NIFTY - Correction expected from next week.Nifty will face strong resistance from Monday first at 10648 and if it manages to cross that then again immediately at 10788.
Also the larger pattern in which it has been moving is a Rising Wedge and a correction towards the bottom line of the wedge 10333 is expected.
Doji
First Sign of Exhaustion in HDFCBANK ChartsToday in a very strong market, HDFCBANK opened with GAP UP but could not show much strength as it has been showing for a few days. On Hourly charts two Doji has been formed with long up wicks that indicates exhaustion. Tomorrow if price of HDFCBANK opens with GAP DOWN, this may create an island reversal (Speculative only and it depends upon Tomorrow's opening and high).
If it opens with a gap down, then, there may be an exit or a short opportunity in HDFC Bank.
Tomorrow if market opens strong but HDFCBANK opens weak, then, its time to exit long trades but, ideally, we should wait for the market to turn weak before shorting in this stock.
Doji Kicker Signal - Price Needs To Stay Above 8EMADoji, Morning Star on the lower trendline for the trend channel, Kicker Signal - Price Needs To Stay Above 8EMA
NASDAQ NQ1! 5 day close on DragonFly Doji Nasdaq maintains support previous 5day candle body and closes with Dragonfly Doji. One would think this run is getting long in the tooth. Charts are starting to look like they say otherwise with close back above 2018 trendline. Bottom trend line in chart is best take on trend from 2008. Daily Stochastic is still showing strong cross gaining buying momentum. What is your guess on new high?
PLAN Potential BatPLAN setting up very nicely for a bat pattern. Breaking over (B) now where I added more Nov calls from (C) entry. I entered long on the C due to a nice retrace level + a reversal pattern (doji) there on the C. Looking to take 1/2 off into (D) where I expect a possible .382 retrace to trendline, or a retrace to previous market structure at the .50 where I will add the 1/2 size back, and a trend continuation to 2.618 extension. I want to see nice reversal patterns on these levels due to having plenty of time on the calls.
EEX BULL/BEAR- FORMED DAY DOJIEEX has formed a day doji which could mean that it is confirming its continuation of upward bull trend or it could be mean its preparing for a reversal. I think it is confirm continuation. Wanted to share it because there is some risk but great reward if traded properly.
EUR/JPY POTENTIALL SMALL PULLBACKWEEKLY DESCENDING TRENDLINE BROKEN
DAILY NICE DOJI CANDLE FORMED ON THE 124 MONTHLY KEY LEVEL
4H/1H PRICE CONSOLIDATING
WAITING FOR A SHORT OPPORTUNITY ON THIS PAIR UPON BREAKOUT
TARGETIN ONCE OR TWICE THE BOX SIZE
STOP LOSS ABOVE RESISTANCE LEVEL & BOX CEILING
#tradesafe #theforexdaddy #tfd
AUDUSD Possible Bullish ContinuationPotential to trade the bullish AUDUSD major pair should price break the indecision doji candle positioned on the 50% Fibonacci area of value following a recent period of retracement. Possible 1:3 risk to reward ratio should price reach the 100% Fibonacci extension level.
Dabur Doji Formed In Dabur Daily Doji has been formed with more than average volume present . if tomorrow it downtrend begins than can take short position depending upon trader mindset ( risk taker or averse ) . Dabur has too many level for support and resistance get in fast and get out faster ... big target may be difficult or may test the traders patience.
XBTUSD possible shortGood morning, well I mean... Anyways, as you can see on the graph, last month we saw a doji candle ( two in fact), approving of a trend reversal which it obviosly did, causing XBTUSD to go further down. As you can see on the right-hand side of the graph, we can see that a similair looking pattern is emerging, which could just about hit the resistance line, provided it shows a doji candle, or any other trend reversal pattern, we could see another short.
Remember do not use this as final advice to invest your money, but as a guide. This is just an idea.
EURCAD TRADING RANGEA doji candlestick was formed at a support level during yesterday's trading session, this also was formed at the lower band of the bollinger band, price should move up to the upper band at the end of tomorrow's trading session or today if there's a great bullish momentum. already in profit . TELL ME WHAT YOU THINK THO IN THE COMMENT SECTION.
Doji and IndecisionLast week, the price has closed with a Doji candlestick that represent indecision on the side of both buyers and sellers. I think that it confirms the overall downtrend continuation. I am looking for a short positions on this pair this week because the price still trending below all my simple moving averages.