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Trendchannels

USDJPY: Minor Broken Bullish Channel.Neglecting the Corona Virus fear spikes, we can notice that the minor bullish channel that the pair was trading at before the spikes was clearly broken with a decent price action as the channel was broke then prices retreated to a strong support 106.700 after that made a retest to the lower edge of the bearish channel. Now prices are more likely to return to trade below the main bearish trend line. We will wait for a clear closer below the main bearish trend line on the 4-H chart to enter short positions.
Short
by Saad-ElFayed
1
WANTED - Historical low First of all, I don't think that we have seen the low in this stock, but I expect this company won't be bankrupt. So I'm waiting for a good buying chance. I won't get all-in in the falling knives, I am not a bottom finder speculator so I will buy 2 or 3 situations to create a good average price in addition that, I will diversify in lots of stocks by building up a portfolio. The German transportation company is getting interesting. Somewhere the two support zone(Historical lows) could hold up the Lufthansa, and from these levels, there is a possibility to triple or double itself. After finding the low I expect to break upward the falling trend channel and the I try to buy. It would be good strengthen signs if there will be a MACD or an RSI divergence beside that the average volume falling. Now I am waiting patiently.
XETR:LHA
by MoodandMarkets
1
Bitcoin Testing Channel SupportBitcoin took a little dip after my previous post yesterday where I was expecting a push higher and is now testing lower channel support(orange) as well as horizontal support(dashed blue). For now the trend remains bullish as long as price remains above channel and horizontal support near $9,500, but should that level be taken out it will lead to a neutral view on price. The ultimate support level that needs to hold is the solid blue line near $9,000. That is where the last base in price was made(area of demand) prior to new local highs so if that level is violated it will indicate that traders who were previously bullish at $9,000 are no longer optimistic that that price level. The solid blue line is also the stop-loss level for longs, stops should be placed just below that level.
COINBASE:BTCUSDLong
by PrepForProfit
AUDUSD LONG SETUPHey tradomaniacs, welcome to another free signal! Notice: We are trading against a very strong trend. Since we hit a weekly low we try to buy the bottom after good news from Australia. Additionally we`ve seen AUD consolidating yesterday even though DXY was very strong. This indicates a strenght of AUD/USD (or just a oversold situation). Waiting for breakout! ----------------------------- Type: Swingtrade Market Buy: 0,67210 Stop-Loss: 0,66790 Target 1: 0,67750 Target 2: 0,68000 Target 3: 0,68300 Stop-Loss: 42 Pips Risk: 1-2% Risk-Reward: 2,5 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
Long
by Trading2ez
AUD/CHF: Daytrade-OpportunityHey tradomaniacs, welcome to another free signal! ----------------------------- Type: Swingtrade AUD/CHF: Daytrade-Preparation Market Sell: 0,67455 Stop-Loss: 0,67599 Target 1: 0,67330 Target 2: 0,67245 Target 3: 0,67165 Stop-Loss: 14,4 pips Risk: 1-2% Risk-Reward: 2,05 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
EUR/SEK: Daytrade-Opportunity#SELLHey tradomaniacs, welcome to another free signal! Important: Wait for the market to retrace back to entry and wait for rejection before you sell. ----------------------------- Type: Daytrade Market Sell: 10,47000 Stop-Loss: 10,48830 Target 1: 10,45360 Target 2: 10,43665 Target 3: 10,42370 Stop-Loss: 184,3 pips Risk: 1-2% Risk-Reward: 2,5 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
EUR/USD: Day-Swingtrade-Opportunity#BUYHey tradomaniacs, welcome to another free signal! Important: Wait for the retest of the trendline and close of the previous gap before you buy. Potential Shoulder-Head-Shoulder here! ----------------------------- Type: Day-Swingtrade Market Buy: 1,11200 Stop-Loss: 1,10979 Target 1: 1,11445 Target 2: 1,11640 Target 3: 1,11810 Stop-Loss: 21 pips Risk: 1-2% Risk-Reward: 2,89 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
Lululemon (LULU) moves off Trendline Support and Breaks HigherLULU has been rising in a trend channel since April. The price recently pulled back to channel support and then consolidated there. On Oct 10 the price broke above the consolidation signaling a long entry. The chart shows two trade scenarios. One is entering when the price breaks above the consolidation. This trade has a 6:1 reward to risk based on the estimated exit (top of channel). Spotting the channel and the consolidation would have alerted a trader to be on the lookout for an upside breakout. I posted this on Oct 9 in my free Facebook swing trading group (www.facebook.com). An order could have been placed to enter when the price broke above the consolidation high. The other scenario is a late entry near the closing price on Oct 10. Still a good trade potentially, but the reward:risk drops to about 3:1.
NASDAQ:LULULong
by CoryMitchell-CMT