EURUAS 15M CHANNEL BEARISH BREAKOUTPrice in ascending channel and has failed to make a new high
Price may bounce bullish at any of these levels shown
If price continues to fail through the ma levels then
1st Short trade
1st Sell Stop @ 1.1415
If price breaks below both ma levels then
2nd Short trade
2nd Sell Stop @ 1.1390
Sell TP is @ 1.1363
SL as shown
Watch for Mace to confirm direction by crossing below zero line
Channelbreak
USD/CAD Trading IdeaFundamentally, currency rate will move up because OIL price is going down. Canadian dollar depends on Oil prices when it decreases USD/CAD is moving up always.
Technically, Price can break up downward channel because yesterday was powerful Pinbar which stopped all down move.
I will open buy if the price will break up that channel.
Goals: 1-st: 1.3288 2-nd 1.3348
Push like and Subscribe
EUR/USD Long Setup - Breakout of the channel on the H1 showing price structure being taken out and supporting this bullish sentiment.
- Bullish divergence on the H4 using stochastics implying the bearish momentum coming to a halt and that we are in the mist of seeing a reversal after testing the lows of 1.1450.
- Clear rejection of the weekly support level on the D1 with a long legged doji, almost a dragonfly, which we saw yesterday on the daily closure.
- Targeting just above the 1.1600 level to my H4 resistance level with around 115 pips to be gained with a 70 pips stop loss.
Bullish on bitcoinExperimenting with the simple regression trend: drawing a point from ATH -0.20% to current price.
Bitcoin -4.07% has more or less obeyed this trend channel and recently in July it has broken above it and stayed above.
Once we head down to 5379 we may see a bounce in order to keep the bullish narrative and have any chance of breaking above the channel.
If we break 5379 we could possibly head into the lower half of the channel.
$ZRX 0x Protocol; Holding position outside channel, moving on upWhile we've watched the boost from recent news fade, it remains to be seen whether 0x has enough momentum to sustain a longer run. Of the projects mentioned, ZRX is virtually guaranteed a spot (in my opinion) on Coinbase due to the fact that the company purchased the protocol several weeks ago. This recent news broke us out of the handle/channel so we'll see if it has enough legs to make more of it. Still a solid LT hold regardless, I'm loading and stashing for a few weeks at minimum. We'll see.
WPRBTC signs of breakoutThe asset moves in the descending channel reducing its value. There were bounces from the current level which indicates a formed support. At the moment the bounce can be repeated as indicates Stoch RSI, hence the price will break the channel and in case of consolidation will grow till the upper edge of Ichimoku clouds. If current support do not hold, WPR will continue to decline and the reversal zone will be around 0.00000750.
You can start buying the asset by small parts from the current moment accurately following instructions in the signal.
USD/CHFUchf is making a tight candlestick channel made up of diagonal after diagonal. It will go up. It is at the 800 Ma on the daily. However the 200 on the weekly is lining up with that fib level below and in this scenario I prefer to see it break out the bottom of the channel. The last wave diagonal it is in can do one more overlap and down. Rather than trying to explain I will just do a quick live stream on my channel. See link below.
SMG Short following break down from channelSMG has recently broken down from monthly trendlines. We will wait for it to recover to volume node and then enter a short position, risking off the 78% fib retracement, which is unlikely to occur. Do not enter position until signs of weakness or target is reached.
GBPNZD : SHORT POTENTAIL Setting UP !!We see the GBPNZD & EURNZD having a near SIMILAR formation currently!
We Favors a POTENTIAL SHORT Position soon, as Price Action is currentlt taking place !
SHORT
GBPNZD
WEEKLY CHART : In a Upwards Channel. Previous week Price BAR - BULLISH Bear Bar !
DAILY CHART : Smaller CHANNEL Within (WEEKLY CHANNEL) shows price Break Down
@ Channel Lower Lines.(Channel Break) Also A Lower Low is notice. (Signalling Potential Downwards Move)
A: SUMMARY – We see a Potential Push of Lower Low, and Lower High formation.
Therrfore a SHORT Position!
POTENTAL 300- 400PIPS Move downward !!
B: This Coming WEEK Analysis:
>H4/H1 Entry , look for Candle formation OR a pull Back , which is in process now !!
CHEERS .. Stay Nimble-TRADE SAFE !!
Let the Market Do, WHAT It is suppose to do !!
Act & Trigger as and when Market Dictate, ie your SHORT ENTRY !!
BTC FINAL ACT TO BEGIN NEW UPTRENDit is common for a trend break, channel break, to be followed by one last test of the down channel line.
this can translate into a new bull trend, or it could trade sideways for a time.
if it gets back below the down channel line then the bear market will likely continue.
I think a successful retest is more likely.
FDC - Downward channel breakout Long from $18.43 to $20.76 FDC was mentioned in our last trading room discussion on May 3rd. Earnings are already reported & it jumped up with the earnings and broke above its downward channel formation. We discussed it will be a possible long if it breaks above $18.43 & it did break that on Friday & looking great so far. We think it will continue upward.
* Trade Criteria *
Date First Found- May 3, 2018
Pattern/Why-Downward channel breakout long
Entry Criteria- $18.43
Exit Criteria- 1st Target $20.76, 2nd Target- Momentum
Stop Loss Criteria- $17.43
Indicator Notes- Strong Twiggs money flow index
Please check back for Trade updates. (Note: Trade update is little delayed here.)
NEO - Possible Breakdown to $80 before rallyHow's it going fellow crypto heads!
Today were going to take a rather quick look at NEO and a few of the technical aspects along with a quick snipit on the fundamentals on why I've remained bullish on the project for quite some time.
Technicals
Semi long term trend established april 6th, return to trend likely by May 5th
Whether we break through the bottom of the current minor channel towards the ATH 23.6% retrace or not will be important to judging its path
Convergence galore around may 5th (long term trend, cycle end, 38% ATH retrace)
Break down to the lower support seems likely based on current path and the prior retrace that broke down out of the channel
MACD, RSI, STOCHASTIC, and STOCHASTIC RSI totally bottomed
Fundamentals
I'm not going to bore the non crypto folks with the story of NEO and all that, but i must mention the smart contracts.
Essentially the driving thing to me that keeps me so bullish on NEO is its presentation of an alternative and possibly more effective smart contract ecosystem than the current ethereum network allows for.
For those unaware, as the smart contract system grows ETH faces continuous scaling issues, many of which NEO attempts to address.
My take on the next week
Likely break down to the $82-$80 range, at which point we'll hopefully see a bounce and consolidation to the $86-$88 range before rallying back into the prior trend channels.
And for the cro-magnon when moon lambo-ers: just HODL, NEO is a solid project lol
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DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Austin Doyle
CTO