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Channelbreak

j.Hejazi | EURUSD Bearish Trend AheadThe EURUSD has hit the bottom boundary of the ascending channel and the 1.07150 support level as well as the 50-day moving average. Currently, it is attempting to test the 1.08350 level in order to form the first lower low, or possibly the 1.09000 level to form a head and shoulders pattern. Ultimately, if the price fails to produce a higher high, a bearish trend is likely to follow. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
3
The Daily Key Levels to Watch for MCDOn the daily chart, MCD is trading within a descending channel extending since October of the year 2022 and also trading on both sides of the crucial EMA-50, and around the swing level at $267.98 (Fibonacci level 78.6%). The breach above the previous two lines usually leads MCD towards testing the top of the descending channel, as well as retesting the support below the channel when breaking below them, so they are critical lines that may determine the trend within the channel. On the bullish side, if MCD managed to breach above the descending channel and hold above it, then the level of $275.71 would be the initial target for the breach, and a further breach above it might also may signal the potential upcoming upside movement after the breach. Also, the levels between 279.90-281.67 would also be the next targets for MCD. If the MCD also managed to stabilize above the previous targets, then the Fibonacci extension level near the $300 level would be the farthest target, and that maybe followed by pullback to the level of 281.67. In the bear case, a breakdown below the crucial support area between EMA-200-100 as well as the dynamic support level and the Fibonacci level of 61.8% (the orange shaded areas), may invalidate the previous bullish hypothesis, and may push MCD to decline further towards the levels of $251.75-249.67.
NYSE:MCD
by SamerHa
USDJPY: BULLISH The USDJPY currency pair has recently experienced a significant price movement, breaking through key liquidity zones of 131.575 and 131.11, which were previously defined on the 12th and 24th of January respectively. This price reaction can be attributed to various fundamental factors that were reported in the previous week. The overall trend of the dollar index, which measures the performance of the US dollar against a basket of other currencies, has been showing signs of strength. This, in turn, has had a positive impact on the USDJPY currency pair. To determine the next steps in this market movement, it is essential to monitor the final price fixation above the previously broken level. In my analysis, I anticipate the continuation of an upward trend for USDJPY, with short and medium-term targets set at the resistance/liquidity levels of 134.37 and 137.29. In the meantime, I'll wait for a correction to a suitable area, then I buy. The Long-term target is set at 140.00. These levels have been determined based on an in-depth market analysis and are subject to change as market conditions evolve.
Long
by Samuel124
2
j.Hejazi | EURUSD: Bearish OutlookOn the weekly and monthly time frames, EURUSD failed to break above the yearly trendline, which serves as a strong resistance. There was also rejection at the 100-week moving average and the 50% Fib level. On the daily time frame, the rejection was more clear with the presence of the upper line of the ascending channel and the 1.09000 resistance level, as well as a negative divergence on the MACD indicator. If the price breaks down below 1.07650, which would also break the ascending channel, this will be a clear sign of a substantial move to the downside. ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
2
GBPJPY > Traders Still Distributing GBP, Expect to See 157.00!!Analysis of #GBPJPY Hi traders, today we will have a look at #GBPJPY in this consolidation pattern as you can see it's kind of the traders are distributing the GBPJPY slowly and buying the Yen. I expect the Pound to keep going down against the JPY at least to test the trendline support near 157.000, right now in the 15 minutes time frame the market is forming a flag pattern that usually breaks to the downside. Today you know we have the interest Rate news coming from the bank of England so it will be risky to be in a trade before the news, Trade safely I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
21
Beyond Meat - The Vegan Short SqueezeIf looking at last year's POC of BYND, you can notice we have been oscillating above and below that $15 range since September 2022. BYND has been in this slightly sloping downward/sideways channel with the most recent low being the bottom of the value range, building a nice base for a move higher. In recent days I've noticed some unusual options activity in a handful of highly shorted names and this is one of them. Paired with bullish bets on these names with some sizeable money, overall indices this week finished on a strong close going into next week. Above this $17.00 level on BYND is a volume gap where significantly less volume has traded as only 4 days moved it through this zone last year. These voids can sometimes fill rather quickly when price starts moving back through them. In conjunction with this, LBR MACD has a first cross which can be a long buying opportunity, with an RSI that has recently cooled off from overbought. Today I opened a long BYND position. This is in anticipation that we test the upper part of the channel again as well as that $17 area, possibly getting into the gap. Mix in the fact that this stock has a float nearly 40% short, with earnings a month away; there could be a short squeeze over the next few weeks in this one.
NASDAQ:BYNDLong
by Cheesy-Bean_and_Rice-Burrito
5
$GBPCHF$GBPCHF - A break to either direction! We had a pull back finally in the market, AUDCHF came down and various other markets such as ES, GBP etc. Now I'm going through minor FX pairs this is a break either direction. We are within channel, added alerts in to either direction of break. If we were to go above and carry on within channel expect 200 EMA target areas. If we were to go below and beak down - 1.11600 / 1.11400 areas is a good target area. Don't forget to trade your own plan! Trade Journal
by Trade_Journal
1
XAUUSD: A Bullish Breakout Idea Bearish Indications • Resistance Zone at 1821.42 • Significant Resistance Zone at 1846.90 • Seasonal Analysis shows DXY remains bullish in January at 60%. • No Divergence spotted. • As per analysis DXY is moving towards a bearish trend. Bullish Indications • Higher Highs and Higher Lows • Three White Soldiers • Significant Support Zone at 1814.11 • On a 1-day timeframe AB=CD where the D point is at 1881.27, indicating a reversal after price action reaches that point. • Gartley’s XABCD on 1 hr Time Frame Indicates a reversal in the area of 1815.98 • Seasonal Analysis shows XAUUSD remains Bullish in January 70% • On 4hr timeframe DXY has tested the horizontal Channel support line on several Occasions and breaking it down could start a new bearish trend. • As per the nature of DXY and XAU are traditionally negatively correlated, When the Price of DXY goes down XAU's price goes up. Strategy : Entry Long: 1827.014 TP1: 1845.235 TP2: 1878.105 Stop Loss: 1804.90 Lot Size 0.04 x 2 Risk/Reward: 1:2.25 Manage your Risk/reward accordingly!
OANDA:XAUUSDLong
by adnanmagsi
7
EURUSD - Boom or BustNFP around the corner, will it strengthen USD or weaken sentiment? EURUSD is at monthly channel low, good upside potential (macro) DOW is also at monthly low, be interesting to see what run bullish as it will determine the direction of the EURUSD pair. DOW + Bullish = EURUSD Bearish Negative NFP reports could push DOW into new lows and set the EUR off on it's bull run. Also quite difficult to give an accurate estimate because rates are still so high and with so much quantitive easing post covid from both the USD and EUR it's hard to tell what will happen. Good time for reactive trading, rather than predictive.
by Quantified
6