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Technical Analysis

NIFTY50 || RSI positive divergence As mention in my previous idea, the recent rally was indeed a 'Dead Cat Bounce' as NIFTY50 has experienced another significant drop. However, examining the charts above reveals positive RSI divergence in both the 2-hour timeframe (TF) and the daily timeframe (DTF), with NIFTY reversing from a marked support zone. For the next bull run to be confirmed, NIFTY should hold above today’s low and meet the following two criteria: 1. The index begins trading above the 20 EMA band. 2. The RSI surpasses the 70 mark. This setup could indicate a more sustainable upward trend if both conditions are fulfilled. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading involves significant risk, and it’s essential to perform your own research or consult a financial advisor before making any investment decisions. Essential principles for traders: 1. Be Disciplined, Avoid FOMO: Maintain a disciplined approach to avoid impulsive decisions based on the "fear of missing out" (FOMO), which can lead to risky trades. 2. Risk and Reward Management: Always assess potential rewards relative to risks before entering a trade. Proper risk management ensures long-term success by limiting losses on any single trade. 3. Follow Stop Losses: Calculate and set a stop loss for every trade to protect against significant losses. Make it a habit to adhere to it without exception, even if the market seems to be in your favor. 4. Journal Your Trades: Maintain a trading journal to track decisions, wins, and losses. Analyzing past trades can help improve future strategies and identify patterns in behavior or biases. 5. Master One Strategy Before Expanding: It’s beneficial to focus on mastering a single trading strategy before exploring others. Once consistent, you can broaden your approach to diversify risk and opportunities. 6. Control Emotions: Emotions, especially greed and fear, can cloud judgment. Cultivating a mindset that balances confidence and caution is key to maintaining objectivity.
NSE:NIFTY
by Abdul-Rahim
EURUSD: Potential USD Strength On Trump Election MomentumHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09000 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.09000 support and resistance area. I would also consider the ongoing Elections in the US, if Trump wins as he is bullish the Dollar we should see a significant downsides in the Dollar. Trade safe, Joe.
Short
by JoeChampion
5
Understanding the Danger Zone of trading. They occur oftenPatience is key, but it's easier said than done. Many of us, myself included, have fallen into the trap of opening trades at the wrong time and in the wrong place, driven by impatience. A powerful way to avoid this mistake, especially in fast-moving markets, is to use the Gann Tool on higher time frames. The secret lies in identifying when the price is in the 'killzone'. When the price is here, it's a clear signal to step back and avoid taking trades. Stay patient, stay safe, and make sure you're trading when the conditions are in your favor. #TradingTips #GannAnalysis #MarketPatience #TradeSmart #KillzoneAvoidance #ForexStrategy #RiskManagement #TechnicalAnalysis #TraderMindset #PriceAction
by Blayno_MTOPS
Gold price continues the long -term trend from 2700Hello market warriors! In today's session, XauUSD is gradually looking for a potential area to buy about 2700 USD. This adjustment is not a coincidence, but because Gold witnessed the leaps of last week, largely due to instability revolving around the race of the US president, escalating tensions in Middle East and Kha Kha's expectations. Fed interest rate decreases. This week, the focus of the market will focus on the US election, decide the interest rate from the Fed and a series of important economic data, from the requirements of unemployment benefits to the psychology of consumers. use. These will be big wave factors for gold prices! Currently, gold is still surrounded by $ 2750 per ounce, continuing to strengthen the long -term increase. I wish you a successful transaction!
OANDA:XAUUSD
by Bentradegold
Solusdt adjusted: Selling & bottom catching strategySolusdt on the 4 -hour frame shows a strong adjustment after the previous price increase. The price has broken the trend of increasing trend, and is currently fluctuating under an important resistance area around $ 170. This shows that the increasing motivation has weakened, and the high likelihood of SOL will continue to adjust. Important levels: Short -term resistance: $ 170 - $ 172, is the area where the price may have a selling pressure if recovered. Nearly support: $ 165.07 - where prices can be found short -term support, if breaking, the possibility of price will continue to decrease. Important support: $ 154.16 - strong support area, maybe the waiting point if the price drops deep. Short trading strategy: Sell ​​strategy (Sell): Consider selling commands at $ 170 - $ 172 resistance if the price recovered, with the goal of closing profit at $ 165.07 and $ 154.16. Buying strategy (BUY): If the price drops in a deep support level $ 154.16, the purchase order may be considered when signs of turning on this area.
