Pullbackbuy
NZDCAD SHORT MONTHLY TFMonthly: Price appears to be forming the right shoulder of a H&S pattern. After the previous bearish leg formed, price has failed to break the 0.382 level of the fib retracement. Since price hasn't broken the level, I expect price to go to the downside (support level) to complete the H&S pattern.
Weekly: A bearish candle just close. Price is currently bearish and I expect it to continue bearish.
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GEL | Parallel Channel Breakout | Target Entry@Pullback GEL | Thailand SET Index |Construction Material Sector | Price Action Trading
Chart Pattern: Falling Parallel Channel Bullish Reversal
Price Action: Bullish Breakout Entry at PULLBACK position
Target estimated for short-term / long-term shot
Indicator:
> Support line just above EMA200
> RSI bullish signal above MA line
> MACD golden cross above baseline 0
Trade with affordable risk ratio 3:1 at least
Always respect your stop-loss
Good Luck
DP
FCEL to 12.17I AM NOT A PROFESSIONAL TRADER. TRADE AT YOUR OWN RISK.
Looks like a upward channel starting from a area of value 5.68.
We are bumping our head on the top channel and resistance level of around 9.57.
I can see a slight pullback to a VWAP line of 7.74 to cool down the RSI.
The Daily chart volume is good to interest traders and have nice volatility for upward trend to 12.17.
Lastly MA50 and MA30 closing in on MA200 for a golden cross.
just a perspective , GOOD LUCK TRADERS
BTC pulling back. A rising channel has a greater potiential for a breakdown.
BTC is nearing the 0.618 time fib. - 0.618 indicates a possible reversal in the trend
At the moment theres a possibility for a another small bounce at high support, based on the hidden bullish divergence on RSI. if that bounce plays out, PA and RSI needs to rise greatly in order to not print a bearish divergence near the top... if it dosnt, then we are looking at a
double top with bearish div. - a double top measured move put the PA to the lower trendline.
If the lower trendline dosnt hold, then the measured move gives a possible drop of 10%, matching the support zone around 54k.
That would be a total drop of 20% in BTC
At the same time BTC dominance chart that indicates a possible reversal in BTC trend.
- its likely that we will see a pullback in BTC soon, and that will drawn must ALT prices down.
Funding rate is also overheating and could use a reset.
- As for now, I would not buy anything before I see a soild 4H candle close above the upper trend line and then i would look for a retest to enter.
If the market pulls back, i would instead look for a bounce on the lower trendlines
ETH/BTC long, Q4 pullback b4 launchTakeaways:
-Minor pullback is expected Q4 2021 given the bearish divergence.
-Might retest bottom of yellow channel before launch.
-V-shape recovery near 0.618 as well ~0.043 eth/btc.
-Every time eth pulled back at these levels it has historically gone up to its respective 1.618 fib level (~0.12eth/btc).
-Polynomial regression supports long-term growth despite a minor pullback in the short term.
Alts, including BTC are expected to take a seat for a while until btc hits its peak estimated either at 80k-100k by Dec. or 200k by sometime Q1-Q2 2022.
AUDCAD 4h technical analysis OANDA:AUDCAD
Recently audcad had a good support at 0.911
I just took a look at it's chart and understood that I missed the long position cuz it wasn't in my watchlist .
But let's see when we can enter it for long
The price is moving with a strong bullish momentum
There's a trendline and it seems it's gonna break because of the strong momentum we have .
So IF it breaks , the best strategy for entering long position is to enter at pullback to the trendline .
So we need to wait and see what gonna happen to audcad and we need to wait for confirmations and then enter with a good R/R and risk management .
what's your idea guys ?
5 PAISA - Pullback Trade5 paisa made high of 444- 465 in July 2020 and retraced some part of its previous rally only to take support around 235 levels.
The stock then started rallying again but was not able to break through previous resistance( highs made in July 2020) and traded sideways near the resistance for about 3 months.
Finally, it managed to break above in the first week of July 2021 with a Big bull candle, volume also saw some rise.
Now Prices are retraced back to the breakout levels and sustaining above it.
It looks like stock may test its recent highs and also move beyond it, in the coming trading sessions.
BEAM 4h - Buy changeEntry zone: $0.56 - $0.57
Stop loss: $0.5
1st target: $0.7
Hold target: $1
You can enter with a small amount and trigger a second buy at the stop loss ($0.5). In that case, the stop loss could be around $0.46 but price action must be considered.
Trend Key Points Indicator have been used to draw important key levels and key points.
AUDUSD TO THE MOONI would also be bullish on GOLD buying as well there is money to be made.
First you guys can see that triple top bottom at support level for AUDUSD , now though its has already formed I am waiting for the USD to gain some strength and pullback just a bit. I will be ready to get in during the pullback. Also on the higher time frame the 200 ema is approaching now if it blast right buy it disregard the trade.
AUDCHF Intraday Buy IdeaD1 - Price is bouncing higher from a strong support zone.
Bullish convergence.
Currently it looks like a pullback is happening.
Expecting further continuation higher after this pullback.
H4 - Currently it looks like a flat correction is happening in the form of a range.
Until the key support zone holds my view remains bullish here.
If the price breaks and holds above the top of this range we may then consider it as a validation for this bullish view.
BTCUSDT "H1" Trend AnalysisBitcoin was fluctuating in a short-term channel as you ca see. Given that the channel is broke from above, a long position can be opened if it is considered as a valid broke ( if we saw a strong bullish candle with high trading volume ). There is a possibility of a pullback and continuation of the path exactly as shown in the chart.
The trend line in the RSI is also broken and will probably react to the level of 70 and keep pace with the price pullback.
The moving average of 20, has broken up the 50 and give us another positive signal.
*This Analysis is a personal opinion and should not be the basis of your trades.*
TRADE JOURNAL (#3): LONG BENYSE:BE :
Price pullback to its buy zone that aligns with the 61.8% retracement level. I had missed the triple bottom, and decided to enter early into the market. There is also a well formed consolidation (horizontal channel ) around the 61.8% retracement. My assumption is that this industry is a good sector that would probably be trending higher in the coming years.
S/L is placed blow the lows of the whole pullback. Could be relatively tight. But would be a good sign to enter at a better price if it does get hit.
T/P is placed at the 1.618% Fib extension level. Considering the severity of the climate change effects in recent weeks, there could be a good push for green energy alternatives that may push prices higher for this stock.
(This stock was entered with the view that green energy alternatives would be taken seriously by countries and that markets are undervaluing the potential of these companies for future environmental sustainability).