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Channelbreak

Buy GBPCAD Channel BreakoutThe GBP/CAD pair on the M30 timeframe presents a potentially interesting situation with a bullish channel breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the channel, ideally around 1.7175 after confirmation. Target Levels: 1.7244: This represents the height of the channel, measured from the apex (highest point) to the base (opposite trendline), projected upwards from the breakout point. 1.7272: This is a further extension of the upside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order below the broken resistance line of the channel, ideally around 1.7145. This helps limit potential losses if the price fails to break out and reverses downwards. Thank you
Long
by KABHI_TA_TRADING
2
SPY Channel BreakThe S&P500 opened and closed below the lower support line of an uptrend channel. This in itself is excuse to sell or go short, but generally you want to see 2-3 days of price below or above a channel before considering it a trend shift. Most likely first level of price support to watch for if price does head lower is $500. Nice round number and a psychological level for traders especially going into the end of the week. If bulls are still serious about the bull market they'll defend $500. The PPO trend indicator shows the green PPO line trending below the purple signal line which indicates a short-term bearish bias in price. The trend would be considered bearish in the medium to long-term if both lines cross below the horizontal 0 level. The TSI momentum indicator shows the green RSI line trending below the purple signal line which indicates a short-term neutral trend or slowdown in momentum. The RSI line crossing below the horizontal 50 level also indicates a short-term slowdown in momentum. The green RSI line is also trading below its lower Bollinger Band; in general you want to be short when the RSI line is below the lower BBand. With the hot inflation numbers that came out traders are probably starting to realize that there likely won't be a rate cut by the Federal Reserve in June, and maybe no cuts at all this year. The Fed is responsible for maintaining steady prices and low unemployment. Until unemployment rises the Federal Reserve is not likely to cut rates with persistent inflation.
AMEX:SPYShort
by PrepForProfit
Gold's Ultimate Destination: Breaking Down Critical Levels Trend -- The price has surpassed the healthy channel from the end of 2022. -- It is possible that the momentum move is nearing its end and entering an overbought zone. 100% Symmetrical Projection: Uptrend "N" Patterns There are two "N" Patterns: a Large Purple N and a Small Orange N. N Pattern's Target Price & Fibonacci Price Cluster -- The target price of $2356 (Orange N) almost perfectly aligns with two other Fibonacci levels. -- The target price of $2480 (Purple N at 1.5X) matches with two other Fibonacci levels. To determine the significance of each target price, a Fibonacci retracement was conducted: -- Testing from $1810.4 to $2356 (Orange N): few validated price reactions to key levels were observed. -- Testing from $1984 to $2480 (Purple N at 1.5X): minimal price reaction to key levels was observed. Conclusion -- The $2356 target price (Orange N) represents a critical pressure level and may serve as the main target price of this momentum move. -- In other words, for the momentum to continue, the price must surpass the critical pressure level at $2356. -- At that point, we will then turn our attention to the second target price of $2480. 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.
OANDA:XAUUSD
by stock_adelie
Sell XAUUSD Channel BreakoutThe XAU/USD (spot gold) pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bullish channel pattern. However, a cautious approach is advised due to gold's safe-haven status. Why Caution is Advised: Gold's Safe-Haven Status: Geopolitical tensions, economic uncertainty, or risk-off sentiment can trigger sudden buying sprees in gold, potentially invalidating the short trade. Sell Entry: Below the broken support level of the channel, ideally around 2290. This offers an entry point close to the perceived shift in momentum. Target Levels: 2265: This represents the previous resistance level within the channel, potentially acting as initial resistance now. 2248: This is a further extension of the downside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order above the broken resistance line of the channel, ideally around 2307. This helps limit potential losses if the price unexpectedly rallies. Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
17
Buy GBPJPY Channel BreakoutThe GBP/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 190.50. This offers an entry point close to 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: 191.25: This represents the first level of resistance within the channel. 191.61: This is a further extension of the upside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 190.25. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you.
Long
by KABHI_TA_TRADING
16
Sell USDCAD Channel BreakoutThe USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.3580. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.3530: This represents the first level of support within the channel. 1.3511: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.3590. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
19
VINC continuation play LONGHere on the 30-minute chart is my idea for the continuation of my VINC idea posted here before the current breakout. Price is presently in a consolidation ascending regression channel . The choices for a play are to wait for a break above or below the channel or alternatively play the price action inside the channel. Since price is currently at the bottom of the channel I will go long with a stop loss under the channel. Upon reaching the top of the channel I will close half the position and then watch for a break of resistance or a rejection down and then trade accordingly. Overall, I believe that this is a high-tight flap pattern and VINC is accumulating gradually and will move higher when the accumulation saturates as per Wychoff's theory.
