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Descending Channel

USD/JPY: Key to watch to long positionU.S. Dollar/Yen Japanese it's look with a possible long position in H4 timeframe. Because we're in the demand zone and also, you can to see any bullish harnonic pattern but I would to watch out this price to entry in long position if they appear any bullish envolving, hammer or any bullish candlestick pattern. This it's the H4 timeframe. Because we could to look any bearish channel and we could to see a bottom here, also this it's a bullish rising wedge and I have a plan to long USD/JPY. But I would to hope if we see any bullish pattern, in otherwise, this will be any confirmation to entry in long. Just wait to develop this trade!!! THe market it's neutral, but perspective to long position Good luck!!!
by harisonhbn9718
2
SPX temporary bottomThis could be a temporary bottom for the Market. First we have a divergence both on the Stochastic and the RSI. The price bounced of the trendline and the Fibonacci(Bottom of the Corona Crash and all time highs).And on the Weekly the price closed outside of Bollinger bands which could mean that the price is oversold in a way. But this is not the market bottom, far from it. The situation in the world is unpredictable and unstable. Another reason are the Elliot waves on the weekly chart that I posted showing where the price could go.
SP:SPXLong
by BernardPupacic
1
USDJPY | Perspective for the new weekGoing into the new week, the upside potential of the Greenback against the Japanese yen appears to be becoming more limited as falling Treasury yields is undermining the pair’s most potent logic. Technically, the appearance of a double top structure right above the 131 area followed by the breakdown of the neckline is a signal that there is a risk of further decline probably in a short term. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USD/JPY: EMA 200 make resistancU.S. Dollar/Yen Japanese it's look bearish from this side. So, we see that it's moving into this bearish channel flag and MACD doesn't have enough strengthen to continue up in H1 timeframe Meawhile, in H4 we see that we're into this bearish channel in formation as we see this bearish channel flag, we're in the key point to sell Also, I read that U.S. Dollar fell today in some pars as an uptick in investors' appetite for riskier bets diminished the U.S. currency's appeal. Also, another fundamental analysis that I read recently it's that United Sates considering to block Russia ability to pay its U.S. bondholders that expire next week and this could be another bad expectative that I see in this rumor. So guys, I'm shorting USD/JPY at $129.48 JPY and my target will be $127.40 JPY (207 pips) and SL to $129.98 JPY (50 pips) I hope that this idea and analysis support you!!! Good luck!!!
Short
by harisonhbn9718
4
GBPJPY - Descending ChannelHello traders, it's been a wonderful week for me and i hope u made some profits from our previous analysis, CADJPY played out accordingly. Currently, GBPJPY hit it's descending channel support last yesterday and immediately started another move towards the resistance... This is another opportunity to go LONG today till the next coming week. STOP Loss below the support, don't fail to trade with proper risk management... For more free analysis, kindly like, share and follow..
Long
by bluebellfxtrading
USDCAD looking for a new recent highs 🦐USDCAD on the daily chart is moving into a descending channel. The price is now testing a confluence area between a daily resistance and the dynamic resistance and we can expect a test of the 1.30 area if the market will have enough strength to break above. How can i approach this scenario? I will wait for a break of the structure and in that case, i ll check for a possible continuation for a long entry point according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
2
BTC: SHORT TERM PLAN!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is bouncing off nicely from the $30k level so far and holding above $31k very well. BTC is forming a descending channel like pattern in the 4hr time frame where breakout of this channel is still pending. Once BTC breaks this channel we can expect a good bounce. BTC has a resistance at $37.5k so in the short term we might see a pump up to $37.5k after breaking out from the channel. For successfully playing out this scenario BTC needs to stay above $30k. If any 4hr candle close below $30k will invalidate this pattern. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
2
BTC/USDT : Reached channel's bottom!BINANCE:BTCUSDT BINANCE:BTCUSDTPERP Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $BTC has reached the descending channel's bottom and so there're some similarities to check for... Last time that $BTC has reached the channel's bottom ( Formed the channel bottom); It just pulled back above our S/R local Line located on $~40600 and it has retested the channel's top. Now we have the same bottomed candle formation and the local S/R Line above. Also on wider Look, We have a stiff support zone at $33400 - $32800. So based on our data; $BTC can pullback from the local channel's bottom or the lower Support zone! 📝 The main bias is still bearish and I won't use this possible pull-back to take advantage! I'll only look for possible Longs when we get the closings above $35500 straight from our current level. - The first confirmation should come to our current candle close just like the marked one. - The second confirmation should be the candle closings above $35500, Otherwise, It'll drop to the local support zone it'll invalidate our Long position's opportunity ( Trigger will be closings above $35500 ). - Be informed that our possible short-term bullish will be canceled if we get the weekly closing below $35650. The importance of the mentioned line is just like $42000 (The main bias changer on weekly TF); It's been 280 Days (40 Bars/Candles) Since our last weekly close below $35650! All of the given information is for acknowledgment only! ⚠ The possible pullback won't invalidate our Short-Term positions yet! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
by Helical_Trades
39