#XAUUSD/H1 Weekend trading trends. Opportunities and risks ?Forecast for 8/23/2024:
Gold is expected to continue its correction, with a high likelihood of further adjustment. Frame D has shown a reversal, presenting an opportunity for short selling and preparing for a strong rise after the completion of gold's momentum.
The trading trend for today is SELL.
Key price levels to watch:
SELL zones: 2497 - 2500 and 2508 - 2511. BUY zones: 2473 - 2476 and 2450 - 2454.
Recommended orders:
Plan 1: SELL XAUUSD zone 2497 - 2499
SL 2503
TP 2494 - 2485 - 2475 - 2450.
Plan 2: SELL XAUUSD zone 2509 - 2511
SL 2515
TP 2500 - 2490 - 2480 - 2450.
Plan 3: BUY XAUUSD zone 2473 - 2475
SL 2469
TP 2480 - 2490 - 2495.
Multiple Time Frame Analysis
BANKNIFTY is STRONGER than NIFTY As we can see BANKNIFTY is stronger than NIFTY because it has a gap to be filled which has already been filled by NIFTY hence we can expect more of bullishness in BANKNIFTY till the gap is filled till it gets rejected and continues it next trend so plan your trades accordingly.
Is it still possible to adjust to 2435 and 2450 beats per minuteAnalysis of the gold trend in the Europe - America session on August 22, 2024:
The analysis from yesterday was completely accurate as gold has confirmed the current peak at 2531. The deep correction trend continues, albeit slowly, due to political situations and investor sentiment. Today, there will be news affecting USD and GOLD, leading to the possibility of establishing new peaks before further adjustments.
The trading trend for today is SELL.
Key price areas to watch:
SELL zone: 2517 - 2523, 2525 - 2527, and 2538 - 2541.
BUY zone: 2500 - 2503 and 2494 - 2497.
Recommended orders:
Plan 1: SELL XAUUSD zone 2517 - 2519
SL 2523
TP 2514 - 2505 - 2495 - 2450.
Plan 2: SELL XAUUSD zone 2525 - 2527
SL 2531
TP 2520 - 2510 - 2500 - 2450.
Plan 3: BUY XAUUSD zone 2500 - 2502
SL 2496
TP 2507 - 2515 - 2520.
GAP is yet to filled in BANKNIFTY As we can see BANKNIFTY has shown signs of REVERSAL after a series of consolidation which could lead to potential unidirectional move followed by its break. Unless it’s broken down, we can’t expect a change of TREND, till then BANKNIFTY remains bullish till 46700 is protected and have we might see more of bullishness as the impending gap is yet to be filled so plan your trades accordingly.
Will lalagi Break 25000? #Tradeplan #Nifty50 22nd Aug 2024First Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
*Trend is UP
*Trade plan: Buy on Dip
*for Critical levels see the video
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade.
GAP filled! Now ready to REVERSE..?As we can see NIFTY has completely filled the pending gap exactly as analysed and now it can be seen trading around supply zone. Hence as long as NIFTY sustains above the yellow line, it remains bullish else we may see another sideways to negative market in coming trading sessions so plan your trades accordingly.
Wait & watch Powell? Tradeplan #Nifty50 21st Aug 2024First Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
*Trend is UP
*Trade plan: Buy on Dip
*for Critical levels see the video
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade.
#XAUUSD/H1 Confirm the two-peak model or continue to increase?Gold XAUUSD analysis on August 20, 2024:
Following the start of the trading week on Monday, prices remain sideways in the 2500 - 2510 range. This correction phase is likely forming a double top pattern at H1; breaking through the 2477-2480 range would confirm the pattern. Currently, there is a small overbought area at 2508 - 2513.
Today's trading trend is SELL.
Key price levels to note:
SELL zone 2510 - 2516, 2526 - 2530;
BUY zone: 2490-2493, 2477 - 2482.
Recommended orders:
Plan 1: SELL XAUUSD zone 2514 - 2516
SL 2522
TP 2508 - 2500 - 2590 - 2435.
Plan 2: BUY XAUUSD zone 2490-2492
SL 2486
TP 2495 - 2500 - 2510.
Plan 3: BUY XAUUSD zone 2480 - 2482
SL 2476
TP 2488 - 2495 - 2510.
FLAG-POLE pattern in smaller time frame..?As we can see NIFTY has formed more like a flag-pole pattern which is also a bullish continuation pattern but it is currently trading at MAKE or BREAK level hence as long as NIFTY manages to sustain itself above the given trendline it can lead to strong short covering else we may see another sideways to negative market in coming trading sessions so plan your trades accordingly.
Bulls are Back? Weekly Wrap #Nifty50 19th Aug 2024First Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
*Trend is UP
*Trade plan: 15 Min Breakout /Buy on Dip
*for Critical levels see the video
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade.
