XAUUSD: Short!Hello all traders!
Double top pattern has formed on H1 chart as clearly setup
And now focus on Short targeting expected target $2624.
Good luck!
Optionsstrategies
USDJPY Set to Surge Higher – Targeting 150.00?Dear traders!
USDJPY is currently maintaining a fairly steady uptrend, hovering around 147.64 despite a slight 0.34% adjustment downwards during the day. In my personal view, this correction is largely due to the pair encountering the upper boundary of the short-term rising channel. However, upon closer inspection, technical factors such as the rising wedge and the EMA 34.89 remain strong, indicating that the appeal of this pair is far from over.
Considering these factors, Ben’s personal opinion is that USDJPY will likely continue its upward momentum, with a potential target around 150.00.
Wishing you all successful and prosperous trading!
NIFTY Short Mastery on 15m Time Frame: 940 Points SecuredOn the 30th of September, we initiated a short entry at 25996.85 using the Risological Swing Trader, capturing a robust downtrend as the price continued to respect our dotted trendline indicator. To date, this strategy has delivered a significant 940 points in profit, exemplifying the effectiveness of our approach.
Target Points:
TP 1: 25823.50
TP 2: 25543.00
TP 3: 25262.50
TP 4: 25089.15
Stop Loss (SL): 26137.10
The Risological Swing Trader has once again proven its strength in spotting market reversals, allowing us to secure substantial gains. We will stay vigilant as we approach the reversal.
FINNIFTY Short: 1450 Points Secured with RisologicalFINNIFTY Short: 1450 Points Secured with Risological Swing Trader
Massive Short Entry Captured on 27 Sep with Risological Swing Trader
On the 27th of September, we secured a powerful short entry at 25099.95 using the Risological Swing Trader, aligning perfectly with the downtrend as indicated by our proprietary trendline. Since the entry, we've bagged an impressive 1450 points as the price action continues to confirm our strategy's precision.
Target Points:
TP 1: 24976.95
TP 2: 24777.90
TP 3: 24578.90
TP 4: 24455.90
Stop Loss (SL): 25199.50
This setup showcases the strength of Risological Swing Trader in identifying trend reversals and executing trades with pinpoint accuracy. We will continue to monitor this position as it edges closer to our final targets.
BankNifty 3000+ Points Profit in This MASSIVE Short TradeBankNifty 3000+ Points Profit in This MASSIVE Short Trade
Just look at this beautiful short trade.
No complex technical setup.
No small profit exits.
Neat entry, huge trade with massive 3000+ points profit.
As a trader, this is the the most ideal trade one can dream of!
How has been your trades lately?
BANK NIFTY INTRADAY LEVELS FOR 08/10/2024BUY ABOVE - 51000
SL - 50600
TARGETS - 51340,51650,51820
SELL BELOW - 50300
SL - 50600
TARGETS - 49930,49700,49530
NO TRADE ZONE - 50300 to 51000
Previous Day High - 51820
Previous Day Low - 50300
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 08/10/2024BUY ABOVE - 24890
SL - 24800
TARGETS - 24990,25060,25120
SELL BELOW - 24700
SL - 24800
TARGETS - 24600,24530,24460
NO TRADE ZONE - 24700 to 24890
Previous Day High - 25120
Previous Day Low - 24700
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Gold Price Today: Struggling to Break Free!At the start of Tuesday’s trading session, gold (XAUUSD) is hovering around $2,646, with a modest increase of 0.17% on the day. However, the precious metal lacks strong momentum, as the U.S. jobs report exceeded expectations, dampening hopes of a significant rate cut by the Federal Reserve. This has driven up U.S. Treasury yields and strengthened the USD, putting downward pressure on gold prices.
From both a fundamental and technical perspective, a further decline in gold could be expected, especially if it reacts to the trendline or resistance levels. A selling strategy could be considered if sellers capitalize on the price correction influenced by the 34 and 89 EMA indicators.
BANK NIFTY INTRADAY LEVELS FOR 07/10/2024BUY ABOVE - 51990
SL - 51820
TARGETS - 52120,52260,52400
SELL BELOW - 51670
SL - 51820
TARGETS - 51530,51400,51230
NO TRADE ZONE - 51400 to 51670
Previous Day High - 52600
Previous Day Low - 51400
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY ANALYSIS FOR 07/10/2024BUY ABOVE - 25080
SL - 25020
TARGETS - 25130,25180,25230
SELL BELOW - 24950
SL - 25020
TARGETS - 24900,24850,24800
NO TRADE ZONE - 25950 to 25080
Previous Day High - 25490
Previous Day Low - 24950
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Opening (IRA): USO Nov 15th 63 Covered Call... for a 61.27 debit.
Comments: Adding to my USO position at strikes better than what I currently have on (the Nov 15th 67's and the Dec 20th 69's). Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.
Metrics:
Buying Power Effect/Break Even: 61.27/share
Max Profit: 1.73 ($173)
ROC at Max: 2.82%
50% Max: .87 ($87)
ROC at 50% Max: 1.41%
Will generally look to take profit at 50% max, roll out short call on side test.
Opening (IRA): IWM Oct 25th 185/207.5/207.5/230 Iron Fly... for a 12.32 credit.
Comments: More small stuff while I thumb twiddle, waiting for longer-dated setups to play out.
Metrics:
Buying Power Effect: 10.18
Max Profit: 12.32
25% Max: 3.08
ROC at 25% Max: 25.00%
Break Evens: 195.18/219.82
GBP/USD: Bullish Continuation or Reversal?Today, GBP/USD continues its upward trend and is trading around 1.312 by the end of the session. Overall, the pair is approaching a key support level, and the EMA 34 and EMA 89 lines have not yet reversed, indicating that bullish momentum may still be in play. The recent price pullback seems more like a test rather than a confirmed reversal.
