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Multiple Time Frame Analysis

GBP Analysis for Potential Buy or Sell Entry Overview: We’re focusing on a POI (Point of Interest) zone where we expect potential price reactions. This POI zone represents a key support or resistance area, and it will determine whether we enter a buy or sell position depending on how the market price reacts to it. Plan: 1. If the market price finds support at the POI Zone: Look for confirmation signals (such as bullish candlesticks, break of recent highs, or volume increases). Enter a Buy position targeting higher levels, aiming for a positive risk-reward ratio. Identify potential target levels based on previous resistance or Fibonacci extensions. 2. If the POI Zone fails as support: Wait for the price to retrace back towards the POI zone, testing it as resistance. Enter a Sell position targeting lower levels, especially if bearish patterns or momentum indicators confirm the move. --- Key Reminder: Trading always involves probabilities, not certainties. No strategy is foolproof, and risk management is essential. Make sure to place stop-losses in appropriate positions to protect your capital, and remember that disciplined execution is key.
Long
by dkrajkumar90
[BULLISH] NIFTY intraday key levels for 25-10-2024Considering the structure formed only daily TF, it has grabbed liquidity and closed inside the yesterday's range. Will be looking for a market structure shift closing above today's high can be considered as bullish momentum. After MSS, will look out for any imbalance/fair value gap/breaker block/order block for an entry with recent swing low or previous candle low as SL. Wont be interested if price moves towards downside and closes below today's low.
NSE:NIFTYLong
by S_u_n_i_l
GOLDEN OPPURTINITY FOR BITCON INVESTORS BIG BREAKOUT COMEINGGOLDEN OPPURTINITY FOR BITCON INVESTORS BIG BREAKOUT COMEING BITCON SHOWING A GOOD UP MOVE WITH BIG BREAKOUT SINARIO DUE TO THESE REASON A. its following a ACCENDING triangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this pattern neckline it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward D. rapid increaseing in volume shows that buyes are showing intrest to buy so it will be a life changeing oppurtinity for investors please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDLong
by tradergyan01
BANKNIFTY at MAKE or BREAK zone!! The Bank Nifty showed impressive resilience today, staging a strong recovery from key demand zones as anticipated. Closing around the crucial 51,000 level, which serves as both a psychological barrier and a former demand zone turned supply zone, sets the stage for an interesting session ahead. If the Bank Nifty opens flat tomorrow, the 51,000-51,100 range is likely to act as significant resistance. Traders should watch this zone carefully for potential reversal signals or breakout attempts. However, the BJP's victory in Haryana's state elections has injected fresh optimism into the markets [. This positive sentiment, coupled with a strong opening, could potentially fuel another uptrend in the Bank Nifty. The PSU banking stocks, in particular, may see continued momentum on the back of this political outcome. Investors should remain vigilant, as the interplay between technical levels and political developments could lead to increased volatility. Keep an eye on key support levels around 50,500 and resistance at 51,500 for potential trading opportunities.
NSE:BANKNIFTY
by Kaushalfin
BANKNIFTY couldn’t sustain above 51000 levels! What’s next? The recent breach of the 51,000 psychological level and important demand zone in BANKNIFTY suggests a potential downward trend. Here are some key points to consider regarding the next support levels: 1. **Immediate Support Levels**: - **49,700**: This level is highlighted as a critical support zone by several analysts. A break below this level could intensify the prevailing weakness. - **49,650**: This is another significant support level, as it represents a previous swing low that the index defended in recent sessions. 2. **Key Resistance Levels**: - **50,900**: This level is identified as a strong resistance zone. If BANKNIFTY crosses and sustains above this level, it could witness buying, leading the index toward 51,250-51,500 levels. 3. **Market Sentiment**: - The current sentiment suggests that if BANKNIFTY breaks above 50,000, it could see sharp short covering towards 50,500/51,000 levels. - The undertone remains bullish, and traders are advised to adopt a buy-on-dip approach with support at 49,000. 4. **Option Chain Analysis**: - The highest open interest is built up on the call side at 50,000, indicating that call writers are defending this level. Given these points, the next important support level after breaching 51,000 is indeed around 49,700, which aligns with previous swing lows and is a critical demand zone. The index's behavior around these levels will be crucial in determining its short-term direction.
NSE:BANKNIFTY
by Kaushalfin