A Great Trading OpportunityAs per my analysis, a Fib-3 Bat Pattern is about to complete at 1.8979 on the Daily Chart. To minimize the initial risk, I will wait for a buying opportunity on the H4 or H1 chart. This will significantly reduce the stop-loss to 1.8733 (-246pips) or close to -2,460usd/lot, while the first target will be at 1.9363 (+384pips) or close to 3,840usd/lot.
I believe that a good trader follows a good mentor, but a great trader plans his own trade and takes reference from others' analysis. Therefore, I suggest that we proceed with caution and carefully evaluate the market conditions before investing. With a well-planned trade, we can maximize our gains and minimize our risks.
Candlestickpattern
Trade Both Ways!!Our analysis suggests that there is a sideway bounce trading opportunity, with resistance at 158.49 and support at 156.79. With a difference of 170pips, this provides an incredible profit potential that can lead to close to 1,790usd/lot.
We have two sideway bounce trading strategies that we could utilize to maximize our profits. I would love to hear your thoughts on which one you prefer.
Both strategies have been carefully crafted and have the potential to yield high returns.
Let's take advantage of this opportunity, make a smart investment decision and plan your trade.
One of my Fave!I wanted to share with you one of my favourite trading strategy, the Sideway bounce. Not only is it easy to execute, but it also delivers some of the most relaxing results.
In this particular case, the resistance is at 148.40, and the support is at 147.51, which means they're 89 pips apart. This translates to an approximate profit potential of $890 per lot, both ways.
To ensure success with this strategy, it's crucial to make sure the market doesn't violate the two levels. This way, we can maximize returns while minimizing risk.
I believe that implementing this trading strategy will be incredibly beneficial to our investment portfolio. You have to make sure, not to overtrade it.
Aggressive shorting opportunityI am looking at a shorting opportunity on the GBPUSD.
Based on the 4-hourly chart, I am waiting for a magic candle to form up at 1.2368 for a shorting opportunity. My initial stop-loss is at 1.2454 (-86pips) or 860usd. At this moment, my projected target is at 1.2234 (+134pips) or 1,340usd/lot.
Alternatively, you can wait for candlestick confirmation at 1.2405. The entry price is 37pips later, with the same stop-loss and target profit level. Your initial risk is now (-49pips) or -490usd/lot and target profit is now (+171) or 1,710usd/lot.
As you can see from this real-life example, it is better to miss a trade than to engage in a trade you shouldn't have. I believe this investment opportunity has great potential for profit.
Counter-Trend Trading OpportunityEURUSD is currently experiencing a bearish trend, but for those who are counter-trend traders, there may be an opportunity to buy at the AB=CD pattern completion at 1.0602.
It is important to wait for confirmation from a magic candle confirmation before executing this strategy.
The initial stop-loss should be set at 1.0562 (-40pips) or -400 USD/lot.
Our first target should be set at 1.0668(+66pips) or +660 USD/lot.
Before making any trades, it's critical to do your own analysis and follow your trade plan.
As always, it's essential to approach investment opportunities with care and caution. But if you're ready to take a calculated risk, this could be an exciting opportunity for you. Happy trading!
VOLTAS is about to give BREAKOUT! Don't miss this!!!!It's time to BUY VOLTAS. Wait for the weekly close above 913. Immediate targets will be 1051 (15% upside) and 1317 (44% upside). within 4-6 months you can gain up to 44%.
All of my given trades have been 100% successful. Don't you believe it? Check my all published charts!
Please comment if you have any queries.
STRONG BREAKOUT in FIN ORGANICS!!!! POTENTIAL of 38% PROFIT. After a long downside, FIN ORGANICS has given a strong BREAKOUT and a good trend reversal. You can expect 38% profits from this level (5100) within 4-6 months. For confirmation wait for this weekly close above 5100.
Comment if you have any queries.
Double your money! STRONG BREAKOUT in VARROC ENGINEERINGS.This stock has so much potential to DOUBLE YOUR MONEY within a few 8-10 months. After 4 years of consolidation, it has reversed its trend. Since the listing, we have witnessed a continuous downtrend.
STRONG BUY SIGNAL FOR VARROC ENGINEERING at the current level of 505 or you can wait for this weekly close above 497. Maintain a stop loss of 495 on a weekly closing basis.
#EURAUD bearish continuation very well and clean bearish market structure in 4H time frame, price forming lower lows and lower highs and right now price seems like to forming another LH.
Price currently testing short term bullish corrective upper channel line which act as a resistance for the price. moreover, price is at static resistance area which add to our bearish confluences.
Should be noted that price is below 4H EMA and 4H bearish trendline as you can see in the picture. Also in 1H time frame price formed bearish hammer candlestick formation.
Seizing Bearish Momentum: Nasdaq 4H Setup with Gartley Pattern📉Attention traders! After successfully bagging a 1:8 risk reward ratio on the recent rally on S&P 500.
There is an exciting Nasdaq setup on the 4-hour timeframe that demands your attention. Here's the breakdown:
📌 Technical Analysis Highlights 📌
🐻 Bearish Gartley Pattern: The Nasdaq chart reveals a bearish Gartley pattern, hinting at a potential trend reversal.
🕯️ Bearish Engulfing Candlestick: Point D of the pattern confirms the reversal, marked by a formidable bearish engulfing candlestick. This indicates that sellers have taken the reins, overpowering buyer sentiment.
