GOLD: Still Going LongSeems like gold is still pushing for higher levels. It is reaching a channel line soon. We might see it breaking through and continue going higher. But if it doesnt, we can see gold going back down to Dec 2016 area.
Channelbreak
Broken channel, break tested, now is the time for sell off ;)I think this pair is about to go down for a few hundreds of pips. will see
USDCADI'm long USDCAD. It's the last time for the pair to go touch the upper trendline. Then, it's going to go down. The USDCAD could touch the 1.20 - 1.15$ by the end of the year.
VCIT - Longterm Upward channel breakdown Short from $84.83VCIT was one of our recent Short alert. It is running within a broad Upward channel, noticeable in weekly frame. Moneyflow was diverging & now in the negative side. We been waiting for the perfect entry point & now it seems ready to fall. We think it can decline down to $79 area.
* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Longterm Upward channel breakdown
Entry Target Criteria- Break of $84.83
Exit Target Criteria- $79.73
Stop Loss Criteria- $86.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
EURUSD short on continuing channelThe channel seems to hold tight. I believe we can still enter on this short and aim for the bottom of the channel before we buy again.
This is a good intraday trade.
TP 1.081 or below
Sl above 1.090
Is this the perfect spot to sell EURAUD? Price move in a daily rising Channel. I'll wait for the price to touch the monthly resistance line.
EURAUD Heading Lower Next Week?The EURAUD appears to have closed below channel support that extends from the February low. However, the 1.3900 support area isn't far below Friday's close.
I booked profit on my EURAUD short at 1.3907 last week for +190 pips. Depending on how Monday opens I'll be interested in shorting the cross again for a potential move back to the 1.3670 region.
Break of Minor Channel and Channel continuationThe price is now on a decision point.
If it breaks the minor channel it will most likely test the upside of the bigger channel.
AUDUSD shortChannel broked
then it retested the previous structure
Now is the good opportunity to short
s. l - 0.76366
t.p - 0.73532
Channel Break and trend continuationIt seems that the EURUSD is about to test a strong PRZ.
Let's see if it breaks this minor channel and shows signs of trend continuation.
Europe 50 Bullish Channel: Expect More BullishnessWe can see a clear upward channel here. Unless we see a breakout, I expect further bullishness. We may see some sideways movement first as there may be some resistance from the recently completed triangle. If this is broken, rapid increases are possible.
Overall Bearish Perspective on GoldEven with the US Dollar Index going side to side this week, Gold has fallen quite a lot.
I expect this to fall to 1180 after a retest of the resistance trendline of the bearish channel.
USDCHF CHANNELLove the respect for the lower trend line boundary here. Near perfect closes and bounces from the green highlighted areas. The upper line is debatable but we'll jump that hurdle when (if) we get there. If the current candle closes again on or above the trend line I will enter a long position. Enjoy!
Counter Trend Trade on NZDCHFGood afternoon traders!! I hope you have had a great day so far!
Here we have the market testing structure looking left as well as the bottom of a daily channel. It is also over extended at the 1.618 inversion and recently oversold on the RSI. I was waiting for a clear rejection of that level and we just got it. I went long on a double bottom on the 1H timeframe. I am showing you this chart because the opportunity can be seen more clearly on this one.
Please feel free to comment, as, and even criticize!
Best of luck on the markets!!
Up-Trend Channel - BreakoutShort Bias - Looking for the price to break out of up trending channel, and upon retest go short.
SPY -long ideaTrend is indeed in favor of SPY -now some may suggest that we need to chart Futures but to be honest it won't make a difference in this case.
No point of taking a long position until either 235 is re-tested or 237 for a scalp.
I'd wait until 235.22 test though. It could also come down all the way to test upper channel line, slim chance but possible.
Although I feel like -if it tests 235.22 it might very well trade sideways for a while.
Like always trade accordingly.
