My Elliotical Approach to XAUUSD Short.
Hello traders!
1. I see a clear 5 wave impulsive structure and then a correction to 88.6% Fib . This is important as most 2nd waves tend to move till 78.6% to 88.6% Fib.
2. We also have a confirmation of a double top candle pattern in 30min tf.
3. The expected target can reach 161% of wave 1 and 2 after using trend based Fib extension. This is because most 3rd waves tend to go till 161% of wave 1.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
30min
NIFTY for upcoming week (31 Oct,22 to 1 Nov,22)Nifty is steadily moving upside with vix also dropping near 15.5 which shows that there is high optimism and stability in market. Now for this week we have lot of events such as FED meet and surprise RBI press conference. So if there is any unfavored announcement in both of these events then vix would shoot upside to 17-18 range. And that would be the indication of fear in market. Now also nifty is near its resistance range of 18015-85 and at the upside of parallel channel in 30 Min TF. And belo
Mid week nifty update With nifty almost filled gap and closed above 17000 big round levels shows some strength for next 2 days. Though a close below 17025 might give another downside again. So will trade cautiously and with according to these levels only.
Happy Trading :)
Disc: Chart posted only for learning purpose.
30 mins candle sticks strategy for next day trading setup 30 mins candle sticks strategy for next day trading setup :
I want to share a strategy which is based on candle sticks price action and the time period we should take as base. If we are able to find the setup at right time (trading sense) then win rate would be 60%+, works well in trending market; side ways market this setup may not work. Stop Loss is key and ensure to put it along with the entry. Calculation of SL is an art and science, spend time on understanding it first before catching up/l
PRICE ACTION SETUP FOR GOLDOANDA:XAUUSD
Market is Ranging between 1804.743 and 1797.717
There is a Buying Opportunity above 1805.314
And a Selling Opportunity below 1797.066
Wait unlit it breaks these levels or 30min candle closes above this levels.
Trick :
For impulse entry trade at London or NY Timing,
When 30min candle cross these levels switch to 1min or 5min time frame for best entry!
Trade at your own risk
PRICE ACTION SETUP FOR GOLDOANDA:XAUUSD
Market is ranging between 1806.356 and 1802.596
There is a buying opportunity above 1806.163
And a selling opportunity below 1802.073
Wait unlit it breaks these levels or 30min candle closes above this levels.
Trick :
For impulse entry trade at London or NY Timing,
When 30min candle cross these levels switch to 1min or 5min time frame for best entry!
Trade at your own risk
Possible Opportunity - Cup and Handle on 30mGood morning Traders! Hope all are having a great weekend so far. Looks like ETH could be in the process of forming a CUP AND HANDLE pattern on the 30min timeframe. If this pattern holds true to the C&H, we can see ETH push to the first TP, small corrections and then a push to ~2250. This would complete the RIGHT SHOULDER for the possible HEAD AND SHOULDERS taking shape on the higher timeframes. RSI is showing room overhead. Would love to hear your thoughts!
TP1 - 2190
TP2 - 2250
Information p
Possible Opportunity - Cup and Handle on 30mGood morning traders! Hope all is having a great weekend so far. MANA has been channeling upward, possibly forming a cup and handle pattern. RSI has plenty of room to push to the first TP. If this pattern takes further shape, we could 1.00 within the next week. Will be keeping an eye on this possible option for opportunity. Would love to hear your thoughts!
TP1 - 0.85
TP2 - 1.00
Information provided here is not intended as financial advise. Please, dyor.
Eurusd 30 time timeframe Hello Guys!
Guys has per my knowledge EURUSD may move in downward direction. If it break that box which is In pupal color then we can go for short position.
Notice:-
1.Trade on your own Risk.
2.If their is any corrections in my analysis or is their any more confirmation then please let me know🙃🙃.
SRTRANSFIN RESISTANCE BREAKOUT 30MSRTRANSFIN has been respecting it's resistance for a long time. It has respected the same resistance level for 3 times & now it's the 4th time it's testing the same resistance. Looks like the price has already given a breakout. This can be good opportunity to go long on SRTRANSFIN with SL on nearest swing low. This can be considered to trade intraday as well as positional. Happy Trading!
SLong
TCS CHANNEL / POLE & FLAG 30MWe can observe a channel in TCS in 30min timeframe. Also it looks like a pole & flag pattern. There are high chances for TCS giving breakout in coming trading sessions. You can add this stock in your watchlist and keep track of it. You can initiate long position when price crosses the high of breakout candle with the sl of nearest swing low. Risk management is the key. Happy Trading!
DLF HEAD & SHOULDER 30MDLF is showing a head & shoulder pattern in 30min timeframe. It could be a good intraday trade in it breaks the neckline of the pattern. You can place your SL above the nearest swing high. Always keep your risk managed. Cut your losses quickly and ride your profits. Happy Trading!
BPCL CHANNEL 30MINThis is BPCL in 30min timeframe. As you guys can see it is travelling in a channel. There are high possibilities of it giving a breakdown in the coming trading sessions. Even nifty looks weak as it is approaching overbought zone. A correction in nifty will result in correction of the stocks as well. BPCL is one of the stocks that will correct if nifty corrects. You can keep an eye on BPCL and trade the breakdown. Happy Trading!
ABBOTINDIA TRIANGLE 30MABBOTINDIA in 30min is showing triangle pattern. Now I know all the people watching these ideas are retailers and won't find it sensible to invest this big amount in one share. If you trade regularly, you can add ABBOTINDIA on your watchlist and keep an eye on it's movement. You can capture the breakout in intraday as you will get some leverage there and can get some great profit. You can enter the trade after price crosses the high of the breakout candle. Remember to keep your SL even when you
Bank Nifty 07/12/2020 30 min chart basis Technical analysisAs per 30 min chart technical analysis , my own idea is bank nifty will come to down
morning first 30 min it will reach (5th wave) 30449 then second 30 min retrace 3 rd 30min may forms touch the previous high 30449 then it may come to downward .
This is reference for awareness to loss Becare























