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Channelbreak

GBPUSD Price In A ChannelGBPUSD price action is now very sideways and a clear channel has formed which is around 150pips in range. Looking at price today, I can see it is now back at the 1.26500 resistance. There are 2 potential trades here, if price rejects this zone and forms another high then shorting should work well. Alternatively, if this 1.26500 resistance is broken then a retest and long trade could prove profitable. I personally will look for a 4hr candle break or rejection before entering a position in either direction.
Short
by UnknownUnicorn772665
4
AAPLAAPL seems to have been one of the main catalysts in yesterday's surprise market dump. AAPL has been trading in a bullish channel since April, going from the mid-230s to almost 400. Along the RSI, AAPL has lately been a little overbought but maintaining well. That changed today when a panic sell forced it tumbling, wiping out almost the entire month's gains. The RSI being as high as it was, along with the MACD crossing below the signal line may have also provided some reasoning for shareholders to sell aside from news impacting the overall market. Additionally, after today's close, the ADX has begun to move downward. When the ADX is above 20, it indicates that the stock is forming a trend (typically as the ADX moves up the stock is in an uptrend). As we can see in AAPL's case, it is now starting to move down. This tells us the AAPL's trend may be starting to lose its strength and begin a downtrend before possibly falling back under 20 and having no trend at all. Should the indicators continue to keep at the rate they are, AAPL should look to consolidate and possibly move further down. However, earnings for AAPL's ER is just around the corner, and some further volatility may be in store.
NASDAQ:AAPL
by nmatto
USDCHF - Understanding Extreme Areas in a ChannelHi Traders! The market is in a Downtrend. As you can see we here drawed three Parallel Channels. Let's go into it: The Parallel Channel with the most touches is the (purple) one in the middle. This is our "main" Channel, which is respected by many Traders. It is the most valuable. However, we also have to other Parallel Channels. Outside the "neutral Area" we had some False Breakouts. The market broke out, but came in again quickly. Yes, you can extend the "main" Channel to the highest and lowest Points so it is only one Channel. It'll be still valid. But we want to share with you the secrets: You can here identify "oversold" and "overbought" areas - such as at the RSI-Indicator. The Upper Channel starts from the Top of the "main" Channel and goes to the highest Points; and vice versa for the Lower Channel. When the Price reaches the Upper or Lower Channel you can expect a potential Reversal. Let's come to the idea, which has less to do with Parallel Channels. Now the Market is at an important Resistance. Because of the Pressure the market is giving to the Resistance, it won't be able to hold. The idea is to trade the Breakout towards the daily Resistance. It is the last Swing Low of the daily Price. We recommend to trade the Breakout with a Retest. Thanks and successful Trading :)!
Short
by swissmoneymakers
Thought on ETH/USD??Great Rising trader! ETHUSD is looking to have some drawback to the key area on my chart. I expect price to reach the key area, and rise for a nice profit on this beautiful Saturday! If you take a look at my chart on the daily time frame price broke out of the ascending channel that it was in, and moved towards the bears. This is just a thought that I am sharing ; what do you guys think will happen? I am going to set a sell stop or buy stop according to what price does, and ill be updating my post as everything unfolds. Enjoy the rest of your morning! Do me a favor and Like the post, and also leave a comment if your also trading ETH/USD this weekend. ****LOBFX Master Educator: Christian Jones IG: CM.J11 Facebook: Christian Jones *message me here
BITSTAMP:ETHUSD
by lobfxempire
USDJPY - Break of Parallel Channel - Risk 1$ to make 2.70$Hi Traders! The market is in a Midterm Uptrend (50MA). As you can see we here have a very central Trendline. It is very important to determine the future behavior of the market. So, we see that the market was pulling back every time downwards after it reached the Trendline. After the Breakout we are at the first time above this Trendline. It is testing this broken Trendline and doesn't get under it anymore. ( bullish signal ;) ) In addition it is starting to make higher highs and higher lows. These factors are all significant signals to determine a potential Trend Change! Thanks and successful Trading :)!
Short
by swissmoneymakers
EURUSD - Daily Channel Break from 2018! - MTFA with ScreenshotsHi Trading-Community! The market is in an Uptrend. Key Levels: Multiple Time Frame Analysis Resistance "Weekly Resistance" @ 1.17449 Daily Trendline + Parallel Channel - descending, resisting Parallel Channel "Retracement" - descending, resisting (completed) Rectangle "Consolidation Box" 200 Expontential Moving Average Category: - MTFA - Trendline Break - Channel Break - Trend Continuation - Bullish Flag Pattern Description: First of all, let's zoom out the chart and see the bigger picture. That can help us to identify in which stage we are: This is the daily Timeframe. Here we can see a clear Parallel Channel. In between them there are some other valuable Trendlines. These Trendlines are Guidelines for Buyers and Sellers to identify the cheapest and the most expensive Prices. Pay attention to the start time: This Channel is valid since March 2018! The upper and lower Levels are the strongest Levels and that is where we are now: We are now at the Upper Trendline and expecting big movements coming. Why is the market behaving differently now? As mentioned before, we are at the extreme and normally the market would fall down and leave the "Overbought"-Area. But at this moment the price is just consolidating near the Upper Trendline. That means, that there are Buyers at the Upper Trendline who are still buying - of course a suspicious thing. When the Buyers are buying there, this price isn't "expensive" anymore. Sellers are trying to push the price lower, but they aren't successful. Let's look at our normal H4-Chart: You can see one Up-Movement, than a Retracement in a "Flag"-Shape (descending Parallel Channel). The price even left that Channel and is now at the Daily Trendline in a Consolidation Box. When the Breakout occurs, the Bullish Flag Pattern would be valid. And there is a strong bullish indication on the lower Timeframe too: The market is making higher highs here. In addition, it is consolidating at Resistance. The Entry Trigger is the Retest of the Breakout. Our SL is under the last Swing Low. The TP is at the Weekly Resistance. We recommend to trade the Breakout with a Retest! Thanks and successful Trading :)!
Long
by swissmoneymakers
1