AUDNZDLast week's sell trades on AUDNZD were highly successful, with price nearing the final take-profit target. As price approaches this key buy zone, I anticipate a potential small rise before selling off from the nearest supply zone down to the demand zone. From there, I will look for structure development / flip and wait for if price gives me a reason to enter the buy position.
Freeanalysis
EURCADPrice has recently taken out the high from April 2023, forming a new trading range and confirming the uptrend. However, after such strong bullish momentum, a pullback is anticipated. I will look for a counter-trend sell setup, expecting at least a 50% pullback to the first higher demand zone, with the ideal pullback being around 75%. From there, I will monitor the price action for potential buy opportunities and target the first High, just a simple price action...
GBPJPYPound did really get hit a lot. Now I would like to see some retracement to come into at least 50% of that Daily Trading Range and with Yen being that strong, some retracement seems reasonable. Drop to Smaller timeframes and identify the structure, if you will enter put Stop Loss below that buy zone or depends on the approach you would like to take. Another view in the comment. Nice setup overall!
EURUSDLet's look at EU, NFP caused EURUSD to rise by nearly 150 pips, breaking previous structures and forming a new trading range. While the range's extent is uncertain, I am looking for buy opportunities next week, given the current weakness in the US economy. The price action appears bullish. We might see a sell-to-buy setup, but if not, I will wait and look for buy setups.
AUDCADClean price action and structure. One of my favorite setups for the next week as well. Price formed it's new Independent Trading range, came up to the supply zone 3 times already, made a fake move to the upside, now waiting for 15min flip to the downside for this setup to become valid. Tp first low and MM ( measured move )
USOILUSOIL experienced a significant drop last week, reaching the bottom of the daily demand at the 72.995 region, where price has since rejected. A retracement into the 4H supply is expected next week. Anticipate a price drop once the supply zone is tapped, either the first or second. Have in mind the analysis on USDCAD, we are anticipating buys so this confirms our bias on Oil as well. But again let's just wait and see what price will do.
Analysis 5.8 - x, 1st - GBPCADHello traders, let's look at GBPCAD. The overall trend is bearish. However, recent price action and momentum looks like the current sell zone may be breached. As price approaches this zone, I will be looking for solid structure development on the 15-minute chart. Initially focusing on sell opportunities, I will adapt to the market if price action provides a reason to shift strategy - break of sell zone and possible buys. But as I said, I will trade what I see and that is currently sells.
OVERVIEW OF THE LAST WEEK - FXHello guys, I am happy to be back on charts more and share with you some ideas and what was happening last week. I had video analysis previous week posted on my YT as I had some tehnical issues with this platform and could not uploaded videos. Now I went through the analysis and trades from the last week, it was very interesting and much of movement happened. What I posted here as trade ideas was updated on the video! DXY,... for example so make sure to check it out as moves were very good predicted! I hope you enjoy watching and learn something new. I will upload new video and trade ideas for the next week as well. Have a great weekend and I will talk to you soon.
Blessings,
T
Bajaj Electric: Recovering after 20 days of continuous pullback.Hello Traders,
I would want to see Bajaj Electric to continue upmove and then taking a small pullback would be a buy signal for me.
Thus I would not enter right away if BajajElectric moves upwards.
My trade setup wouldbe as follows:-
Stock: Bajaj Electric, Swing Trade Cash Segment.
Entry: 1277-1288
Target: 1549
SL: 1210
Risk Reward- 3:1
Happy Trading!
Acrysil, At support level. Can attempt 3:1 RRHello Traders,
Acrysil is trading at support level. I would suggest to enter the stock at current price and keep a tight daily stop loss at 728. We should be able to target the full move of 3:1 Risk reward ratio.
The trade can be setup as follows-
Stock Name: Acrysil, Swing trade in cash segment.
CMP, Entry: 748
Sl: 728
Target: 808
Happy Trading!
IIFL Sec: In middle of support and resistance. Attempt longHello Traders,
IIFL Securities after long breakout is exhibiting flag and pole in 75 minutes chart and also has taken support twice above 111 in immediate sessions.
Even if it has a resistance at 118 we can attempt going long for target of 127. To mitigate risk of losses, we will place SL above our entry price as soon as the price reaches 118. and once it crosses 120, we will place our SL at 118.50, and wait for it to reach 127. If it crosses above 127 we will trail our SL. I will also recommend booking 60% quantities at 127.
