Bank Nifty Analysis For 19th March 2024Bank Nifty has made a lot of Imbalance (46345 - 46981 ) to be filled on the down side. spend some time inside the Demand zone marked and then slowly move up towards the high. But looking at the market conditions, it looks like it can break the Demand zone and move down lower.
This is my personal Analysis for my personal trading.
Im Not SEBI Registered.
SMC
Imbalance $65 | Short BiasOn day chart
ELGD has created imbalance around $65. Besides, ELGD's in consolidation phase $48 - 60
The previous signal when ELGD closed below $55 that is signal for reversing if price can't close above $73
So I think ELGD pullback to higher then drop to Golden Ratio at $40
Wait for next move
Fair Value Gap, Chance Zone | Long BiasOn Week TF
Solana's in Fibo Channel and it's trading at $108 now
I found a #FairValueGap around in range $80 - $96 so I expect SOL will pullback and bounce back from this range
Besides, this range included #GoldenRatio
So I think the chance for long position
Time will tell
SOLANA updated move (SMC)As SOLANA continues to follow the chart pattern I previously shared, it has successfully mitigated the demand zone and is currently moving in line with it.
So far, this movement has resulted in approximately a 10% profit . Considering this positive development, it would be wise to start booking profits partially while implementing a trailing stop loss strategy.
Our next target should be the recent high that SOLANA reached. However, it is crucial to keep an eye on Bitcoin's price movement as well.
Bitcoin often influences the overall cryptocurrency market, so any significant changes in its value could impact SOLANA's performance.Additionally, it is important to note that the current market sentiment appears to be greedy. This means that investors may be more inclined to take risks and potentially overlook potential downsides.
Therefore, it is essential to exercise caution and manage your risk accordingly.
I will continue monitoring the situation and provide updates as necessary.
SOLANA Expected move (SMC)The recent increase in cryptocurrency has resulted in a bullish trend persisting for several days now. By examining the 1-hour chart of SOLANA, we identify an area of high demand where we can strategically plan a long trade. To ensure greater certainty, we can transition to a shorter time frame after addressing the Order Block and carefully evaluating CHoCH.
Smart Money Concepts.
GBPUSD Journal EntryNote : I am Learning student of ICT
trading journal help you to build your basic foundation so if you are learning ICT concepts so you have to do this every single day.. may this example help you (All credit go to ICT only i am his student)
So if you are forex trader annotate your DXY \ EURUSD \ GBPUSD chart every day
with Your Daily | H1 | M15 chart for next 3 months to build your understanding about how price flow move
Note ::
Always have narrative and short term bias in your mind
for more detail Watch ICT Month 5 , 6 , 7 , 12
And video of ICT from Core content (what to focus on)
EURUSD Journal entryNote : I am Learning student of ICT
trading journal help you to build your basic foundation so if you are learning ICT concepts so you have to do this every single day.. may this example help you (All credit go to ICT only i am his student)
So if you are forex trader annotate your DXY \ EURUSD \ GBPUSD chart every day
with Your Daily | H1 | M15 chart for next 3 months to build your understanding about how price flow move
Note ::
Always have narrative and short term bias in your mind
for more detail Watch ICT Month 5 , 6 , 7 , 12
And video of ICT from Core content (what to focus on)
BTCUSDT DAILY TFAs you see market is filling DAILY POI I already drawn on 15Jun23 @25755.67
That POI worked as a magnet! and we can see price mitigates there price started to fall -14.79%
And now price will fill imbalance which is @23986.92 to @20687.13 PLUS there is a another POI for long side! price will bounce there too.
After that we can expect a New High on BTCUSDT a breakout @32399 that's a previous high on 31May22
OR . . .
If price gives us a breakdown on that POI @20367.48 then price will move towards WEEKLY POI {SKY BLUE} @16812.95 in my opinion that's a strong POI from 21Nov22 is there and not mitigated once!
That means BTC is FILLING FUEL we can see a BULL RUN!
THOSE WHOEVER READING THIS COMMENT YOUR THOUGHT
SMC
AUDUSD LONG IDEA FROM 0.01
RISK IS 12$ ,
REWARD IS 56
USE PROPER RISK MANAGEMENT
.
.Trade Idea: BUY
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 4
💰 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 !!!!
EURUSD Short idea Let’s focus on OANDA:EURUSD SELL
The target is marked as per 15M & 1 Day with Fibonacci tool
Calculate by SMC Market Structure.
As per current Eurusd price on 15M chart Major 2nd BOS is complete now it’s time to retrace minimum 38% marked area with Fibbo tool TP1 and TP2 area is 50% marked same with Fibonacci
Thanks for watching.