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Parallelchanel

GBPUSD-Weekly Market Analysis-Nov22,Wk2Let me know if this analysis confused you. Comment at the bottom; I like to know. The entire structure is on a bearish trend; there is an ascending channel that is shaded red, from that you know that my bias is looking for a shorting opportunity. As long as the market movement is kept within 1.1736, the bearish trend is considered very strong. Failure to do so, I will patiently wait for the market retest 1.2572 for a shorting opportunity on the Bearish Butterfly Pattern setup.
Short
by RaynLim
2
$XAUUSD - Might jump to $1800Hi guys! 👋🏻 🔔 Gold hit $1670 today after the release of NFP and negative employment data. China’s plan to resume flights could bolster weakening of the US Dollar and support the continuation of this bullish run. 🔔 XAUUSD made an important test and a breakout from the dynamic resistance of March 2022. The $1615 - $1617 support level withheld a downtrend pressure backing a formation of a triple bottom pattern. 🔔 As of now, XAUUSD is traded at $1674 and is testing a major resistance at this level. To close the trading week, Gold might retrace from these levels near $1655, gain more power and try to break the $1674 resistance later. 🔔 When the uptrend continuation is confirmed, and gold closes above $1674, look for resistances at $1720 and $1801. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAUUSDLong
by azizelliott
USD/CHF: detailed chart breakdown and the next target Judging by the fact that a solid ascending channel has been formed, the middle to long-term sentiment of the pair is expected to remain bullish. At the moment, the price is ranging within the borders of the consolidation box identified on the chart. The previous DAILY candlestick has closed impulsively bearish, which means there is still a bit of room for the price to drop. We are eyeing the area below the range that lines up with the lower boundary of the ascending channel for entering long positions. Our initial target will be set at the area of resistance plotted on the graph.
Long
by Investroy
13
HBAR / BTC in a Parallel Uptrend?Quick chart here. Is HBAR / BTC in a parallel uptrend? We still need 3 touches at top and bottom to confirm this. If this is correct, we're at the bottom of the trend now and should see another trip to the top. Should we do that and stop at the top, expect to see a third trip to the bottom as well. MACD and RSI are also pointing to a reversal here, as confluence. An alternative possibility, if we hold channel bottom and then break channel top, this could turn into a giant inverted head/shoulders and become much more bullish sooner.
Long
by dudebruhwhoa
1
Where are commodities heading to? Beyond 2022Where are the meat or commodity prices heading? Meat prices have been rising at a rate of about 3% per annual over the last 40 years. Meat is what I classified as an edible commodity, so is corn, wheat and rice. And as these commodities start picking up in prices, they are the one that will give the central banks a huge headache and to consider to hike its interest rates than the other commodities in the CPI basket. Why is this so? In short, people can still live with some inconvenience without cars or petrol, but not without food. Therefore, there is an urgency for the policy makers to first take care of the basic needs of the people. Content: . Long-term direction of Live Cattle . Trading ideas . Investing ideas Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. A little hack here to project the coming CPI data and also to know how aggressive the Fed will be with interest rate hike - you may consider to track the development of these edible commodity prices, if it is still trending up, we should be expecting a higher CPI and interest rates. Example on Live Cattle Futures: 0.025cts = US$10 0.10cts = US$40 145.00 = 1450 x US$40 = US$58,000 From 144 to 145 = US$400
CME:LE1!
by konhow
9
⭕Best BUY & SELL areas for GBPUSD 💣🔰You can see the analysis of the British Pound in US Dollars in a four-hour time frame (GBPUSD _ 4H) 🔍 ✴️According to the price picture, it is moving in a parallel descending channel❗🧐 If the price can stabilize itself above the black🖤 line, then it can have an upward supply area🔺 In other words, if the price can stabilize itself below the orange🧡 line, then it can have a fall parallel channel to the bottom line🔻 which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
by TRADER_STREET
$PETZ Next Target PTs 5-8 and higherTDH Holdings, Inc., together with its subsidiaries, develops, manufactures, and sells pet food products for pet owners in the People's Republic of China, Asia, Europe, and North America. It offers approximately 200 products, which include 4 product lines consisting of pet chews, dried pet snacks, wet canned pet food, and dental health snacks, as well as non-food items, such as dog leashes, pet toys, etc. The company sells its products under the Pet Cuisine, Hum & Cheer, and various other brand names. It offers its products to retailers and wholesalers, as well as through e-commerce platform. The company was founded in 2002 and is based in Qingdao, the People's Republic of China.
NASDAQ:PETZLong
by BADQOMOCAWGOWLD
gold vs fed rate hikegold price made top at 2070 since than it is going down constantly (it has made a low of 1680) price has completed its wxyxz wave now it is in its final wave Z wave z can retest lower line of the channel if wave Y and Z followed the symmetry of 0.618 projection than wave Z can make bottom at 1656 i have labeled this trend wxyxz wave not 135 because of triangle correction in middle of wave Y (the past wave count from the top of wave X and low of wave Y are available in links at the end of this post) if we use fib retracement tool for extension than our down target is 1656 if we use fib extension tool than our downside target is 1667 if we use simple support and resistance than our downside target it 1676 key economics events fed pivot from QT to QE in recession fear global recession forcing fed to rate cut (both sign will be visible by the end of December)
SAXO:XAUUSDLong
by Sangam-Agarwal