Descending Channel

lewglasgow lewglasgow TOP GBPCHF, 240, 10 hours ago
GBPCHF: GBP/CHF - Price Structure
134 0 21
GBPCHF, 240
GBP/CHF - Price Structure

Interesting setup on the 4h chart for GBP/CHF 0.31% with a descending channel , price has been trading within this area since June 2016 with one successful breakout during October 2016 because of the flash crash. This highlights the future price direction of this currency pair, refer to this chart whether you're going long or short Please feel free to leave ...

andrew-profit-trader-winner andrew-profit-trader-winner EURUSD, D, Short , 17 hours ago
EURUSD: EURUSD - Downtrend Channel [ Price Action in the middle]
66 0 7
EURUSD, D Short
EURUSD - Downtrend Channel [ Price Action in the middle]

Orange trend line was drawn in Monthly Timeframe Slopes came from significant market moves Opportunity to hedge; buy or sell for a quick profit. Stronger moves of the waves are in the Short but you can still profit from small waves of the Long.

soffner soffner EURAUD, D, Short , 9 hours ago
EURAUD: KEEP MOVING DOWN
15 0 7
EURAUD, D Short
KEEP MOVING DOWN

Maybe the downtrend keep moving to the bottom of page.

AcornWealthCorp AcornWealthCorp PRO CLX, W, Short , 12 hours ago
CLX: CLX - Double top formation short from $135.23 to $113.13
10 0 4
CLX, W Short
CLX - Double top formation short from $135.23 to $113.13

CLX is testing a resistance label from where it previously had a sharp decline. It also seems forming Adam & Eve double top formation. It also has Over 10 million reported insider selling. Overall it is an interesting short setup & we think it can decline down to 113 area. Please check back for Trade updates. (Note: Trade update is little delayed here.)

AcornWealthCorp AcornWealthCorp PRO YRCW, D, Short , 13 hours ago
YRCW: YRCW - Key support breakdown short from $10.90 /10.63 to $8.13
5 0 4
YRCW, D Short
YRCW - Key support breakdown short from $10.90 /10.63 to $8.13

YRCW is breaking down some key support. It seems it will decline further. For a perfect entry for short we would like to it pull back to $10.90 or break below $10.63

AcornWealthCorp AcornWealthCorp PRO WST, D, Short , 13 hours ago
WST: WST - Head & shoulder formation short from $78 to $8.84
13 0 3
WST, D Short
WST - Head & shoulder formation short from $78 to $8.84

WST seems forming a downward neckline Head & shoulder formation, and it appears to break below the neckline. On the long term chart it seems forming a larger scale H&S formation. Moreover it has 1.2million (approximately) worth recent insider selling. We think it will be an interesting short play at the break of $78

AcornWealthCorp AcornWealthCorp PRO SIX, D, Short , 13 hours ago
SIX: SIX - Head & shoulder formation, Consider Jun 55/60 Puts
8 0 3
SIX, D Short
SIX - Head & shoulder formation, Consider Jun 55/60 Puts

SIX seems forming a head & shoulder pattern. And now rolling over beautifully. The H&S pattern has potential to decline all the way down to $42. To play this we would consider $55 Jun Puts, currently $1.48 or $60 Jun puts for $3.69 Please check back for Trade updates. (Note: Trade update is little delayed here.)

AcornWealthCorp AcornWealthCorp PRO HQY, D, Short , 13 hours ago
HQY: HQY - Head & shoulder formation short from £41.29 to $32.13
8 0 3
HQY, D Short
HQY - Head & shoulder formation short from £41.29 to $32.13

HQY made a nice little Head & shoulder pattern here. Now it seems breaking off the right shoulder. We think it will decline from here. The decline also supported by the Big insider selling in the multiple millions, multiple execs. Please check back for Trade updates. (Note: Trade update is little delayed here.)

AcornWealthCorp AcornWealthCorp PRO BERY, D, Short , a day ago
BERY: BERY - Possible H&S formation short from $48 to $42.88
12 0 3
BERY, D Short
BERY - Possible H&S formation short from $48 to $42.88

BERY seems forming a head & shoulder formation. A break of $48 will be the breakout confirmation. We think it can decline down to $43 area. * Trade Criteria * Date first found- March 21, 2017 Pattern/Why- Possible head & shoulder formation Entry Target Criteria- $48 Exit Target Criteria- Target 1 45.13 Target 2 42.88 Stop Loss Criteria- $51.03 Please ...

