Parallel Channel

hey traders, euraud pair reached its decision zone: if we look at a higher timeframe we will notice that 1.585 structure level is very significant. Approaching it right now to scenarios are possible: one - is the structure swap. Clear violation of current resistance that will turn ...

There is a symmetrical triangle within a falling wedge inside a larger weekly descending triangle. Based on this analysis EUR/USD will break it's current pattern of consolidation and fall to 1.1170 - 1.1190 level before the end of the year. (2018). Price is expected to shoot up to the upper trendline (1.1600) afterwards. If price breaks that level, expect up more ...

Currently, Bitcoin will be moving in a large channel. According to my forecast, such a movement will be until March 2019. Most bitcoins are currently being bought by the big buyer. Soon there will be a crisis in the American economy. Wait for the growth of cryptocurrency.

NZDUSD pulled back to structure and is at the resistance of the descending channel good to enter short now SL : 0.68808 TP : Follow arrow

Let's assume such a bullish spike was not expected. Let's consider the fact that it all started with a huge whale buy that took 5 seconds to complete. How can we factor the resulting chart into an acceptable TA ? From an Elliott point of view, we could argue a corrective wave 4 upwards, which could end beautifully at the top of purple channel on a 4h TD ...

I like this setup. Good R/R. Entry around $5.75 stop loss around $5.50-5.60 - depending on position size and pain tolerance. Fred's is a solid company with descent dividends and call options look super cheap at the moment. A good a bet as any, especially with those gaps around $2.50. That would be my first target. Don't get in a pickle! The Shill Pickle

Good morning, traders. As mentioned was likely, during the live streams last week, we are finally seeing the pop that has been building. But we absolutely must see follow through. We still need to see a 4H or higher TF close above the December 9th swing high at $3633.20. That general area also happens to be the 4H pivot, so coming up through the bottom and closing ...

Good morning traders, GBPJPY is moving sharply to the upside and even accelerating above 146.00 that we see now as ongoing five wave move within wave C. As such, there is a room for 149.00 where three wave corrective recovery from August low can come to an end. That said, at the moment we see sub-wave iv of C looking for support, ideally near the Fibonacci ratio ...

It may be expected to target 2.176 as long as it remains above 1.878.

TRADING STRATEGIC BINANCE:ETCUSDT Hi everyone, Lets get started! ETC has been trading in a descending channel for weeks, however, Today ETC is showing us enough strength for breaking resistance and move up again, im not saying it will be massive but I think its gonna be a nice swing trade set up if the conditions apply. Chart Analysis: -Chart Time frame: 4H ...

Hi Guys! Look for this upward channel usually this chart pattern is a continuation for the downside and not for upside. If I have to take this trade I will take it from 26 to have a better RISK:REWARD To have a high probality on this trade we need to see price action that show buyers aren't in control of the market,you can use oscillators to help you (MACD ...

When Bollinger bands sqeeze into Keltner channel it means that a huge move is coming. I'm not ready to give any predictions for direction in this bear market, but in this situation we can put a tight SL and secure the risks, while potential for good profits is still very good. We may see spike towards 2800 which is ~9-10% ...

As long as the level of 14,50 cannot be exceeded, price movements trapped inside the channel can be seen.

As long as the level of 117 cannot be exceeded, price movements trapped inside the channel can be seen.

Good morning, traders. Once again, it pays to watch the morning live stream. After the breakdown of the small descending triangle, I stated that the most likely scenario was to see price print an SFP around $3200, which is exactly what happened. Price is now consolidating toward the large red descending broadening wedge's resistance. If price pops up and through ...

Nice end of the year, followed by a not so nice start of the new year?...

Hi traders. I found parallel channel in Nasdaq. If it reaches entry level, it's a good chance for short trading. Good luck. Thank you. Entry : 7430 Stop Loss : 7573 TP#1 : 7030 TP#2 : 6730

The Federal Open Market Committee (FOMC) is expected to unveil another rate hike this Wednesday, December 19th 2018. Probability of a rate hike is quite high, as a neutral or easing federal funds rate would indicate "a need for stimulus" in the U.S. economy (God forbid the FED indicates weakness in the economy while the stock market is sitting just above critical ...