CAD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down followed by a tight flag and then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/USD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up above our most recent lows followed by a tight flag and then I'll filter the latter on the fifteen minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/JPY Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down followed by a tight flag and then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Day Trader’s Post Market Analysis - Nifty BankNifty-10th Jan ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:21 for Hindi Audio)
-No Trades in the morning
-No Trades for me in both Nifty & Banknifty
-Nifty Spot Tested 21460,gap formed on the 27th!
-How will i trade when market opens tom
USD/CAD Short and AUD/USD LongUSD/CAD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down followed by a tight flag and then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/USD Long
If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up followed by a tight flag and then I'll filter the latter on the fifteen minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USDCAD: Bearish Forecast Explained 🇺🇸🇨🇦
USDCAD is approaching an important confluence zone
based on a daily horizontal resistance and a falling trend line.
Testing the underlined area, the price was heavily rejected from that on a 4H
and formed a doji candle then.
I expect a bearish movement now.
Goals: 1.3350 / 1.3325
❤️Please, support my work with like, thank you!❤️
Day Trader’s Post Market Analysis - Nifty BankNifty-9th Jan ’24
Below mentioned points are discussed in my post analysis video(Fast forward to 0:43 for Hindi Audio)
-No Trades in the morning
-No Volumes in Nifty & Banknifty
-Sell,Buy & Sell in Nifty.Buying it was the Wrong move!
-How will i trade when market opens tom
LDO crossing WEEKLY resistance levelldo crossing key weekly level of resistance
enter now and add on bullish retest
stop loss 2.975
targets 4.280 / 4.977
if you get stopped out re-enter on breakout of 3.103
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
CHF/JPY ShortCHF/JPY Short
• If price impulses down below our most recent low, then I'll be waiting for a subsequent three touch tight flag to form and then I'll filter it on the fifteen minute chart and be looking to get short with a risk entry within it if the flag is structured.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
LAI retraced and looking goodLAI retraced to daily order block
may go lower but this would be a great entry
with lower entries on chart
HUGE divergence on histogram
Quarter 1 Road map on chart
( still holding this one )
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
GBPUSD Looking like it wants to reverse soonAs I monitor price looking for the original target of the previous Aug high to be taken out but not to sure if it will have the strength to get all the way up there. It is only Monday and a New High/Low is created for the week between Tue - Thurs. So watching to see how price reacts going into tomorrow.
Day Trader’s Post Market Analysis - Nifty BankNifty-8th Jan ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:30 for Hindi Audio)
-No Trades in the morning
-Poor volumes in nifty and banknifty in the morning
-21680 Break in Nifty was a Sell at vwap,but VWAP was not visited!
-How will i trade when market opens tom
CHF/JPY Short, GBP/JPY Short, USD/JPY Short and GBP/NZD ShortCHF/JPY Short
• If price impulses down below the base of our most recent ending structure, then I'll be waiting for a subsequent tight flag to form and then I'll filter it latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/JPY Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down followed by a tight flag and then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• If price simply impulses down below the sharp hook point below which I've highlighted using a rayline, then I'll be waiting for a subsequent tight flag to form and then I'll filter it latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/JPY Short
• If price corrects and a two touch tight flag forms with a three touch structural approach, then I'll filter it on the fifteen minute chart and be looking to get short with a risk entry within it.
• If price corrects and a three touch larger one hour structure forms, then I'll filter it on the fifteen minute chart and be looking to get short with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/NZD Short
• If price impulses down below our most recent correction and a subsequent tight flag forms, then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
STACKS ( STX ) long term ideaLONG term hold idea
Very nice higher low... currently at an area of resistance ( order block )
2 entry ideas ( 1 for breakout and 1 for pullback support bounce )
Year 2024 Plans for Stacks:
Implement Nakamoto upgrade for enhanced speed and security in layer 2 solutions.
Integrate ALEX's off-chain STX20 trading technology.
Objective: Revitalize the Bitcoin L2 ecosystem
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
AUDNZD - Quick Momentum PlayUnlike most other pairs, AUDNZD has been oscillating in nature. If the past has been any indication, it consolidates in a range and then sustain breakout momentum.
There's significant volatility with this pair, making it a good choice to catch these breakout momentums. As long as price continues to below the lower range boundary, I anticipate high likelihood of further downside momentum.
EURJPY - Upside Trend Continuation?The EURJPY pair was trending quite steadily over the past year. After peaking in November 2023, there was a pretty sharp pullback in anticipation that we're exiting out of a high-rate environment.
Those expectations seem quickly quashed as we enter 2024 and the upside breakout signifies further upside potential, especially as the upper range boundary continues to hold for the week ahead.
DAG rejected at Key LevelHere is my thought process on HOSE:DAG
Price action rejected at Key Level and may retrace down to weekly 9sma with a possible wick to the FVG ( fair value gap )
)
Key Level to watch for entry on breakout / add on retest is at 0.081056
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )