nzdusd shortWe see price falling every time it touches the major downward trend. Price is now ranging between a minor upward channel. We can forecast a head and shoulders patterns forming.
G-channel
Short Opportunity on Agilent Technologies, Inc. (A)Pretty apparent squeeze along the top trend line and hopeful looks to plummet back to parallel regression channel coming within the next couple weeks. Would maybe wait for some additional confirmation along the top trend line but take a look for yourself and watch this unfold!
TREND REVERSE ON GOLDYo Traders!
Gold might fall down!
Look to sell after a breakout it's made. Please check a candlestickpattern like a bearish engulfing or a shooting star, after the confirmation you can enter in the transaction.
You can see that the volume of buyers dropped wich means a big return might come. Be very careful!
If you support this ideea, feel free to comment below and like!
Remember: Don't look for fat wins because the only thing you will get is FAT.
Lupin: Will the fundamental heat in pharma continue? Pharma sector constituents are under good traction, whether they are directly racing to find the cure for COVID-19 or just acting as an ancillary medium to main players.
Technically, Lupin in particular, after getting out of a constricted regression channel, is in a bull drive with a healthy flag and now halted at a pennant. Here, Volumes are imbalanced both in positive and negative ends. Hence, an gaining a balance towards one end is likely to either continue the trend or reverse the momentum.
Point to note here is that the zone between the extended continuation resistance and the demand zone plotted should be considered a no-trade area as it is acting as the current mean and momentum can only be triggered beyond this value area.
Descending Channel on the ETF: XLUAlready formed the descending channel with more than 8 points. The price is touching now the top line. The price should go down in the next hours and we will open a short position near to 47.74 with stop loss close to 49.56 and take profit over the 42.14; Chart: 1H
USDCHF - 1D AnalysisThe price has reached the resistance channel and looks like it is stuck on the horizontal resistance line, the last candle formation is a bearish spinning top. The price movement that is stuck on the resistance line and the spinning top candle can be an early sign of a reversal, but it still needs further confirmation. There is still a possibility of the price moving up to test the next horizontal resistance level, seeing the strong bullish movement. For those who feel conservative to be more careful.
BTC In Middle of 3 Trend LinesLong Term Busy Chart, that I have published before...keep adding to it, Look at regression trend lines crossing and where BTC is Right Now! Expand and Zoom In...Look at Fib from 10500 down to 3850. BTC Passed the 23 stopped at 32 ...all 3 trend lines converge...might back test the 23 before attempting to 50...Lots of VPBR at the 50 retracement, Grab Every Satoshi You Can , As Soon As You Can, That's The Plan...
Reversion To The MeanI have used the Regression Tool available on TradingView, to plot the SPX Monthly Chart going back to 2009.
What I observed is that on 2 occasions, (points which are marked with arrows as A and B), the SPX went above the Upper Limit and then immediately fell back to within the channel.
At Point A, it returned back to the Median and then followed a gradual upward path towards Point B, whereupon, the SPX Monthly then fell sharply back to the Median and continued to fall to below the edge of the Lower Limit.
Event A took place in the month of Jan 2018 and Event B subsequently worked itself out in the month of September 2018.
The SPX Monthly is now again back up and beyond the Upper Limit of the Regression Zone and, if; history repeats itself, then the odds are high that it will exercise Reversion to The Mean again on this 3rd occurrence.
I link into a previous post , (about Chart Patterns that tend not to fill) and am of the opinion that 3102 on the SPX will be the Maximum Floor towards which the SPX will revert back to.
This is still very much a powerful Bull Market and the Top Is Not In, and may not even be in till perhaps closer to 4000+ (as the Market nears the results of the US Presidential Elections of 2020 in November).
S&P's Present Likeness to the Late 2018 Top.Pretty self-explanatory. Bars pattern copied has been adjusted in size. Continued likeness = potential drop to 2600 levels.
EURUSD, long after short.EURUSD is in a channel, gearing up for long, but in a short vision, i think it has to retest 1.09, target of the head and shoulders. After the big red candle, wait for a small pullback under EMA followed by red candle. or something similar. If it will show buyers' strenght, long on close above the head.
Gold- Time for it to go back into its channelXAU/USD
De-escalation in the Middle East should result in a reset.
We see from the charts that the rally has caused a long rally wick that the market will eventually fill in.
As long as no further escalation in the Middle East, I see this heading back into its daily channel.
I’m looking at 1490-1480 by end of next week, and 1400 after that.
Good luck traders.
USD/CAD Still in PlayUSD/CAD has bounced off 52 week low. Then failed to push past it in second attempt down. After price falls it usually re-visits the gap it made. Good possibility here of it swinging up again. Stop loss placed just underneath 52week low. Have a look, and see if it makes sense.
AUD/USD Bearish SetupAUD/USD - looks to be BEARISH. (It’s now back in its channel.)
Taken this down. Daily fractal completed. Good profit to loss ratio setup.
USD/CHF Buy Opportunity USD/CHF looks to be Bullish, it’s going back into its channel.
Looking to take this back up to the top. Reversal pattern finalised. Long, with short stop loss.
EURJPY Bearish Gartley 886 This time im updating the chart on EURJPY.
As you can see I spotted 3 potential harmonic patterns in the making on this particular pair.
If you take a look at how price reacted to the completion point in the Gartley 886, you can clearly see the rejection and how sellers immediately took control of the market.
Besides that, last week closing price took out the median regression trend line and closed below.
I am expecting a significant drop, with a minimum profit target of the 38% XA retracement at 120.5xx, but could go all the way towards 62% XA retracement at 118.7xx
The best entry would imho happen to be be right now, around 121.3xx.
Thank you for reading the analysis
Dont forget to like the chart and make sure you leave any comments in the section below
I appreciate all support, thank you so much & please keep it coming my way!
Happy trading and God bless
XAGUSD Descending Channel - Short Term Down4H Analysis
Long Term - Price moving on a Descending Channel
Short Term - Price moving on a Mini Ascending Channel
Price struggling to create a new high inside Mini Ascending Channel. Per history, this is bound to go down.
Entry Detail:
SL: Set outside the Mini Ascending Channel Resistance Zone to allow the price to fluctuate.
TP: 2R - Just before previous resistance-turned-support / base of Mini Ascending Channel
Note: This post is my personal journal/opinion only. Please trade at your own risk.
USDJPY Longer-Term View with Regression Trend ToolI have added in another regression trend channel going back to the late 2016 high. That longer-term channel shows the potential upside target for a breakout above the medium-term channel if that were to occur.
At this particular juncture, the medium and short-term channels are the ones in play, with a potential or bounce or break of the short-term channel on the radar right now.
This is a follow-up post. See related ideas for the original.
Use the tool if you like it, discard if it doesn't help you.
Using the Regression Trend Tool to Analyze USDJPYCurrency charts (or any chart) can look rather chaotic sometimes.
Grabbing a regression trend tool may help. You select the tool and the pick the two points...usually a major high and low.
The regression tool then finds the line of best fit through the data. You can also add standard deviations above and below the regression line, resulting in a channel.
The result will be slightly different than a drawn channel because it is essentially highlighting the average price action between two points in time.
I have used the tool twice on the USDJPY chart. The larger one shows the price is near the top of a larger channel. The smaller shows the price is near the bottom of a short-term channel.
This helps highlight some potential trading opportunities. If the price consolidates here and moves higher (would use 4-hour chart), it is a buy trade into the top of the small and larger channels. But if that occurs, once the price reaches the upper channel, watch for a potential short (or break to the upside).
Alternatively, if we head lower from here, that will break the short-term rising channel, and indicate a pretty big downward move based on the larger channel.
You could freehand draw these channels as well, but sometimes a crazy one day move will obscure a pattern that the regression highlights. For example, the regression filters out that one day drop on Jan 2 2019....without the regression (or without ignoring that long candle wick) it is hard to see the channel.
You could also go back further in time and add in additional regression channels to provide a larger insight into where the currency pair is within its cycle.
Want more like this? Discuss trades in my free swing trading Facebook group: www.facebook.com
EURGBP monthly channel bounce ? looks like a good swing...
I'm not rly a swing trader, so I'm not quite sure what would be the confirmation of this trade and how to trade it ...but it looks like a buy
per senior lodensteins request I've added the downward channelSenior Lodenstein politely mentioned that my falling wedge should be a downward channel instead...and while I was aware of the downward channel I hadn't bothered charting it yet because I've been more focused on both the weekly falling wedge and the 1 day bull flag at the moment so Ieven though I think that both the falling wedge and the descending channel are both going to be validated I decided to humor him and put it on my chart....even though I knew the channel was there I didn't realize that not only was this a downward channel but it is actually also a massive bull flag on the monthly chart...in fact the breakout target for this monthly bull flag is over 19k as long as we trigger its breakout no later than the beginning of December...so thank you Senior lodenstein for suggesting I focus more on the channel...I had no idea that channel was a massive monthly chart bull flag until I took a look. One thing about downward channels to is they have a very high probability of breaking upward instead of down so as long as we can break up from the current 1 day bull flag retesting the ATH by December 15th is still very much a possibility.
