Am I the only one seeing this obvious SNOW breakout signal?Hello to anyone new to my analysis - I’m typically a video person because it’s hard for me to truly share the story of a chart like I do in my videos in a plain form such as the one I’m attempting here.
(No disrespect for those who don’t like videos! I just want to share knowledge if it helps anyone).
Anyway! We’re looking at a daily chart here and there’s quite a clear head and shoulders forming which created beautiful left shoulder liquidity and is in the process of building the second as it attempts to break out. For those who don’t trade “chart patterns” - they are simply an alternative way of seeing how the internal workings of the market are playing out. For example, Similar to a h&s is a cup and handle which is where we have price that more sellers than buyers agree on. This creates a “resistance level” similar to the pink one we have on the chart. The ensuing drop is simply to allow 1. Sellers to enter the market, set stop losses above the resistance level, and eventually take profit and become buyers again. I.E. LIQUIDITY! Liquidity is that building of buy and sell orders, limit orders, stop losses, take profits, etc. so that when we finally have enough buyers in at a high enough agreed upon price, large “institutional” buyers can return to that “resistance level” and smash through it - hitting stop losses, creating new buyers, and there you have a breakout!
Sorrry for the tangent - even though my trading is almost fully based off of technical analysis and what money would just call trend lines - what it really is built on and what I teach all to my students first is market dynamics and how and why all this movement happens - and then, with what I’ve studied and built over the past few years, I can analyze a chart and identify when there moves will happen and where we can see them going before market dynamics/i.e more liquidity is required for further movement. It’s a fun and simple game. I dont go into it in depth here on this analysis but that’s what you will find in my video.
Back to SNOW - we can see clear TAPERING happening - the key to all reversals - from red selling to yellow more tapered selling. Meaning, sellers intention is weakening and we can activate a buying continuation such as the white or green to grab all the liquidity and break us out to the upside.
Of course we will need to activate a strong buying continuation to make real movement and I will be doing a much more in depth video on this tmrw to understand what a confirmation and entry could look like here. Currently retesting a breakout of strong selling red so let’s see if we can an activation and confirmation of white. There are lower time frame signals that I will go through in my video that are signaling that happening so that we will be able to get a pinpoint entry trade as we’re always looking for.
Thanks for checking this out hope it was helpful - as always I’m happy to connect with anyone who has further questions or recommendations. And of course this is for educational purposes only.
Please check out my videos for furthrr analysis like this and much better!
Happy Trading :)
Beyondtechnicalanalysis
Buy GBP/CAD UK GDPThe GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further price gains in the coming hours.
Key Points:
Buy Entry: Consider entering a long position (buying GBP/CAD) above the broken resistance level of the channel, ideally around 1.7120 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the following points, based on the channel and recent price movement:
1.7181: This target is obtained by measuring the height of the channel (from the base to the breakout point) and adding that distance to the breakout price.
1.7215: This is a further extension of the upside target, based on roughly twice the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally with some buffer around 1.7105. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you.
Sell USDJPY Channel BreakoutThe USD/JPY pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling USD/JPY) below the broken support level of the channel, ideally around 155.60 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
154.74: This represents the first level of support within the channel.
154.27: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 156.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
Sell GBPAUD UK Interest Ratethe GBP/AUD pair on the M30 timeframe presents a potential shorting opportunity due to the presence of a bearish pennant pattern.
Potential Short Trade :
Entry: Consider entering a short position (selling) below the broken support trendline of the pennant after confirmation. Ideally, this would be around 1.9000 or lower if the price continues to decline.
Target Levels:
1.8871: This target is achieved by measuring the height of the flagpole (initial downtrend before the pennant) and projecting it downwards from the breakout point.
1.8807: This is a further extension of the downside target, based on roughly twice the height of the flagpole.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the pennant, ideally with some buffer around 1.9042. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
Sell XAUUSD Channel BreakoutThe XAU/USD pair (spot gold) on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further price declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 2322 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
2294: This represents the first level of support within the channel.
2279: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 2332. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Future AUDUSD selloff very possible Fundamentals : The RBA (Reserve Bank of Australia) kept interest rates at a 12-year high of 4.35%. The COT (Commitment of Traders) Non-Commercial Report for AUDUSD showed a larger number of participants holding shorts over longs but we’ve had about 15k shorts close their positions since the last COT report so there is that going against the bearish sentiment. Net position overall is still negative but it had a positive change of 13k or 13.51% which also goes against the bearish sentiment. % OI for longs is 18.40% while the % OI for shorts is 55.5%, Open Interest being 224.5k which is -14k lower then last weeks reports
Technicals : We get the 3-EMA crossing-over the 10-EMA to the downside while price action is possibly staying underneath both EMAs. Stochastic is facing down while crossing the 50% mark and the Momentum is negative.
Stop loss above the top trend line, Targeting prominent recent Lows.
Sell EURCAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4730 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
1.4677: This represents the first level of support within the channel.
