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Channelbreak

BUY GBPUSD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel Breakout: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signaled continued buying pressure. However, the recent break above the upper resistance line at 1.2610 signifies a potential trend continuation in the breakout direction. Buy Entry: Consider entering a long position around the current price of 1.2582, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 1.2610 and 1.2673. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken channel resistance line, ideally around 1.2560. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_TA_TRADING
1
IBM - The Forgotten StockHello Traders, welcome to today's analysis of International Business Machines. -------- Explanation of my video analysis: All the way back in 2012 IBM created a major top formation by breaking below strong support at $180 and we saw a significant decline in stock price from there. After we then saw a reversal and a breakout in 2022, IBM is certainly back to a bullish market. I am now waiting for a retest of the breakout level mentioned in the analysis to then look for long continuation setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NYSE:IBM
by basictradingtv
1
Sell AUDUSD Channel BreakoutThe AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel Breakout: The price has been trading within a descending channel defined by two converging lines: a falling resistance line and a falling support line. This pattern indicates ongoing downtrend and potential for continued selling pressure. Sell Entry: Consider entering a short position around the current price of 0.6514, which sits close to the broken channel resistance. This could offer an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 0.6485 and 0.6468, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 0.6540. This helps limit potential losses if the trend unexpectedly reverses. Thank you
Short
by KABHI_TA_TRADING
34
HUT - a crypto-mining stock setting up for a long tradeHUT is a volatile small cap in the crypto sector. It has earnings in five weeks and so has plenty of time for a run to the report. On the daily chart, it finds itself in a descending falling more or less parallel channel and testing the lower support trendline of that channel. The last trend down took about six weeks. A Fibonacci 50% retracement would take price to 12 while the top of the channel resistance which is falling would be in the zone of 14. Accordingly, a long trade could be potentially in the range of 55-100% or so over two months or less. The stop loss set below support at 5.3 would provide for a good reward-to-risk ratio. For those who follow fundamentals and catalysts, HUT has a new CEO who is a turnaround specialist. Plan- I will watch to see the short time frame RSI in green cross over the 50 level. I will then zoom into a 60-120 minute time frame and look for an entry point with narrow-range candles also going red to green and then take a long trade with those two targets. There are no options for this stock as far as I can tell.
NASDAQ:HUTLong
by AwesomeAvani
Buy GBPCAD Channel BreakoutThe GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel defined by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure. Buy Entry: Consider entering a long position around the current price of 1.6995, which sits close to the channel breakout level. This could offer an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 1.7071 and 1.7106, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel, around 1.6960. This helps limit potential losses if the price reverses and breaks back down.
Long
by KABHI_TA_TRADING
2
Sell EURUSD H4 Channel BreakoutEUR/USD Poised for Potential Downtrend as Bullish Channel Breaches Lower Boundary. The EUR/USD pair might be heading south, exhibiting a bearish signal on its H4 chart. A recent breakdown through the lower border of a bullish channel pattern suggests waning upward momentum and a potential shift in trend. Key Points: Bullish Channel Breakout: The price had been confined within an ascending channel, characterized by rising support and resistance lines. However, a recent break below the lower support at 1.0900 indicates a potential shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price near 1.0900, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 1.0700 and 1.0585, marking the previous bottoms within the channel. Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the broken channel at 1.0950 EUR/USD News and Events to Watch Next Week (January 29 - February 2): Federal Reserve (Fed) Meeting and Interest Rate Decision (Jan 31): This is the biggest event of the week. A hawkish Fed stance with another large rate hike (75bps or more) and strong economic projections could significantly strengthen the USD against the EUR. Conversely, dovish hints or smaller rate increases could favor the EUR. US Non-Farm Payrolls (Feb 2): Strong jobs growth could indicate a resilient US economy and support the USD. Conversely, weaker data could dampen hawkish sentiment and benefit the EUR. Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛 Thank you
Short
by KABHI_TA_TRADING
13
Buy GBPJPY Channel BreakoutGBP/JPY M30 Channel Breakout Hints at Potential Upside: Buy Opportunity Emerges The GBP/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a channel pattern. This pattern suggests a shift in momentum towards the upside, potentially offering entry points for short-term long positions. Key Points: Upward Channel Breakout: The price has been trading within a channel defined by two rising lines, one for support and one for resistance. This indicates ongoing buying pressure and potential for further advance. However, a recent break above the upper resistance line signifies a potential shift in momentum towards the upside. Buy Entry: Consider entering a long position around the current price of 186.60, which is close to the breakout level. This offers an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 187.48 and 188.17, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel, around 185.85. This helps limit potential losses if the price reverses and breaks back down. Fundamental Updates : BoE Meeting Minutes: Bank of England (BoE) meeting minutes reveal a hawkish tilt towards raising interest rates sooner than expected, it could strengthen the Pound against the Yen. Weaker Japanese Yen: The Yen has been weakening recently due to the Bank of Japan's continued loose monetary policy, potentially supporting a rise in GBP/JPY.
