Get started

Parallel Channel

AUDCAD two possible scenarioson DAILY: AUDCAD is sitting midway between our blue resistance and green support so we will be looking for buy/sell opportunities. on H4: AUDCAD is overall bullish unless price breaks below its last swing, then we will sell this one. meanwhile, AUDCAD would be overall bullish and we will be looking for objective buy setups (trend-following) on lower timeframes. on M30: AUDCAD is forming a red trendline (not valid yet) so we are waiting for a third swing to form around it to consider it valid and then enter on its break upward.
by TheSignalyst
2
EURTRY waiting for a trigger to sellon DAILY: EURTRY is still sitting around a strong supply zone and All-Time-High so we will be looking for objective sell setups on lower timeframes. on H1: EURTRY broke below our red trendline but we didn't sell yet, as we always wait for a momentum candle close below the last swing for extra confirmation. meanwhile, until the sell is activated, EURTRY would be overall bullish and can still test the upper supply zone before going down.
Short
by TheSignalyst
GBPNZD waiting for a trigger to buyon DAILY: GBPNZD is sitting around a support/resistance zone in blue so we will be looking for objective buy setups on lower timeframes. on H1: GBPNZD formed an objective channel in red, so we are waiting for a momentum candle close above its last swing to buy this one short-term. Moreover, we have a bullish regular divergence on MACD adding more confluence to our buy setup. Meanwhile, as long as our buy is not activated, we would be overall bearish on GBPNZD
by TheSignalyst
HAL - Question answered on direction of Haliburton Here is my normal "grading a trade" mental checklist to see where we are. Weekly and Daily are wave 4 pullbacks and should gap down at the open for a 5th short. Resistance the last time at the center channel line was for 12-trading days before it finished it's drive to the top of the channel. This daily channel has been respected the last 29-months. Just my opinion and not trading advice for anyone out there reading this.
NYSE:HALShort
by JDubTickTrader
1
EURUSD waiting for a break to sellon DAILY: EURUSD is sitting around a resistance/supply zone in green so we will be looking for objective sell setups on lower timeframes. on M30: EURUSD is now trading inside a valid channel in red, so we are waiting for a momentum candle close below the last swing that formed around our lower red trendline to sell. we also have a regular bearish divergence on MACD. *Meanwhile, until the sell setup is activated, we would be overall bullish on EURUSD
Short
by TheSignalyst
NZDUSD potential sell setupon DAILY: NZDUSD is approaching a resistance brown trendline so we will be looking for objective sell setups on lower timeframes. on H1: NZDUSD formed a double top pattern so we are waiting for a momentum candle close below its neckline to sell. *Conservative traders have to wait for a third swing to form around our red trendline to consider it valid and then enter on its break downward. Meanwhile, until an objective sell setup is activated, NZDUSD would be overall bullish and can still test the upper green resistance from DAILY to get more liquidity to be able to push price lower.
Short
by TheSignalyst
1