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Eurgbp -BuyTrade Idea: buy Signal 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 6 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT WHAT STOPPING YOU TO ASK HOW ?
Long
by Greenfireforex
Start of Zigzag wave C or Impulse wave 3.Get longAs depicted in the chart we have completed up move in 5 wave's followed by 3 wave corrective move.Hence it can be assumed that current rise from 68 is either a zigzag ABC or a start of new impulse,in either case we can expect this up move to continue and can take price between 92-100 levels. Target for zigzag wave c is 92-95. Target for impulse ave 3 is 100.75. As per classic elliot wave we have surpassed wave B top of 81 in todays trading session along with wave 5's top of 82.15 which is suggesting to go long with a stop-loss of 77 for above mentioned targets. Risk-reward for zigzag wave C is 1:2 Risk-reward for impulse wave 3 is 1:3. Today if we get closing above 81,then one can go long. Disclaimer:This are just my views on the stock,no positions should be taken solely on its basis,publishing this for my future reference.
NSE:SAILLong
by UNDERDOG-29
7
HDFC AMC Wave C of 2 Still in Progress, Elliott Wave Analysis Stocks are in a bearish trend since the start of the year, after the Federal Reserve came out with a hawkish policy outlook to fight inflation . And other central banks have followed in the same decision, only adding to the bearish tilt. However, if the recession risk gets worse then this policy may quickly come to an end. And should this occur, stocks may be looking for support after the first shock lower. HDFC AMC next Downside fall till 1465 level (123.6% FIBO Extension)
NSE:HDFCAMCShort
by Dino_Naidu
Double Zigzag wave y in progressSo far we are seeing corrective price action unfolding in nifty in the form of double zigzag pattern(WXY). we are done with wave W and wave X,and wave y move started on 29th march when index crossed 17300 on the upside.Of this wave y we are seeing wave A achieving it's 61.8% extention target at 18054 and taking pause there after, suggesting wave B has started.This wave B can retrace wave A by 61% which is coming at 17660,but it's a guideline and not elliot's zigzag pattern rule. Ideally one should wait for retracement for getting long in index,as we are nearing 55 day time cycle topping zone(8th april-10th april).One should avoid shorting at this moment because we still havent got a bearish hourly candle which has closed below it's previous candle low. For upside move one should wait for hourly close above 18100. Disclaimer:This are just my personal views sharing it for my future reference,no position should be initiated on its basis
NSE:NIFTY
by UNDERDOG-29
8