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EUR/USD Under Selling Pressure: Resistance Blocks Recovery?The 1-hour chart of EUR/USD shows a downward trend with a rounding top pattern, highlighting dominant selling pressure. Currently, the price is hovering near the resistance level of 1.07581 USD. If it fails to break through this level, EUR/USD may continue its downward trend towards the strong support area around 1.06904 USD, where buying interest could emerge. If this support level is breached, the pair could experience a deeper decline. Investors should closely monitor price reactions at these resistance and support levels to make well-informed trading decisions. Latest news impact: Recent strong U.S. economic data has boosted the USD, adding extra pressure on EUR/USD.
Short
by Nava_Brish
ASHOKLEY - To hit 290 in the coming weeks?Ashok Leyland - CMP 222 The stock looks ready for a good upmove provided the recent swing low of 200 holds Wave counts and technical Patterns (Rounding Bottom breakout) everything points the target towards 290 for the short-medium term Refer to the chart for counts on various Degree/TF and Technical Patterns Vth of Primary 3rd is now underway. On hourly TF, price broke above the falling trendline and broke the LH/LL structure.. There could be one more dip towards 210 levels.. and thereby make a double bottom structure but this current impulse could take the script to AVWAP from the TOP at 230 levels.. A good script to consider for Dec/Jan series
NSE:ASHOKLEYLong
by Murthy_Santhosh
2
GOLD ANALYSIS FOR 11TH NOVGold Analysis 4H: Price took demand as support, showing bullish intentions at this level. 1H: Likely to fill imbalances downwards, indicating potential for a pullback. 15M: Rejection noted from a key order block, followed by a break of recent lows and a retracement. Currently, price is positioned at a resistance level. Plan: Wait for price to break this resistance, then observe for a retracement to confirm an entry for a short setup. Targets (TP1, TP2) are marked for reference. Thank you for 200 followers! Like, follow, and comment for more in-depth analyses!
OANDA:XAUUSDShort
by munmeeth
2
NIFTY50: INSTITUTIONAL LEVELS FOR 11/11/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:NIFTY
by tony_fx_sm
Expectations from Asian Paints post Q2 FY 25Consolidated revenue stands at 8201 crores -5.12 % YOY and -10.13% QOQ Consolidated earning at 693 crores -43 % YOY, -41% QOQ Standalone revenue stands at 7050 crores -6 % YOY and -13% QOQ Standalne earning 602 crores -48 % YOY, -49% QOQ Personal View:: Not thinking of 48% decrease in share price to 1441 from 2772 (the traded price post Q1 FY 25, on 15 july 24). The stock is bearish since sept 16 2024. Expecting 2440-2525 to hold if coming week bearish momentum continue. If open gap down below 2673 , -3.5% from last traded price ,possibility of downside move to 2525-2400 in the coming week
NSE:ASIANPAINT
by Apu_3007
2
NIFTY Intraday Trade Setup For 12 Nov 2024NIFTY Intraday Trade Setup For 12 Nov 2024 Bullish-Above 24280 Invalid-Below 24230 T- 24500+ Bearish- Below 24050 Invalid-Above 24100 T- 23775 NIFTY has closed with slight cut of 0.64% last week. It has formed a spinning top candle in weekly TF which indicates either halt of ongoing selling which later can result into reversal on further confirmation or a continuation below its low- 23800. Overall market is sell on rise till it regains 50 EMA in daily TF. 24280 and 24050 are intraday levels. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24280 then we will long for the target of 24500+. For selling we need a 15 Min candle close below 24050. T- 23775. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
BANKNIFTY: INSTITUTIONAL LEVELS FOR 11/11/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm