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Descending Channel

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StoneTroyWestray StoneTroyWestray NEOUSDT, 120,
NEOUSDT: Clarifying Trend Channels Chart
132 0 3
NEOUSDT, 120
Clarifying Trend Channels Chart

This is a revised chart from a previous post. NEO -0.97% appears to have bounced off the trend line of a lower uptrend line. Price still within local -1.93% down channel but I believe this past downward movement to simply to be a market correction. This coin has great potential. I predict the price to adopt the less steep and more sustainable trend of the upward ...

Kishore Kishore PRO USOIL, D, Short ,
USOIL: USOIL CHANNEL RESISTANCE REACHED!( GET READY FOR HUGE IMPULSE )
762 0 18
USOIL, D Short
USOIL CHANNEL RESISTANCE REACHED!( GET READY FOR HUGE IMPULSE )

MARKET ANALYSIS: The pair is now trading inside a descending channel . As of now the current scenario shows that the market reached the channel resistance. So 4 hr candle gives us a better confirmation for shorting, We can go for sell trade setup. So lets wait and see what the market does in the coming days. Cheers!

Lucidforex Lucidforex EURUSD, M,
EURUSD: EURUSD Analysis
69 0 4
EURUSD, M
EURUSD Analysis

EURUSD Monthly. Anticipating test of broken weekly level then off to retest monthly channel resistance. With continued dollar weakness, price could break discending channel to test monthly zone 1.36

BethZu BethZu NZDUSD, 60, Short ,
NZDUSD: Price has been rejected by the up side of a descending channel..
115 2 12
NZDUSD, 60 Short
Price has been rejected by the up side of a descending channel..

So, may be this is a good moment for short... what do u think?...

As_Is_Here As_Is_Here GOLD, 240,
GOLD: WHICH ARE THE POSSIBLE SCENARIOS FOR GOLD?
359 2 19
GOLD, 240
WHICH ARE THE POSSIBLE SCENARIOS FOR GOLD?

Hello traders,i hope you had a great trading month,let's see what's in store for gold. As i said at my previous article concerning Gold(attached below) we had a retracement at 1,210 level and a Bullish Gartley pattern completion which already gave us huge profits hitting target 1 and target 2. So now what's the possible scenarios for Gold? TECHNICAL POINTS 1.We ...

Kishore Kishore PRO USOIL, D,
USOIL: USOIL INDISDE A DESCENDING CHANNEL
743 0 22
USOIL, D
USOIL INDISDE A DESCENDING CHANNEL

MARKET ANALYSIS: The pair is now trading inside a descending channel. As of now the current scenario shows that the market tends to reach the channel resistance. So once we reach the resistance and the candle gives us a better confirmation for shorting, We can go for sell trade setup. So lets wait and see what the market does in the coming days. Cheers!

TraderOSD TraderOSD EURUSD, 15, Short ,
EURUSD: Short trade EURUSD
59 0 2
EURUSD, 15 Short
Short trade EURUSD

Possible short trade on the middle bollinger line given the descending channel. Looking for a flag given the U.S. / Korea situation. Watch out for the news!

Dukascopy Dukascopy PRO CADJPY, 60,
CADJPY: CAD/JPY 1H Chart: Channel Down
32 0 2
CADJPY, 60
CAD/JPY 1H Chart: Channel Down

CAD/JPY 1H Chart: Channel Down The British Pound is trading against the Swiss Franc in a short-term pennant formation. The pattern represents the aftereffect of announcement of the UK Official Bank Rate and the subsequent Governor Carney’s speech last week. By the early morning, the currency exchange rate has practically reached the breakout point from ...

Isuru_M Isuru_M EURAUD, D, Short ,
EURAUD: EUR/AUD on a Bearish Channel
28 0 2
EURAUD, D Short
EUR/AUD on a Bearish Channel

EUR/AUD would possibly fall due to the resistance level and the formation of the bearish channel.. NOTE :- I am not a pro, just a learner.Feel free to show my mistakes. Thanks

Kishore Kishore PRO TATAPOWER, D,
TATAPOWER: TATA POWER INSIDE DESCENDING CHANNEL
101 0 4
TATAPOWER, D
TATA POWER INSIDE DESCENDING CHANNEL

market analysis: The pair is now trading inside a descending channel and is now reached the channel support followed by a huge bullish engulfing candle. If the support holds on we can expect a moment to the channel resistance. Long term scenario: The market is trading inside a huge descending triangle. It has reached the resistance. If the resistance holds on we ...