Short
by UnknownUnicorn86525521
1
[INTRADAY] #BANKNIFTY PE & CE Levels(04/11/2024)Bank Nifty is expected to open flat today. After the opening, it is likely to trade within a consolidation zone between the 51500 and 52000 levels throughout the session. A significant downside movement is expected only if Bank Nifty starts trading below the 51450 level, which could lead to a decline toward the 51050 mark. Conversely, a strong bullish rally may occur only if it breaks above the 52050 level, signaling potential upward momentum.
NSE:BANKNIFTY
by TradZoo
NZD/CHF: PAT + VPA 11/03/2024Good morning, On this date, March 11, 2024, I will be conducting an analysis of the NZD/CHF currency pair. Daily (1D): The daily timeframe has exhibited a bearish trend, initiating a downward movement from May 28, 2024, to August 5, 2024. During this period, the price encountered support at 0.494, subsequently rallying to 0.536. It is important to highlight that 0.536 represents the last swing low that was breached on the weekly chart. The price faced significant resistance at approximately 0.536 and subsequently tested the daily swing low at 0.519. Following this, the price entered a consolidation phase between 0.519 and 0.526, which persisted for 16 days before breaking below the daily swing low of 0.519. The weekly and monthly moving averages (7EMA & 21EMA on the daily timeframe) indicate a sustained bearish trend. Presently, the support level is situated at 0.494. I anticipate that the price will trend towards 0.494 in the coming weeks. I will be actively seeking trading opportunities targeting 0.494. ThePipAssassin
by ThePipAssassin
3
XAUUSD Near Critical Support: Rebound or Further Decline?The current XAUUSD chart shows gold hovering near the crucial support zone of 2,713-2,725, with the 34 and 89 EMAs serving as primary support levels. If the price holds above this support, gold may rebound towards the nearby resistance level of 2,756.603. The RSI is signaling oversold conditions, suggesting a potential short-term recovery. A cautious strategy would be to observe price action at the support zone and wait for confirmation signals before entering a buy position, capitalizing on the potential upside from this level. However, if the support zone breaks, the downtrend could continue, with the next target at a deeper support level.
OANDA:XAUUSD
by Zola_Hello
SWING IDEA - CAR TRADE TECHCarTrade Tech is showing a promising swing trade setup based on the following key technical signals. Reasons are listed below : Break of Cup and Handle Pattern : The price is attempting to break out of a classic cup and handle pattern, which is a strong bullish continuation signal. 950 Zone Tested Multiple Times : The 950 zone has been tested repeatedly, indicating it is a strong resistance level. A breakout above this level could result in further upward momentum. VCP Pattern in Uptrend : A Volatility Contraction Pattern (VCP) is forming, which suggests tightening price action and may lead to a breakout if volatility decreases and buying pressure increases. Bullish Engulfing Candle on Weekly Timeframe : A bullish engulfing candle on the weekly chart reinforces the potential for an upward move, showing strong buying interest. Increase in Volumes : A noticeable spike in volumes supports the bullish sentiment and confirms that market participants are actively involved in this move. Higher Lows : The lows are consistently shifting higher, indicating sustained buying pressure and upward momentum. Target - 1110 // 1210 // 1400 Stoploss - weekly close below 750 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CARTRADELong
by Visionary_Growth_Insights
2
XAUUSD at Resistance: Breakout or Pullback?The XAUUSD chart shows gold striving to maintain its upward momentum from the support zone at 2,742.979. With the 89 and 34 EMAs providing solid support, prices are inching closer to the resistance level around 2,789.741. This is a key price area where sellers may ramp up pressure, potentially interrupting the current uptrend. If gold breaks through this resistance, it could trigger another leg up. However, failure to hold may result in a pullback to the 2,742.979 support zone. Investors are closely watching U.S. election uncertainties and the Federal Reserve’s policy direction.
OANDA:XAUUSD
by Zola_Hello