Long
by KABHI_TA_TRADING
26
Sell USDCHF Channel BreakoutThe USD/CHF pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downside breakout from a descending channel pattern could offer a shorting opportunity. Key Points: Descending Channel Breakout: The price has been trending downwards within a channel defined by two falling lines, one for resistance and one for support. This indicates ongoing selling pressure and potential for further decline. Sell Entry: Consider entering a short position around the current price near 0.8620, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 0.8540 and 0.8470, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the broken channel at 0.8700 Fundamental Updates : Stronger Swiss Franc: The Swiss Franc has been gaining strength recently due to its safe-haven appeal amidst global economic uncertainties and geopolitical tensions. This could put downward pressure on USD/CHF. Thank you
Short
by KABHI_TA_TRADING
3
Nifty on 2024 Jan 20 1) On 2023 Dec 4, Nifty had a gap up opening. 2) This gap is 216 points between low and previous day’s high (20507.75-20291.55). 3) And it is 334 points between open and previous day’s close levels. (20601.95-20808.90). 4) Thereafter till 2024 January 16th, Nifty was travelling in an upward channel. 5) On 17th January this channel has been broken, and index closed below the channel. 6) On that day Nifty had a huge gap down opening. Even it tried to recover more than 50% of the gap, but failed to gain, and eventually closed 75 points below the opening level. And it is 460 points below the closing level of previous day. 7) On that day Nifty opened near the lower line of the channel, and closed below the line. 8) On the next day, Jan 18th, Nifty had another gap down opening. After a volatile intraday movement it had a positive closing, recovering 48 points from the opening level. 9) On 19th Jan, Nifty had a gap up opening and a less volatile intra-day movement, and closed with a 7 points gain from the opening level, creating a small a doji candle, showing indecisiveness among market participants. 10) On 19th Jan, index gained 50.45 pints above the closing level of 17th January. 11) Being at 21622.40, it is taking support at 147 square level. (ie. 147*147 = 21609) # If nifty can gain about 100 points more, it can close in the upward channel again, If so, we can expect the continuation of the rally. # If Nifty closes below 21460 level it may touch the 21325 level. If it goes further low it may fall to 21000 level. Disclaimer: This is for educational purpose, not a trade recommendation, I am not SEBI registered adviser.
