Nifty view for upcoming days. This view is only for educational purpose only
AFRM is testing a Golden Genesis fib at $42.66. Look for a Rejection or Break-and-Retest to buy. There is open space for a pop to $47.60 or $49.17 . Previous Analysis that caught a nice BREAK OUT https://www.tradingview.com/chart/AFRM/YMQdJEJJ-AFRM-eyes-on-46-then-52-Reject-or-Break-to-run-MUCH-higher/ ============================================= .
If you are invested in Chinese equities , then you would be happy to know that the foreign exchange gain is in your favour over the last few years. From 2022 to current period, SGD has appreciated against the RMB by more than 20%. Compared to the US equities, it has only gone up by half, ie. 10+%. Of course, foreign exchange is only one factor in your consideration. The stocks, ETFs or other asset classes that you choose to invest/trade in also plays an important part. For example, https://www.tradingview.com/chart/META/JoLZOWuc-60-drop-from-its-peak-for-Meta-Platform/ which I made a call in Aug 2022 (not the bottom yet) and hold to now, you would have made roughly 210% profits plus a 10% gain on your foreign exchange as well. In view of recent volatility, I will increase my exposure to HK/China equities as there are still many good stocks that are undervalued !
DISCLAMER !!!! brpt shows the shape of wave b target 900-910 cutloss 700
Hey guys! Trendline traders would be profited from this UJ trade last week or today. The market structure before the supply zone that I draw was a messy, don't you agree? I would not consider this supply zone to enter the trade. But, if you draw a trendline and the supply zone automatically aligns with the break of the trendline, it became the place where trendline traders put their sell limit to join the bearish moves. It was a beauty. As of now, my target is only 2RR for my small funded account, so yeah it is easy to achieve. The supply zone met my requirement as below: 1. Supply was left with imbalance followed by break of structure to the downside. 2. After supply zone, there was SBR level present. SBR traders would benefited from this zone. 3. Price approaching in clean structure or candles. Btw, I am not taking this trade since I draw my supply zone without try to place a trendline on the market structure before it. What is your goal this week? Mine still the same. Trade the same setup, if setup no present, I will continue watching "traders motivation videos".
This idea is recorded during the Asian hours. But it is really just an update to previous calls for a down move in the equities. I touched briefly on the wave counts and discussed on the setting of stops and price targets.
FX:GBPUSD The wave outlook for GBP/USD suggests a continued upward movement. A further increase is anticipated to complete the fifth wave.
Not an idea, but a trade history. Holding time is around 3 hours and 20 minutes.
The Ethereum Pectra Upgrade brings essential technical improvements that enhance the network's efficiency, scalability, and user-friendliness.
On the weekly chart, GALA shows signs that may indicate: • Formation of a price base: The price is moving within a narrow range after a prolonged downtrend, suggesting a possible end to the distribution phase. • Increase in trading volume: Recent price rises have been accompanied by increased volume, supporting the idea of accumulation. • Resistance breakout attempts: The price is testing previous resistance levels, which may confirm a transition into a new phase. ⸻ ? Technical Indicators • RSI (Relative Strength Index): Around 61, indicating bullish momentum without entering the overbought zone. • MACD: Showing positive signals with bullish crossovers. • Overall technical outlook: Suggests the potential continuation of the uptrend if current breakout attempts are confirmed.