AUDUSD: Potential to Go Lower 🇦🇺🇺🇸
AUDUSD broke and closed below a wide, significant horizontal demand
cluster on a daily time frame.
The broken structure turned into a supply zone now.
The next historical support is around 0.636 level.
It is most likely the next goal for the sellers now.
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Swingtrader
CHFJPY: Important Bullish Breakout 🇨🇭🇯🇵
CHFJPY formed an ascending triangle formation last week.
Yesterday, the price bounced and formed a high momentum bullish candle.
It managed to break and close above the neckline of the pattern.
The pair may continue growing.
Next goal for buyers will be a falling trend line.
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USDJPY: Back to 1990's 🇺🇸🇯🇵
152.0 key horizontal resistance kept absorbing bullish
pressure for almost 2 years.
This week, with the release of CPI data, that structure was broken
and the market set a new very important higher high.
The next historical structure that we can find is based on the price
action in 1990th.
159.0 - 160.0 resistance cluster is the next, closest key resistance.
A recent bullish breakout opens a potential for a further bullish continuation to that
psychological structure.
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USDCHF: Important Breakout 🇺🇸🇨🇭
USDCHF broke and closed above a key daily structure resistance.
We see a positive bullish reaction after a retest of a broken structure.
Because the market is trading in a long-term bullish trend,
probabilities will be high that growth will continue.
Next resistance - 0.92
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GBPAUD: Massive Breakout 🇬🇧🇦🇺
GBPAUD broke and closed below a wide daily demand area last week.
We see a retest of a broken structure after a release of the yesterday's fundamentals.
I believe that the fall may continue from the underlined red area.
Goal - 1.913
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DOLLAR INDEX (DXY): Bullish Market & The Next Target 💵
As we discussed on a live stream, Dollar Index perfectly respected
a demand zone based on a recently broken horizontal structure and a trend line.
The price just set a new high, confirming the strength of the buyers.
I believe that the next goal for the buyers will be 105.88
- the next historic structure.
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CADJPY May Go Higher! Here is WHY: 🇨🇦🇯🇵
CADJPY formed a huge inverted head and shoulders pattern
after a test of a key horizontal daily structure support.
Because the pair is trading in a long-term bullish trend,
chances will be high to see a bullish movement to higher structure levels.
Goal for buyers: 112.14
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AUDNZD: Growth May Continue 🇦🇺🇳🇿
AUDNZD broke one more horizontal resistance last week.
I think that the next goal for the buyers will be 1.0935 level - the next historical structure.
I will expect a bullish continuation to the underlined yellow area.
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NZDUSD: Top-Down Analysis & Trading Plan 🇳🇿🇺🇸
NZDUSD broke and closed below a key daily structure support.
The broken structure turned into resistance now.
We see a retest of a broken structure.
To short the pair with a confirmation, pay attention to
a bearish flag pattern on a 4H time frame.
Its support breakout - 4h candle close below will confirm the strength of the sellers.
A bearish continuation will be anticipated to 0.597 support then.
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VINC Biotech Penny Stock Followup Swing TradesVINC was a penny stock and is now in the near penny category as this biotech stock has had
a great run in the past 10 days. On the 30 minute chart, 225 shares are bought at low prices
and 125 shares are sold for profit with 100 shares still running as the momentum slows.
Overall, the trades where profitable averaging 12% daily in an average trade of 4.5 days.
Time and effort in the trade were minimal as the price action was monitored by alerts
and notifications as to price to moving average and moving average to moving average crosses
as well as dips and peaks of RSI under 40 or over 70 to notify for potential buys or sells
in this zig-zag strategy which intended to optimize profit and minimize time and effort
in trading.
GBPJPY: Bullish Continuation is Coming?! 🇬🇧🇯🇵
GBPJPY is very bullish after the BoJ rate hike.
The price is currently testing a resistance line of a horizontal range on a daily.
Its bullish breakout - a daily candle close above, will be a strong trend-following signal.
A bullish continuation will be anticipated at least to 193.0 level then.
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CRUDE OIL (WTI): Bullish Trend Continues 🛢️
Crude Oil set a new higher high higher close on a daily,
violating a key horizontal structure resistance.
It is a strong trend-following signal that indicates that growth will most likely continue.
Next goal - 82.4
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Tata Investment for Swing/Positional Tata Investment Prediction for Swing/ Posional Trading
You can enter into trade above Entry 1 level (2740) daily close basis or after Entry 2 3015 . There is a resistance 2890-3015 level. May retest the 2598 level.
SLs- 2590,2450
Targets- 3015,3290,3350,3640,3800,4260,4700,5165,5621,6000,…
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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Happy trading.
About Tata Investment –
Tata Investment Corp. Ltd. is a non-banking financial company, which engages in the business of investment in companies including group companies. It also offers investing in long-term investments such as equity shares and equity-related securities. The company was founded on March 5, 1937 and is headquartered in Mumbai, India.
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A rapid BTC and SOL uptrend worries me for my behaviour.For me as a swing trader, it's the first time I am dealing with uncomfortable emotions while the uptrend is remarkable going on and on... My thoughts are dealing with a mix of unbelief and trust issues. For all those traders with similar awareness, I put a list together of psychologic behaviour I have to deal with right now (12th of March 2024). I have decided to wait for selling due to all these in the list below.
1. FOMO (Fear of Missing Out) : When prices are rising quickly, there's a tendency to fear missing out on potential profits, leading to impulsive buying decisions.
2. Overconfidence : Success in a rising market can lead to overconfidence, causing traders to take on excessive risk or neglect proper risk management strategies.
3. Herd Mentality : Traders may feel pressured to follow the crowd, leading to crowded trades and increased volatility.
4. Confirmation Bias : Traders might seek out information that confirms their bullish bias, ignoring or downplaying negative indicators or news.
5. Greedy Behavior : Greed can cloud judgment, causing traders to hold onto positions for too long, even when signs of a reversal or correction are present.
6. Panic Selling : Despite the overall uptrend, sudden dips or corrections can trigger panic selling among traders, exacerbating market volatility.
Being aware of these psychological tendencies can help you stay disciplined, adhere to your trading strategy, and avoid making emotionally driven decisions.