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Channelline

EURCAD Headed Upward 50+ pips IntradayWelcome back! Here's an analysis of this pair! **EURCAD - 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 straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
GBPCHF Potential Buy SCALP Opportunity! Welcome back! Here's an analysis of this pair! **GBPCHF - 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 straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
5
EURCAD Rise to channel Resistance + 100 PipsWelcome back! Here's an analysis of this pair! **EURCAD - 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 straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
6
NZDCHF I Will return to middle of channel +120 PipsWelcome back! Here's an analysis of this pair! **NZDCHF - 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 straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
9
EURAUD I Buy Scalp Zone Welcome back! Here's an analysis of this pair! **EURAUD - 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 straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
2
ADAUSDTWhen the price rises with this intensive move to the specified range, which is a very important range, the probability of continuing the upward trend is very, very low! The price seems to react when it reaches the specified range, it should be noted that the correction process within the channel is not yet complete. Of course, it is possible to engulf the range (touch the price 0.72) and then complete the downtrend. If the specified ranges become engulfed, the probability that it will continue its upward trend by withdrawing orders from lower regions will be strengthened.
Short
by FiboTech
GBPUSD Swing Upwards +100 pips Welcome back! Here's an analysis of this pair! **GBPUSD - 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 straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
3
BTC road to 100k (bullish scenario)Few days earlier I posted my bearish view on BTC. But bulls still have a chance to get above 100k this year. Price is still moving inside this meme channel, and recently we got a test of the lower channel line. All these "sideways" between 30-60k could be the 4th wave. Depends on how you count it, end of wave 3 either can be in April 2021 at 65k or in November 2021 at 69k. But nevertheless this is can be the 4th corrective wave. If bulls can save BTC inside this meme channel and hold this 28-30k zone as support, we can get a big rally by August. I don't think this is very likely but I am not going to sit and wait for mega crash all the time and ignore the bullish case. Until then we stuck here in a range of summer despair. Price is out of channel and close below this zone on the weekly => this idea is canceled.
BITSTAMP:BTCUSDLong
by FallingWedge
2
AUDNZD I Short-term Buy & Strong Sell ComingWelcome back! Here's an analysis of this pair! **AUDNZD - 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 straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
2
CADJPY I Approaching Monthly SupportWelcome back! Here's an analysis of this pair! **CADJPY - 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 straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
Will this be the end?NYSE:BABA Today the overall market had a green day, many big names like TSLA and FB rallied more than 4% today. But the question I am going to ask is: “Do you think this is the end of the enormous channel BABA has been trading in? BABA started trading in this channel since 2020! But BABA sort of broke out today. But this could also be a bull trap. Today’s volume was just a tiny bit under average. Maybe this is the beginning of something enormous. Please watch my related article about channels, at the related idea section. To learn more about this intriguing chart pattern. Curious about your point of view. Let me know! This is no financial advice
NYSE:BABA
by StijndeVries
Aurora Cannabis ACB (TSX) ... Dazed and confused !Aurora Cannabis (ACB) has managed to give up 99% of its value since its October 2018 high. Certainly this is wealth destruction at its finest. I can find no technical reason to jump in here other than its at the bottom of a channel (pitchfork) and has a gap that needs to be eventually filled. (This is a TSX chart as they are open today). For many this psychedelic dream has become a nightmare. Would not I bottom fish here ?? .... no not on my dime(bag)! Not investment advice... do your own due diligence and respect overall market trends. If you have a any fundamental or technical reason to purchase please comment. Have a sweet trip S.
TSX:ACB
by Steve666
AUDNZD Top of Ascending Channel Welcome back! Here's an analysis of this pair! **AUDNZD - 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 straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
A Channel pattern - EducationalA channel is a chart pattern. And uses trendlines. A channel indicates an entry and a possible exit. It can also control the risk. A channel consists of two parallel lines, between which the price moves. Drawing a channel: Ascending channel - During an uptrend, draw the basic up trendline along the lows. Then you draw a line from the first peak which runs parallel to the basic up trendline, these lines now form a channel. If the 2nd peak reaches the upper line of the channel a channel can be said to exist, but a third test of the trendline is always needed to see if the trendline is really accepted. Descending channel - During a downtrend draw the basic down trendline along the highs. Then draw a line from the first bottom which runs parallel to the basic down trendline, these lines now form a channel. If the 2nd bottom reaches the bottom trendline a channel can be said to exist, but a third test of the trendline is always needed to see if the trendline is really accepted. Horizontal channels are like rectangles, they are called trading ranges. How to profit from this pattern? Short term (uptrend) A long position could be opened when the price is at or near the basic up trendline. One could even open a short position when the price is at the top of the channel, but beware! Going against the trend can have negative consequences. Short term (downtrend) A short position could be opened when the price is at or near the basic down trendline. A long position can even be opened when the price is at the bottom of the channel, but beware! Trading against the trend can have negative consequences. Try to take profits the moment the price, comes close to the trendline on the other side, you could thus switch your position from Long to short and visa versa. Remember, the higher the timeframe you use the more reliable the trendlines become, also a trendline is more reliable if the trendline has been tested often. Trading the channel breakout The failure to reach a channel line is often an early warning that the channel line on the other side will be broken. Once a channel is broken a move of around the width of the channel can be excepted. So a larger channel usually have bigger profit potential. You can use certain technical indicators with a channel, for example 'volume', pay attention to whether the volume increases the moment the price breaks out of the channel, if this is not the case it means that the channel is probably still intact. Profit targets and a Stop-loss As I already mentioned the intention is to take profit the moment the price is on the other side of the channel. Imagine this: There is an ascending channel, the price is moving around the basic up trendline (base line), then you can enter a long position. Then the price is moving towards the upper trendline of the channel and you can take your profit. If you like you can take a short position here, but beware! Trading against the trend can be dangerous. But where is your stop-loss? I already said it many times: always place a stop-loss before you forget it and before you start doing other things! In the preceding example you place this stop-loss just below the base line at the long position, keep a little space between the base line and your stop-loss! It could happen that the price breaks through the channel lines on an intra-day basis, but only when the price closes outside the channel line this could be a sign of a breakout. For the short position from the above example, place your stop-loss just above the upper trendline, with some distance in between. Here are more examples: I wish you all the best! This is no financial advice. BITSTAMP:BTCUSD
BITSTAMP:BTCUSDEducation
by StijndeVries
2
Trading the price channelTwo trades one long and one short trading the upper and lower bands of a price channel. I dont generally trade a price channel for many reasons, but with the long term chart dominating trend in my favour it worked out. For this trade my long-term chart was (W) chart and my current price chart (D) chart. The current chart is where i take my entry, stops & cover my positions. First trade was in January when price entered a DZ, while the Long-term chart was still in uptrend. I took the LNG w/ a STP below the DZ. i was risking 0.90 per share for a reward of X3 if price hits my Profit Target PT1 at the top of the channel. The Second trade was more recent in April with the long-term chart (W) in a downtrend now, & price is coming into the upper court of the channel, my SHRT executed near the top of the channel, provided a low Risk entry short with a STP loss of 1.2 per share. The reward was again a X3 if price enters the lower band of the channel. & today the price entered & I CVR my SHRT.
TSX:QSRShort
by greatful-me
AAVEUSDT is trying to have a breakout!The price is creating a descending channel after the breakout from the falling wedge as I told you on my previous idea On the daily timeframe the price is testing the key level on 150$ and the market is trying to protect the low. On the 4h timeframe the price got a rejection from the daily resistance on 175$ How to approach? The price needs to have a new breakout from the 4h dynamic resistance and daily resistance. the next valid key level is 190$. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
8