However, we must not rule out the possibility of breaking support, especially if the Head and Shoulders pattern completes as projected. The 1.3261 resistance level is currently being actively defended by sellers. Should a break occur, GBP/USD will present a profitable opportunity for short sellers, with the price potentially heading towards the lower boundary of the ascending channel once again.
This is a critical moment to closely monitor the market. Whether it's a continuation of the uptrend or a support break, make sure you're ready for both scenarios.
Good luck with your trading!
USDJPY: Back to Uptrend?Hello everyone,
Currently, USDJPY continues its strong upward momentum, trading steadily around the high level of 146.70, up 0.19% on the day.
From a technical analysis perspective, USDJPY is forming an Elliott Wave 5 pattern, with the first three waves already completed (currently in wave 4). Ben expects the support level around 145.77, aligning with the 0.618 Fibonacci retracement of the previous upward move, to hold, with the next target being the psychological level of 149.22.
What about you? Where do you think USDJPY will gain strength next? Share your thoughts!
XAUUSD: Positive Technical OutlookHello everyone!
Currently, gold is hovering around the $2,658 mark in early trading, showing a slight recovery after its price correction from $2,640 late yesterday.
On the technical chart, gold continues to maintain a strong uptrend within a parallel wedge pattern, with the convergence of the 34 and 89 EMAs signaling further upward potential. A solid support level is also clearly established, reinforcing this recovery trend.
Given these factors, we can confidently expect gold to break out of its current sideways phase, likely surpassing the upper boundary of the wedge and pushing higher in the near future. Therefore, the preferred strategy right now is to *buy* – seize this opportunity, my friends!
BANK NIFTY INTRADAY LEVELS FOR 04/10/2024BUY ABOVE - 51990
SL - 51820
TARGETS - 52120,52260,52400
SELL BELOW - 51670
SL - 51820
TARGETS - 51530,51400,51230
NO TRADE ZONE - 51670 to 51990
Previous Day High - 52600
Previous Day Low - 51670
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 04/10/2024BUY ABOVE - 25310
SL - 25240
TARGETS - 25380,25440,25490
SELL BELOW - 25240
SL - 25310
TARGETS - 25190,25130,25080
NO TRADE ZONE - 25240 to 25310
Previous Day High - 25620
Previous Day Low - 25240
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
EURUSD: Continuously searching for new bottoms!Dear Investors,
Today, let's dive into the EURUSD pair analysis with Conan!
In recent days, EURUSD has not had many big fluctuations, but still maintains the trend of finding new bottoms through red candles. Technically, the double top pattern has been confirmed and the price has broken the 1.1100 level, opening the possibility of a deeper decline. However, to break the strong support at 1.1000, the sellers need confirmation from the new resistance zone at 1.1085 - a level that matches the 0.618 Fibonacci level in our forecast. Potential profit-taking levels that investors can consider are 1.1000 and 1.0900 respectively.
What do you think about this analysis? Share your views!
BANK NIFTY INTRADAY LEVELS FOR 03/10/2024BUY ABOVE - 53140
SL - 52970
TARGETS - 53290,53200,53700
SELL BELOW - 52800
SL - 52970
TARGETS - 52620,52400,52260
NO TRADE ZONE - 52800 to 53140
Previous Day High - 53180
Previous Day Low - 52800
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 03/10/2024BUY ABOVE - 25860
SL - 25790
TARGETS - 25920,25980,26050
SELL BELOW - 25700
SL - 25790
TARGETS - 25610,25550,25490
NO TRADE ZONE - 25700 to 25860
Previous Day High - 25920
Previous Day Low - 25700
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Trading strategy !Hello, dear traders! In my view, the recent rally in gold is mainly due to expectations of lower US interest rates and the growing demand for safe havens amid geopolitical uncertainty. Currently, gold is trading around $2,660, down -0.14% on the day. However, I believe that the overall bullish trend remains intact.
Looking at the 4-hour chart, I can see that XAUUSD is holding above the rising trendline and the 34.89 EMA. This reinforces the idea that gold prices could continue to rise. If gold breaks above the all-time high of $2,685, this could signal further upside momentum, targeting round numbers like $2,700 and even the psychological level of $2,750.
What do you think about the trend of XAUUSD? Do you see more room for it to break higher? Let's discuss!
Gold price today is still supported to increase !Hello everyone! What do you expect from the gold price today, let's discuss today's strategy?
Yesterday XAUUSD did not change much compared to yesterday's trading session, fluctuating around $2656, down 0.1% due to lack of new bullish momentum.
Although it is under some short-term pressure due to the strength of the USD, the situation in the Middle East is gradually strengthening, promoting the demand for safe-haven gold.
Besides, there is still positive potential for further appreciation of XAUUSD, as it is still in an unbroken upward channel. A break of $2660 will not see significant resistance until $2670.
What do you think?
USDJPY: Strong recovery from 143.00Ben, hello everyone! Let's dive into today's USDJPY analysis with Ben!
USDJPY is in an uptrend today, currently trading at 143.95, up 0.29% on the day.
With USDJPY continuing to trade steadily at this positive level, the resistance level of 144.50 will be set as a short-term target, before potentially reacting and testing the price level of 143.00, forming a trend line and using it as strong support for further increases in the medium and long term. The current expected price levels are at the round level of 145.00 and 146.00 respectively and even the upper trend channel limit at 147.00.
Wishing you all profitable trading!