A GAP COVERING move coming up..?As we can see NIFTY showed a strong recovery despite being in bearish sentiment which shows the power of bulls hence as long as NIFTY stays in uptrend, we can expect NIFTY to continue the main trend. As of now we can see an impending gap till 24700 levels which can be filled if NIFTY manages to open flat to strong but if fails then we may again see indecisive sideways to negative market so plan your trades accordingly.
Time to refocus on Arm again for 1st target price $200.00
New target price 1 $ 200.00 and $265.00
History high 165.00 broke in June and pull back, momentum gain back again after the deep retracement @ $95.00 recently.
A long term bull run is getting clear with the VCP charting pattern
The volume profile see big support around $125.00, this is good sign
RSI is turning up above 50, bullish signal
Vol increase divergence is seen during peak of June retracement for 3 weeks, this fulfill a strong up trend of ARM
BTCUSD SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK REWARD BTCUSD SHOWING A GOOD D
UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle 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 rectangle 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
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
BTCUSD SHOWING A GOOD D
UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle 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 rectangle 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
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
A very perfect. break out with a perfect volume.A two year awaiting. break out with the nice volume and obv also supporting momentum. indicator is in a positive side. Relative strength compared to nifty is also positive side. RSI weekly and monthly both above 60 no doubt. this stock is ready to study or research.
Gebriel - Bullish viewReasons for buying:
1. Multiple breakouts in 1 day chart.
2. Recent breakout with good volumes and retest in 15 mins chart.
I have entered the trade as per marked levels.
All my trades are strictly for educational purpose. I am not responsible for your profit or loss. Do your own analysis before entering in to any trade.
47900 coming if the structure breaks below As we can see BANKNIFTY has closed around important support which has been tested before making it weaker hence if any flat to strong opening followed by bearishness can result in breakdown of the structure which could lead to 4800-47900 unidirectional rally so plan your trades accordingly.
Gold Outlook 14 AugPrice mitigates the pivot demand zone created last time gold traded at the ATHs (All time Highs). Mitigation of the zone sees some corrective/profit taking moves. Potential supply zones for the buy continuations have been identified, but follow the LTF for your immediate trade bias.
LICI (pitchfan tool)LICI 6 month breakout with stock made ATH .
The chart shows the price movement of Life Insurance Corporation of India (LIC) on a daily timeframe. Here’s the analysis for swing and long positions:
The chart displays several trendlines which show the stock's downward and subsequent upward movement. The breakout above these trendlines indicates a shift from a bearish to a bullish trend.
Support and Resistance:
Support Levels: Around 950 and 1100.
Resistance Levels: Immediate resistance around 1200.
Volume Analysis:
Increased volume at the points where the price has moved upwards from the demand zone indicates strong buying interest at these levels.
Breakout Confirmation:
The stock has broken out above the trendline resistance and is showing strong momentum upwards, indicating potential for further gains.
for Swing Trading
Entry Points:
1) Breakout Confirmation: Consider entering a long position on a confirmed breakout above the immediate resistance level (1200). Ensure the breakout is accompanied by strong volume to confirm the strength.
2)Pullback to Support: If the price pulls back to the previous support level around 1100, consider entering a long position with a confirmation of a bounce back.
Targets:
1) Primary Target: Around 1300. This can be a target for taking partial profits or setting a trailing stop-loss.
2)Secondary Target: Around 1400. If the stock shows strong upward momentum and volume sustains, aim for this higher target.
Stop-Loss:
1) Initial Stop-Loss: Place a stop-loss just below the support level around 1100 to manage risk in case the price moves against the trade.
2) Trailing Stop-Loss: As the price moves in your favor, use a trailing stop-loss to lock in profits and minimize risk.
Market Conditions: Keep an eye on broader market trends and news that might affect the stock price.
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"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
L&T Finance Holding, BullishThe stock touched its all time high 198 in Sept/Oct 2017 and has been in downtrend since then largely trading below its 200EMA.
The stock has formed multi-year Rounding Bottom pattern, with another minor rounding bottom inside it. The short term, intermediate
and long term targets & major resistance levels are indicated in the chart.
24000 will act as a SUPPORTAs we can see NIFTY remained negative as it couldn’t sustain itself around the range and had been falling leading to gettting back in structure hence we can now expect more of sideways to negative market in coming trading sessions till NIFTY finally breaks side for unidirectional move so plan your trades accordingly.
Brace For Impact:The Downturn Has Begun?Tradeplan#Nifty50 130824First Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
*Trend is down
*Trade plan: Sell On rise/ 24360 will act as a strong resistance.
*for Critical levels & detail analysis see the Video
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade.