Good Day Everyone Here's an idea on the EURGBP pair, the ascending channel holds and we are still trading inside the structure on the pair, more aggressive traders can go long on the correction to the down side but looking for significant move to the upside on the pair a retest of support level 0.90605 will signal this move to the upside for now waiting for this...
Good Day Everyone Here's an idea on the GBPJPY pair, the pair broke out of the descending channel went down with the bears to retest support level 132.912 could the ascending channel hold on the pair not sure just yet but looks like bulls are still in control one the GBPJPY...
Good Day Everyone Here's an idea on the USDZAR pair which has been trading in a descending channel and rallied up in an ascending channel within the descending structure looking for a rejection in the descending channel and a break below the ascending channel to trade with the bears on the pair, a break below the ascending channel will signal this short position...
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Possibly a Ascending Channel , but on the RSI there is a noticeable divergence.
EURJPY currently finds itself trending within an ascending parallel channel after successfully breaking out of the descending trendline. We will be looking to enter longs on a pullback towards the 0.618 fib retracement, in confluence to our outlined parallel channel and the previous level of support.
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Good Day Everyone Here's an idea on the GBPJPY pair, the Ascending channel holds and the pair is currently rallying with the bears for a possible retest of 61.8% Fibonacci level, looking for a bounce of this level then a rise in the pair, for more aggressive traders you can look for short entries on the pair targeting 61.8% fib level . if we see a significant...
Waiting to open a sell position on this pair
TNY has seen some consolidation into an Ascending channel, which is another Bullish Pattern coinciding with multiple other bullish patterns that have played out recently. Noticeably the green bullish flag I have outlined is a recent bullish pattern, and there was also a giant inverted H&S that played out to the upside, the right shoulder being the green bull...
Todays analysis – SPX – breaking bearish from its long-lived multi-month ascending channel Points to consider: - Channel support breached - Testing daily support and 200 DMA - Bearish price action - RSI breaking below 50 - Stochastics oversold SPX needs a daily body candle close below channel support for a bearish bias in the market. Currently retesting...
Sell opportunities at and around both double top areas either within the ascending channel structure or at the all time double top area back in 2012
-Very good opportunity to buy Oil now as there is a strong bullish candle confirmation on the support of the ascending channel. -I am hoping that Oil will reach TP around 40.14 which is around the level where the supply zone is. -Once Oil reaches the supply zone, if there is still strong bullish momentum then i would wait for a retest of the supply turned demand...
Looking at Zynga, There is an ascending channel/triangle pattern, hourly chart. the top resistance line intersects with the next Fib extension after we retest the support line. Has been ascending in the same channel since retracement (completed on Jun 5th). Based on the chart pattern I am looking at a bounce to the .786 line, retest of support and then...
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Ok guys ascending channel confirmed, first resistance broke, in my idea next resistance is 68, breaking it means there is a chance to touch and test 70(it came by the pattern in the last idea about xmr) If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading. Take care, trade safe and good luck.
The Stock is trading in the bullish price channel. The price is near the support line so the probability is it will move up-to 95.92 to its support level. Below 94.25 price can be bearish.
USDCZK broke an ascending channel and we are waiting to see a breakout of static support. According to Plancton strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.