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Channeltrend

KBE ( in top of ascending channel ) is ready to shortKBE on the one-hour chart has been in a rising parallel channel for a month. It is now near the the top of the channel having pivoted within the past few trading sessions. The MACD which is no lag shows a line cross above the histogram while the RSI is topped out as it was on May 23rd the most recent previous pivot downward. I see this as a short setup. The stop loss is at the recent pivot high while the target is $35.15 at the bottom of the channel and somewhat confluent with the POC line of the volume profile which is a natural bounce and reversal value. I would also short the banks by going long on BNKD which adds the extra risk and potential reward of leverage ( see that idea)
AMEX:KBEShort
by AwesomeAvani
HOOKUSDT → trigger for buy or sellHOOKUSDT currency has the potential to buy or sell and enter this currency due to approaching the proof range (green range) which is its strong support range. - The middle of the downward channel shown in the 15-minute time frame is important for us because the history of the chart of this currency clarifies this issue for us. From this, we can conclude that the middle channel is a dynamic line for us, and we can open a buy or sell deal on this currency in case of failure. - The strategy that gives us a trigger in addition to the middle channel is the RSI, where we see a divergence in the current price and, in a way, an entry trigger. - The targets of this currency are shown with a flag symbol, and the stop loss is also in the green range Regards SadyCrypt!
by UnknownUnicorn29668537
1
EURAUD 4Hrs Trend channel +190 PIPTimeframe: 4 Hours Long Day Trading Position Initial Take Profit : 1.6183 to the channel middle point 2nd TP: 1.6238 (to the high volume node of the volume profile) SL: 1.593 (breaking the trend channel) The pair is in a bearish tunnel for more than a month, and now in the trend channel's bottom, and has a high potential to go up again during the next few days↑. ↝✔ Esteem your Analysis and seek improvements ⌁ @AbdullahTech ♾✽ June23 ↝✔ Keep an eye on the next price journey ;)
Long
by AbdullahTech
Time to make profit on USDJPYhi every one complete pullback to the trendline with 4% profit Potential The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisio
Short
by expay24
EURUSD I Weekly forecast and swing trade opportunityWelcome back! Let me know your thoughts in the comments! ** EURUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
2
Weak Euro - War between central banks!FOREXCOM:EURUSD is under sell pressure. Germany is officially in recession. Inflation numbers came short in both Spain and Germany. These are signs for interest rates in eurozone is slowing down the economy and at some point ECB needs to stop increasing interest rates, which would make euro weaker. In contrast to this, job openings and GDP numbers came positive for the US economy. This is increasing the hand of FED for further rate hikes. All these fundamentals are pushing FOREXCOM:EURUSD lower. TA shows that the price is following the down channel. The channel support and pivotal point supports (both monthly and quarterly) are around 1.05-1.053 zone. We will watch if that area holds or not for a long opportunity. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
by WhaleGambit
Bank Nifty Trade Setup (26-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. Picture is worth a thousand Words as from the chart Bank Nifty is moving between 751 points from 11th May and if traded with patience and with proper trade setups one can make profits. This will be my Trade Setup for Tomorrow: From price action we can see price is moving in Horizontal Channel and Today it made lows and took support near same zone which is previously tested as long as price don't don't this zone we have to trade within this range of 770 points. Setup will be 1.) If it opens flat nearby support is 43633 if it sustains this support on 15 mins then will look for CE Buy for nearby resistance which is placed at 43756 and then 43830. 2.) If gap down will look for price to take support at same support zone where it took support today or it's same as Today's low. and will take CE Trade from that level. 3.) If opens gap up then i will look at resistance which is 43756 and 43830 then i will look for PE Trades for nearby support zone or CPR levels. Views are on long trade if it respects this channel. maybe we can see break above this channel on last monthly Expiry :) Hit like to keep me motivated for keeping my trading journal also if you can help as Trading View is holding rewards if Ideas or Script can be listed in Editor Picks :) . also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:BANKNIFTYLong
by TradeInsights
2
EURUSD - Bullish leg begun?In our last EURUSD idea we called the bottom of the move within 10 pips before an 80pip move up. By the end of play on Friday price retreated slightly, respecting the upper boundary of the downward channel. Are we likely to continue to move down within the downward channel? While there's a good likelihood that will happen, there isn't a great entry on the short side, with support just below. We may see a nice long setup play out though, if Monday sees a bullish push, for a break above Friday's high and breaking out of the downward channel, that would give a lot more confidence that this wasn't just a channel retracement but the start of a new bullish wave. Setting targets in the 1.096 area would allow us to craft a nice high R trade.
