Channeltrend
#AUDCAD potential long term selling opportunitytake a look at where price currently is sitting on and the long term resistive cluster around price...
price at the moment is testing a bearish weekly channel resistance line and also at weekly high which means if the downtrend in weekly scale wants to resume price cannot close above this high. although that price can whipsaw above it but it can't close above it.
for taking a position depends on the kind of a trader you are say risk averse or risk seeking you may enter now or wait for a more and clear confirmation in lower timeframe. and perhaps waiting to see a shift in market structure or chart pattern formations.
Also we can see a bearish divergence between price and RSI indicator in Daily time frame.
EURAUD Intraday Buy from DemandWelcome back! Let me know your thoughts in the comments!
**EURAUD Analysis - Listen to video!
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Watching AUD.USDHello Traders.
Anyone else watching the AUD.USD Daily chart?
I'm waiting to see if the price will continue to the downside or break to the upside.
This could be a good trade idea; however, we need to wait and see what price does.
Let me know what you think, what do you think the price will do?
Happy Trading
Samantha
GBPCHF OLHC (BUYS) MONTHLY STRUCTURE (NOVEMBER 2022)1.14664)GBPCHF OLHC (BUYS)
MONTHLY STRUCTURE
(NOVEMBER 2022)
MONTHLY STRUCTURE (DAILY TIMEFRAME)
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Monthly Structure for GBPCHF in the DAILY timeframe is OLHC(OPEN LOW HIGH CLOSE) BUY SETUP .
Price is currently also in a bullish channel and a perfect target after TDI Priceline and bloodline cross will l be the OPEN (1.14626) .
Waiting on a TDI cross to confirm the presence of BUYERS in Markets.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
POLYCAB!! MAJOR TRENDS!Polycab is a great stock with a good fundamentals.
i have drawn the major trends supporting from its IPO time and from corona's crash.
from past 14-15 months the stock is following the same channel, and has given about no returns.
since it has a good fundamentals and the sales are growing nicely, i see a good upside movement.
but on the flip side, this channel is acting like a consolidation part after the movement given after 2020 crash.
this also says the strength of the stock, which is preventing the stock to fall.
after 20th June, it has kept on rising, and recently it gave a pullback. but its a good stock to now buy, since it is landed on a good trend line, and will now rise further on.
in the couple of months, i see a good upside movement on this stock.
the large blue line which i have drawn is just a speculating line, if possibly the stock gets a good movement, it could go on further rising to that line.
EURCAD Short from resistance Welcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
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TSLA - CHANNEL MOVEMNT BULLISH ON 4H NASDAQ:TSLA is underperforming in the past couple of months after the split, and clear channel movement formed. Test, brake, retested, short-term recovery in channel ranges. Pattern and channel trading is based on historical movements, and should not be taken as a "concrete" indicator for price projections or predictions.
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GBPCHF I Bullish trend opportunityWelcome back! Let me know your thoughts in the comments!
**GBPCHF - Listen to video!
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GBPJPY I Local Intraday SHORT!Welcome back! Let me know your thoughts in the comments!
**GBPJPY - Listen to video!
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Back to neutral, with a tighter squeeze now.I am still waiting for another long position since March when we were at 47.5k!
We are back in the neutral zone yet again with the bands constricting tighter around the center. The red resistance band up top is crashing down, while the support zone below DOUBLE bands. The support is looking stronger, and I am leaning towards long here, but not yet.
We are entering November, December which is usually Bear months. I still need more confirmation that the current price can push towards the resistance.
NVDA: Key Points to watch next week!• NVDA is going up sharply today, reinforcing the bullish sentiment on it;
• If you are afraid of a pullback, keep in mind the channel seen in the 1h chart – only if NVDA loses this channel downwards the bull trend will get weaker;
• This wouldn’t be a reversal sign though, as we would need to see a bearish structure for this, and so far, there’s not a single bearish sign around;
• In theory, NVDA is heading to fill the previous gap at $141.98, and in the lack of bearish signs, this is the most likely scenario;
• In addition, NDA is reversing the trend in the daily chart too, as it is trading consistently above the 21 ema. The only thing missing is a clear higher high/low to say that this is officially a bull trend.
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GBPUSD I It will fall from resistance Welcome back! Let me know your thoughts in the comments!
**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.
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This bottom is due to an obvious multiyear support...It is tricky to say if it is "THE" bottom.
And it is easy to imagine lower bottom, which would better suit to the actual bleak economy forecasts.
Btw I am not gonna take any decision based on these soles charts.
I need much more data...
It is an update of my last post:
The Future For Gold (XAUUSD) Here I've provided my prediction for the future of gold. I do believe the DXY will make a final rally to the upside, making contact with the most recent weekly resistance. Based off the fibs I predict price of XAUUSD to move to the upside next week, maybe even the following week. Hopefully giving us that sweet rejection off the 61.8 fib level. Once I get the break of my 50 EMA I will be entering for the sell and holding until the bottom of the channel we are currently in. Feel free to leave your thoughts and opinions in the comments. OANDA:XAUUSD