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Bullish Trend Line

USDJPY Short - Break-Below of Rising TrendlineSince USDJPY recovered from a sharp fall, it was on the rise within a rising channel as seen in D1 chart. The price has made 2 waves of bullish trend in order to form a rising channel and the price is seen making retracement from the top of the channel. In the H1 chart, the rising trendline which has supported the price to the top of the rising channel was broken below. The price has then retraced once after the break-below and awaiting the 2nd wave of retracement that's expected to be completed within the supply zone. Consider selling USDJPY as the price reaches between 110.7 - 111.00.
by AlgoVenture
GBPAUD possible Long opportunity!Hello traders! In the last month and a half the GBPAUD has created a Bullish trendline. The price of the GBPAUD is getting close to this trendline again, and so we should expect a bounce up from this trendline, when the price gets there. The Long situation is even better because the RSI is Oversold and MACD is dropping down and it might be forming a cross. In this trade I would suggest placing your stop under the last lowest level of trend continuation and placing limit order below the resistance area, that I have shown on the chart. I wish you the best of luck with your trading :) .
Long
by JanMachacek
USDCAD Sell IdeaH4 - Price has reached the first critical zone, bearish divergence. If the price moves lower and breaks below the uptrend line, we may then start looking for sells with more bearish evidences. Alternatively if the price breaks above the first critical zone then the next area to look for bearish evidences would be the second critical zone. Currently the most recent trend line is the one I have marked. Alternatively if the price moves higher towards the second critical zone and If we develop a valid trend line on H4 while getting another push up, we can use it as well.
Short
by VladimirRibakov
GBPUSD Buy IdeaH4 - Until the uptrend line holds, we may expect the bullish momentum to continue and the price to move higher further. H1 - We have two critical zones and the price has reached the first critical zone. Until this zone holds, we may look for bullish evidences and then start looking for buys. Alternatively if the price breaks below this zone then the next area to look for buys would be the second critical zone with bullish evidences. Invalidation: If the price breaks and holds below the H4 uptrend line then this setup will be invalidated (false breaks can be neglected).
Short
by VladimirRibakov
2
BTCUSD: Shallow Retrace Hints At Break Out To 7500.BTCUSD update: Price is hesitating just under the bearish trend line that has been established since early August. While at the same time, the bullish trend line is also still intact. Which way is it more likely to go? In my recent Bitcoin article on S.C., I explained the increasing risk of retrace as price pushed into the 7Ks. There is no reason to buy into a high, but there are occasional exceptions. The previous candle has closed as a pin bar. By doing this, price managed to maintain the bullish trend line. This is a sign of strength and a likely continuation pattern similar to an inside bar. When a market sells off it usually happens fast. The fact that price is holding up certainly supports the bullish argument. It may also be the result of the coming holiday in the U.S. which often unfolds with lighter volume across all major markets. In summary, if the current structure holds, this market is poised to break higher. The trade would certainly be an aggressive one, and those details will be shared with our members. We are not one to buy highs, but shallow pullbacks are an attempt to retrace. If the market can't retrace, it is saying that the bulls still maintain control. The 7500 area is a reasonable expectation if a continuation break out occurs. A close below the bullish trend line will negate this scenario. Begin with the idea and then let the market choose to validate it or not.
BITFINEX:BTCUSD
by MarcPMarkets
15
The BTC price again broke out of the downtrend lineThe BTC price again broke out of the downtrend line of the descending triangle, which is a bullish sign. The critical level to watch on the upside is $6,960.oo If this critical resistance is crossed, the Bitcoin will pick up volumen and move up to $7,500.oo and $7,800.00 them If the bulls fail to broke the $7,000.oo level, the bitcoin will spend some more time in a bottom formation. On the downside, the critical support zone is $6,000.oo. If this breaks, lower levels of $5,500.oo The MACD indicator show us uptrend movement.
BITSTAMP:BTCUSD
by Frankl83
Bitcoin trendline 2017 retest Bitcoin is seeking a retest of the 2017 trendline (purple top line) through an rising wedge (bearish). Therefore, I will short on the retest of this line or even more, which I think is more likely, in breaking the bottom line of the wedge, in red. The targets of the shorts are the purple and yellow lines just below. We can exceptionally try to retest from the bearish trend line (next green line above). In this case, we will be attentive to the possibility of the 2017 trendline to hold. Stops short as soon as it invalidates the trendlines. Let's follow.
BITFINEX:BTCUSDShort
by buenoeguimaraes
USDCHF Sell IdeaD1 - Price respecting downtrend line so far. We may expect the price to respect this dynamic resistance again and if it respects, we may expect it to move lower. Hidden bearish divergence has turned into continuing bearish divergence. H4 - Bearish divergence, perfect uptrend line. We may start looking for sells with the breakout of this uptrend line. Note: False breaks of the downtrend line are acceptable. If the price breaks above this downtrend line and holds above it, then this setup is invalidated.
Short
by VladimirRibakov