GBPJPY: Bearish Outlook Explained 🇬🇧🇯🇵
GBPJPY dropped heavily on Friday.
The price violated both a support line of a rising parallel channel
and a horizontal demand zone.
With a high probability, the price will continue falling next week.
Next support - 193.9
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Swingtrading
Trade Review - WEST
When the stock showed up on the screener there was a bullish continuation setup on the daily chart and a potential overextension on the higher timeframe downtrend. Thus added to the watchlist to monitor for a move.
Execution – Entered late on a debatable Failure Test.
Trade Overview
• Structure: Bullish Continuation (D) / Downtrend Pullback (W)
• Position: Near Mean (D) / Far from Mean (W)
• Entry Trigger: Failed Breakdown (Late)
Entry Details
• Entry Price: 6.90
• Stop Price: 6.40
• Target Price: 8.46
• Expected Risk/Reward: 3.12 R
Exit Strategy
• Exit Price: Closed 75% of position into 1R and rest hit stop at breakeven.
Close to Key Resistance with Strong MomentumNYSE:DELL is in a clear recovery phase after a substantial drop. Following the recent uptrend, it’s now approaching a significant resistance level near $135. This resistance level represents a prior high from June, a point where price previously struggled to hold.
Volume has increased slightly on this approach, suggesting that buyers are gaining confidence. However, if the stock fails to break above this level, it could face a pullback to test the support zone around $120.
Watch for a breakout above $135 with volume confirmation, as this could signal a continuation of the upward trend.
HINDPETROHi guys,
In this chart i Found a Demand Zone in HINDPETRO 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
HINDPETROHi guys,
In this chart i Found a Demand Zone in HINDPETRO 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
Trade Review - NPWR
Found this stock on the screener showing a bullish continuation setup on the daily chart. On the higher timeframe downtrend, looked like the pullback had been played out. Despite it was added it to the watchlist to monitor.
Execution – Later Entry.
Trade Overview
• Structure: Bullish Continuation (D) / Bearish Pullback (W)
• Position: Near Mean (D) / Near Mean (W)
• Entry Trigger: Breakout / Range Expansion
Entry Details
• Entry Price: 9.92
• Stop Price: 8.91
• Target Price: 12.34
• Expected Risk/Reward: 2.36 R
Exit Strategy
• Exit Price: Closed 75% at 11.34 and 25% at 12.34.
Why Bioceres Crop Solutions is the Top Stock to Buy in 2024As the world grapples with increasing food demands and the urgent need for sustainable agricultural practices, one company stands at the forefront of this vital transformation: Bioceres Crop Solutions. With its innovative approach to crop enhancement and a robust portfolio of groundbreaking agricultural technologies, Bioceres is not just reshaping how we grow our food—it’s also poised to deliver impressive returns for savvy investors in 2024. in this supply and demand and price action analysis, I will explore why Bioceres Crop Solutions is more than just a stock; it’s a beacon of hope for sustainable farming and an investment opportunity you can’t miss!
With a strong foundation built on years of experience, impressive financial performance and a very strong demand imbalance at $6.20 per share, which took control in November 2024, we expect a decent reaction. The stock could rally more than 70% in the following weeks.
AUDCAD Bearish Momentum With Key Resistance Level.Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.91200 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.91200 support and resistance area.
Trade safe, Joe.
Trade Review - DNA
When this stock was added to the watchlist, it displayed a bullish continuation setup on the daily timeframe. On the higher timeframe, there was also a potential for downside overextension, suggesting a possible pullback within the larger downtrend.
On the next chart, executions are shown. In anticipation of the trade, I look for a failed breakout against the trend—a failure test—where the price moves outside the lower boundary of an established consolidation. If it then closes back within the range, I sometimes enter before market close. For these trades, I often close a partial position as the price nears the upper part of the range, in case the range holds without a breakout.
Trade Overview
• Structure: Bullish Continuation (D) / Bearish Pullback (W)
• Position: Near Mean (D) / Extended from Mean (W)
• Entry Trigger: Failed Breakout (Opposite to Trend)
Entry Details
• Entry Price: 7.77
• Stop Price: 6.73
• Target Price (Range): 8.72
• Target Price (Measured Move): 11.62
Exit Strategy
• Exit Price: Closed 50% into 9.03 > Rest hit SL at 7.95.
Trade Review - KRUS
This stock was added to the watchlist based on a bullish continuation setup on the daily timeframe (noticeable upward move followed by a pullback or consolidation near the mean price).
The higher timeframe, we observed that the stock has been moving within a range, even shown a failed breakdown / failure test to the downside. Its now inside range, without interference.
Trade was entered as a breakout.
Trade Overview
• Structure: Bullish Continuation (D) / Range (W)
• Position: Near Mean (D) / Inside Range (W)
• Entry Trigger: Breakout
Entry Details
• Entry Price: 86.45
• Stop Price: 80.50
• Target Price: 103.10
• Expected Risk/Reward: 2.8 R
Exit Strategy
• Exit: Closed 50% at 1R, rest at or near target price.
