Parallelchanel
FTM ANALYSISOn daily timeframe chart is forming a "descending parallel channel"
If the candle closes below the major support zone of $0.74 then price will reach the weekly support zone of $0.5.
Wait for breakout of the resistance trendline of the parallel channel or touch to weekly support zone to build a position.
AUDCHF 1hHello friends. good day. This is my analysis of this symbol. Of course, it is better to wait to break the channel.
FTM 15 MINUTES SCALPINGThis is one of my invented 15 minutes scalping method whenever I find the "Ascending Channel"
As you can see in the chart the point where price touches the resistance level of the channel (red arrow) is where to place a short or sell. While the point support level (green arrow) is the buy or long zone.
This point are not just picked randomly, they are selected based on the following criteria
1. the initial resistance becomes support.
2. the levels at which resistance becomes support have equal distance in between.
IEX is trading in parallel channelIEX is followint parallel channel pattern in 15min TF.
We can expect good move in either of side after pattern Breakout/Breakdown.
parallel channel gold price made a strong resistance on its daily support near 1920
now this strong bullish trend on H1 time frame has made parallel channel
support and resistance 1950, 1975, 1980, 2001
SHIBA World (Update)Hi every one , 4 possible scenarios are shown in the chart. If the bitcoin selling pressure is controlled at 47000, scenario 1 or 4 will occur, otherwise 2 and 3
Gold Spot BullishHello traders this is my analysis on gold spot my one of my favorites CFDs Using Heikin Ashi 4H candlestick charts showing higher highs and higher lows price action on this parallel channel still growing strong and still showing bullish signs.
However, I see that we are heading towards psychological resistance price level 1958$ which is a very strong resistance zone denoted in red rectangle which price has tested twice around November 2020 and early January 2020 partly of the decline of corrective wave B.
Price action set up now to break this resistance point with strong buying volume and bullish sentiment from traders and analysis.
I'm 85% confident gold is set up for a bullish market. Get your orders in; place your long positions from anywhere between EP@1890-$1910 ;TP@ 1950
Meanwhile if you enjoyed my content/ ideas, please leave a like and comment and don't forget to follow my trading view account thank you so much.
USDCHFAs we secured our pips from todays USDCHF long, now it seems to make a good move to bottom. Its worth a try.
Entry: 0.97320
SL: 0.97500
TP1 TP2 as on the chart.
SandP 500 E-Mini Futures 240 CME Updated 9/7/2017 Price has started to rice higher looking to try to break 2461 and 2480 resistance. Look to see if price can work its way higher, or if we will hold as resistance here and continue dropping. We are in a consolidation point here. Look to see if price wil break 2450 or 2480.
