EURAUD has been in a descending channel since late last year. We can see that price is in a clear channel. We could've traded within the parameters of the channel using levels of interest and trendline breaks.
Once the channel is broken, await a correction and retest before entering and holding.
See links below for more information about this idea and why we're...
TA Explained
After a strong impulsive move CTSI pulled back and formed a support area. It dropped below it twice but regained it now again. Price action is forming a W-formation now. Consolidation at the neckline would increase the trade probability.
Trade setup
Best entries: 0.18439 - 0.20996
TP1: 0.26322
TP2: 0.34242
TP3: 0.41718
SL: 0.15344
RR: 5.09
Max...
Hi traders:
Looking at USDMXN here for USD strength to come in.
WE see price has been in this parallel channel structure for quiet sometimes now,.
LTF had a initial push up, follow by a correction to breakout of the HTF channel.
Now that price has manage to break out, I would look for LTF continuations now to get in on this bullish continuation buys to the...
Hi everyone:
We have been seeing AUDJPY is in a bullish price action, pushing the price up.
Latest price has a fake break out of the previous HTF double tops, but quickly see a bearish reversal impulse down.
I would wait for a continuation, right shoulder to development and look for further downside.
Thank you
Hi everyone:
Most USD pairs are getting strength in the last 2 days, and NZDUSD is certainly shaping up for further bearish price action to the downside.
Price has correctively move up within this ascending channel, and hitting a HTF double area.
Price then had a sharp bearish impulse down, looking to breakout of the reversal ascending channel.
Wait for...
Hi traders:
Last few days we see EURUSD has developed further into a bearish price action from the top.
Price managed to push down form the ascending channel from the top, and broke out of the HTF structure.
Price begin to pullback and forming a deeper flag correctional structure.
Latest price is showing us a potential completion of this flag structure,...
Hi everyone:
Similar approach like NZDUSD, as price is forming this ascending channel to the double tops area.
We can see price had a fake breakout of the previous highs, but quickly reverse back down very impulsively.
This is a good indication the bullish momentum may be exhausted, and we can expect bearish continuation corrections to form and push back the...
Bitcoin has been seeing some strong declines over the past week. During this time, a classic falling wedge has been formed. Falling wedges are bullish patterns.
This is therefore a bullish potential trade on BTC .
There is also a divergence in RSI (RD+), which is another sign of an uptrend
On the chart I’ve marked two potential areas of resistance, r1 & r2. ...
I charted this about a week ago. I intended to follow energies with the triangles and found their intersections on the downward slope to be a little kooky at first. I added the stair pattern after the second peak on the downslope , copied the lines and pasted them in mirror , ie 1 2 3 4 4 3 2 1, and everything lined up really well. Now you will notice that for...
Did a little rough analysis on the trend and pattern of $BTC
I could be totally wrong but if I am right this will help not only me but everyone that analyzes it also
If you found anything with the pattern or want to simply share a thought, type away... !
Not financial yada yada
much love guys stay safe and don't get liquidated..
TVK has been on a descending channel since its listing on Binance.
We can clearly see a bullish divergence on both MACD and RSI.
Fib levels and % expectations on the chart.
This is how I see it:
- Green scenario if BTC ranges
- Blue scenario if BTC pulls back
Low volume and risky trade but project is promising and NFTs are really hyped these days. So why...
hello traders:
EURNZD has been dropping very hard since October last year. We see bearish price action to continue pushing the price down.
However, in the latest price action, we see a descending channel has been form, correcting the price to a HTF double bottoms.
This could be the first sign of the bearish momentum may be exhausted, and bullish price action...
Hello traders:
Once again we are looking at USDCAD for some potential bullish reversal price action.
Price begin this HTF descending channel once it reaches the HTF double bottoms area. This is a good sign that we may see bullish price action eventually.
Latest price also give us a LTF descending channel, correcting within the larger structure.
Look for...
Hello everyone:
Welcome back to my weekly trading recap video. This week I took more trades than usual, resulted in more losses.
Overall still in the positive for the month not include my BTC long term trade, so lets take a look at the trades taken this last week.
Full trading journal in my profile link.
GBPNZD - Got tagged out for 0.5% profit.
Full...
Hello everyone:
Paying close attention to the US indices, and DOW here is showing us good potential bearish price action.
We see overall price has been in the HTF expanding structure, and within that, an ascending channel structure, correcting the price.
Its clear that the price isn't moving up impulsively, rather its moving sideway, consolidation period....
"DONT BUY BANKNIFTY TILL 26 FEB 2021"
BANKNIFTY CAN GO TO "34000".
IF YOU SEE TODAY 24 FEB 2021 YOU THINK IT WILL GO HIGHER(LONG) BUT ITS NOT.
IT WILL GO DOWN 34000 TILL FRIDAY 26 FEB 2021.
REASONS ACCORDING TO ME-
1) TRADE SETUP OR SUPPORT AND RESISTANCE SETUP IS IN FAVOUR OF "SELL SIDE" RESISTANCE SETUP IS STRONGER THAN SUPPORT SETUP.
2)VOLUME OF SELLING SIDE...
Hi everyone:
Similar like AUDJPY, we are seeing similar price action here on CADJPY.
Price made a false breakout of the HTF double tops area, and quickly reverse impulse down.
This is a good indication of the market trapping buyers, and we can expect the next bearish push down from the price.
Look for any LTF corrections to get in on this bearish reversal...
![TVKBUSD: [TVKBUSD] Bullish short term](https://s3.tradingview.com/0/0sD3xmKo_mid.png "[TVKBUSD] Bullish short term")