1.4645: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4745. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Buy AUD/USD Bullish PennantThe AUD/USD pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a well-defined bullish pennant pattern. This breakout suggests a continuation of the prior uptrend and a higher likelihood of further gains in the coming hours.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance level of the pennant, ideally around 0.6630 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the following points, based on the pennant and recent price movement:
0.6694: This target is obtained by measuring the height of the flagpole (initial uptrend before the pennant) and adding that distance to the breakout price.
0.6734: This is a further extension of the upside target, based on roughly twice the height of the flagpole.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the pennant, ideally around 0.6600. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you.
Buy BTCUSDT Channel BreakoutThe BTC/USDT (Bitcoin) pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 5900 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the following points, based on the channel and recent price movement:
62274: This target is obtained by measuring the height of the channel (from the base to the breakout point) and adding that distance to the breakout price.
63830: This is a further extension of the upside target, based on roughly twice the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 56500. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you.
Sell EURCAD Ascending TriangleThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to the presence of an ascending triangle pattern.
Potential Short Trade :
Entry: Consider entering a short position (selling) below the broken support trendline of the triangle after confirmation. Ideally, this would be around 1.4710 or lower if the price continues to decline.
Target Levels:
1.4655: This represents the height of the triangle, measured from the apex (highest point) to the base (horizontal line), projected downwards from the breakout point.
1.4630: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the triangle, ideally with some buffer around 1.4732. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Sell GBPCHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.1500 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
1.1430: This represents the first level of support within the channel.
1.1395: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.1515. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Sell EURCAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4660 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
1.4616: This represents the first level of support within the channel.
1.4588: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4682. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Buy EURAUD Channel Breakout The EUR/AUD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further gains in the coming hours.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 1.6300 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones:
1.6402: This represents the first level of resistance within the channel.
1.6456: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 1.6290. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you
XAUUSDXAUUSD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
Buy XAUUSD Channel BreakoutThe XAU/USD pair (spot gold) on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further price increases in the coming hours.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 2320 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the following points:
2373: This represents the height of the channel, measured from the channel's base (opposite trendline) to the breakout point, projected upwards from the breakout.
2410: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 2290. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you.
Sell CHFJPY Channel BreakoutThe CHF/JPY pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined channel pattern.
Potential Short Trade :
Entry: Consider entering a short position (selling) below the broken support line of the channel after confirmation. Ideally, this would be around 169.90 or lower if the price continues to decline.
Thank you.
Sell USDCHF BreakoutThe USD/CHF pair on the M30 timeframe presents a possible shorting opportunity due to a recent breakout from a pattern.
Potential Short Trade:
Entry: Below the broken level, ideally around 0.9140 after confirmation of the breakout. Confirmation could involve a retest of the broken level as resistance or a sustained move below the level.
Target Levels:
0.9060: This represents a potential initial target based on a measured move approach (distance from the breakout point to the pattern's height).
0.9024: This is a further extension of the downside target.
Stop-Loss: Place a stop-loss order above the broken level, ideally around 0.9155. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
Sell GBPJPY BreakoutThe GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined pattern.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level, ideally around 192.80. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at key levels below the breakout point:
190.96: This represents a potential support level based on previous price action.
190.26: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support level, ideally around 193.00. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Sell GBPJPY CPI DataThe GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish wedge pattern. This suggests a potential acceleration of the downtrend and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support line of the wedge, ideally around 192.80. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the following points:
190.72: This represents the height of the wedge, measured from the wedge's peak to the breakout point, projected downwards from the breakout.
190.20: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the wedge, ideally around 193.00. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Sell EURAUD Triangle BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a triangle pattern.
Potential Short Trade :
Entry: Below the broken support line of the triangle, ideally around 1.6570 after confirmation.
Target Levels:
1.6477: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected downwards from the breakout point.
1.6420: This is a further extension of the downside target, based on the height of the recent price movement.
Stop-Loss: Place a stop-loss order above the broken support line of the triangle, ideally around 1.6610. This helps limit potential losses if the price fails to break out and reverses upwards.
Thank you.
SOLUSDTSOLUSDT is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
Sell EURCAD ECB Interest RateThe EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4700. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
1.4656: This represents the first level of support within the channel.
1.4628: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4720. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
Buy GBPCAD Channel BreakoutThe GBP/CAD pair on the M30 timeframe presents a potentially interesting situation with a bullish channel breakout pattern.
Potential Long Trade :
Entry: Above the broken resistance line of the channel, ideally around 1.7175 after confirmation.
Target Levels:
1.7244: This represents the height of the channel, measured from the apex (highest point) to the base (opposite trendline), projected upwards from the breakout point.
1.7272: This is a further extension of the upside target, based on the height of the recent price movement.
Stop-Loss: Place a stop-loss order below the broken resistance line of the channel, ideally around 1.7145. This helps limit potential losses if the price fails to break out and reverses downwards.
Thank you