Stock: IIFL, Cash Segment, Positional Swing Trade.
CMP, Entry: 115
SL: 111
Target: 127
Goal: 10%
Happy Trading!
CosmoFilms: Price and RS strength, RSI above 70, Good volumes.Hello Traders,
Cosmo Films ending on a big green candle, RSI above 70, and strengthened RS, supported by volume and deliveries is a buy signal. It can be traded as follows:-
Stock: Cosmo Films
CMP, Entry: 1646-1651
Target: 1751
SL: 1579
Happy Trading!
Xpro India: Grea RS Strength more uc than lc. Least risk point.Hello Traders,
Xpro India is trading at 638. It is trading at least risk point. One can enter the stock at cmp which is 638 with tight SL of 619. If it takes an upmove the immediate target would be 723 and from there we can trail the SL.
Even with 723 as target it is a pretty good Risk Reward.
So the Xpro india trade looks as follows:-
CMP: 638
Entry: 638
SL: 619
Target: 723 and Trail SL rather than booking at 723.
Happy Trading!
Shilpamed: Targeting 640 to 717 in a swing with tight SL of 620Hello Traders,
My recent trade analysis have gone pretty well. There is lot of noise around which wants us to believe that market is going to crash but at least till now I cannot see any signals like that.
So here I have found a stock, that has formed a W bottom pattern which is a bullish pattern, has good long volumes, and delivery data is also convincing.
It can be traded as follows:-
CMP, Entry price: 640,
Target: 717
SL: 620
Happy Trading!
Disclaimer: My trading ideas are primarily for education purposes. Please do your research carefully before investing.
PS: I am not invested in this stock and neither I will be trading this idea.
Ashoka Buildcon, should breakout, Volume + trend line reversalHello Traders,
Ashoka Buildcon, while riding the trend, which is reversal from the trend line has picked up big volumes. It can be traded for 14% profit within a week or so.
It can be traded as follows:-
CMP, Entry price: 101
SL: 94 (Weekly closing basis)
Target: 114
Happy Trading!
Long Bata India: Volumes picking up, breaking all resistancesHello Traders,
Bata India has moved up breaking above its all time high. With volumes picking up, we can expect it to give it a further upmove.
WIth 3:2 RR we can trade it as follows:-
My trade would be placed a follows: -
CMP: 1835
Entry price: CMP or 1835-1841.
Target: 1985
SL: 1736 (Daily closing basis)
If it opens at a lower price I would wait for Bata India to start moving up before taking an entry rather than buying at a lower price.
Happy Trading!
Long AUBANK: Rejection from monthly resistance, volume pickingupHello Traders,
AUBANK can be a good trade at the moment.
Its closing price on Friday was 1182
It can be traded as follows:-
Entry price 1191
SL: 1123
Target: 1293
Supporting pointers:-
Recent rejection from monthly resistance levels of 1142 and 1123
Volume picking up
Piramal: Beautiful Candles in volume and price Hello Traders,
PEL I traded today and again will enter tomorrow.
The price entry remains CMP: 2782 or wherever I can catch it after 9:20. In case of downward move the 9/21 EMA rejection on 75 minute chart will be my entry point around 2730.
SL: 2503
Target: 3120-3200
No complex logic. Prie action and volume momentum
Happy Trading!
Tata Motors: Another tata stock exhibiting clear upmoveHello Traders,
Tata Motors has exhibited clear upmove graph. Post Inverse head and Shoulders formation it has given a breakout. Now I am certainly entering the trade with following strategy.
If stock continues non-stop upmove:-
Then I will enter the trade when it crosses above 329 around 330
If the stock consolidates:-
And takes a rejection at 9 EMA or 21 EMA in 75 minute then I will enter the trade at that price somewhere around 318
SL: 299
First target: 350
Second target: 377
Nippon India Asset Management:v Targetting 5% upmoveHello Traders,
My favourite trades are the ones where price is supported by large volume candles. And NIAM is again exhibiting the same characteristics on its graph.
Has been moving up constantly after the infamous covid market crash.
My trade is as follows:-
Entry price: 442
SL: 428 (Daily stop loss)
Target: 465
United spirits: Again beautiful volume and price candles.Hello Traders,
United spirits again has displayed good momentum, in price and volume both.
I would enter the trade but the entry levels depend on 9 EMA for daily chart.
I would keep an eye on the stock and wait for some consolidation before it takes the next upmove.
Happy Trading!