Under Armour Nearing channel resistance at $19.80-$20 area Tight Stop loss (1%) with a short position off of the retest.
Trading in Upward Channel rejected/bounced multiple times Long position Tight Stop loss (1%) with a short position off of the rejection.
Trading in Horizontal Channel rejected multiple times Short position Tight Stop loss (1%) with a short position off of the rejection.
CF Industries Holdings INC Popped back into $41 - $45 Channel. Look for a possible pull back to support. Long position Tight Stop loss (1%) with a long position off of the retest.
So there's a few good reasons this is a good short. 1. Using the Rsi you can see it's being pinched against the 70 levels very tightly now. It should break through that trend line holding as support. 2. Price has reached a Resistance level set by the 3 peaks that occurred in October-December 3. Pretty good Inverted Hammer that occured on 2/25/19 4. Spx500 has had...
Evening from the UK. Let's talk Trend lines. Hopefully you all use trend lines within your analysis but on this occasion we have a descending trendily break. As you can see we have had a good 3/4 swing highs where price action has touched the top trendily found resistance and continued the bearish leg. This Bear leg could now become exhausted which may lead to a...
#GBPJPY On the weekly, price formed a strong channel and it’s being respected on all lower time frames. Price has pushed downward after reacting to a rejection of a daily zone which also line up to the recent down trend. Drawing a trend line downward from the recent Higher lows we could see a push upside for a retest of the trend line again. Which is another...
Looks like a decent R:R spot for buying in this channel on a project that I'm more bullish on than most altcoins
Happy weekend traders! whilst the markets are closed my eye has been scoping the opportunity for a short opportunity on NZDUSD. What you can see her is a Daily TF where we have a countertrend upwards trading channel (white trendily) in comparison to a over weekly timeframe descending channel (pink line). On Friday's closure with the high of High Non farm payroll...
Solid Up Trend Over 30 Days. Reached next resistance level. If break Past possible gains of 5-6%.
USD/THB is in a down-down trend, as evidenced by the 3-6-20 MACD signal line and 12-26-9 MACD signal line. It is also trading within a relatively wide channel (two parallel green lines). I have included the 7-day Moving Average as well, because since the middle of December, the MA has served as a reliable resistance level that the pair has yet to meaningfully...
Hi everyone! The pair continues to move higher above the initial channel which was formed in October (yellow lines). As mentioned previously, that channel is broken now, with the pair ripping significantly higher. This has actually formed a new channel (green upwards sloping lines), that began at the start of December and has continued since. There was a bit of...
The DIREXION DAILY GOLD MINERS INDEX BEAR 3X SHARES chart, in a one hour timeframe, has been forming a Decreasing Channel pattern, hitting three times the line above and two times the line below, in this case its advisable to observe the channel a little more until prices reaches one of the two lines to evaluate the opening of a position.
Aussie has been trading in a bearish channel for a while, but it seems like the end is near. it is near a strong resistance which has been tested previously 3 times, but in the end all got rejected. On the side note the price is currently around a major psychological level 0.70 It is also heading towards a major supply zone which might push price back up. For...
Trading within the upward channel that has formed since the beggining of Spetember. Good Resistance Support around 1.1725 and at the 1.17 handle. Channel profit targets 1.1785 (July high) and at the 1.18 handle.