G-channel
GBPUSD in a downward channel BUY SL 1.28000 TP 1.29093A downward channel has been formed in a good trend area of value to buy.
Silver Losing Momentum In silver, we had a strong move upwards from the $17/oz range to a high of roughly $19.755/oz. Recently, however, the price has failed to maintain momentum to regain those highs and has steadily pushed lower in an evident regression trend on the daily chart from 05 Sep 2019 to the present. I believe that silver will retest the $17/oz range, and from there, we will have a stronger confirmation on the short term direction of silver's price. As well the gold to silver ratio rebounded from a yearly low of roughly 1XAU:79.38XAG to currently 1XAU:84.89XAG. In the meantime, I believe silver to be a short trade. However, in the long run, silver seems to be bullish as the gold to silver ratio is at historical peak levels.
BITCOIN price in Downward ChannelDirection: Short
Reasons for open position:
- Price in downward channel
- Mirror level is 10500 $
- Price bounced of mirror level
- Priority Down
The information provided is not financial advice, always do your own research.
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SELL CADJPY CHANNEL RESISTANCE AREAHello ! CADJPY is near Channel Resitance area , we should sell it from Resitance area to take handsome profit . if you like idea , give me like ,enjoy.
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USD/JPY Trading PlanPriority: Short
Reasons for open position:
- Downtrend
- Downward parallel channel
- We need to wait market opening in Monday and after this we can open position based on one of the plan
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Binance BNB USD regression channels NON-fibI'am trying some math to create a overall picture with a scope on the past. Trying to make it userfriendly so anyone can use it at the end. Regards.
ETH/USD Trading IdeaPriority: Short
Reasons for open position:
- sell zone is 267-271
- we have downward channel and border of it coincide with sell zone
Stop above 271
Take profit 1/2 (257.1) and higher, depends on your greed
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NAV regression channel convergence, 3:1In my experience, charts have a strong attraction to moving towards multiple pattern convergence areas. Why? Because they're zones where a lot of emotion is triggered, aka lots of people will be involved. Market makers need to get you involved. That's why things drop just below your favorite area of the chart, get you emotionally triggered, and _then_ reverse. Or go just past your buy stop limit and then plummet. They go hunting for these trigger areas.
And I think the one circled is where NAV is headed next. Perhaps after some more accumulation / low side (sell for you, buy for them) triggering. Could be a week or even three before move happens. And I could be totally wrong, of course.
USDEUR IS OVERBOUGHT A DROP IS COMINGUSDEUR has high probability to drop, reasons:
Overbought (Yellow) in 85m 2H time frames indicated by "9 Seasons Rainbow Multiple Time Frames Pattern PRO" Indicator;
RSI Divergence
Previous Resistance: 0.892
Previous ascending channel has been broken.
Target 1: 0.884 Fib 0.618
Target 2: 0.881 Fib 0.382
Target 3: 0.873 Fib 0.236
STOP: 0.893
Some factor that against this idea: 1H Crazybought (Lime) means Bull has just overcome some resistance and is still strong, this may keep them longer on the possible Top.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
AUDUSD currently within a large rising channel & going longSince its last low at 0.70570, it has risen to 0.71680 and currently performing a correction before going higher.
At its current "drop" from 0.71680, it has reached an approximate price of 0.71000 and is moving within a "downward sloping flag" which means it will bounce back higher.
Downtrend + Downward sloping flag = Reversal
Look for an entry to ride the big rising channel.
Major Descending Channel on H4/D1 for EURCAD - BUY ALERTThis descending channel meant you could have been buying at every bottom trend line touch with take profits once it hits the top.
Risky moves were selling from the top to the bottom
VERY close to major support structure area. BIG BUY coming up
DON'T miss this - an UNCOMFORTABLE lot size on this move will go a LONG way in proving that patterns are KING!
"IF YOU DON'T KNOW PATTERNS, THEN YOU DON'T KNOW HOW TO TRADE"
"LEARN YOUR PATTERNS - YOU MUST KNOW YOUR PATTERNS"
--WAVE TRADER
Can Etherium finally break out of this downward channel?A target above $150 will be needed to break short term resistance, and also to escape the downward channel. Will the coming fork be the catalyst for this move? ETH is looking to be oversold on the daily, so a bullish move could be in the making. Etherium cannot afford to fall back to the bottom of this channel.
