Good Day Everyone Here's my idea on the USDJPY pair looking at two possible scenarios on the pair, looking to see if the descending channel holds or we will see a break above the channel and see a move to the upside, the pair is fairly close to my 200 MA so i will look for the channel to hold and see a move to the downside to go retest the structure unless we...
Good Day Everyone Here's an idea on the GBPJPY pair, the pair broke out of the ascending channel on the 4 hourly chart corrected a bit for a retest of the descending channel should the structure hold looking for short positions in the pair should the bulls come into play and we see significant moves to the upside the trading plan will change for now looking for...
Good Day Everyone Here's an idea on the GBPJPY pair, the pair broke out of the descending channel went down with the bears to retest support level 132.912 could the ascending channel hold on the pair not sure just yet but looks like bulls are still in control one the GBPJPY...
Good Day Everyone Here's my idea on the S&P500, still in the descening channel looking for the structure to hold and we see bears coming into play ______________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - DAY TRADE TARGET -...
Good Day Everyone Here's an idea on the USDZAR pair which has been trading in a descending channel and rallied up in an ascending channel within the descending structure looking for a rejection in the descending channel and a break below the ascending channel to trade with the bears on the pair, a break below the ascending channel will signal this short position...
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..!!
🐞if you found my ideas helpful, don't forget to like or leaving a comment 🐞🍻 🥂 CHEERS!🍻 🥂🐞
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.