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Trendcontinuation

GBPAUD > A Possible Trend Continuation Setup!!I hope you are feeling generous and loving today to give me a like and leave a comment it will support the creation of new free ideas for you. Analysis on #GBPAUD Possible selling opportunity might come soon near strong trend line resistance also big 1.8400 number. I have very complicated rules for engagement in trend continuation setup which requires many confirmations for entry. I will be watching the price near my kill zone looking for a confirmation the market is turning bearish and stating gathering confirmation for my entry. Forever grateful for the time you spent here reading my analysis. Check today's analysis below⠀ _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
by TheTradersAvenue
6
BTC Trend since 2010 Leading up to NovemberI found a fractal on the BTC chart that shows that when there is an uptrend leading to November, there is a strong continuation. This gives me reason to believe that we will see a trend continuation in November 2021 and possibly all the way to the cycle top. Data from 2010: averages tell us what the cycle top might be (See Next Idea - 🚀Bitcoin Cycle Top Fractal 💲110k - 💲286k!!!!? 💵🚀) See the idea on my YouTube channel Link
INDEX:BTCUSDLong
by zartraderguy
GBPUSD - Price at Top of Down-Channel - Trend ContinuationHere is the summary of the indications: Market in a longterm Down-Channel Market now in Retracement Channel Market now at the Top of the longterm Down-Channel ----------- Hi Traders! The setup of this idea is that the big Trend of this pair is a downwards. As it has deep Pullbacks, it is a Downward Channel. Now we are in a Retracement Move, which is also at the top of the longterm Down-Channel. The idea is that if the market breaks below the Channel and simultaneously the Support, the next target would be the Support @ 1.36700. Potential Entries could be selling directly the Breakout, the retest of the Breakout or even before the Breakout. If you have any questions, something to add or anther point of view, let us know in the comment! Thanks and successful Trading :-)!
Short
by swissmoneymakers
2
XAUUSD | Perspective for the new week | Follow-up detailsOver 5,000pips in our direction since my last publication on the yellow metal ( see link below for reference purposes) and it appears we are at another juncture to take advantage of the rally. The continuation sequence of this bias can be related to the significant Breakout of the Bearish Trendline during the course of last week trading session after a two week old of indecision (consolidation phase) around the identified New demand level around $1,750 zone (a psychological level). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Breakout) Observation: i. Price traded below the Bearish Trendline in the last 30 days (3rd of Sep - 5th of Oct 2021) before getting caught up in a dilemma of Bearish continuation in recent weeks. ii. Since the beginning of the new month (1st - 11th Oct 2021); we witnessed a consolidation phase within $1,770 & $1,745 hereby emphasizing the indecision in the market as participants looked forward to economic release for greenlight. iii. It is obvious that after finding a bottom at a Major Demand zone @ $1,720 - a level that has a strong memory for buying power since mid last year (2020 - check weekly chart), price continued to find higher highs which culminated in a significant Breakout of Bearish Trendline on the 12/13th Oct 2021. iv. The reaction to Consumer Price Index release was a positive signal for buyers of Gold as the actual figure equals expectations. v. The new Trendline (Bullish) drawn under pivot lows reveals a change in direction of price in the last 15days as the clamour for a Bullish bias takes shape. vi. Even as we await a confirmation at this juncture, the early hours/days of the new week might see a plunge into the new demand level indicated on the chart and if, on the contrary, I shall be looking forward to taking advantage of the new rally above the temporary level @ $1,765. vii. An opportunity to add to our existing position should present itself at a Breakout/Retest of Key level @ $1,780... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 5,000 pips. Risk/Reward : 1:5 Potential Duration: 10 to 15days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
3
USDCAD > Trend Continuation Setup for A Buy!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis on #USDCAD Here we have the market trying to hold on above 1.2600 level, also trendline support The plan: as you can see the market formed a double bottom at the trendline support level and if the market breaks and closes above the neckline which by looking at the market it seems it will, then I will look for a trend continuation entry to target the next level of resistance. Please do not hate for my trading plan and I always thank you so much for the time you spent here. Check today's analysis below ⠀ >>“ luck is when preparation meets opportunity." _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Long
by TheTradersAvenue
9
BTC : Schiff PitchforkPitchforks create a type of trend channel. The trend is considered active as long as the price stays within the channel. Reversals occur when price breaks out of the channel. There is a center median line ( trend line ), as well as sets of lines above and below that median line. The additional lines are set a specified number of standard deviations away from the median. Each individual line represents a support/resistance level. Note the way that price action interacts with the various lines : Pitchforks can help establish key support/resistance levels! These levels can be used in conjunction with active price action monitoring to help identify trend continuations/reversals while trading. // Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
2
GBPUSD - Trend Continuation Or Bullish Movements?Hi Traders! The market is, on this Timeframe, in a Downtrend. In our view, there are two possible scenarios of how the market could move: It reaches the Weekly Resistance, then it turns back down --> Down It reaches the Weekly Resistance, retraces and shoots further up --> Up However, we have these technical factors which could affect the price: Weekly descending Wedge Weekly Resistance @ 1.37 Daily Resistance Area Potential 4-hourly Trendline Potential developing Divergence If you have anything to add or a different point of view, feel free to comment! Thanks and successful Trading :-)!