As_Is_Here As_Is_Here USDCHF, 240, Short ,
USDCHF: WE HAVE BEARISH SHARK PATTERN ON 4H TIMEFRAME ON USDCHF!
301 2 10
USDCHF, 240 Short
WE HAVE BEARISH SHARK PATTERN ON 4H TIMEFRAME ON USDCHF!

Hello traders we have a bearish Shark pattern that is alligned with previous price structure and overall downtrend. TECHNICAL OBSERVATIONS 1.We have the 200EMA pointing to the downside so short trades are favored. 2.We have Stochastics at overbought levels. 3.We have previous structure based on price and Fibonacci levels fully alligned with the advanced harmonic ...

clingwrappingsheets clingwrappingsheets SILVER, D, Short ,
SILVER: Channel trade for Silver
101 1 4
SILVER, D Short
Channel trade for Silver

Current prices are at the top of the downward channel which may be a build up for a short opportunity. For confirmation; 1. declining MACD histogram; 2a. oversold RSI levels; 2b. declining RSI levels; and 3. bearish engulfing. Trade details Stop loss: Immediate preceding high Partial profit: Short term profit in the region of the green lines (strong resistance ...

SN_Doumet SN_Doumet PRO EURCAD, 240, Short ,
EURCAD: EURCAD POTENTIAL SHORT - TOP OF DESCENDING CHANNEL
143 0 13
EURCAD, 240 Short
EURCAD POTENTIAL SHORT - TOP OF DESCENDING CHANNEL

Price nearing the top of a descending channel. Would suggest waiting for a clear bearish signal before entering. Details are displayed on the chart *DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE TRADE. NOT A TRADING SIGNAL.

As_Is_Here As_Is_Here USOIL, D, Short ,
USOIL: WTI IS BEARISH BUT WHAT IF FUNDAMENTALS GO TO WORK?
263 6 16
USOIL, D Short
WTI IS BEARISH BUT WHAT IF FUNDAMENTALS GO TO WORK?

Lately we have seen a lot of catalysts as far as WTI Crude Oil but less and unreasonable volatility than expected. We had: 1.O.P.E.C enlargement deal. 2.Libya's and Nigeria's supply growth. 3.Arab nations cut ties with Qatar. 4.US increase Oil production 10 months straight with new cheaper drilling methods. 5.Summer rally seems to have an effect on inventories ...

tom_mok tom_mok AUDCAD, 240, Short ,
AUDCAD: AUDCAD Short
64 0 7
AUDCAD, 240 Short
AUDCAD Short

price still move inside the channel. we can aim one more downside.

AByfield AByfield VNTV, D, Short ,
VNTV: Possible Evening Star in VNTV
31 0 3
VNTV, D Short
Possible Evening Star in VNTV

VNTV closed today with a possible Evening Star in the $63 resistance, in the upper side of a Descending Channel and closing the gap of six days ago. If tomorrow open with a gap down, we can enter short at $62.35 with a stop loss at $63.30 with a first take profit at $60.45. What do you think about this possible trade? KL: 62.35 SL: 63.30 TP1: 60.45 TP2: ...

Kevinsem Kevinsem USDTRY, D, Short ,
USDTRY: USDTRY Short Daily
93 3 4
USDTRY, D Short
USDTRY Short Daily

Setting up a short position bouncing off previous support turned resistance and the downward sloping channel. This looks to be a good play as risk on continues and emerging markets are gaining strength this year against the USD. Follows, Comments, and Likes are appreciated!

luckeyma luckeyma LTCUSD, 15,
LTCUSD: Litecoin restrace
1008 3 5
LTCUSD, 15
Litecoin restrace

After a solid rebound a few days ago Litecoin has broken down to retest support. Waiting on a solid break above the channel to buy in.

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