Pidilite broke out of descending channel with good volumes Could be bought with mentioned stoploss & targets.
Hi Traders, AUDNZD is shaping up for a potential drop as we are moving within a LTF channel at the top of the HTF correction. We have a few good indications that a short may be possible, but only with clear bearish price action as our confirmation. Don't rush entries yet as the price could continue to rise, be patient and ensure your rules are met. What's your...
Hi Traders, AUDCHF has been consolidating since December in a larger channel which now the price is approaching the HTF upper boundary moving within a LTF corrective channel. If we look where the first impulse began, we can see that the price made a double top which then impulsively pushed down with a bearish continuation to give more room to fall. After a...
Hello traders: Lets take a detail look into and what could be some possible development in the coming weeks. From my previous analysis we can see price did push down to the lows of the higher time frame structure, but just didn't continue the bearish move. Instead, we then see some bullish impulse phase reversing up. In the last 2 weeks or so I have been...
Hi Traders, AUDCAD is approaching a key level which we may be able to get a long entry if price action gives us confirmation. Price action continues to give us bullish continuations which we should get a push to the upper channel boundary. Keep this one on your watch list Follow your trading plan! Support more of these by clicking the like button if this...
Hi Traders, GBPAUD has been shaping up to give us a breakout and a possible CAB entry for a short position. Pride is approaching the bottom boundary from making a double top and impulsively pushing down. Looking for a impulse breakout followed by correction before entry will be taken. What's your view on this pair ?? Comment below and let's talk about it....
Hi Traders, Price action is still looking bearish on GBPJPY as we had a double top at the top of a channel pushing the price impulsively down with a breakout following by another correction. Wait for confirmation before getting caught further into this current consolidation. Good Luck! Support more of these by clicking the like button if this has helped...
Hi Traders CADCHF is showing bearish price action with multiple corrective structures developing. The last correction gave us an LTF correction at the top of the channel to validate a sell opportunity. Price pushed down and gave us a CAB entry (correction after breakout). Manage your targets appropriately and follow your trading plan. Click the like button...
The price is within the ascending channel. Locally the price is overvalued. I expect decrease to the level of support before further growth to the target indicated on the chart.
The price continues to move within the descending channel. Volatility decreased when trying to break through the resistance level. I expect a fall to the resistance level.
The price is at the lower boundary of the ascending channel. Stochastic RSI is below 20 points. I expect the retest of the support level, and then the growth of the price to the upper boundary of the liquidity zone.
In parallel channel, hit the bottom for the third time with decreasing volume each time, much higher volume than surrounding candles. Big buy pressure.
The trend of the movement is within the descending channel. Several times rebounded from the 200MA. The price has formed a double top pattern. I expect that the price will test the support level, the upper border of the channel and only after that will continue the downward movement.
BTC price is moving in a rising channel which is getting near to the midline of it . if the price cross the midline the targets would be 60,000 , 67,000 and 72,000 in long term .if the midline resist price can touch 45,500 or 39,500 again , and if the price doesn't support , it may fall down to 35,000.
The price is locally oversold, but is moving in an upward channel near the support level. From the current levels, I expect that the price will reach the resistance level.
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The price is creating a descending channel on the daily timeframe. We can see two false breakout. Not the price is creating a consolidation above the daily support and dynamic resistance How to approach? IF the price is going to have a breakout from the daily dynamic resistance and weekly resistance (120$) According to Plancton's strategy , we can set a...
JSE:CLS is trading in an upward channel and has recently bounced off the bottom. Based on momentum indicators, it looks like it could be gearing up for a nice upward move towards the top of the channel.