AcornWealthCorp AcornWealthCorp PRO FNGN, D, Short , 2 days ago
FNGN: FNGN - Double top formation short from $40.80 / 39.43 to $31.13
14 0 5
FNGN, D Short
FNGN - Double top formation short from $40.80 / 39.43 to $31.13

FNGN seems forming a long term double top formation. It has previous history of sharp drop & we think it is getting ready for another decline this time. For perfect entry we would look for a pullback or confirmation break. * Trade Criteria * Date first found- Pattern/Why- Entry Target Criteria- Break of $39.43 or rally back to $40.80 Exit Target Criteria- ...

AcornWealthCorp AcornWealthCorp PRO SPY, 60, Short , 2 days ago
SPY: SPY (S&P500)- 525% profit in 1 day!! You didn't see that coming!
44 0 3
SPY, 60 Short
SPY (S&P500)- 525% profit in 1 day!! You didn't see that coming!

Last night we talked about a Head & Shoulder on the SPY, and discussed Taking 238 Put option position on SPY. As entry criteria we discussed SPY to run upward around 237.50 - 238 to form the Rigth shoulder & drop from there. Surprisingly SPY went up at 237.50 in the morning. We considered to take a 238 March 24th Put option for $0.64. After that SPY ran all ...

dbt1033 dbt1033 PRO LSKBTC, W, Long , 5 days ago
LSKBTC: Arise Lisk
1125 8 22
LSKBTC, W Long
Arise Lisk

Lisk is a coin that could potentially be one of the best buys of 2017 at these levels. Currently, Lisk has a 20million dollar market cap. Max (the CEO of the Lisk Foundation), just sold around 1000 bitcoin to fund lisk development. Lisk still holds around 10k bitcoin as well as millions of dollars worth of byteball. So why is Lisk THE coin to buy right now? ...

FUNTRADER-Vera FUNTRADER-Vera GBPJPY, 240, Long , 4 days ago
GBPJPY: GBPJPY: LONG SETUP for at least 200 pips
514 2 22
GBPJPY, 240 Long
GBPJPY: LONG SETUP for at least 200 pips

Traders: GBPJPY broke the channel by a one week sideway movement. And this is also the end of wave 3 inside the descending channel and now we use the small channel from x to y to find out long trade tp. Less is more!

pixi pixi XAUUSD, 240, Short , a month ago
XAUUSD: $1244 Short
1001 6 26
XAUUSD, 240 Short
$1244 Short

Hi, Short at $1244 on completion of a bearish crab. Conjunction with this throwback in mid-term bearish channel https://www.tradingview.com/chart/XAUUSD/FBkPYrM6-970-for-2017/ TP levels on the chart.

Libeloo24 Libeloo24 PRO EURUSD, 120, Long , 14 days ago
EURUSD: ECB Press Conference - Trading EUR/USD - Speculative & Technical
299 1 14
EURUSD, 120 Long
ECB Press Conference - Trading EUR/USD - Speculative & Technical

ECB (European Central Bank) will announce the Minimum Bid Rate today, followed by the ECB Press Conference held by the one and only Mario Draghi who is known to rock the boat with his insights on the Monetary Policy. The ECB is widely expected to keep the Policy unchanged, however, since the last monetary policy meeting in January, Inflation picked up ...

GhostOfHarambe GhostOfHarambe DAL, D, Long , 8 days ago
DAL: DAL - Bounce to $50.00
25 0 4
DAL, D Long
DAL - Bounce to $50.00

DAL appears to have bounced off support from the descending channel that it's been trading within since the beginning of the year, with a solid engulfing bar at support accompanied by a surge in volume. I'm expecting to see a move up to channel resistance at $50.00

lewglasgow lewglasgow TOP AUDJPY, D, Short , 3 months ago
AUDJPY: AUD/JPY - Bearish Bat
825 9 52
AUDJPY, D Short
AUD/JPY - Bearish Bat

Interesting setup on the Daily chart for AUD/JPY with a potential bearish bat, as you can see price has recently broke out of a descending channel and heading towards our D point at 88.500. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'll be looking for additional ...

lewglasgow lewglasgow TOP XAUUSD, W, Short , 20 days ago
XAUUSD: XAU/USD - The Bigger Picture
599 4 42
XAUUSD, W Short
XAU/USD - The Bigger Picture

Interesting setup on the weekly chart for XAU/USD with a long-term short, as you can see price is trading inside what appears to be a falling wedge or descending channel... And it has just bounced off the 200 EMA at $1258. I'm currently short on this pair around $1248 after price formed a valid bearish 5-0 pattern (chart shown ...

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