Channelbreak
USDCAD - Bullish BatThe candle has broken and closes above the bearish channel on its daily chart, it shows a potential change of trend, on top of that the Bullish Bat Pattern is about to form up. I will wait for candlestick confirmation at 1.2518 for a trend reversal trade.
$UKX Hourly - Backtesting channel break We are currently testing Friday's channel break. Good RR levels to go long for those who currently don't have a position. Nice gap at 6780 I would like to see filled, as well as the full target of the bull flag and inverse H&S of 6870. We have seen some month end selling during the previous few months which is something to keep an eye on and more reason to keep stops tighter. On the other hand, this month may be different given it is tax year end in the UK. Summary: Long with a tight stop
MONSTER BEVERAGE 1D BULL FLAGBull Flag is a Range pattern that is a repeatable trading chart patterns.
Bull Flag chart patterns will have a directional bias (Short) depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Parallel Channel Breakout (LTCUSDT)I hate to say it, but we have to be realistic lol. The breakout could still be a massive fakeout, although I think its real. I don't like to bet against crypto market, but I think it will go lower. Here are three possible price targets that I have in mind, cheers✌️💫🚀
Nasdaq Broken TrendNot sure if this will be a back-test of that broken channel and "Tech" primarily will see even bigger discounts in the next few days, time will tell. Don't get me wrong, for all the counter-signalling of "High flyers," and "Tech" there are some great companies, even some of the ones with stupidly high PEs, just a matter of when to buy those ones. There are also some excellent value plays, even ones that pay. BST will probably stay in my portfolio forever, and I would look to add to it should available capital and price meet somewhere along the line.
Also not short, but this would have been a great play via derivative, a week ago when it started. Too busy buying however to distract myself with such things.
NIFTY LONG INTRADAY 4 MAR,2021Dear trader,
If u look at the chart of NIFTY (analysis based intraday only) the NIFTY support 1 at 14950 and support 2 at 14500 and resistance at 15130.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis. channel forming huge green candle. FII and DII figures turns positive. It appears the trend will continue
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
EURCHF breaks multi channelChart says it all, if you have questions feel free to ask in the comments.
Ascending Triangle forming to break out from the multi year descending channel. We hit the resistance zone and the turned right around to confirm the channel break. We have confirmed the channel as support on the lower time frames. What we are looking for now is a weekly close on or outside the channel.
Bullish target indicated by the grey box which lines up with the Ascending Triangle Target, the weekly 200 sma, and the fibs.... I love confluence.
AUDUSD LongAUDUSD Daily closed above the descending channel.
There is a possibility that the trend will continue to the upside.
Keep an eye around 0.77300 for a confirmation to the upside to enter the trade.
This area will either show a retest of the channel or fall back in to the channel as a fakeout.
So have patience !
Ethereum is in a broadening wedge pattern.Formation of an ascending broadening wedge after a trough
www.centralcharts.com
This type of pattern appears during the correction in a bearish movement, it is a bearish continuation pattern. Resumption of the bearish movement after correction.
The break in the support line definitively validates the pattern.
The price objective is given by plotting the wedge’s maximum height onto the breaking point
NB: pullbacks are harmful to the pattern’s performance.
Statistics of the ascending broadening wedge after a trough
- In 79% of cases, the exit is bearish.
- In 23% of cases, an ascending broadening wedge occurs in a consolidation movement.
- In 81% of cases, the pattern's price objective is achieved when the support line is broken.
- In 40% of cases, the price makes a pullback in resistance on the ascending broadening wedge’s support line.
From www.centralcharts.com
Channel breakout + Vegas tunnel + Fib retracementuse Channel breakout strategy and Vegas tunnel to define trend right now.
CRVUSDT breaks out bearish channel, 1 Dollar is ahead!price did substitute red channel with the green channel and is moving in its area, we expect to see upper peaks, you can see more Information is the pic
EGLDUSDT is inside an ascending channel 🦐$EGLD.X and the price bounced on 0.618 Fibonacci level. IF the price will have a breakout According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
DLB move up and channel breakNYSE:DLB
Since the COVID-19, the DLB created nice and steady channel witch helped the stock keep a good uptrend.
Few days ago, the channel broke up, and now the stock start using the resistance line as support line.
If that happend - I will buy the stock for a long ride, and place my 'take profit' order after 15% profit - around 105 dollar per stock.
Of course, buy this stock is by your own risk.
keep you all trading :)
EURJPY LONG Before my holidays, I give you a mini analysis of the eurjpy, we are in a channel, we place supports and resistances and we let the market do its thing, in addition to being helped by the candles : ) FX:EURJPY
USDJPY SHORT NEWWe recognize a bearish channel so we go short, it helps us to know that we are breaking a triangle pattern.
Good luck!
FX:USDJPY
GBPCADThe market managed to get out of the channel.
Wait for the retest to complete and then you can place a sell order in the market.
Our target is 1.684