📈 Momentum Shift: The price is currently gaining momentum, positioned just below the moving averages, and a crossover seems imminent. This adds weight to the bearish scenario.
📉 Trade Strategy 📉
With these compelling technical signals, it's time to consider a short position on the Nasdaq. Initiate your short trade around 15,420 with a strategically placed stop loss above the recent high, approximately at 15,540, to manage risk effectively.
🎯 Take Profit Targets 🎯
1️⃣ First Target: 15,230
2️⃣ Second Target: 15,000
3️⃣ Ultimate Target: 14,700
Remember, trading carries inherent risks, and prudent risk management is paramount. Perform thorough research and stay updated on market conditions. Best of luck with your trades, and may they yield substantial profits! 💰📉📈
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
#GBPJPY Potential upside continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs.
since price rejected from the long term bullish channel upper line, price formed a bearish corrective structure with the possibility of upside continuation in favor of long term price movement.
As it can be seen in the chart price struggling with supply area for the past few days and failed several times to break below this supportive area.
more importantly today after another failed attempt to break below the support price rejected and formed strong bullish hammer candlestick pattern which can potentially shows buyers strength.
Now in order to trade this pair I'm looking for price to fail to go lower than the 4H bullish hammer candle low or break above lower timeframe bearish trendline.
Long EURGBPLast week EURGBP posted a green Heiken Ashi candle on the weekly chart. This suggests to me that we may see another green weekly Heiken Ashi candle.
It is also the case the a green Heiken Ashi candle was posted on the daily time frame after a series of red candles. This suggests to me that we may see a multi-day bull run.
#USDCAD potential bullish moveStandard bullish divergence between price and MACD indicator showing potential bullishness in the price, coinciding this divergence with price forming bullish hammer candlestick formation and also getting rejected from 4H timeframe Low, giving higher probability to this long opportunity setup.
Using Candle Wicks to refine your daytrading entriesIn the video I discuss the importance of 'Candle Wicks' in price action and how I use them to refine an entry.
I like to use the 1 minute chart for my entries and have certain criteria to trade with the trend (which I discuss in the video). When trying to trade with the predominant trend up/down, I look to trade retracements. One thing I look for is wicks into the EMAs and then a reversal of the previous candle.
I find these greatly help my timing for entries and can greatly reduce my risk.
I hope that you enjoy the video and are able to use in your own trading.
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Strong Bullish Momentum!Despite the news, I've been bullish on the Dollar Yen and it appears the weekly chart is confirming that. It's currently on a bullish movement, having surpassed the immediate resistance level and heading higher.
For counter trend traders, I recommend waiting for further confirmation before engaging in shorting opportunities. The four hour chart is on the rise to the previous resistance, but ensure to match your time zone with your trading house broker time. There's presently a violation of the previous high on both the four hour and one hour charts, so it's not ideal to short yet.
If you're seeking a buying opportunity, keep an eye out for a pullback at 144.79. On the four hour chart, there's a trend line waiting for a retest at this level. Ensure to wait for candle close before entering trades and watch for the market respecting the trend line.
Personally, I choose to look for a buying opportunity at 147.49. My initial stop-loss will be placed at 147.15, and target 1 at 147.94.
However, please note this isn't trading advice, so be sure to conduct your own analysis and not follow blindly.
#GBPAUD Short term selling opportunityAlthough in long-term view price is in bullish Daily and weekly move, but in short term price managed to form bearish market structure ( I mean 4H and 1H timeframe ) so its possible to look for selling opportunities but with extra cautious.
As we can see in the chart we have valid 4H bearish channel, price recently broke below supportive area which hold price higher for 3 time and now can act as a resistance, price also below 4H EMA and seems like going to test it again, price also around our channel middle line which can also act as resistance.
New low on EURUSD Yesterday EURUSD broke the previous low and reached 1,0631.
The downside move keep going but we’ll be looking for exhaustion.
There will be opportunities upon correction towards 1,0700 and pullback.
The next support is 1,0609, where it is advisable to lower the risk of the sells and to look for reversal.
EURUSD awaiting the newsYesterday, EURUSD continued its correction and headed towards the resistance zone.
By the end of the week, data on US inflation and interest rates from the ECB are due.
Before the important news, it is not advisable to take a high risk and it is better to wait.
We have determined zones on all major assets and are monitoring development!
Navigating Counter-Trend Waters: AUDUSD InsightsThe AUDUSD's prolonged bearish journey has sparked interest among traders seeking a potential rebound. However, it's vital to remember that market dynamics don't always adhere to expectations.
For those exploring counter-trend opportunities, the presence of an over-extended Bullish Shark Pattern accompanied by a Bullish Trendline forms an intriguing combination.
Exercise caution and await confirmation before entering the trade. Keep in mind, once the candle breaches the Bullish Trendline, this setup loses its validity. 📊🔄
Exploring Counter-Trend: NZDJPYIn the realm of counter-trend trading, NZDJPY emerges as an intriguing prospect. Keep an eye out for a bearish shark pattern, poised for completion at 87.69. However, exercise prudence and wait for the magic candle confirmation before taking action.
Remember, patience is the bedrock of consistency and profitability in the world of trading. 🕰️💹