Primary Chart: 2D Chart Showing Downtrend Parallel Channel, Fibonacci Levels and Major Support at YTD Low Gold OANDA:XAUUSD could be nearing a tradeable low. The primary degree of trend remains bearish. Lower highs and lower lows on the daily and weekly chart appear. The downtrend channel on a log chart (or linear chart) has contained highs and lows since...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
the chart shows the Bitcoin Parallel channel. BTC is below the resistance and retesting the Broken Support/Resistance.
Dear All, I Believe we are going one more wave higher. Please consider your SL and risk management. Best Regards
I have another chart for KDA with a cleaner price action moving into the middle of December 2022. I have two price targets which are $0.46 at the 1.68 Fibonacci line and one at $0.59 which is another Fibonacci line. From the previous top, we had a 43% drop in price, and taking the same percentage drop into this recent possible high would bring us down to the 1.68...
Dear All, Once again we reach to our good area to short! always consider your SL and Risk Management. Best Regards
Go short for currency pair GBPCAD. Pin Bar formed at resistance level of parallel channel.
As you can see we have a descending channel that has the Bitcoin price at $25k and two points touching the bottom of this descending channel at $17.7k and $15.8k. If we come in contact with this lower (yellow) trendline (mentioned by Gareth Soloway) we could possibly see price action at $9.5k. If this is the case the bottom could well be in this bear market.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for AUDCAD. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
I did a clean chart on SPY as my original chart was quite cluttered but I think this gives a very clear view and why I thought this recent move higher into resistance was a very shortable area. There are 3 very important inflection points which 9 out of 10 times were going to get a reaction. These all come into play between 402-410 on the SPY 1) Orange line which...
I'm still bullish on EURNZD. I'm taking my long position to 1.67000.
Its quite a nice looking channel here on the 10 year yield chart. Probability of a bounce higher off this support level seems high indicating potentially a fall in bond prices in the short run.
USOIL is breaking down! The trendline from 2020 has been destroyed by the bulls recently, and we can free fall to 61.76 without any problems. On the monthly chart, you can see a falling wedge, and all patterns should be retested. This is a chance to retest the wedge on the breakout point at 61.76 or even lower at the trendline. This chart is totally brutal,...
GOLD is currently very close to an extremely strong level, which is the previous swing high from August 2022! The market will probably want liquidity above this swing high. I expect price to break this level and touch the top of the parallel ascending channel. As per my Elliott Wave analysis, a classic impulse wave is almost done. This is a simple pattern that...
AUDUSD on the 4h chart is trading inside an ascending channel. The market is now testing the lower trendline and a possible break can be expected during this week. How can i approach this scenario? I will wait for a potential break of the dynamic support and IF the price satisfy the condition i will apply a nice short order according to the Plancton's strategy...
Need Breakout of currently Range to follow further move. Best of Luck
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.