LONG ON GBP/CAD Downward channel falling into a major support zone on this pair.
small morning start candle stick pattern on the 2hr timeframe.
it would be a safer trade to get in after the breakout then a retest, Im just trying to catch it early.
Here is the play I will be taking on this pair:
OT = MARKET BUY NOW
P = 1.63255
SL = 1.62865 - 42 PIPS
TP = 1.64541 - 125 PIPS
G-channel
Palantir $PLTR Sub $10 Before Earnings?PLTR missed forecast by nearly 45%, the CEO (Karp) has been critical of short-term event horizons.
Couple the previous miss with:
- Economic: Macro headwinds due to sharply rising prices w/ rampant inflation that's looking to be persistent
- Technical: Support on the 20/50 EMA will be tested again seemingly, bigger focus is being rejected without gaining momentum to test the 100 EMA is a surprise
Next few days' price action will be interesting.
TRADE OPPORTUNITY – LUNAUSDT Bearish channel 1hAfter a big rise on the daily chart LUNA is looking for the bottom to continue its trend giving us a great buying opportunity.
Indicators Used
*Fibonacci retracement
*RSI lvls
*MPVR
About the BEARISH CHANNEL graphic pattern
Channel of a pattern where the asset loses funds but has no downtrend continuity. It shows a depletion of buying force and tends to break out to the upside reversing the trend of its timeframe.
Current scenario
As everyone knows, no asset goes up forever, needing to create funds to maintain its uptrend. Luna has been in a strong uptrend for months on the daily chart always looking for bottoms when the RSI on the 1h hour chart goes into oversold. Now we are forming another fund, a great opportunity for purchases.
Strategy
Buy at the bottom formed at 1h in oversold.
Using RSI lvls we can see the buy range where the 1h chart goes into oversold and marked with the yellow box. In the middle of this region the MPVR points to a strong support range at the value of 106, which indicates an excellent entry point. The value of 106 also coincides with the Fibonacci retracement, where 0.65 at an excellent entry point called the GOLDEN LINE.
Conclusion
As I always divide my equity into 10 shares and position within the yellow buy range to get the best average price, however, this time I will focus more heavily on the value of 106 due to MPVP. As Alt Coins are extremely volatile I will protect myself from an unlikely, but possible flush up to 100, a strong psychological number, positioning my STOP just below.
The exits I mentioned before are made partially at each strong resistance, however if the uptrend remains strong I will make a partial gain on the first resistance and I will stop making partial gains by raising my STOP at each bottom formed at 1h to try to surf the wave .
Sum of all FearsUpdated Wyckoff Distribution Pattern from last years chart.
I think this week in crypto it will punch down to the SOW - Sign of Weakness.
The weakness is likely to be a result of all the financial sanctions against Russia and their exclusion from SWIFT.
Over the weekend there was turmoil over the situation in Ukraine.
Russia didn't open their markets for fears it would crash.
As asset managers try to reduce exposure to the increasing Russian sanctions, I think there will be some liquidations that will punch through this 2 year regression trend and punch out a new low support for crypto.
next 24-48 hours will be key as markets digest the Russia/Ukraine situation.
Deepak nitrate sell and open target sell nitrate and hold up.......................................................................
LONG ON EUR/GBPOn the weekly timeframe we have a downward channel and price is currently bouncing off a support/demand zone as well as the trendline.
The overall trend for this pair has been down, so if price decides to break support and fall it would actually be (expected) because of the trend (even though I am taking a buy on this trade)
If price breaks and retest the support level I will look to exit my buy position and enter a short position.
Here is the play I will be taking on this trade:
PAIR = EUR/GBP
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 0.83899
STOP LOSS = 0.82966 - 93 PIPS
TAKE PROFIT = 0.85440 - 154 PIPS
AUDJPY: channel breakoutHello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
AUDJPY :
the price braked a neat parallel channel and I expect further bearish movement.
please note how the price moved in the ascending channel that shows weakness of buyers.
Our first target is shown on the chart (support zone).
please remember any analysis can be failed. so, manage your risk and respect your stop loss.
An optimistic prediction for ETHEarlier in the week we saw ETH broke through the bottom of the long term regression channel that goes back to December 2020. I believe this to be a bullish sign, with selling pressure finally alleviated. I've drawn a very short term regression channel just to visualize the 5 days of bullish price action that followed. We see that RSI is turning up, as well as the Trend Flex Oscillator. My hypothesis assumes that ETH will find its way back to $4500 by mid February, and another ATH is on the radar for April. Of course this is all predicated on the bulls taking back the market for the next three months.
EURRUB ChannelI marked a significant zone and did not see any solid pivots for a pitchfork but noticed a few reversal along a centerline so I used the regression trend tool and extended the upper and lower deviations to 3/-3. After placing the channel the centerline is not as visible as I thought. I'm mostly experimenting with the regression trend and watching for now.
QRDO curved channel with supports and resistancesMAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Cryptos bull funnel preparing in TOTAL2MAGENTA CHANNEL ARCS
They cover the trajectory of the price bounce from bottom to top. The oscillation of the price gaining momentum and loosing it later.
LIME CHANNEL CURVES
A "plastic wrapper" around those arcs to smooth probable limits and to simplify visual interpretation.
Can the price break into a strong bear market?
Yes, it is possible! But the chart points in another direction. If you look closely there is a "somewhat like" Head Shoulder Head Shoulder formation that still prevails in repetition. The bear momentum is losing speed.
How accurate are the "magenta arcs" of the following months?
I cannot still project speed, curvature, or any kind of vector until the new bull market starts and has some history behind. I tried to sketch some probable boundaries by looking the history and the projection of grey trend lines. But the last magenta arcs are NOT ACCURATE with this technique (at this time)
In a conservative stance , I would enter the market when the value surpasses the violet trend line.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Look my previous TOTAL2 publishing here (press PLAY)
I will republish this chart in a future with new updates.
A pullback is needed, Bitcoin might see 46K area again!Bitcoin Comprehensive Analysis
Bitcoin is still in this downtrend channel and as long as we are in this channel, We can't expect the trend to reverse!
I think there can be a pullback(Trend Still Bearish),
So this pullback can be continued maximum up to the yellow area.
40K is the most important support area, I don't think that This support is going to break before a pullback. Just note that it's is so important for 40K to be maintained.
BTC dynamic moving average with supportsA very simple media curve that attempts to find the moving center of BTC.
Blue supports could be the last BTC floor on its price. If 40k support is broken, BTC could fall to 30k. I still think this would be an unlikely scenario, buy possible.
Take a look at the pattern replication idea (linked below) to have a wider scope of why I think this could be the price floor.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
THETA curved channel with supports and resistancesMAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
CTK curved channel with supports and resistancesMAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
MIR curved channel and arcsYELLOW ARCS
General price trajectory floor.
MAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
BOSON curved channel and arcsYELLOW ARCS
General price trajectory floor.
MAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
VET curved channel with supports and resistancesMAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
BTC pattern replicationBTC channel updated with added found pattern
It looks like there is an imminent correction before the next BTC bull run
So this points to a SHORT before the LONG
Target date points to mid January and price could be around 43k
MAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.