Get started

Descending Channel

USOIL 102.35 -4.03 % SHORT IDEA * CONT. PTTNS & PRICE ACTION 💡HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. LOOKING AT THE USOIL * The ENERGY is currently trading in an DOWN-trend , just consolidated, tested the roof of this structure . - Short term the ENERGY is currently at the supply zone could go lower so looking for possible continuation with the bears. - Looking for SHORT entries on the THE CRUDE this week should all the rules of the formation be met. ******* CRUDE OIL INVENTORIES YESTERDAY saw an increase in the oil is actually less than expected @ 3.449 M which implies LOWER demand and the energy could react BEARISH . SHOULD WE BREAK BELOW HERE'S A POSSIBLE SCENARIO SCALLED DOWN TO AN HOURLY TF So lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:USOILShort
by PULEMokhothu
AUD/CAD: Bullish channel perspective!!!As Australian Dollar/Canadian Dollar drop at least in the range of 43 pips approximately and hit the 0.618% of Fibonacci in that yesterday analysis of what we see a double break out and the formation of ABCD bearish pattern. So, my trade was not bad, but I didn't closed up my posiiton at $0.9350 CAD when reach the 0.618% of Fibonacci zone, but I closed up my trade near of my price entry, just that at least I earn like 2 pips in this stupid trade, what I suppose to closed up my target in the exactly 0.618% and I would have 44 pips approximately. But don't worry, our technical analysis could to fall and sometimes we would need to work mroe and be cautelous how the market work. As I dont thinking that in H4 timeframe was a good confluence to buy in the 0.618% too in that key Fibonacci level. Look below!!! That was a good confluence in that trending, and that mean that Australian Dollar will continue up. But to update now, we see that if Australian Dollar break up this bearish channel to the upside what I show you in htis blue arrow line model, this could be a a good perspective to find up long position in this Forex par. So guys, my previously trade was not bad, but my perspective was very good in what targets could AUD/CAD to reach, but be cautelous what happen in the price action, I decide in the past hald 5 hours to closed up this trade as AUD/CAD make a bull movement. But we can't to trade indmediately in this trade until break out this bearish channel. Also, I guess you to read my previously analysis of there of what I talk about yesterday in AUD/CAD about double break out and ABCD bearish pattern and my measure using Fibonacci level for targets. Goes to the link to related idea and click on.
Long
by harisonhbn9718
6
How high will waves go? Chart suggests $56.Waves having a crazy bullish pump in which it has reached a new all time high, and based on the chart pattern it broke up from of a falling channel, it should keep going until it reaches its target at $56. I’m guessing a correction from there but it could easily continue higher after cooling off. We can also see a bit of a double bottom inside the channel however the double bottom pattern has the same breakout target as the channel. *not financial advice*
WLong
by DrDovetail
CHR/USDT TRYING TO BREAKS OUT! Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this CHR/USDT TRADE setup. CHR looks promising here. CHR is trying to break out from the descending channel in the daily time frame. If the daily candle closes above $0.55 then buy it or you can buy it now with the SL. Entry range:- $0.53-$0.58 Target:- 100-120% SL:- $0.498 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
FTMUSDT wants to go higher?The price is testing the confluence zone on 1.4$ zone. as you can see on the upper chart, the price is testing the daily resistance after the breakout from the falling wedge on the lower chart, on 4h Timeframe, the price is creating a rising wedge after the flip of 1.3$ resistance as I said in my previous analysis How to approach? the price needs to invalidate the rising wedge (usually is an inverse pattern) and retest the upper trendline as new support. If and only IF the price is going to confirm the flip, we can apply our rules to open a new long position. The next valid resistance is 1.6$ where the market has 0.618 Fibonacci level resistance
Long
by InkyGrip
2
ICP/USDT : On the verge of breakout BINANCE:ICPUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! $ICP is on the verge of breakout on the channel's high. Currently it's moving into a descending channel and after the break-out, It'll be able to climb up to the higher S/R $38.2 ! - But it's better to wait for a proper hold above $24.3 to take Long on it. - Be aware that we have the possibility of reversal on $BTC at $49500's resistance. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
9
ADA/USD: Weekly timeframe analsyisThis it's very interesting what I see. Cardano it's find up a strong support around $0.98 cents in weekly timeframe. Also guys, I update this background to blue white just for cryptocurrencies and stock market like my template for this market. So guys, Cardano it's in this bearish channel that maybe could to break up. So, tomorrow we have a clue to know the weekly timeframe on how this weekly candlestick will closed up. So guys, I love to trade cryptocurrencies and stock market by H4, H8, Daily and weekly timeframes. I'm more Day Trader and Swing Trader for this market. I hope that this idea support you so much!!!
BINANCE:ADAUSDLong
by harisonhbn9718
⚓US500 4510.4 SHORT IDEA + 0.94 % * PRICE ACTION & STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON US 500. The index opened the week with a bullish rally since it broke out of that descending channel. * The index is still strongly bullish looking at momentum to the up side, but what goes up must come down the question is where. * Have a couple of levels to look at with interest ahead, will be looking at reversal patterns at this levels. * Break above of structure puts the second entry into play. - looking for reversals with the bears see below. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
UShort
by PULEMokhothu
GBP / CAD 1.65882 - 0.1 % LONG IDEA * PRICE ACTION & STRUCTUREHEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE GBP / CAD * The PAIR has been trading in a FALLING WEDGE range-bound within this structure , retested this level somewhat now signaling continuation. - Short term the pair is currently rejecting at this structure possibly signaling continuation in momentum on the 4h chart this in a falling wedge at the support within the structure.. - Looking for long entries on the THE POUND / CAD this week should all the rules of the formation be met. ON THE HOURLY SCALLING IN FOR ENTRIES HERE IS WHERE WE ARE AT lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
2