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Channelbreak

Microsoft channel break AnalysisFundamental / Technical / News analysis Microsoft earnings were positive. But they were not enough to break this channel since June 10th. Today we gapped above resistance, breaking the channel. This was caused due to Microsoft winning the JEDI contract from the US government; who beat Amazon, Oracle and IBM cloud platforms. Revenue from the JEDI contract is estimated at $10 billion over 10 years. The value of the contract isn't significant to Microsoft market cap of $1 trillion (1%), specially as it will take a decade to get. However, Microsoft earnings gave Azure (cloud service) a lot of importance. Beating its competition in this area, will boost sentiment. After all... we did break resistance on this specific news! Price talks more than anything.
NASDAQ:MSFTLong
by dorfmanmaster
EURUSD-Weekly Market Analysis-Oct19,Wk3A bearish shark setup out of the downtrend channel poses a treat to this shorting trade. Traders who had engaged the trade and shorted the market like myself chill. I will follow my trade plan the only thing that is different is that I will be alert when the market hit the 1st target and I might gear up for 5-0 pattern trading opportunity to buy. Will have to see how the candle forms up at the 5-0 region. If market bash through of the 5-0 Pattern Zone, I'll then wait for my second target.
Long
by RaynLim
USD/CHF ShortHello Everyone, This is my first Analysis being published. This is what I analyse from my point of view. The currency is FX:USDCHF Weekly timeframe: In the weekly timeframe I noticed a triangle ascending pattern. I'm predicting that this triangle ascending pattern will become a continuation pattern. Also the 200 Moving Average is showing resistance to the candlesticks. Daily timeframe: As for the daily timeframe, I also noticed a triangle ascending pattern. Hourly timeframe: In the 4 hourly timeframe I noticed a bullish channel. But I noticed that the pattern starts to break, and so I do not think that the trend will continue. Minutes timeframe: In the 30 Minutes timeframe I noticed a bearish resistance line in the RSI. That's all I had seen from the chart, I hope my first Idea can help you. And please give feedback if I have a flaw in my analysis.
Short
by Hypebert
USDCAD Weekly Showing Strong Bearish SignsDollarCad Weekly Formed A Bearish Engulfing CandleStick Formation after breaking out of its long term channel, USDCAD already retraced back up creating a lower high and now we have this bearish candlestick formation with a counter trend line break. the daily seems to be a little low already and might retrace, I don't plan getting out since its the beginning of the move from the weekly, what Im planing to do though if it retaraces on the daily I might look to add to my position. if you not in yet I would say probably the best thing to do is to wait for a pullback, Risk Disclaimer I'm not telling you what to do im just saying what I would do. I Wish You To Make Lots Of Money
Short
by ElyaStein
USDCAD Channel Breakout USD/CAD Weekly and Daily time frame broke out from its long term channel and making lower lows and lower highs, we already have a pull back after the breakout, you can spread your down fibonacci to get a clearer picture of the lower lows and lower highs, if you spread your fibs on the Daily you will notice that we have a 0.618 pull back with a counter trend line break, having all this facts makes it enough big of a case to consider looking for short trades. now if you go down even further to the 4 hour chart, you will notice a volume spike with a small body candle and a long wick, which that indicates that a bog fight was happening at that level which adds more confirmation for a short trade. In conclusion: We Have 1)Weekly/Daily Channel Break 2)Lower Lows & Lower Highs 3)Daily 0.618 Pullback 4)Counter Trend Line Break 5)Volume Spike On The 4 Hr P.s if you look at the monthly you will also notice that we have there a bearish candlestick formation and this was the test of the candle. if you see anything different then what I saw please comment and let me know what is it that you see that I missed... Thank You Easy Trading To You All!!!
Short
by ElyaStein
Tata Elxsi Trade Setup for 24 Aug 2019Reason(s) for Trade: Stock was moving in a channel range RSI Positive Divergence Channel Breakout with Average+ volume is seen Trade Setup: Buy if goes above 654.00 For more study & analysis update, join ProfitPattern over telegram - t.me Disclaimer: ProfitPattern is a purely educational Research unit and not a SEBI registered analyst/adviser. Please be noted that Risks/losses are associated with stocks trading; and it's all your acts & liability.
NSE:TATAELXSILong
by AnilAwadh
1
LTCUSD 4H DESCENDING CHANNEL TRADESRanges, Descending Triangles, Triangles, & Ascending Triangle are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias 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 average volume for a full position size. b - If 75% of average volume then ½ position size. 2 - Enter two trades. 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 - 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.
COINBASE:LTCUSD
by Tradingstrategyguides
2
AUDNZD 1D DESCENDING CHANNEL BREAKOUT TRADESDescending Channel is a range chart pattern Descending Triangles, Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias 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 average volume for a full position size. b - If 75% of average volume then ½ position size. 2 - Enter two trades. 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 - 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.
Long
by Tradingstrategyguides
BTCUSD 1D BULLISH FLAG CHART PATTERNBull Flag chart pattern is a type of range parallel channel. Long bias Descending Triangles, Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias 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 average volume for a full position size. b - If 75% of average volume then ½ position size. 2 - Enter two trades. 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 - 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.
COINBASE:BTCUSDLong
by Tradingstrategyguides