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Channeltrend

Trading the price channelTwo trades one long and one short trading the upper and lower bands of a price channel. I dont generally trade a price channel for many reasons, but with the long term chart dominating trend in my favour it worked out. For this trade my long-term chart was (W) chart and my current price chart (D) chart. The current chart is where i take my entry, stops & cover my positions. First trade was in January when price entered a DZ, while the Long-term chart was still in uptrend. I took the LNG w/ a STP below the DZ. i was risking 0.90 per share for a reward of X3 if price hits my Profit Target PT1 at the top of the channel. The Second trade was more recent in April with the long-term chart (W) in a downtrend now, & price is coming into the upper court of the channel, my SHRT executed near the top of the channel, provided a low Risk entry short with a STP loss of 1.2 per share. The reward was again a X3 if price enters the lower band of the channel. & today the price entered & I CVR my SHRT.
TSX:QSRShort
by greatful-me
GOLD- bear channel continues Hello everyone In last the week , market created a bear trend structure and did end it with a good hanging man bar which indicated that the bear trend continues and with the full bear body bar for today we have the full context of bear market. So far the market broke out of 1880$ for XAUUSD and reaching the 1850$ is expected.We may get to see the price in the lower channel by the end of the week or we may have the price create the same pattern from the last week. In 4 hours chart we have good amount of shadow on our pin bar right now but it does not change the context.If I want to buy, I wait for a good sentimental news,a reversal pattern and for a second signal to enter ( I don't take the first entry) .
OANDA:XAUUSDShort
by HubAlgo
US 10Y Yield Nearing 3%I believe that watching the US10Y is a great way to gauge what's happening in the equity markets. As we've been witnessing, stock valuations are being compressed and investors are feeling the pain. I've been watching this chart for a while, and you can see that the 10-year Treasury yield is nearly at 3% and is at 4-year highs. This is something to definitely keep an eye on as we continue to see a hawkish fed. We could see a change in dynamic within the secular trend of the market if this scenario continues in this trajectory.
TVC:US10Y
by ZenitCrypto
AAVEUSDT is trying to have a breakout!The price is creating a descending channel after the breakout from the falling wedge as I told you on my previous idea On the daily timeframe the price is testing the key level on 150$ and the market is trying to protect the low. On the 4h timeframe the price got a rejection from the daily resistance on 175$ How to approach? The price needs to have a new breakout from the 4h dynamic resistance and daily resistance. the next valid key level is 190$. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
8
EGLDUSDT Wants to have a breakout from the Weekly resistanceThe price got a rejection from the weekly resistance on 164$ and not the price is creating another bull flag above the previous descending channel the price retested the previous dynamic resistance as new support exactly at 0.618 Fibonacci level. How to approach? The price needs to have a breakout from the weekly resistance and descending channel. Beware to the left, you can find the supply zone. So if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
NEARUSDT Wants to retest the ATH!?The price is testing the 4h support after the rejection from the supply zone on 20$ as you can see on the daily chart (the upper one) The price is creating a ascending channel below the weekly resistance on 17.7$ How to approach? The price could retest again the supply zone on the 20$, so if the price is going to have a breakout from the weekly resistance and dynamic 4h resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
#UBER fib leveles #UBER so if the fib levels are correct from our most recent swing low we wicked that .768 level and bounced off for a potential short term opportunity for calls to the upside at the 34, 35, 36 strike as there is a huge level at 37.50, looking at some flow data 35 strike for the 20th of may has 67 thousand OI sitting on it now 40 has 41 thousand both of which are interesting to me. looks like most short dated contracts are looking at that May 20th date or the Jan 2023
NYSE:UBERLong
by Stock_Hustle21
IOSTUSDT is creating a descending channelThe price is testing the 0.786 Fibonacci level on the daily timeframe on the weekly support (0,028$) On the 4h timeframe the price is creating the main descending channel and the market is creating a channel within it. How to approach? The price could retest again the 4h demain on 0.027 if the price is going to lose the dynamic support. According to Plancton's strategy , we can set a nice order The scenario is invalidated if the price is going to have a breakout above the monthly resistance (0.32$) ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
11
RTX: Underlying StrengthRTX with underlying strength prevalent in its technicals & fundamentals. Leading the industrial sector via geopolitical factors and a favorable balance sheet, RTX continues upwards on a channel trend and on several premises: 1) Buyer responsive price action that has been developing since Q4 of 2021 2) Participants driving auction over KSMAs, 3) Support held at key level of a bullish double bottom formation, PT upgrade to $115 from $105 x maintain of outperform rating via Cowen. Target Price: $110.17 - $125.00 // ATR: 2.29, Beta 1.33
NYSE:RTXLong
by GroundNinja
3
⭕️BUY NZDCAD ; Buy according to channel❗️❗️🔰You see the analysis of the New Zealand Dollar against the Canadian dollar in 1 hour ( NZDCAD , 1H) ❗️🔎 🔰BUY Limit NZDCAD at 85.650 ✅TP ; 86.300 ❌SL ; 85.350 🔰As is evident from the analysis, the price is located in a bearish channel, due to the confluence of the lower channel line (white line) and the demand range (purple range) around the price of 85.650 purchases in this region can seem low risk (although due to the strong downtrend that the pair has gone through over the past hours, there is also the possibility of breaking the down channel)❗️❗️ The target is also located at the cross of the downtrend line (white dotted point) and resistance line range (orange line). 👌 ⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️ I hope this analysis is useful for you🙏🏻🌹 📌Please introduce the "TRADER STREET" to your friends 🙏🏻 _______________________📈TRADER STREET📉________________________
Long
by TRADER_STREET
1
BTC chart a bear flog OR an uptrend ?Hello lovely people As you can see BTC chart is about to tell us if it's a bear flag which can take price down at least to 37,000 USD or even worse. However in other hand it can be a beautiful uptrend channel which is good for me (I mean, who doesn't feel that way) and this can take price up to maybe new ATH like 80,000 USD in a month or two . That was just an apparent thing I saw in chart and made an idea for it. Hope you enjoy this one and be more careful in opening new positions. Use stop loss everywhere and be safe :)
INDEX:BTCUSD
by BlackBead
2