Potential Shark Forming 🦈🦈US30 - Looking to complete this shark pattern, we've had a HTF BOS, multiple tests/reject and price is currently breaking the channel, looking very nice for the sell!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Channelbreakoutstrategy
Buy JK PaperJK Paper broke out of a declining channel on 17th Jan 22.
Post that there was a throwback, after which it has made a fresh 55-day high
This signals a resumption of the primary trend
Chaikin Oscillator is also above zero and pointing up
Bollinger Bands beginning to expand outward
Daily RSI at ~67
Recent MACD +ve Crossover on Daily charts
Targets will be 285 - 342 - 378
Stoplosses to be set as per risk appetite. I recommend using 2x ATR multiple
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DISCLAIMER: I am not a SEBI registered investment advisor.
This content is for educational purposes only.
Invest capital at your own risk only after doing your own due diligence
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Potential Shark Forming 🦈🦈USOIL - Potential Shark Forming on a breakout of the channel after the previous break in momentum, price has broken structure on multiple TF's and we do have bullish confirmation for a buy on the LTF (If price holds currently level price will hit targets!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
How To Use The Trading View Parallel ChannelsHey wits, it's currently 1am and I thought why not drop some tutorials cos' it's Saturday. Most aren't familiar with the trading view tools. So, we're here to help.
Watch the clip to get started with the trading view parallel channels.
Leave a comment and smash the like button if you found this helpful.
Bullish bias on AUDCHFWelcome traders,
in the previous idea we had a suggested DB pattern on this pair but it didn't complete ;so after re-analysis a Double top was in play and the target has been achieved successfully last week.
Now as we can see the price has made a deep correction to the neckline of the iH&S pattern retesting it & the broken descending channel , We can look for LTF to see a bullish opportunity and open positions towards the targets of the HTF patterns at around 0.71
an hourly chart :
Good luck and safe trading.