Welcome back! Let me know your thoughts in the comments! ** EURNZD Analysis - 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...
We are looking at a conflunce of Events at area marked A: 1. EMA channel still holding Trend 2.Trendline Bounce 3. Support Turned to Resistance 4. Whole Number 5. And possible Dumping/Stop hunts earlier in the week when price moved fast to that zone stopping al those who took Short position early.
Will Price hit the resistance level on the descending channel a 3rd time & breakthrough for a possible uptrend? or will price bounce off the channel resistance and continue in the descending channel for a bounce down for the 3rd time? what are your ideas?
Netflix has been moving in a channel lately. It has hit the bottom of the channel and is expected to move back towards the top again giving a long opportunity.
Seeing this strong upward channel on the 15 minute chart. I think if it holds at the lower support she'll bounce to 394. Please comment and let me know what you guys think and if ya agree or disagree. I want to see what other people might be seeing as well. Good luck out there my fellow traders!
Wait for the pullback down to the orange box for a long entry The support shown has confluence with the 100EMA, .618 Fib pull from the last swing high and the bottom of a respected channel . Expecting a bounce in the area shown but please be aware of the numbers due today and tommorow . The American petroleum Institute on crude oil stock levels as well as...
DASH has taken off these last few days with huge fluctuations of 30%+. It's currently headed for support level, hopefully followed by another huge rebound, all in the next day or so. What do you think? Will it bounce or drop under support level? It could drop even faster and farther in the next 6 hours down to $230 or below. And it could rise a good bit further...
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USDCAD is in an ascending channel right now on the 4 hour time frame with price looking to test and bounce bullish, or break the channel bearish and fall to support.
IRIS/BTC got listed on Binance a few days ago, formed a falling wedge since then and looks ready for a bounce. The wedge ends right on the top of the previous uptrend channel which also has additional support from the 45m and 1hr 200 MA. Order books are thin as paper so I expect a bullish breakout soon. Buy zone: 490-540 sats Depending on your risk management you...
Simple but effective: to add to the general idea of buying a stock that's in the extreme range of a channel, this stock is continuously ranging within channels for the last bazillion years. Since we're nearing a bottom and the stock is in a general uptrend anyway, that compiles to three solid reasons to consider going long on this stock. Reasons to buy at current...
Channel respected, or not - we will see. The down move was a zigzag, with the triangle in wave B. To confirm the upside - need an impulse up, overlapping wave A extreme of the zigzag, and a correction. Lower boundary of a channel should act as support. PS. Channeling techniques for Elliott waves have some specifics. If we draw a channel to project wave4 of the...
this is what I'm looking to see in the following weeks.
USDCHF IS CURRENTLY TRADING IN A CHANNEL WHICH CROSSES INTO ONE OF MY VERY WELL RESPECTED MAJOR SUPPLY AND DEMAND ZONES, THE TRADE IDEA ITSELF SHOULD BE A SMALLER TIMESCALE TRADE TO NORMAL (WITHIN A WEEK) HENCE WHY I WILL BE LOOKING FOR PRICE ACTION CONFIRMATION ON TIMESCALES RANGING FROM 1-4HR AS ON THIS TIME FRAME THE PRICE DOESN'T ALWAYS STICK AROUND FOR A...
Getting higher lows and support inside the narrow wedge channel at and above 3095. This can break anytime, but it looks and feels like we could get a retest of ATH price at top of channel before it rolls over, to give a double top. RSI and volume diverge but often get the retest on low volume and relatively weak price action. Hanging on to my seat atm, watch,...
Despite whether you disagree with their censorship, this is the right "business" decision. Maybe it isn't ethical, but it is beneficial to maintain their relationship with China. Plus the controversy will act as publicity for the company. Oh well, as always, trade at your own risk.