NSE:NIFTY
by alikoyakk
Sell GBPUSD Bearish Channel GBP/USD has formed a bearish channel pattern on the H1 timeframe, indicating a potential for further downside. Pattern: The price has been making lower highs and lower lows within the channel, creating a downward sloping trend. Sell Entry: A break below the channel support at 1.2665 could be an opportunity to enter a short trade. Targets: Potential bearish targets lie at the support levels of 1.2558 and 1.2498. Stop Loss: A stop loss could be placed above the channel resistance at 1.2703. Factors Underpinning the Downward Pressure: Risk-Off Sentiment: Global markets are facing uncertainties, driving investors to seek refuge in safe-haven currencies like the US dollar. This has put downward pressure on the relatively riskier pound sterling. BoE Policy Divergence: The Bank of England is expected to raise interest rates at a slower pace than the US Federal Reserve, potentially widening the interest rate differential between the two economies. This could further weaken the pound against the dollar. Trading Considerations: Confirm Breakdown: Wait for a clear break below the lower boundary of the channel to validate the bearish momentum and potentially trigger sell trades. Manage Risk: Implement stop-loss orders above the resistance level to limit potential losses if the price unexpectedly reverses course. Monitor Fundamentals: Stay informed about economic data releases and central bank communications from both the UK and the US, as they can significantly influence the GBP/USD pair's trajectory.
Short
by KABHI_TA_TRADING
7
Amazon - Massive Resistance AheadHello Traders, welcome to today's analysis of Amazon. -------- Explanation of my video analysis: With the quite obvious and expected channel breakout in 2016, we saw a rally of more than 500% towards the upside on Amazon. This pump was followed by a retracement back to a previous support level before we saw another bullish reversal. If Amazon breaks back above the structure mentioned in the analysis, market behaviour is bullish and I will be looking for longs. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AMZN
by basictradingtv
3
Buy AUDJPY Channel BreakoutBoJ not changing policy, intensified interest rate differential game: Comments from the country's monetary authorities suggest a new wave of pressure on the yen after three months of easing or ‘recharging’. With the Bank of Japan not changing policy, the yen is potentially under pressure from an intensified interest rate differential game. And this game promises to be more aggressive now than a year ago, as yield spreads between Japan and the US have widened for both short and long-term yields. The current higher interest rate environment is an opportunity for Japan to competitively devalue its currency to support national exporters, which it failed to do in the last decade in the era of zero interest rates. Price breaks the channel now, its good chance to buy now. Thank you
Long
by KABHI_TA_TRADING
6
Nvidia - Higher, Higher And HigherHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: All the way back in 2014 Nvidia broke out of the long term symmetrical triangle formation and entered a crazy bullrun. With the current channel formation on Nvidia, there is a high chance this stock will push higher even more to retest the upper resistance mentioned in my analysis. From there I do expect a correction which could be similar to the one of 2022. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:NVDA
by basictradingtv
5
Navigating a Downward Channel: A Journey to Potential UpsideWelcome to a comprehensive breakdown of the IGR setup – a compelling narrative rooted in technical analysis that may uncover a path to potential gains. Check out the video, as I delve into the reasons underpinning my decision to hold a current position in IGR, while keeping risk management in this turbulent market in mind. Firstly, we explore the mechanics of a downward channel, often considered a bullish indicator, which is poised for an upside breakout after several touches against resistance. I'll guide you through my anticipation of the stock's trajectory towards a target, accompanied by a strategic management of entry and exit points. My approach combines a tight stop loss coupled with a keen eye on partial profit targets, ensuring a balanced risk management. However, the analysis doesn't stop with patterns. The setup also encompasses fundamental factors that add another layer of interest – notably the stock's consistent history of dividend payments through market upheavals, even during the 2008 crisis and the tumult of 2020. We ponder the implications of a sizeable estimated dividend yield that provides not only trade value but also potential for long-term holding as a dividend stock. Additionally, insider buying acts as a crucial signal in our evaluation, hinting at the confidence held by those with intimate knowledge of the stock’s inner workings. The final piece of our analytical puzzle extends to examining the weekly chart, revealing a pattern that suggests bullish sentiment, supported by a strong trend line dating back 16 years – an invaluable insight for those studying long-term support levels. Remember, the choices traders make must be informed by rigorous research and consultation with financial advisors where necessary. This exploration is intended for educational purposes, offering a peek into the strategic thinking that informs intelligent trading decisions.
NYSE:IGRLong
by AcornWealthCorp