VLong
by AwesomeAvani
#AUDUSD inverted Head & Shoulder patternNot only price managed to break above long term bearish daily channel but also seems like price completed a reverse head & shoulder pattern by breaking above the neckline as you can see in the chart. As a result we can expect to have a bullish continuation move at least towards the bearish trendline on red. Pull back to the broken neckline would be most favorable setup to go long in this pair. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
1
Sell USDCHF Channel BreakoutThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This technical setup suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.8830, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 0.8798 and 0.8770. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 0.8855. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
1
MINA Analysis: Potential Correction, SELL or BUY Setup?!🍣📈Weekly Channel Breakout and Retest: MINA previously broke out of its weekly channel and reached its target successfully. The recent breakdown below the channel indicates a loss of bullish momentum and potential for a retracement. 🔍📉Corrective Phase and Resistance Levels: If MINA undergoes a correction, it is likely to retrace upwards until reaching its weekly resistance level. A rejection at this resistance level, coinciding with the RSI reaching the daily blue resistance line, could present a selling opportunity. 🚫Early Sell Setup and Risk Management: A sell position could be initiated early at the current price level (below the lower channel line) using the red trigger line as confirmation. Trailing the stop-loss to the lower support zone can help mitigate risk and maximize profit potential. ✅Important Considerations✅ The overall market trend should be taken into account before executing any trades. Confirming the reversal with additional technical indicators and market sentiment analysis is essential. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading. 🚫
by solinash1
2
Sell GBP/CHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1222, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.1151 and 1.1108. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.1252. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
6
[BTCUSD] - Expecting shake out soon! this month is more likly last month manipulative push... this isn't natural at all. we are so close from ATH ( currently 68k just 1% remaining) without any correction considerd price being in overbought zones and market become extremly greed (currently 90 ) for fear & greed index. so that: -we are looking now for lower zones as shown in the chart...maybe happen any time through this week. - we might see a manipulative touch further than the ATH zone but we dont see a weekly candle close above ATH without correction. dont forget to support us with ur like, comment and follow for more updates🎯
BITSTAMP:BTCUSDShort
by ceciliones
18
Sell EUR/USD Channel BreakoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bearish channel pattern. This technical indicator often suggests a trend continuation, potentially leading to further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0850, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following levels: 1.0815: This represents the height of the channel, measured from the top trendline to the breakout point, projected downwards from the breakout point. 1.0796: This is achieved by adding the height of the channel to the breakout point. These targets act as potential support zones that could see selling pressure. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 1.0865. This helps limit potential losses if the price reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
8
Sell USDCHF Channel BreakoutThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. Sell Entry: Consider entering a short position around the current price of 0.8827, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 0.8780 and 0.8751. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 0.8865. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
1
Making and using Stacked Channels on log scale for targets 🧠 💱Alright, so here I will explain the idea of stacked channels on a logarithmic scale. First thing you need to do is go to logarithmic on your chart. You might want to reset the scale just for convenience so it looks nice and neat. Then you go to the channel and look, obviously we're going to start at the bottom. Okay. Now what you want to do is you find your channel here, right? Let's say this was the first one. You can go here as well. You can go here. It's whatever. I'll just go here to the beginning See how it lines up at the top. Okay, then I'll extend it And you were asking when does the price break out of the channel so here I'll mark it so you see This was a fake out. But here we have a legit legitimate breakout, right? So If I highlight this area right here, you know, you have the breakout of the channel, out of the channel. So what I do now is, I'm going to copy this channel, clone it. Ok, CTRL-C, CTRL-V, just slide it up, match the top of the old channel to the bottom of the new one. And you have a nice target here. See how it touched and stayed roughly around here? So that's all there is to it. And look, perfect here. You see? Confirmation. Confirmation again. Confirmation again. That's how you do it.
Education
by ThinkLikeaWhaleTLAW
1
Sell EURAUD Channel BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.6620, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.6525 and 1.6479. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.6660. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
6
Sell GBPJPY Channel BreakoutThe GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 190.62, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel 190 and 189.62 Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 191.00. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
31
Sell EURJPY Channel Breakout The EUR/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bullish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 162.85, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 162.04 and 161.54. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken channel support line at 163.35. This helps limit potential losses if the price reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
2
Nasdaq - What Will Happen NextHello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 13 years the Nasdaq has been trading in a decent rising channel. In the beginning of 2023 we saw a beautiful retest of the lower support and perfect confirmation so the recent rally of +70% was quite expected. If the Nasdaq now pulls back to the structure mentioned in the analysis, I am simply looking for bullish continuation setups from there. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
TVC:NDQ
by basictradingtv
5
Sell EURUSD Channel BreakoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bullish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. 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. Sell Entry: Consider entering a short position around the current price of 1.0770, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel 1.0790 and 1.0727. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken channel support line at 1.0790. This helps limit potential losses if the price reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
13