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Channeltrend

VOLKSWAGEN - BEARISH CONTINUATIONVolkswagen, one of the largest European manufacturers of electric cars, is putting its plans to build more battery factories in eastern Europe on hold until the EU decides how it will respond to the IRA with manufacturing incentives of its own. That is not favorable for the asset and there are not many reasons to expect short-term surges, therefore that downtrend channel might continue to range the asset, and considering we are close to the resistance line it is likely to depreciate in the near future. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:VOWShort
by legacyFXofficial
DISNEY - BEARISH CHANNELThe Walt Disney Company, one of the largest media corporations in the world, has been the subject of a wide variety of criticisms of its business practices, executives, and content. Currently having serious pressure in Florida from Governor De Santy's office, Disney might suffer a chain reaction of investors liquidating and limiting further losses. As politics drive the markets with the highest impact the asset might continue falling. The widening downtrend channel also confirms similar developments. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:DISShort
by legacyFXofficial
Team Lease FinanceHello and welcome to this analysis In the monthly time frame we can see two parallel channels running the path. The first one is a wider rising channel which has now come down to its lower end of the channel after completing a 1.6x fibonacci target. The second one is the narrower falling channel from its peak. The decline appears to have come to a halt at the confluence of both the channels and after a brief period of consolidation its showing signs of resumption of uptrend. SIP / accumulation between 2350-2700 with 2200 as failure of structure (channel will break below) for upside possibilities of 3500 and ATH appear a possibility. A decent risk reward ratio for medium to long term investing.
NSE:TEAMLEASELong
by Dinesh_C_Nagpal
1
GBPAUD I Potential short from supply zoneWelcome back! Let me know your thoughts in the comments! **GBPAUD 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!
Short
by BKTradingAcademy
24
EURAUD: anticipate SELLThe EURAUD currency pair has recently entered into the bearish market zone on the 4-hour timeframe, which also coincides with the resistance level on the M30 channel. This has occurred following a substantial increase in value during Friday's trading session which we also captured. Currently, there are two potential outcomes for the market: 1. The price may reject the minor trendline and move upwards towards the 1.57031 region, to test the channel resistance level once again, before eventually dropping. 2. Alternatively, the price may break the minor trendline in a downward direction and continue its bearish trend. In both scenarios, my bias is bearish . I anticipate a break and retest of the minor trendline towards the 1.56725 region, which will serve as my entry confirmation for the second scenario. Given the current overall bullish trend, it is prudent for me to exercise moderation in pips targets, as it is plausible that the market maker may contemplate the continuation of the bullish trend. So, my objective for a scalp trade is to reach the 1.56395 price level, while my target for a day trade is the 200EMA region.
Short
by Samuel124
1
SPX 4hr Watch for bottom around 3880-3850Price is attempting a retest of the white 2022 trend line. There’s a confluence of the trend line, the green parallel channel, and price level 3880. 3880 is a level I’m watching due to similarities between now and 2011 which turned out to be a fake crash year. That idea is linked as a related idea below. The confluence occurs on Friday of this coming week. 3850 is the point of control of the recent range where many relieved shorts will be looking to get out at break even. The confluence and this range constitute strong support but a weekly close below them would be a pretty bad look.
SP:SPXLong
by Skipper86
1