Today nifty will open gap up near the 23200 level. After opening it will face resistance at this level. Small upside rally expected if nifty starts trading above 23200 level this rally can goes upto 23350 level. Expected strong rejection from this level and further downside movement in nifty. After reversal confirmation from this level downside expected target will be upto 23050. Further strong fall in index expected below 23000 level.
Order block for longs between (P) & (R1) on standard pivots indicator. Use buy stop orders back to back entries switching brokers once a $150 target is achieved. This is schematically indicated on chart. Start block as of 94250. Hedge as of 93800. Use 1.5 coins. Take profit for orders every $150. For Hedges $100 only. Excellent performance yesterday. preferable to stand down if work pressures. Profitable Trading =================================================== DISCLAIMER THIS IS NOT A TRADE RECOMMENDATION. BUT A STRATEGY TEST WITH VERY HIGH RISKS. ===================================================
Entry: ? $2.89 (breakout above trend line). Stop Loss (SL): ❌ $2.62 (below the support level). Target 1 (T1): ? $3.17 (first resistance level). Target 2 (T2): ? $3.55 (next resistance level for extended gains).
Gold broke out of H4 trendline and has now broken back in. Expecting drops.
The market remains in a critical state, with key levels in play that will determine the next major move. The price has failed to break the .41 level, confirming the development of a 3-wave move up. This signals that the market may be entering a period of consolidation or correction, rather than continuing its upward trajectory. Currently, the price has broken below key support and is facing rejection at this level. This rejection suggests that bearish momentum could be taking hold, with the potential for an impulse move down in the near future. For bulls, the immediate focus is on reclaiming the .35 level. If the price fails to regain this level, the next potential target could be .28. Traders should remain vigilant as the market tests these crucial levels. Key Levels to Watch .35 Level For bullish traders, reclaiming .35 is critical. If the price breaks back above this level, it would signal potential strength and might open the door for further gains. A failure to reclaim this level, however, could signal the start of a deeper pullback. .28 Level Should the bulls fail to reclaim .35, the .28 level becomes the next major point of interest with a potential of going deeper. This level could act as strong support, but a break below it may lead to further downside potential. Potential for Impulse Down At the moment, the market shows signs of a possible impulse move down, especially if the bulls cannot regain control above .35. If the price continues to reject at key levels, the market may quickly shift toward bearish pressure, with .28 coming into play as the next potential target.
Entry: ? $18.60 (confirmed breakout above the trend line). Stop Loss (SL): ❌ $17.62 (below the support and breakout point). Target 1 (T1): ? $19.85 (first resistance level). Target 2 (T2): ? $21.30 (next resistance level for extended gains).
Today will be gap up opening expected in banknifty. After opening if any upside rally happened then it will face strong resistance at 48450 level. Expected reversal from this level for the further downside movement. If banknifty starts trading below 47950 level then possible quick downside movement of 400-500+ points in today's session.
Yesterday we have seen XAUUSD making a daily candle closure below they day prior shadow low, indicating bearish liquidity run(breakout), today we can aim SELL from PREMIUM zone above equilibrium line of the H4 range created from yesterday big bearish movement.
Hello, OANDA:AUDUSD shows a slight recovery from multi-year lows, with AUD market expectations of a rate cut by the central bank. The Aussie experiences some relief, but risks remain skewed to the downside as key US inflation reports approach. Further downside is anticipated towards the strong monthly support at 0.600436. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
NASDAQ:AFRM hits the first target and has since pulled back. I am looking to re-enter around $50 to $48 area. ? As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.