Technical view
USD/CAD is currently in descending channel, on Daily time frame, we can see a breakout from that trend line at 1.30191. The first resistance area is from 1.3314 to 1.3344. I will wait for price action confirmation from sellers to move lower. Otherwise, if that resistance area would be broken I will be watching how the price will react to the next...
Morning traders
Following the big moves in euro after yesterdays european central bank meeting and the Euro spiking higher on lower than expected levels of Quantative easing being announced. The move higher has taken Euro Cad to the upper levels of the descending channel as per our trading view chart work. This coincides with extreme overbought levels on...
BTC holds the 10000 USDT mark though there are no buyers to boost the price on higher levels . It seems though from the chart that we will have to go higher for price to prepare on going deeper on lower lows territory as any attempt from sellers the last week only resulted on strong bounce back above 10000 every time we touched bellow that ,creating a bullish...
Hi,
All info provided in the chart. If you appriciate this idea leave a like. Click on follow to receive a notification when I publish a new idea.
Thanks
SINCE YESTERDAY DUMP OF BITCOIN, THE PRICE BREAK BELOW THE LOW LEVEL
SUPPORT OF THE SYMMETRICAL TRIANGLE WITH AN 50/50 OUTCOME. NOW IT LOOKS
LIKE THE BULLS ARE BEING WEAKER AND WEAKER.
AT THIS POINT WE'RE...
Price is at channel top.
Trade Options.
Option 1 - Price breakout channel top - wait for daily close above channel top.
Option 2 - Price bounce off channel top - Enter short on candle close below 38.2 fib - TP channel bottom.
Option 3 - Price at channel bottom, A price bounce bullish, B price breaks below channel bottom.
Short trade - Wait for...
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !
Price has been in a descending channel chart pattern
Option #1 Entry on a Daily Close above Channel Top
Option #2 Entry after Break-Hook-Go pattern completes
3 different Take Profits at resistance levels
Stop loss below swing low
Hi all,
First of all thanks for the likes and dm's about the BTC idea from yesterday. Appreciate that :)
In front of you the 4hr chart of bitcoin.
Yesterday I published a possible descending triangle formation, but after the move of 12hr ago there is also another possibility. The strong support and strong resistance where broke LIKE NOTHING. That was a great...
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !
Right now the market is on a downtrend channel as a trend trading setup, if the channel holds it produces another shorting opportunity.
However, if it fails, a bearish shark appears within the sell zone for a trend trading opportunity.
I haven't been keeping an eye on this setup, so I got to pay for that by missing the initial breakout. However, the upward/bullish sentiment is still prevalent, so we can still take advantage of that.
As we can see, we had a pretty long descending channel and fortunately for us, it broke above the resistance line and we are now anticipating the market to test the...
Ranges, Descending Triangles, Triangles, & Ascending Triangle are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the...
PLX broke below support last week, following its earnings.
If PLX won't close above support this week (which looks like it won't... but still about 60 minutes to the close), it will probably continue lower.
The next potential Buy Zone is near 0.18$
The chart shows that near 0.18$ we have:
- Completion of a bullish Butterfly pattern
- The bottom of a trading...
The price has formed a descending channel so we are waiting to make a rupture upwards given the MACD divergence and its closeness to a very strong historic support. We can also see a double top within the channel.
Comment your opinions!
