Potential price breakout of a reversal channel towards a key support area. Counter movement: If price breaks current resistance area upwards, retrace and form new support area; then price will potentially move towards a key area (previous lower high on the daily timeframe). Place pending orders above and below resistance area and let the price play out.
On AUDUSD Price is currently trading within a well-defined ascending channel on 1HTF, inside a 4HTF ascending (reversal pattern) this gives an additional confluence. Waiting for price to test the upper dynamic trendline that serves as my support before going short. If you found this helpful, please support your fellow trader with a like.
Rejection of downsloping supply line fakeout of former support with bearish engulfing candle confirmed daily bearish divergence
GAIL taking support #trendline & #supportline it looks like channel pattern so we can go for LONG (BUY) target #upperresistence line...
After a big rise on the daily chart LUNA is looking for the bottom to continue its trend giving us a great buying opportunity. Indicators Used *Fibonacci retracement *RSI lvls *MPVR About the BEARISH CHANNEL graphic pattern Channel of a pattern where the asset loses funds but has no downtrend continuity. It shows a depletion of buying force and tends to...
Consider spotting long opportunities in gold, after bullish signal pattern around channel, sniper move, manage your risk reward well...
NYSE:K - RSI low - MACD reversing - On strong volumes might even break the downward channel - Buy price $ 62.28 - 1st target $ 66.00 - Stop loss $ 60.00
Yo Traders! Gold might fall down! Look to sell after a breakout it's made. Please check a candlestickpattern like a bearish engulfing or a shooting star, after the confirmation you can enter in the transaction. You can see that the volume of buyers dropped wich means a big return might come. Be very careful! If you support this ideea, feel free to comment below...
It's just a simple analysis, no one can predict the market! Always Trade your plan.
One of the pairs on my watchlist, i see huge potential up move up to 1.90.
This descending channel meant you could have been buying at every bottom trend line touch with take profits once it hits the top. Risky moves were selling from the top to the bottom VERY close to major support structure area. BIG BUY coming up DON'T miss this - an UNCOMFORTABLE lot size on this move will go a LONG way in proving that patterns are KING! "IF YOU...
We are in Down trend from start of March. (pattern within larger pattern) But we close to daily line of major assending channel , be careful, it might broke down on 3rd touch (because its reversal MAIN pattern) But lowering down to 4h/1h you follow up with desedning channel and try to go long on break of that (short term) Big Potential is on break of main...
Waiting for channel to breakup and THEN enter the market
Strong resistence-area at 78.75. The share did rally twice with strong momentum before to the area, but failed to break it. Nice setup for double-top might be built by the closure of this weeks session. If today's close-price stays under 75.50, position will be opened at upcomming Monday. I like the huge trading zone, providing a considerable chance-risk ratio....
This is a model of the retrace from the dump to 7480. The double bottom at the vicinity of 7500 and the bounce have formed a narrowing channel heading to the first fibonacci level of 0.382 just under 7800. This should be considered a short-term entry for a short or close for longs opened at 7500-7600. After reaching this target, further upside as high as 8k is...
The 4-hour chart of AUD/CHF is currently in downtrend. It has also formed a down channel within the downtrend which indicates further weakness. As per our analysis,we expect the bears to return strongly at this price point and expect further downside.
AU is looking to long to 200ma, i think its going to get near 75.000 and then short down to my channel bottom (73.xxx). last week price double bottomed back into week open range and closed up, but not over the open of the week, still think it is showing bullishness but over all i am looking to short AU, maybe in the coming weeks. AU monthly is in a established...
As the price retraced from the supporting trend line, the long position can be the choice.