Long
by HayeTrading
13
📈Bitcoin fake bullish scenario📉Hey everyone, first take a look at my previous analysis and positions. Bitcoin can first test the green levels in the bullish scenario, then return to levels below 27,000 with more supply pressure. Price divergences and important pivot levels are marked on the chart. Don't forget to risk-free your position. Consider the impact of the ISM Manufacturing PMI. PMI above 50 is seen as positive for the DXY, whereas a result below 50 is seen as negative (or bearish). Please share ideas and leave a comment, 1 let me know what's your idea. CrazyS✌
Short
by CrazyS
2
NAS100 continued to show some strength. What's in store this Q2?Early this March, I have seen progression with the retest / range of NAS100. This has been one of the top 3 markets I trade and add in my watchlist. My idea is for NAS100 to revisit a neckline at around 15k to 15.5k as seen in the chart. How long it will take? That I don't know. So far, the channel seems to be holding and good to monitor how it will sustain(?) its trend. After closing my initial position from previous post, I have continued to tranche my initial position last 17 March and tranche some buys yesterday. The economic release pre-market, with a lower inflation reading, has helped generate this optimism. Employment data will be out next week so will be reactive with this swing.
FX:NAS100Long
by PPTC
3
XRP/USDT 4HInterval check the current situationI invite you to check the ak XRP in pair to USDT, on the interval of four hours. First, we will use the blue lines to mark the sideways trend channel where the price is moving in the lower range. On the other hand, using the yellow line, we can mark the local downtrend line. Now let's move on to marking the support areas when the correction begins to deepen. And here, the first support is at $0.49 on which the price is currently based, the second support is at $0.47, the third support is at $0.44, and then the fourth support is at $0.40. Looking the other way, we will first mark a strong resistance zone from $0.53 to $0.54 that price needs to break through first. If it manages to move upwards out of this zone and break through the upper border of the sideways trend channel, the next resistance will appear at $0.56 and then at $0.58. When we turn on the EMA Cross 10 and 30, we can immediately notice the place where the red line crosses the green one from above, which gives confirmation of entering the local downtrend. The CHOP index indicates that the energy has been used on the 4-hour interval, the MACD indicates that we are moving in a downtrend, while the RSI has a rebound and we are moving at the lower limit of the range, which may slow down further correction.
by cryptodailyuk
Gold 2 day TFIf gold breaks below the uptrend channel, I anticipate a further drop in its value. However, I have identified two specific areas where multiple factors converge, and I will keep an eye on them for potential buying opportunities. There are several factors that can cause the price of gold to rise: Supply and demand: Like any other commodity, the price of gold is affected by its supply and demand in the market. If the demand for gold exceeds its supply, the price of gold can rise. Economic and political instability: Gold is often seen as a safe-haven investment during times of economic and political uncertainty. In times of market volatility, investors may buy gold as a hedge against potential losses. Inflation: As the value of currency decreases due to inflation, investors may turn to gold as a store of value. Gold has historically maintained its value over time and can provide a hedge against inflation. Central bank policy: The policies of central banks, including changes in interest rates and quantitative easing, can affect the price of gold. For example, if central banks lower interest rates, it can lead to a weaker currency and an increased demand for gold. USD exchange rate: Gold is priced in USD, so changes in the exchange rate between the USD and other currencies can also impact the price of gold. If the USD weakens, it can make gold more affordable for investors holding other currencies.
TVC:GOLD
by ChartStrategist