Descending Channel

Wave-Trader Wave-Trader TOP EURUSD, D,
EURUSD: Patterns Identification For Trend Continuation Trade Setups
3612 69 158
EURUSD, D
Patterns Identification For Trend Continuation Trade Setups

Hi fellows, This is an example for patterns identification in a bearish market many traders struggle to identify patterns in a particular trending market for Trend Continuation Trade Setups. This is a perfect example for Pattern Identification. 1. IMPULSE ( First Entry ) In this chart, We have Bearish IMPULSE from top( that means market is setting up for a ...

RogerS RogerS PRO XAUUSD, 240, Short ,
XAUUSD: Gold - Forming ABC Correction
101 0 9
XAUUSD, 240 Short
Gold - Forming ABC Correction

Gold broke the neckline of H&S mid June. Now is retesting this line and possibly tagging the 100MA on the 4H chart to complete the B wave at the top of the downtrend channel and produce the final leg down to the H&S target which is placed at 1223. Ichimoku cloud will create a resistance on 126Xs area. In this extended 6th month rally gold still needs a fail DCL ...

ScottMescudiForex ScottMescudiForex USDJPY, D, Short ,
USDJPY: USDJPY : SORRY BUT 0.61 FIB wins
180 2 12
USDJPY, D Short
USDJPY : SORRY BUT 0.61 FIB wins

USDJPY has been trading in a very tight range (like XAUUSD, which are always going opposite ways btw). UJ couldn't break through that 0.618 which is also a weekly resistance for this pair making this short a very good one RR trade. I will be shorting this pair from here and I'm looking for a retest of the bottom of the descending bearish channel. Trade safe!

nazman1068 nazman1068 USDJPY, D,
USDJPY: UJ To follow descending channel?
10 0 9
USDJPY, D
UJ To follow descending channel?

We saw a week with a lot of bearish breaks but overall slow movement on this pair. Reaching lows in the 110,900 region and highs in the 111,700 region (approximate). I still believe that this pair will respect the downward channel it has been in, clearly shown by the rejection of the descending trendline on the daily chart. There is a possible bullish movement on ...

tombitudio tombitudio EURUSD, 240, Short ,
EURUSD: EURUSD Short Opportunity
15 0 3
EURUSD, 240 Short
EURUSD Short Opportunity

EURUSD is poised for a drop as bearish divergence is brewing on a monthly chart coupled with an overall harmonic price pattern completion, price reaching 23.6% retracement and monthly bearish downtrend. On a 4H chart, price is in a bearish channel with 2 harmonic price patterns having been completed. On a 1H chart, RSI is already indicating that price is at an ...

churaval churaval USDJPY, 120,
USDJPY: Descending Channel
11 0 3
USDJPY, 120
Descending Channel

A example of a Descending Channel

AhmedElshemy AhmedElshemy USDJPY, W, Short ,
USDJPY: USDJPY  Bearish  trend WEEKLY CHART
27 0 6
USDJPY, W Short
USDJPY Bearish trend WEEKLY CHART

interested bearish channel

gihanet23 gihanet23 EURUSD, D,
EURUSD: Descending Channel
31 0 3
EURUSD, D
Descending Channel

Descending Channel

pablo82 pablo82 EURAUD, 240, Long ,
EURAUD: BUY SETUP
47 0 9
EURAUD, 240 Long
BUY SETUP

price moves in descending channel and you can try to buy after breakout to upside. Divergance on hourly timeframe supports idea. This pair makes bigger correction on daily timeframe.

BethZu BethZu EURGBP, 60, Long ,
EURGBP: Downtrend channel...
92 0 37
EURGBP, 60 Long
Downtrend channel...

It seems a good moment for the price to correct ... so I think we could expect few pips long... and after the price reaches the daily pivot and may be the downtrend line... go short following the trend...

pablo82 pablo82 GBPJPY, 240, Short ,
GBPJPY: SELL SETUP
122 0 10
GBPJPY, 240 Short
SELL SETUP

Gbpjpy moves in descending channel and price just has reached the upper trendline. It would be agood idea to short based on boucing from upper trendline and wave structure development. This pair is in bigger daily flat correction ABc with target for wave C at 135.77 level

bgj101 bgj101 PRO EURNZD, 240, Short ,
EURNZD: EURNZD Weekly Outlook 29May-2Jun
61 0 7
EURNZD, 240 Short
EURNZD Weekly Outlook 29May-2Jun

Price is in a descending channel which will eventually break bullish....still has room to the bottom.....wait till price gives that bottom or breaks this channel...... Chart updates and trade setups will be updated as needed below....so stay tuned....your comments are needed and appreciated.... CATCH THE WAVE......AND RIDE IT..

leonardr00 leonardr00 USOIL, D, Long ,
USOIL: Descending Channel
63 0 7
USOIL, D Long
Descending Channel

Descending Channel

BethZu BethZu AUDUSD, 240, Short ,
AUDUSD: Two good reasons for short...
157 9 21
AUDUSD, 240 Short
Two good reasons for short...

Price has reached a monthly pivot and the up line of a descending channel so for me... this is time for short... what u think?

BethZu BethZu AUDUSD, 60,
AUDUSD: Two good reasons to go long...
160 0 35
AUDUSD, 60
Two good reasons to go long...

A Monthly Pivot has been reached... Aditionally price it is at the downside of the downtrend channel so... it may be a good time to go long...

Oea Oea EURUSD, 60, Short ,
EURUSD: EURUSD: Short Opportunity
325 0 6
EURUSD, 60 Short
EURUSD: Short Opportunity

Bearish channel is forming.

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