GBPUSD watch this levelEven though this multi-timeframe analysis gives mixed signals, the areas of GBPUSD consolidation are accurately shown by the indicators. On each of the 3 timeframes the main level to watch is the Cosmic Gravity basis line - price crossing above it will be a bullish signal and vice-versa.
Channeltrend
$ETH - What now?$ETH - What now?
Honestly, the answer is nothing. I haven't traded or even bothered with crypto overall for months. I actually have preferred the classic gold and silver. There is nothing exciting going on and if I get in crypto it's only for long side. There is no long side for me at the moment we within the ranges and break to either direction but with crypto overall it lacks regulation, we saw that throughout various collapse of firms and the infrastructure is very new. IMO - I am out until it suits my plan to get back in for now, I prefer the side-lines.
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EURCAD I How to trade it this week!Welcome back! Let me know your thoughts in the comments!
**EURCAD Analysis - Listen to video!
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GBP/USD Time To Short?I'm new to charting this asset, but based on what I was able to chart here on the 1H, it seems very clear to me that a considerable fall is looming. I could see it consolidating a bit at the top portion of the uptrend channel I have drawn up. I'd expect it to take a dive by mid January 2023 at the latest--> $1.18596 is my price target. Of course Only Time Will Tell
#AUDCAD potential long term selling opportunitytake a look at where price currently is sitting on and the long term resistive cluster around price...
price at the moment is testing a bearish weekly channel resistance line and also at weekly high which means if the downtrend in weekly scale wants to resume price cannot close above this high. although that price can whipsaw above it but it can't close above it.
for taking a position depends on the kind of a trader you are say risk averse or risk seeking you may enter now or wait for a more and clear confirmation in lower timeframe. and perhaps waiting to see a shift in market structure or chart pattern formations.
Also we can see a bearish divergence between price and RSI indicator in Daily time frame.
EURAUD Intraday Buy from DemandWelcome back! Let me know your thoughts in the comments!
**EURAUD Analysis - Listen to video!
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Watching AUD.USDHello Traders.
Anyone else watching the AUD.USD Daily chart?
I'm waiting to see if the price will continue to the downside or break to the upside.
This could be a good trade idea; however, we need to wait and see what price does.
Let me know what you think, what do you think the price will do?
Happy Trading
Samantha
GBPCHF OLHC (BUYS) MONTHLY STRUCTURE (NOVEMBER 2022)1.14664)GBPCHF OLHC (BUYS)
MONTHLY STRUCTURE
(NOVEMBER 2022)
MONTHLY STRUCTURE (DAILY TIMEFRAME)
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Monthly Structure for GBPCHF in the DAILY timeframe is OLHC(OPEN LOW HIGH CLOSE) BUY SETUP .
Price is currently also in a bullish channel and a perfect target after TDI Priceline and bloodline cross will l be the OPEN (1.14626) .
Waiting on a TDI cross to confirm the presence of BUYERS in Markets.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
POLYCAB!! MAJOR TRENDS!Polycab is a great stock with a good fundamentals.
i have drawn the major trends supporting from its IPO time and from corona's crash.
from past 14-15 months the stock is following the same channel, and has given about no returns.
since it has a good fundamentals and the sales are growing nicely, i see a good upside movement.
but on the flip side, this channel is acting like a consolidation part after the movement given after 2020 crash.
this also says the strength of the stock, which is preventing the stock to fall.
after 20th June, it has kept on rising, and recently it gave a pullback. but its a good stock to now buy, since it is landed on a good trend line, and will now rise further on.
in the couple of months, i see a good upside movement on this stock.
the large blue line which i have drawn is just a speculating line, if possibly the stock gets a good movement, it could go on further rising to that line.
EURCAD Short from resistance Welcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
TSLA - CHANNEL MOVEMNT BULLISH ON 4H NASDAQ:TSLA is underperforming in the past couple of months after the split, and clear channel movement formed. Test, brake, retested, short-term recovery in channel ranges. Pattern and channel trading is based on historical movements, and should not be taken as a "concrete" indicator for price projections or predictions.
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GBPCHF I Bullish trend opportunityWelcome back! Let me know your thoughts in the comments!
**GBPCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPJPY I Local Intraday SHORT!Welcome back! Let me know your thoughts in the comments!
**GBPJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Back to neutral, with a tighter squeeze now.I am still waiting for another long position since March when we were at 47.5k!
We are back in the neutral zone yet again with the bands constricting tighter around the center. The red resistance band up top is crashing down, while the support zone below DOUBLE bands. The support is looking stronger, and I am leaning towards long here, but not yet.
We are entering November, December which is usually Bear months. I still need more confirmation that the current price can push towards the resistance.