Reasons for taking this trade bearish: 1. It’s currently in a downside correction on higher timeframe 2. It’s in a downtrend on the current lower time frame 3. It gave a 78.6 - 88.6 rejection on the fibs
Reasons for short buy 1. If market breaks grey zone, this indicates it wil pull back then go higher 2. Market is already in up trend so ride the continuation 3. Buy until it hits flip zone Reasons for long term sell 1. Broke daily/4hr trend line 2. Created a CHoCH(change of character) which is not shown on my chart but its there 3. As long as unit holds supply...
Reasons for bearish trade 1. Black trendline is sell side liquidity (meaning market will take out those lows on the trendline) 2. Strong 4hr Supply Zone = Sell momentum 3. Broke highest low = Change of Character 4. Wait for lower high to be formed for sell confirmations 5. IMPORTANT: IF 4HR SUPPLY IS BROKEN, SELL IS NO LONGER VALID
What's going on traders?! This is the breakdown analysis I came up with for the end of the week. Price is currently in a range so the investment strategy is neutral. However, there are still great opportunities to maximise for next week and more. Hope this analysis gives you a clear view on what to look for!
Good morning traders! Took some great losses earlier in the week, but one thing about price it will always return to the overall trend. Therefore, maximises gain from those losses by being patient, managing risk and staying alert of key areas of entry opportunities. Hope you guys capitalised on this trade but if not there's always another opportunity in the market!
Nice break out and retest setup for the asian session. Evening star printed on previous support now as resistance. With a great 1:2 risk to reward.
Price giving a deeper retracement for a possible larger profit range back to previous swing high/support. Took a great loss this morning, and now adjusting to the market while managing risk.
Great setup that cannot be passed up. Remember to always set alerts to prevent hawking the market which will lead to impulsive trading or FOMO (fear of missing out). Keep risk to reward high, stop loss spacious, and take profit achievable.
Just a morning setup for you to capitalise. I'd wait it out for a bearish candlestick rejection specifically on the lower time frames for precise entry.
Only buy above consolidation otherwise no buying 1st target -100 Also do your own analysis before buying or selling . hope you like it.
hey guys!! praj industries buy on breakout some qty add more after retest. buy if close above 410. do share for more. hope you like it. keep it simple.
please do your own analysis before buying any stocks. buy some qty on breakout and rest on retest. do comment any suggestions if want more analysis on any particular stock. hope you like it (: #keepitsimple
please do your own analysis before buying any stock. nhpc can be bought some qty on breakout and add on more qty once retest done. do comments any suggestion. hope you like it thank you.
Reasons for the trade: 1. It broke daily Change-of-Character ( it broke the last high indicating signs of reversal) 2. It pulled back to 50% level on fibs ( potential to drop lower before initial move to the upside) 3. It’s at a flip zone ( area in the market that is both support and resistance) 4. Currently at a demand zone on daily ( support zone)
REASONS FOR THE BEAR MOVE: 1. It broke previous low 2. Created new lower high and supply zone 3. At 618 area on fibs
Reasons to take the bear move: 1: broke trendline for reversal on 4hr timeframe 2: broken previous 4hr low 3: currently at entry zone on the fibs (38.2-61.8)
Reasons for the trade: 1. BROKE OUT OF THE DAILY TRENDLINE ( market reversal) 2. Created a new lower High 3. Major rejection in the area on the Weekly Timeframe ( a lot of wicks on top of candles on the weekly) 4. Wait for pullback and rejection on lower timeframe to enter position
Reasons for this long term short: 1. It’s still in a major downtrend: lets ride the wave 2. It broke previous low on daily and weekly structure 3. Waiting for pull back at entry zone( preferably at flip zone) 4. Make sure to watch for rejections from the upside(wicks at the top of the candles)