BTC/USDT_BINANCE_FUTURESPair: BTC /USDT
Pattern: Ascending Channel
Strategy: Breakout, Short if you think BTC is going to fall after this pattern.
Ascending Channel
2106 EURUSD will meet FIBO 1.618, 1.075 SOON?Hello traders,
EURUSD is running in a very sharp ascending channel.
I think it is very possible to make a quick moving up to test resistance zone where also is the fibo 1.618 position.
GOOD LUCK ON BUYING EURUSD while Dollars is dropping.
LESS IS MORE!
2306 GOLD New Plan to sell to break 1800Hello traders,
GOLD is not a good idea to buy based on this 6h chart.
Our last idea to buy with a ascending channel has failed as price turn down to break the support line.
And a retest of the support line after breaking with bearish candle on 6H chart is sending a signal to sell now.
So keep eyes on the bottom three dash lines which could be targets for sellers.
GOOD LUCK ON THIS NEW PLAN TO SELL NOW.
LESS IS MORE!
2106 Gold try to reach 1889 soon?Hello traders,
Gold is on my buying list today.
The big flat red channel saying that gold is running a third impulse leg up with a new possible support above 1830.
1805 is considered as the 1st support and is the start of the 1st impulse leg in the green channel.
Two channels cross on 1889 where I hope will be the target of 3rd impulse leg IN THE GREEN CHANNEL.
Good luck on planning to buy gold.
LESS IS MORE!
Bitcoin (Technical) | weaker bullruns | Probability of fallingAny ascending trendline should be broken one day and usually in the third encounter from below and the weakness of the trend above the price will face a sharp decline. I do not think that Bitcoin will reach $0.01 overnight, but in the long run the chart trend after the break of $ 18,600 could be down And this new trend could indicate weaker bull runs. 18600$ is a very important point, in my opinion the validity of technical patterns in higher timeframes is very high.
Buy with stop-loss and in small steps.
CAD/CHF: short position; new updateFor what I analyzing in H1 timeframe, the price action only trying to break-out at favor by bulls. But we're in the point that we would need to short in H1 timeframe and keep away the H4 becuase the bullish perspective could be cancelled now, but taking in note that we're in the bull trend.
I will put a sell order limit to $0.7727 CHF and target to $0.7660 CHF (68 pips) and Stop Loss to $0.7752 CHF (24 pips)
Also to take confluence, the Oil it's drop and this it's a good alarm that Canadian Dollar will slip down.
This it's the panoramic in H4, we're still in this bullish channel perspective, but the price action take momentum of bears in H1. So, in this timeframe I see a 2 bearish candlestick with rejection and signal. I see a bearish pressure in the first candlestick and more later we see a beamish hanging man indicating sell in 2 confirmation more. That it's a bearish signal that CAD/CHF will down at least maybe 60 pips.
Also, I draw this level support to watch very good.
I hope that this idea support you.
Remember, the trend still bullish, but CAD/CHF it's into this bullish channel in formation and we're still in the phase #4 of Elliot Wave Cycle
Good luck in this short position
CAD/CHF: Bullish channel; updateCanadian Dollar/Swiss Franc still bullish in H4 timeframe, but we would need to see a break-out of this resistance in the gray color around $0.7738 CHF. If CAD break-out this resistance, we would need to hope as next step a pull back to confirm a buy entry to long. Not entry yet becuase the market it's not secure if CAD/CHF going to down, but we find bought.
I will keep update this par!!!
EURJPY : SHORT SETUPAscending structure with bearish momentum at the third touch.
Looking forward to a corrective structure within the 1h or 15min timeframe before taking a short position. OANDA:EURJPY
2009 till 2022, bullish channel, where we bottom by DIAAlright, so we can clearly see a bullish channel since 2009. During a bear market or stock sell offs, we deviated temporarily from the trend line ;there is no support there at the moment, or maybe we go more sideways. This could mean bottom is if we break 3700, 3311 swift capitulation, then bounce to 3600.
SPY with Ascending Channel on Multiple TimeframesPattern Identified- Ascending Channel
The Ascending Channel pattern was identified on multiple timeframes to include the monthly, weekly, daily and four hour charts.
Due to recent market climate and conditions, I am neutral on SPY until the channel breaks.
Peace & Prosperity,
MrALtrades00
*Lines were used on some of the timeframes to easily identify trend line touches.
*This is not financial advice.
BDL - Ascending parallel channel & Head and Shoulder patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
AUDCHF It will bounce from support Jun 8
Welcome back! Here's an analysis of this pair!
**AUDCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
Bitcoin Delivers Hopium as the Ascending Wedge ContinuesMy continued Bitcoin analysis gives me great indication that the Digital King has yet to reach its regional bottom.
$32.7-8 is expected to be a very key range as for resistance.
Based on Elliott Wave Theory and Fibonacci sequencing, $22K-$25K are also expected to be key levels of support.
All indications are based on the science of price action! No other indications are used primary however, RSI levels are often considered secondarily.
KCSUSDT wants another breakout! The price is creating another channel below the daily resistance after the market retested the 18$ as I told you in my previous analysis.
How to approach?
The price needs to create a new breakout from the 18$ and retest it as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
A Kangaroo Hop!Things seem to be going well down under. With Iron Ore prices jumping close to 8% last week, Australia, the largest exporter of the raw material stands to benefit greatly. In 2021, Iron Ore exports totaled close to US$120 billion. This contributes greatly to the demand side pressure on the Australian dollar.
Looking at the charts, the AUDUSD pair is currently trading at the bottom of the channel support on the 1-hr time frame. With the 200-period moving average right below current levels, we think downside resistance will prove strong and prices will bounce off the bottom of the rising channel quickly.
Stay tuned to the Reserve Bank of Australia’s meeting tomorrow and time your entry there! Assuming no surprises and the technical supports are intact, we favor the long side for the AUDUSD pair.
Entry at 0.7190, stop below 0.712. Targets are 0.7346 and 0.7460.
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
AUDNZD Top of Ascending Channel Welcome back! Here's an analysis of this pair!
**AUDNZD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
AUDUSD : BEARISH FORECAST Potential ascending channel reaching for a double top.
If the double top is confirmed, short entries will be on the watch.
XAUUSD : FORECASTING A BULLISH TRENDAscending channel with a corrective rejection at the third touch and a possible double bottom.
Long entries will be on the watch if price rises impulsively from here on.
Nvidia (NVDA)... Light in the tunnel ?There may be hope for you NVDA hodler's.
Nvidia's Share price appears to have held the bottom of the channel after a 54% decline from its peak.
While NVDA has bounced (apparent triple bottom), we need a strong tailwind (counter-trend) to propel it through the suggested entry point. (Top of rose colored supply zone)
Targets and a stop are marked.
The projected Harmonic Pattern marked is a Cypher.
(Projected harmonics have less of a success rate that fully formed ones)
Naturally we need a positive tech market for this to work.
Educational not investment advice. Do your own due diligence.
Good Luck
S.
Sunpharma view for tomorrowSunpharma view for tomorrow
Seeing ascending channel in sunpharma
Breakout will lead to more upside in coming days
FTMUSDT is testing the supportThe price is creating an ascending channel on the 4h timeframe after a bounce on 0.22 Monthly support.
The price got a rejection from the daily trendline (dynamic resistance).
How to approach it?
IF the price is going to lose the support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Chance to collect for long-term, 5.3 - 3.8On 4H TF
BINANCE:NEARUSDT is trading around 6.0
NEAR is hit a support at 1.272 Fib Extension but it might be drop one more to 3.8 before rally.
What next, wait and see