Blue Star Ltd. - Long Setup (Swing Trade)Blue Star Ltd. has approached a key level, presenting a potential swing trade setup. Here’s the trade plan:
Entry Zone: 1880
Entry Price: Once a 15-minute candle breaks above 1880 , the high of that candle will confirm the entry.
Target: 2048.50
Stop Loss: 1795.80 (Triggered if a daily candle closes below this level)
The stock is currently testing the entry zone at 1880 , and if there’s a confirmed breakout, we could see momentum driving it toward the target of 2048.50 . The stop loss at 1795.80 offers a controlled risk, providing a favorable risk-reward ratio for this setup.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
Eris Lifesciences Ltd. - Swing Trade SetupWe have a potential long trade opportunity in Eris Lifesciences with a defined entry and target.
Entry Price: 1368.40 (Confirmed after the 15-minute candle broke above the entry zone at 1350)
Target: 1624
Stop Loss: 1213.05 (This stop loss is considered valid if a daily candle closes below this level)
This trade setup offers a solid risk-to-reward ratio with the target level at 1624. As always, manage risk according to your trading plan.
Disclaimer: This analysis is for educational purposes only and not financial advice. Trade responsibly and use proper risk management.
USDCAD: Massive Breakout is Coming?! 🇺🇸🇨🇦
USDCAD is testing a significant weekly horizontal resistance cluster
based on the highs of 2022/2023/2024.
With the current fundamental sentiment, probabilities
will be high that we will see a breakout attempt of that.
A weekly candle close above will confirm a violation.
It will open a potential for more growth.
Get ready.
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Bullish on XAGUSD: X1X2 Strategy for Silver GainsAs a trader focused on XAGUSD, I'm excited about my bullish bias and the potential for significant gains in the silver market.
My strategy employs the X1X2 methodology, which is grounded in probabilities, allowing me to identify optimal entry points for long positions.
With silver currently showing strong momentum, especially as it approaches key resistance levels, I anticipate a breakout that could drive prices higher.
The Elliott Wave analysis supports this outlook, indicating that we are in a bullish phase with potential for further upside as long as we maintain support above recent lows.
By leveraging my swing trading system and the X1X2 probabilities, I am positioned to capitalize on this bullish trend effectively.
Join me as we navigate this exciting opportunity in the silver market!
3D:
4H:
P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
Join My Bullish EUR/GBP Journey!Hey Traders! Today, I'm excited to share my bullish trade idea on the EUR/GBP currency pair. As we navigate through the current market dynamics, I believe there are several key fundamentals supporting this upward bias.
Current Market Fundamentals
- Economic Indicators: The upcoming release of the Confederation of British Industry (CBI) retail sales data is anticipated to show positive trends, which could strengthen the GBP. A robust consumer spending report can create a favorable environment for the Euro to gain against the Pound.
- Market Sentiment: Recent bullish candlestick patterns on the H4 chart suggest a potential reversal in the EUR/GBP pair. The price is currently hovering near the middle Bollinger Band, indicating a possible breakout.
- Technical Setup: The pair is trading between the 23.6% and 38.2% Fibonacci retracement levels, suggesting consolidation with potential for upward movement. This technical setup aligns with my bullish sentiment.
Utilizing Probabilities for Positioning
In my trading strategy, I emphasize the importance of probabilities to make informed decisions. Here’s why:
- Statistical Edge: By analyzing historical price movements and current market conditions, I can identify patterns that have a higher likelihood of repeating. This statistical approach helps me gauge potential outcomes more effectively.
- Risk Management: Using probabilities allows me to set realistic targets and stop-loss levels, ensuring that I manage risk while maximizing potential gains. For instance, if historical data shows a 70% success rate for bullish movements after similar setups, I can confidently position myself for long trades.
- Adaptability: Markets are dynamic; therefore, employing a probabilistic mindset enables me to adapt my strategy based on real-time data and changing conditions. This flexibility is crucial in maintaining an edge in trading.
Conclusion
With a bullish bias on EUR/GBP backed by solid fundamentals and a robust technical setup, I am ready to position myself for long trades using probabilities as my guiding principle.
Let’s keep an eye on the upcoming economic data releases and market movements that could further validate this trade idea.
Feel free to share your thoughts or any questions you may have! Happy trading!
1M:
2W:
2H:
P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
Range breakout | Impulse of bull starthi Traders,
1. The swing formation is solid
2. BEL has taken the ascending trend line support.
3. The the range bound is weekly has broke upward, leading to impulse wave of bull trend.
4. Projected Target 1 and Target 2 with 20% and 40% returns from the CMP with 1:81 and 1:4.01 risk reward ratio respectively.
Watchlist - Nov 10, 2024This is my weekend watchlist selected from the passive screener, primarily for monitoring potential setups. I didn't find many proper opportunities this time— few setups and most were lower quality, so mainly for observation. Most proper movers are already on the run.
List: PLCE, KYTX, DNA, NPWR, TTGT, OUST, ALGS, SNAP, EYE, APLS, LSCC, DHI, IBTA