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Channeltrend

Looking clean CABLE - GBP/USD. My favourite trade for this month - Over 1.26733 area I'd look for bullish formation, pattern or daily close for further confirmation of bullish run towards 1.27/1.28 is where the next resistance areas are. Some people say it looks like inverse head and shoulders. However, we need confirmation for it go OVER the trend line - we are finding that a key area. Keep an eye, put alerts or orders in so you don't miss the move. It is a great risk reward move as well as one of my favourite trades - momentum going with trend. However, until we haven't broken we could head lower to 1.25/1.24 areas and any lower 1.23. However, DXY is at a key area at this moment of time. Keep an eye out on EUR/GBP as well. Just a trade idea, not recommendation. Enjoy.
by Trade_Journal
😯 IH&S Test Breakout. (SPRT)🤔 This one caught my eye based off the fact it has printed a higher high with this potentially being a higher low. Looks something like an inverse head and shoulder pattern. The green line is the Resistance we would like to see breakout for a move up. I'm adding. I'm risking around 8% SL on this one. Daily Timeframe Crossover Strategy: Green Crossover The EMA Dots: 3/3 Green Support Level: 1.19 Resistance Level: Green Line and 1.49 A break above I think we shoot for the 1.49. Which would be a 15% move. Remember to diversify your capital, especially on penny stocks just in case you do have to take the hit. Have an awesome day! ✌ 🥇MLT | MAJOR LEAGUE TRADER
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by UnknownUnicorn2319099
5
BTCUSDT 1D | Bitcoin price overview: Drop to $8,800Last days we have seen the Bitcoin price drop after rebounding from the resistance zone - $9,900-$10,200. Now the price is at the lower border of the uptrend channel, which has been formed since March 13. Its breakdown and closing the day below $8,800 will open the way to $8,000 and $6,800 for bears. The current price is $9,120. MACD indicator shows strengthening of downward movement force. It is too early to talk about the beginning of the downtrend, as long as the price is in an upward channel. In order to return to an uptrend, the price must hold on above $9,300. Within a few days, the price will show us which side of the bulls or bears it is on, or will enter the wide flat zone $8,800-$9,300. Subscribe to the channel and stay with us!
by CatalystsFinance
4
LBTYK Short! W8 for a pullback on the SPY that brings profitHi traders, another portion of the analysis that we do on a daily basis! Yesterday´s trade has a big possibility of a winning trade - INSIDERS short, Price Action looks well and psychology behind candles confirms the weakness of Long traders. I am talking about LBTYK SHORT. If you compare SPY and LBTYK charts, especially the last 2 months, you will realize, that they correlate a lot. SPY is going higher and higher so some PULLBACK is about to come. And this pullback will turn our short in LBTYK into profits. Good trading guys, Jakub FINEIGHT
AMEX:SPYShort
by Fineight
BTC BITMEX - Trading ChannelThese past few days the market has been very kind to us.Unfortunately it looks like our channel may be coming to an end. There's a solid support/resistance line in the middle of our channel to keep an eye on Now is the time to be dynamic, nimble and watch for the break out. Watch for break out reversal. Watch that BTC wallet keep growing! REMEMBER Risk Management 50% of trading Technical analysis 25% of trading Fundamentals 25% of trading Don't forget to drop a like! Feel free to engage and ask questions! Best of luck to everyone!
BITMEX:BTCUSD.P
by RebelSatoshi