GBPAUD Bullish It's in bullish mode because:
-Brook down trend
-Liquidity taken
-Dos not touch the lower channel line
Channelline
trend line vs fed cutgold price are rising making higher high with lows
price is making strong support on yellow trend line
first static support $2530
fomo buyers are happy because trend is their friends
until one day changes everything
2 reasons for gold to reverse, 2 for continuing droppingReason 1 for bullish is, course picked up volume and reverses at daily floor. Secondly RSI in H4 is showing convergence, it could drop further along the floor and then take a turn around.
Reasons to continue are first of all the liquidity gap below our range: As Gold had reached an all time high few weeks ago, it could look towards consolidating in a lower daily channel.
Furthermore, momentum is incredibly strong at an Asian Market hour where less people are aware of the big moves happening. Another reason could be that all contracts from before were skipped in order to reach a lower range.
As long as I do not see clear reversal structure in H1 I would keep looking out for shorts, as those have a higher probability to reach maximum distance.
If course reaches below 2080 with candle close in a significant time frame, I am expecting further dropping towards 2011. (beware of fake outs)
TVS SUPPLY CHAINThis is good time to buy this stock because stock at support level in channel pattern also recently TVS Supply Chain Solutions secured a new business contract from VE Commercial Vehicles (VECV).
The contract involves managing in-plant warehousing and logistics functions at VECV’s Eicher bus factory in Baggad, Madhya Pradesh.
The partnership is set to last for three years.
So we see a good move in short term
Target , SL and Entry on chart
don't miss BITCOIN upside channel in 4H timeframe!!!as we see in our 4H time frame in BTCUSDT chart, we are at the channel floor and we can start bouncing from here to the top of channel.
we can buy or have some long position in BTC as we see good upside movement in BTC.D from yesterday.
2 better and certain price also hinted in chart.
hope that this analyse help you.
simple trend linethis pair is going up inside a parallel channel
trend is bullish until trend line breaks
bearish if trend line breakout
(breakout retest repeat)
$ZETAUSDT 6H | LevelsOKX:ZETAUSDT 6H | Levels
Price deviates below the visible active-range. If it can reclaim the RL, upper levels can be targeted.
trillion dollar parallel channel price is rising inside a parallel channel
once channel breaks everything will change instantly
#CADCHF bullish continuation moveIn the 4-hour timeframe, it seems like the long-term corrective move that started last month on the same day is over, suggesting that we could expect more bullish moves in this pair.
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Short on WTCOn a larger timeframe WTC is in a rising channel, it is at the top of this channel with a rising wedge on bearish divergence on a smaller timeframe. Looking for a retest of support for a entry and a move down to resistance for take profit. GL
#BITCOIN would face important resistance in this regionAs you can see in the chart, we have four bullish trendlines that have contained almost all the price action since the beginning of 2013.
During this time, the price has never gone above the upper line or below the lowest line.
Every time it reaches the middle lines , on the other hand, the price encounters a resistant or supportive force, causing a pause in price movement or a reversal.
This time, too, we could see a reaction from this zone, but we should wait and see if it's going to break above the line or reject from it.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
#CHFJPY outstanding price locationHave you noticed where price is at the moment in this pair and how much downside potential there is in a price.
Price is at 24 years well established bullish channel upper line and with a potential of bearish reversal from this region.
Let me know what you think...
AUDUSD - channeling opportunity both for Long and ShortAUDUSD is in a very visible trading range. In such conditions, Stochastics can be of great help.
In this case, just wait for the price to enter one of these zones. It would be best if the Stochastics is in the overbought or oversold zone, but the price will be enough.
One option for entering is to wait for a trigger bar and then pay with a wider stop loss. A bit more aggressive and I think better in this situation would be to just buy the level.
Wait for the price to enter the zones and just enter with 1 ATR stop or 2 if you want to be safer.
If you measure on the chart you'd see that the 1 ATR stop played out fairly well in most of the situations. There are no sure things here, Folks, but I often like to observe what worked well in the left part of the chart. Often the same zones work, in some charts the same entry bar repeats - the price is fractal.
Target can be the other zone, I'd personally scale out a bit around the middle.
For the longer-term oriented traders - why not scale out half at the opposite zone and leave a runner.
My target as usual would be the 161% extension of the recent pullback which will be the ~ 0.6470 level. (Go to the 4 Hour chart and you will see we are in a downtrend). From the Upper zone to there you have some 140 pips. Imagine entering with just a 1 ATR and your runner hitting the second target. Even on half position that is 70 points.
The ATR as we speak is around 10 so here we speak about some 1 to 7-8 RR trade overall.
These are the ones I hunt for. The probability for the runners is low, but with 1 to 7, you just take the odds.
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.
🚧CHZUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
Chiliz token showing a bullish flag pattern and Head&Shoulder, and also testing descending resistance🧐
Breakout above could spark large upside move up to the $0.55 resistance zone🎯
❗ Note that if the Bullish Flag is broken down with the power of descending candles, our analysis will fail.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
BTCUSD | Long position! Hey everyone!
everything is clear on the chart!
Entry: 41200
TP: 45700
SL: 40200
Duration: Until February , 4th
#Bitcoin bearish breakout of very important trendline
We can clearly see in this chart that the price has reached the upper boundary of a bullish channel, where it would encounter selling pressure.
As a result of this selling pressure, the price on Friday, January 12th, formed a bearish impulsive candle. Following this candle, it managed to break below the short-term bullish trendline that the price had respected in the last few months.
The bearish breakout of this trendline is a second signal, after the rejection from the bullish channel, that we might see further bearish movement in Bitcoin.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long AUDNZDA channel seems to be forming with the two trendlines and there could be a breakout when they meet, possibly long. Not a trading advice
#AUDUSD possible bearish moveIn the daily timeframe chart, you can see that we have a bearish channel which the price reached a few days ago, and since then, it has been trading lower.
Due to this bearish move, price managed to break its bullish market structure in the 4-hour timeframe, and now the 4-hour market structure is bearish.
On the other hand, this recent bearish impulsive move makes us believe that the price can potentially go lower, and as a result, we can wait for retests and bullish corrective moves to participate in the market by taking short positions.
For now, we are waiting for the price to retest its broken level , which previously acted as support and now would act as resistance.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
#NZDUSD bearish possibility move We can see price reaching out to the daily timeframe bearish channel upper line, which potentially can act as resistance for the price.
Additionally, we can spot the formation of a rising wedge pattern in the chart, which is intrinsically bearish and is regarded as a reversal formation in an uptrend.
Another factor indicating the loss of bullish momentum is the decrease in cycle amplitude . A decrease in cycle amplitude in an uptrend is an early indication that there may potentially be underling weakness. (use 4 hour time frame chart for this.)
Moreover, we have a static resistance area that previously acted as support and resistance for the price, making it an important area to observe for price reactions.
It's crucial to note that any breakout from the upper side of the rising wedge pattern or the bearish channel would invalidate this analysis.
For taking a position any breakout from below the rising wedge or changing market structure in 4-hour time frame could give us the entry trigger.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
NZDCADNZDCAD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea
USDJPYIs CHRUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 150.
What you guys think of it?
