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Channeltrend

AUDUSD ShortThe AUDUSD pair is currently trading at around 0.63, which is close to the lower bound of the downtrend channel. If the pair breaks below this level, it could lead to further losses. However, there is a support level at 0.63, which is likely to provide some support to the AUDUSD pair in the near term. In the 1-day chart, the AUDUSD pair is moving in a downtrend channel, but the support level of 0.63, which is pushing the trend in an upward direction. There is also a possibility of a breakout downside, which suggests that the AUDUSD pair may continue to fall in the near term. Keep AUDUSD in close watch and for short-term profit one can buy till 0.65
by FxPercent
#OIL buying opportunityConsidering the recent bullish momentum in the oil market, characterized by a clear market structure of establishing higher highs and higher lows while respecting to a short-term bullish channel, we anticipate that oil prices will rise from their current low, as depicted on the chart. In addition to the bullish channel, there are other bullish indicators on the chart. Notably, the 1-hour 200EMA (Exponential Moving Average) has consistently provided strong support during this recent bullish phase. Every time the price has approached this EMA, it has turned upwards. Furthermore, the current price level is situated within a 4-hour demand area, which further enhances the possibility of a bullish movement. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_CRUDELong
by mohemati
1
#GBPJPY Selling opportunityHello, traders and friends. I hope you are all doing well. Let's delve into GBPJPY and explore why we believe there may be a potential selling opportunity. As you can observe, the price has been in a bearish channel for the past few weeks, consistently reacting near the upper boundary. This pattern suggests the possibility of a repetition, offering another favorable selling opportunity. Apart from the bearish channel's upper boundary, we have additional factors supporting a bearish scenario. These include a supply area and a liquidity pool located just above the horizontal arrow line. Price could potentially move into this area, clear out liquidity, and then trend lower. For us to consider taking this position, we would need to see a fake breakout above the arrow line, followed by a failure of the price to close above it. If you have found this analysis helpful, please take a moment to leave a like and a comment.
Short
by mohemati
2
BTCUSD H4 Channel Down: A TradingView IdeaWelcome to another TradingView idea, where we'll be exploring a potential trading opportunity on the BTCUSD cryptocurrency pair. In this analysis, we'll take a closer look at the H4 (4-hour) chart and identify a channel-down pattern that could offer trading possibilities for those looking to profit from Bitcoin's price movements. Chart Setup: Pair: BTCUSD Timeframe: 4-Hour (H4) Pattern: Channel Down Given the bearish sentiment and the channel down pattern, here's a potential trading idea: Entry: Consider entering a short position if the price breaks below the lower trendline support and closes convincingly below it. This breakdown could signal a further move to the downside. Stop Loss: Place a stop-loss order just above the upper trendline resistance to protect your position in case of a sudden reversal. Take Profit: Look for potential take-profit levels based on your risk tolerance and trading strategy. You might consider previous swing lows or key support levels as potential profit-taking points. Risk Management: Always ensure proper risk management by sizing your position appropriately and setting stop-loss orders to limit potential losses. Final Thoughts: Remember that cryptocurrency markets can be highly volatile, and it's crucial to stay updated on news and events that might impact the price of Bitcoin. As always, make use of risk management strategies and be prepared to adjust your trading plan as the market evolves.
BINANCE:BTCUSDShort
by TradeGeniusPro
Why EurUsd will drop 1500 pipsHello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience. I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings. I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a get rich quick scheme. ------------------------------------------------------------------- Today I want to share with you my outlook on EurUsd: Since the beginning of 2007, EurUsd has been trading in a pretty solid downtrend, always rejecting the upper and lower trendline of the descending channel. With the recent break and retest of the $1.095 structure level, market structure is now definitely back to bearish. ------------------------------------------------------------------- Most of the people always follow the quick money. But the quick money is never the big money. They think that making 5% a month consistently is reasonable, which is one of the reasons why so many traders fail. The only think which you can control is your risk, everything else is unknown. Keep your long term vision!
Long
by SwingTraderPhilTV
42
Buy EURUSD H4 Channel FormationEUR/USD - H4 Chart - Channel Pattern Formation Price Need to break the channel and after retest of Channel only we take buy entry. if we found pullback in top of Channel, again form bearish mode.. Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛
Long
by KABHI_TA_TRADING
63
LVMH (MC) -> Buy The Stock Right Herey name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitaliz e on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on LVMH. For the past 7 years LVMH stock has been trading in a decent rising channel and just recently retested and rejected the upper resistance trendline at the psychological 900€ level. Also considering that this is a simple break and retest of the previous all time high from January I am just waiting for bullish confirmation before I think that another push higher will occur. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
EURONEXT:MCLong
by SwingTraderPhilTV
27