by swissmoneymakers
GBPUSD > Trading Plan for BuyAnalysis on #GBPUSD the market last week respected its previous low exactly near 1.3600 as I explain in my previous analysis, and as you can see the market moved with force to the upside, it is still early to see if the market will continue to the side but there are signs to show the market will move to the upside. if the market breaks its previous high of 1.3740 I will then I will start looking to use one of my trading continuations strategies to get in a buy trade. like and comment will be hugely appreciated, thank you so much for your support. Check today analysis below⠀ >>“ Success is where preparation and opportunity meet." TradingAxis
Long
by TheTradersAvenue
8
EURAUD > Incredible Trend Following Opportunity!!Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves. Analysis on #EURAUD fantastic trending market as you can see on the chart, now testing the trendline support. watching the market for rotation pattern before getting in a buy trade. Thank you so much for your support. Check today analysis below⠀ >>“ Success is where preparation and opportunity meet." TradingAxis
Long
by TheTradersAvenue
10
ETH USDT: BUY Signal @ 3195Hello All, hope you are all doing well. Happy Monday! Welcome to today's "Aglogains - Daily Trade Series" ETH USDT has pulled back to a major level of support on the 1HR time frame and once in this region we are looking at the lower timeframes, for an entry signal towards the buy side expecting a trend continuation to the upside. Important support zone: 3222 - 3149 On the 5 minutes time frame we have seen a double bottom, that was formed, followed by an engulfing candle which gave us our entry signal at 3195 Entry - 3195 Stop Loss - 3146 Take Profit - 3263 Will keep you posted on the progress of the trade. Do let me know in the comments section below what are your thoughts on the market today?
Long
by Nihanth_Aglogains
2
AUDUSD | Perspsective for the new weekThe Aussie suffered the most on Tuesday after the Reserve Bank of Australia announced its decision to maintain its tapering plans, reducing its bond-buying purchases from A$5 billion to A$4 billion per week. Reaction after this decision is evident on the market as the price rejected $0.748000 to drop 1.81% during the course of last week trading session. In this regard, I am anticipating that the Aussie might turn bearish in the mid-term on a break below $0.73300. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Trendline Observation: i. The Demand zone which has held price "supported" since the beginning of the year 2021 was finally broken to the downside in June/July 2021 to set a bearish tone on the market. ii. The line drawn above pivot highs is a visual representation that reveals the prevailing direction of price action since May 2021 and it appears price will continue to respect this line considering the current market structure. iii. This been said, it is pertinent that I state here that the early hours/days of the new week might see a price climb to test either the Trendline (forming a Double Top) or extend beyond to reject Key zone at around $0.75300 and $0.76000 (61.8% retracement of Impulse leg) to incite a risk of further decline in price. iv. And it is possible that this declination might transpose into a Harmonic pattern (AB = CD) with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C is currently at a 50% retracement with the possibility of extending into 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B leg @ around $0.68800. v. So, at this juncture patience is indeed required as the market open will help us determine when it is most appropriate to hop in the decline train. NB: Below Key level appears to be the safest area to take on a short position... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:5 Potential Duration: 10 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry