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Beyondtechnicalanalysis

Sell GBP/USD Bearish ChannelThe GBP/USD pair on the M30 timeframe displays a potential selling opportunity due to a well-defined bearish channel pattern. Sell Entry: Consider entering a short position around the current price of 1.2580, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.2501 and 1.2453, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 1.2615. This helps limit potential losses if the trend unexpectedly reverses. Thank you.
Short
by KABHI_FOREX_TRADING
5
BUY GBPUSD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel Breakout: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signaled continued buying pressure. However, the recent break above the upper resistance line at 1.2610 signifies a potential trend continuation in the breakout direction. Buy Entry: Consider entering a long position around the current price of 1.2582, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 1.2610 and 1.2673. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken channel resistance line, ideally around 1.2560. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_FOREX_TRADING
1
Buy CADJPY Bullish channelThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Buy Entry: Consider entering a long position around the current price of 111.19, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 111.60 and 111.84, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the channel at 110.90. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_FOREX_TRADING
1
BUY EURJPY Bullish Channel PatternThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure. Buy Entry: Consider entering a long position around the current price of 161.50, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 162.02 and 162.35, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel at 161.00. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_FOREX_TRADING
1
Sell EURCAD Bearish ChannelThe EUR/CAD pair on the M30 timeframe exhibits a bearish signal due to a well-defined downward channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel characterized by two falling lines, one for resistance and one for support. This pattern indicates ongoing selling pressure and potential for further decline. Sell Entry: Consider entering a short position around the current price of 1.4503, situated close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.4465 and 1.4452, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.4523. This helps limit potential losses if the trend breaks unexpectedly. Thank you
Short
by KABHI_FOREX_TRADING
10
A Bitcoin Prediction (2024)In this chart, I uncover price levels across an identified cyclical pattern hidden within Bitcoin. I was initially hesitant to publish this, as I had been pondering the theory for a few days. However, as the price approaches the Phase 2 level, I believe the timing cannot be ignored, and a reaction may be imminent as Bitcoin could be on the verge of breaking out into Phase 2... I've posted a screenshot prior to where BTC is now (below) My discovery in finding this was not intentional nor was it believable. However, after identifying some familiar projective price targets deriving from Bitcoin's first cycle the compelling results left me intrigued and were enough for me to continue. Whilst continuously applying my method more and more results seemed to match with key pivotable phases. Once I hit 2020, I was sure to expect some variances, but to my surprise, there was not, and price levels were again matched to pivotable levels. It is to that point I followed through into 2024 and beyond. As stated in the chart there is no trickery rather, there is logic and reason. It appears, these predictions beyond 2024 are realistic and do not point to crazy moon boy levels. So with that, I leave this here to revisit and pay my respects. Some Observational and Key Points: I base some findings on a 2 x 8-year cycle rather than the conventional 4-year cycle. However, it may appear shorter than expected. Just as there are diminishing returns, there too is an aspect of diminishing cycle timing. While cycles are often recognised by their low and high targets, not many observe the time it takes to surpass a previous all-time high (ATH) or low. This is interesting because Bitcoin does not exhibit this repetitive behaviour in its history. I observed the peaks and troughs while noting the counts and periods across cycle phases and took a visual snapshot towards 2022-24 playing into more likely that of 2013-16. I've projected 2 ATHs as a range due to the nature of placement. The first target is primary, and wicks above could stretch into the second. Projections are also based on a 2-week (close) timeframe. Final comments: This is not an indication to be mega bullish and is NFA. The chart merely highlights developments I've identified and is not certain to play out, although quite probable. It is more of a "let's look back and indulge" - at least for me. Thanks and Enjoy!
INDEX:BTCUSDLong
by LiquidMafia
5
Buy NZDJPY Bullish ChannelThe NZD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing upward momentum and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel defined by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure. Buy Entry: Consider entering a long position around the current price of 90.05, which sits close to the channel support. This could offer an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 90.73 and 91.06, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel, around 89.85. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_FOREX_TRADING
3