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Channelbreak

BTC 1h Ascending Channel breakdown confirmedThe price of BTC broke down from a bullish ascending channel. Right now, it has a VPVR resistance at the 28550-28450 level range, which, if broken, leaves the price without significant resistance until 28000. Trend waves are exhausted at the one-hour timeframe on my indicator at the bottom, so rejection is possible at this point, but the four-hour time frame is coming down strongly. I'll call this neutral because depending on your trading style can be both bullish and bearish. You know I'm looking for long-term shorts. But as always, I am aware of the trend. You should be too. 😊
by RockinHood
1
GBPUSD - New Buying Opportunity !Hey Traders 💖 On The Daily Time Frame The GBPUSD Price Reached a Key Level (1.24482-1.25258) The Price broke and closed below a key daily structure support . The GBPUSD Formed an Ascending Channel, Currently The Price is Testing The Support Line of The Channel ! if price stays above the key zone, GBPUSD can continue the bullish move ! ----- TARGET 1: 1.24985🎯 TARGET 2: 1.26195🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Long
by Hsan_BenAhmed
1
Corrective Movement for AUDUSDThe AUDUSD pair has reached a support level, with a divergence appearing on momentum indicators. This could lead to a corrective movement, with a retest of the channel it escaped from, the 100 and 200 moving averages for the 4-hour timeframe, and the Fibonacci level of 38.20% around 0.66630. The price is then expected to drop towards 0.6550. Please share your thoughts in the comments and show your support by liking the idea. If you're interested in more ideas like this, please follow. Your support is appreciated!
Short
by Candlestick_OB
Gold 4hr TFCurrently, my primary focus is on the gold market, and I am patiently awaiting a potential breakout from its current channel. Such a move would provide valuable insights into the future direction of gold prices. However, I am also keeping a close eye on other market indicators, such as gold miners, to gain a more comprehensive understanding of the market conditions. My analysis of these indicators suggests that gold prices may be poised for a downward trend, as gold miners have reached similar percentage gains but are currently trading below expected levels. Therefore, I am closely monitoring the market to determine the best course of action, as I anticipate a possible bearish swing in the gold market. In the event that gold does break out of its current channel, my buying zone would be around 1950.
TVC:GOLD
by ChartStrategist
AUDUSD: Bearish breakout (Sell opportunity)The AUDUSD currency pair has exhibited a recent uptrend within the M30 bullish channel, presenting favorable opportunities for range trading. However, a bearish breakout occurred below the lower boundary of the aforementioned bullish channel at 0.66620. This event was followed by the pair’s breach of a key support zone at the psychological level of 0.6650, establishing a bearish market structure that underpins bearish sentiment. Moreover, a bearish harmonic pattern has also materialized on the M15 timeframe, which adds weight to the bearish outlook. It is plausible that the pair may test the previously violated support zone at the psychological level of 0.66600 before initiating a decline. In view of this, my short and medium-term targets are set at 0.65943, with 0.66000 serving as an alternative target.
Short
by Samuel124
Second Attempt at Weekly Channel BreakoutYFI is attempting to break out of its weekly channel for the 2nd time, last time it failed but has since kept pushing on it. Let's see if we get an actual breakout this time. First need to see it get and hold above the 200 day EMA, then targets come into play. Otherwise lose the top of the channel and it may either push for a 3rd attempt, or it could swing back down towards channel bottom This should show 3 touches on both ends, below:
Long
by dudebruhwhoa
USDJPY M15 UPDATEUSDJPY seems to be losing some STEAM on this current uptrend, which is to be expected as we have gained some significant value and rather quickly since USDJPY hit its bottom around the 128 area. Multiple tests of the upper channel trend line, and a consolidation of the price action give clues to the next move. A retracement and retest of the BOTTOM CHANNEL TRENDLINE on our h4 chart is very highly likely. Look for another rejection of the upper channel and subsequent bearish momentum candle for short entry. ALTERNATIVELY, Swings can safely be resumed around the bottom of the channel, near the 133 zone. Some traders MAY mislabel this pattern as a HEAD AND SHOULDERS, although the structure is similar, labeling this pattern as such can cause confusion as the price action could easily retest and return to the top of the channel. NECKLINE of a "potential" Head and Shoulders pattern has been drawn to illustrate the break of the neckline and the invalidation of said pattern. Remember traders, keep it simple, trade what you see, dont over analyze
by NakedTrading4U
2
NASDAQ 100 Futures for the week 2/21 to 2/14 The clear up trend and the symmetry of the prior swing pattern have been broken. The resistance turned support so well. It’s possible to see another 100% extension as bulls’ target price. However, considering what is shown in the previous point and the descending triangle that the market is forming now, I stay neutral at this moment. Conclusion: 1. Long only if the market up breaks the descending triangle. 2. Short only if the market drops below the prior low. 3. What to do when the price is going between center line and prior low? - The price would be under the center line, meaning the market is more bearish like. - But the prior low has not been broken so the down trend has not been confirmed. → The direction is not clear, and the market is likely to go sideways. Or only enter short position. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!
by stock_adelie
2