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Channeltrend

AMD - Correction of -40% over?NASDAQ:AMD just created a new all time high, however we have to be quite careful now. Volatility is the basis of every major trading position and trading profit. Advanced Micro Devices is just such a stock which offers volatile swings every now and then. Currently Advanced Micro Devices is retesting the previous all time high which is now acting as support. I do expect a move higher but there is simply no good risk to reward setup at the current levels. Levels to watch: $155, $110 Keep your long term vision, Philip - BasicTrading
NASDAQ:AMDLong
by basictradingtv
11
Bitcoin - Half way to the $200.000 target!BITSTAMP:BTCUSD is consecutively retesting the previous all time high and breaking out soon. You all know my life motto: Keep your long term vision. This is especially true when it comes to trading the major swings on Bitcoin. These very volatile short term moves will always give you a false perception of the underlying trend. And the underlying trend on Bitcoin is bullish, despite the recent back and forth at the previous all time high. I do expect a major bullish breakout soon. Levels to watch: $67.000 Keep your long term vision, Philip - BasicTrading
BITSTAMP:BTCUSDLong
by basictradingtv
8
Nvidia - Still waiting for a correction!NASDAQ:NVDA is clearly overextended but still not bearish at all on the smaller timeframes. If you watched my previous analysis on Nvidia, you know that I have been bearish for quite some time and totally wrong so far. But there was never ever any single sign of weakness so I did not take any trade betting on price to go down. Nvidia is still retesting resistance, it is still somewhat overextended and I still do expect a visible rejection away towards the downside. Levels to watch: $140 Keep your long term vision, Philip - BasicTrading
NASDAQ:NVDAShort
by basictradingtv
6
Apple - Caution at the all time high!NASDAQ:AAPL just created a new all time high, however we have to be quite careful now. Trading cycles in an overall uptrend is one of the most profitable trading approaches. You are trying to capitalize on the major upswings and missing out on the major downswings. Apple is currently retesting resistance and probably creating the top of the previous cycle. I am waiting for a move back to support before we will then see the next major bullish cycle on Apple. Levels to watch: $240, $170 Keep your long term vision, Philip - BasicTrading
NASDAQ:AAPLShort
by basictradingtv
10
GBPUSD Medium cycleGBPUSD is in a bullish channel. its have 2 hunts to this channel lines. i think normal time for third hunt is at next 22 bars in 1.29840 price. now if its hunt sooner its show that the power of bearish trend increasing. and if its hunt later show that the bullish trend power is increasing. why do i thinks so ? because i compare that whit its last hunt. also the DXY had strong bearish trend and its resting now. i think the bearish trend can continuo. Its just my personal comment please don't trade whit this. I have no responsibility for your money.
Long
by Arco-ir
Nasdaq - (Bullish) Clarity in two days!TVC:NDQ is now retesting a very important inflection level and maybe attempting a breakout. Parabolic rise or -20% correction over the next couple of months. So far there is a lot of uncertainty as to whether the Nasdaq will manage to break above the current resistance trendline. We simply have to wait for this monthly candle closure as well as the monthly candle closure of July until we can make a clear prediction. So far, everything is still possible! Levels to watch: $20.000, $16.000 Keep your long term vision, Philip - BasicTrading
TVC:NDQLong
by basictradingtv
16
XAU/USD H1 Channel Formation The XAU/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. OANDA:XAUUSD Key Points: Sell Entry: Consider entering a short position around the current price of 2357, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2328 2nd Support – 2309 Stop-Loss: To manage risk, place a stop-loss order above 2370. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
FOREXCOM:XAUUSDShort
by KABHI_FOREX_TRADING
7
Bitcoin - Eventually hitting $250.000?BITSTAMP:BTCUSD is looking extremely bullish despite the recent 4 month consolidation. For more than four months, Bitcoin has basically been moving sideways, experiencing quite volatile swings towards the upside and downside. However we should not neglect the overall bullish behaviour of Bitcoin which is still creating cycle and correction after cycle and correction. Therefore, maybe after a short term pullback, I do expect (much) higher prices on Bitcoin. Levels to watch: $67.000, $37.000 Keep your long term vision, Philip - BasicTrading
BITSTAMP:BTCUSDLong
by basictradingtv
14
Gold - Should we take profits now?OANDA:XAUUSD has been heading higher and creating a strong rally; time to take profits. Gold is still clearly bullish, creating higher highs and higher lows on the higher timeframes. But we also always have to keep in mind, that metals and commodities in general are always following anticipated economic cycles. It is actually quite likely, that after the recent rally of +30% we will now see a retracement on Gold, maybe even back to the previous breakout level. Levels to watch: $2.400, $2.000 Keep your long term vision, Philip - BasicTrading
OANDA:XAUUSDShort
by basictradingtv
2
Sell EUR/USD Bearish ChannelThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0700, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0653 2nd Support – 1.0634 Stop-Loss: To manage risk, place a stop-loss order above 1.0730. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
21
XAU/USD (Gold) Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent formation well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2321, positioned close to the top level of channel. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2296 2nd Support – 2281 Stop-Loss: To manage risk, place a stop-loss order above 2340. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. 🔊 Support by leaving Likes & Comments. Thank you.
OANDA:XAUUSDShort
by KABHI_FOREX_TRADING
23
NVIDIA - Correction after stock split?NASDAQ:NVDA has been one on the strongest stocks of the past decade with a rally of +25.000%. Today, Nvidia had a stock split of 1:10, meaning that for every 1 share of Nvidia, you recieved another 9 shares (10 in total). Therefore, Nvidia stock price was simply divided by 10 ($1.200 / 10 = $120). Nvidia stock is currently retesting a major resistance trendline and is repeating another "cycle pattern" like we saw in 2015 and 2019. A correction is simply quite likely. Levels to watch: $120, $50 Keep your long term vision, Philip - BasicTrading
NASDAQ:NVDAShort
by basictradingtv
17
Nasdaq - We still have to be careful!TVC:NDQ is still retesting resistance after we just saw an expected rally of +75%. More than a decade ago, the Nasdaq entered one of the most profitable and easy to trade patterns: a rising channel formation. In the beginning of 2023 the Nasdaq once again retested the lower support trendline in confluence with a retest of horizontal support and continued its bullrun from there. But currently resistance is ahead so we have to be quite careful and properly monitor price action on the smaller timeframes. Levels to watch: $19.000, $16.000 Keep your long term vision, Philip - BasicTrading
TVC:NDQShort
by basictradingtv
2
S&P500 - Where will we go next?Hello Traders and Investors, today I will take a look at the S&P500 . -------- Explanation of my video analysis: Fore more than a decade, the S&P500 has been trading in a pretty clean rising channel formation. We had the last retest of support in 2022, which was followed by bullish confirmation and a rally of +45% in 1.5 years. At the moment the S&P500 is neither retesting support nor resistance and the path of least resistance is simply higher. -------- Keep your long term vision, Philip (BasicTrading)
TVC:SPXLong
by basictradingtv
4
Gold - Another 15% rally from here!Hello Traders and Investors, today I will take a look at Gold . -------- Explanation of my video analysis: For about four years, Gold has over and over again been retesting the psychological $2.000 resistance level. It was actually just a matter of time, until we see the breakout which happened exactly three months ago. So far Gold is looking very bullish and there is absolutely no reason why this strength should turn around in the near future. -------- Keep your long term vision, Philip (BasicTrading)
FOREXCOM:XAUUSDLong
by basictradingtv
2