Notice a potential Ascending Triangle pattern drawn in blue. A breakout to the upside of the Descending Channel would mean there is a possible shift from a bearish sentiment to bullish. This strategy will have you buying the break above the channel. It’s recommended that buying into this break should occur after multiple tests of the upper channel line....
The market after a sharp rise hit the upper trend line of a descending channel and has now found a support area around the 0.65 area. If the market will manage to break the support structure we can look for a nice short order according to our strategy with a possible first target around the 0.633 area and a 2nd one around 0.623 zone. ––––– Follow the Shrimp 🦐...
Buy opportunities at the double bottom or at the break of structure of the descending channel!
EURZAR Broke an ascending channel and now the price bounces on static support. If the price creates a breakout According to Plancton strategy, we can set a nice order ––––– Follow the Shrimp 🦐
GBP has been one of the weakest currencies for some time now and it's easy to see that from this chart The FX market has been quiet for the majority of the week and it looks like GBP tried to regain some ground albeit slowly It could continue to gain but the overall bearish channel is what I'm focused on. I'm watching for bearish setups on GBP pairs but waiting to...
GBPUSD (Update) In 4h Chart pattern GBPUSD forming a Descending Channel.. Friends, please hit the like button, and write any comment, this will be the best thanks from your side..!!
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Price has been in a descending channel since 2017. We are now currently consolidating at a previous resistance level. I will be waiting for a break of this range to the downside followed by a retest of the zone in which I will look for entries. Target areas will be at previous monthly support levels (0.8400). This is a long term move
Apologies for not being as active with TA posts, I have been more focused on automated trading and in fact we are in process of working a relationship that will integrate our order book and order flow data from vcdepth.io into a major automated trading platform. BTC is in a unique place worth mentioning. First, BTC has had a 5 year bull run never once breaking...
USDCAD bounced on W structure and now the price attempts a breakout on descending channel According to Plancton strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDMXN is currently in a descending channel. I would like to go for a sell if price reverses from the trend line. Be aware of support at 22.18. Price could react of this support so keep an eye on it.
GU just broke through a minor support level and we can clearly see a descending channel, a good time to short is when price retests the previous support broken, as the arrow indicates
When the week started I did publish analysis on this pair as it bounced off the monthly trendline resistance giving us a low risk and high reward sell setup up. Right now it has reversed and made a lower high signaling the start of a bearish trend. This is a chance to scale in and ride with the trend. Thanks for viewing. Comment with your thoughts I'd like to hear them.
EURNZD is still under the previous support and the trendline resistance which makes it a good low risk sell setup. Thanks for viewing. Comment with your thoughts I'd like to hear them.
While AUD has been showing alot of strength in the past weeks, we are likely to see a break of the pullback into the overall bearish direction and moving within the descending channel. A break of the trendline resistance is and indicator that the trend has changed. Comment your thoughts, I'd like to hear them.
We can properly see a descending triangle figure applied on this market; after a clear downtrend the price broke the channel pushing up. We expect the price reaching back the previous resistance at 1.3863 (base of the triangle), and it could be an interesting position considering the Stochastic oscillator oversold. Let us know if you like our idea, leave a...
We were in a channel 9200~9900 since almost 2 weeks. This channel is gonna break and this range is almost done ... why?? look macd ... Macd formed a triangle and its ending. We're going? In my idea we are going down to 8k area, why? rsi is in descending channel(divergence), from the beginning. Why 8k ? First of all that shadow showed us the potential of 8k magnet,...