USDCHF Reverses After Double-TopPrice made the original high on September 27th. A few days later, a retest of the high occurred on October 3rd.
After today's New York close, price continues to push to the downside. As long as price holds below the labelled neckline at 0.91492, I believe we can expect a bearish outlook.
Daytrading
Trend reversal to the UPSIDE if Nq! Holds 100 EMA on DailyLooking at today's Bounce with high Volume, the Nasdaq futures have again reclaimed 100 EMA on the daily timeframe. There is a very high probability that Nasdaq Futures will go higher in coming days and test 50 day EMA. If it closes above 14,809 tomorrow, then this is the trend reversal and we are again in the bullish trend. Keep an eye on the 100 EMA, if it looses then there will be a lot of selling to the short side. As of now we are very bullish in coming days till Friday. And then we can analyze the closing of the week.
Day Trader’s Post Market Analysis - Nifty BankNifty-4th Oct ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:50 for Hindi Audio)
-No Trades in the morning
-Sell Volumes in nifty which intiated a short and sl was hit.
-Not Bullish now in Nifty :)
-How will i trade when market opens tom
EUR/CAD Long, EUR/USD Long and GBP/AUD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for an convincing impulse up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag, or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD Long
• If price impulses up above our most recent high, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/AUD Short
• If price impulses down, it does so in a convincing manner and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
#IRFC INTRADAY TRADE SETUPGreetings Folks,
today i have prepared a setup of IRFC on NSE
the analysis is as follows
- the price broke out of a minor bearish structure
- price is currently on a support resistance flip zone
- the price can take support here or will migitate the zone below as marked
dont play with fire, always use a predefined stoploss
Day Trader’s Post Market Analysis - Nifty BankNifty-3rd Oct ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:42 for Hindi Audio)
-No Trades in the morning
-No Volumes in nifty and Banknifty
-Will look for selling opp. in Nifty at higher levels!
-How will i trade when market opens tom
EUR/CAD Long, EUR/USD Long and GBP/AUD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD Long
• If price impulses up above our area of value, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/AUD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
$TSLA Channel and PBS. $262-$264 Decent close above a lower time frame sell wall 251.50 but hoping to avoid a gap up to resistance.
In order to move higher we want to DISPLACE SELLERS.
In order to do that, we need to gap up above their average (sell wall) This will mean the first move is down. Wave wise we don't want to see 3 rejections. I believe that the projected and now real channel you see here (posted multiple times on X) is set to hit resistance.
I also have a COST BASIS to break at 257.50
Breaking Cost basis in a Potter box GIVES YOU A NEW HIGH.
I project that this new high will be the gap fill and an attempt to close where buyers control at 266.50 and 267.
I trade unbiased everyday and my trade is dictated by the open price and where that is in my chart. This determines everything.
We hit our targets daily, and with this system i use
NO INDICATORS
NO VOLUME
NO ORDER FLOW
The market is mechanical, let me prove it to you.
EUR/CAD Long, AUD/CAD Long and NZD/USD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/CAD Long
• If price pushes down to and ideally just below our area of value and it doesn't do so impulsively, then I'll be looking to get long with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD Short
• If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.