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Parallel Channel

DXY Detailed Top-Down Analysison DAILY: DXY is currently approaching a strong demand zone in blue so we will be looking for objective buy setups on lower timeframes. Keeping in mind that DXY can still go down to test the previous support to get more liquidity to be able to push higher. on M30: DXY is trading inside our purple channel, so we are overall bearish, however as mentioned from Daily, we will be looking for buy setups as price is approaching strong support. so we are waiting for a new swing to form around our upper purple trendline and enter on its break upward. Good Luck!
TVC:DXYLong
by TheSignalyst
USDNOK is taking the last breath before the uptrend startson DAILY: USDNOK is approaching a demand area in red so we will be looking for objective buy setups on lower timeframes. on M30: USDNOK is trading inside an objective channel in orange so we are waiting for a momentum candle close above the last swing that forms around our upper orange trendline to buy this pair. we also have a regular bullish divergence on MACD adding more confluence to our buy setup. meanwhile, until the buy setup is activated, USDNOK would be overall bearish.
Long
by TheSignalyst
7
EURSGD potential bearish reversalon DAILY: EURSGD is sitting around a resistance zone in blue so we will be looking for objective sell setups on lower timeframes. unless price breaks it upward aggressively, then a bullish movement till our next resistance in purple would be expected. on H1: this pair formed an objective trendline in red, and it is now forming a double top pattern. So we are waiting for a momentum candle close below our last swing that forms around our red trendline to sell EURSGD. meanwhile, EURSGD would be overall bullish.
Short
by TheSignalyst
7
EURUSD potential bearish reversalon DAILY: EURUSD is sitting inside a strong support/resistance zone in green so we will be looking for objective sell setups on lower timeframes. on M30: price is now trading inside a channel in orange so we are waiting for a third swing to form around our lower orange trendline to consider it valid and then enter on its break downward. we also have divergence on MACD adding more confluence to our sell setup. meanwhile, until the sell setup is activated, EURUSD would be overall bullish.
Short
by TheSignalyst
12
EURJPY potential bearish reversalon WEEKLY: price is overall bearish making lower lows and lower highs inside our brown channel, and it is currently sitting around our upper trendline so we will be looking for objective trend-following sell setups on lower timeframes. keeping in mind that price can still test our upper red resistance in red before going downward. on H1: price is trading inside our red channel (not valid yet) so we are waiting for a third swing to form around our lower red trendline to consider it objective and enter on its break downward. we also have divergence on MACD adding more confluence to our sell setup. Meanwhile, EURJPY would be overall bullish.
Short
by TheSignalyst
2
BITCOIN UPDATEas expected, price rejected our round number 10.00 and resistance/supply zone in blue. then price found support around our lower red trendline forming a new swing around it, so our red trendline is now valid and we are waiting for an objective break below it to sell Bitcoin long-term. meanwhile, price is retesting our 10.00 level again so we will be looking for objective sell setups on lower timeframes. unless price breaks aggressively above our 10.0 and 11.0 levels (zone) then we will be looking for objective buy setups on lower timeframes on its retest.
BITSTAMP:BTCUSD
by TheSignalyst
2
USDCAD - ForecastHey guys! This is my forecast for USDCAD. My forecast is concentrating on the third touch on the channel. This gives me a bigger edge for the short position. I always look for the multitouch identification and little bit of correction to the third makes it also more probable for short. My profit target is to the lows of the structure so I'm happy to take the trade at the top if I can. If USDCAD starts to make a correction like a flag type pattern, I'm happy to stay out of the trade because it hasn't made a third touch (multitouch identification) so it makes the trade less probable to play out. That's my thinking process for the USDCAD.
Short
by albiiinoo
1
USDCAD two possible ScenariosUSDCAD H4 - TWO POSSIBLE SCENARIOS this pair is trading inside this green channel, so we are overall bearish here. price is now sitting around the upper green trendline and orange resistance, so we may expect a downward movement from here unless price breaks above the orange level 1.4200 upward aggressively, then an upward movement till around 1.4650 would be expected as mentioned, for now, this pair is overall bearish (going downward), in this case, the first main rejection area is the lower green trendline and blue level 1.380 if price breaks below the blue level 1.3800, then a downward movement till around 1.3500 would be expected
by TheSignalyst
How to draw & interpret trendlines correctlyIn this video, I am going to show you how to draw & interpret trendlines correctly. You can apply this method in any timeframe and instruments such as forex, stocks, futures, bitcoins, bonds, etc… In an uptrend,a trendline connecting two swing low and act as support, which is also called demand line. In a downtrend, a trendline connecting two swing highs and act as resistance, also called supply line. So, always buy near the support and sell near the resistance to have an edge in trading. First, we need to define the timeframe we are trading. If we trade on daily chart, we can draw trendline in the daily timeframe. If we we use to trade in H1 timeframe, draw the trendline in the H1 timeframe.  One important thing is that once the trend line is violated, we need to adjust the trendline accordingly to fit as many swing low/high as possible. A break out from the trendline means there is a change of the pace in the trend. We can look at the trendline as a gradient. A steeper trendline means the price travel at faster pace than a less steep trendline.
CME_MINI:ES1!Education
by mingjong
6
NZDUSD ShortAloha. This could be a quick play short because the recent trend and run has been quite bulllish, however... Daily - showing signs of consolidation and rejection of the 50 ema where price is hovering. 1hr- If price breaks strongly bearish and well below the 50ema, this may trigger me in. 4hr - A better consolidation for this pair to go short would be if price was below the 4hr 50 ema, however, we may be in the long ride down if the bears come into play. We can see a rejcetion and bounce right back into a conslidating pattern. It's been 3 days since any major movement and indicates this may be a good time to enter but it's okay to not rush it. Price can continue its bull rum. On a LONG note: If price can move off the 1hr and 15minute with a nice break of the ascending channel, then I will be looking for BUY entries on this! Tread lightly when placing a trade in this market. Allow for more room to be lenient with your SL. It's not always about making money but instead, how to preserve your capital! Happy trading all!
Short
by Reid_Hicks
2
BTC/DOLLAR ! 💪🏿MOTIVATIONAL VIDEO!!!💪🏿👋👋👋Hello, dear friends! Glad to see you again! 🥰🥰How are you today? 💕 📽After my yesterday’s video, there were a lot of questions in private messages about what to do with bitcoin now.❓ 💡My today's video is more educational. 💡 I hope it will help many people understand the main essence of trading. 😍Great viewing, friends.📺 ❤I try hard for you!💕 😘Thanks for feedback😘 Subscribe and put like, I'm very happy about that !!!🌹🌹🌹 💥 See you soon💥 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
27
🐻WHY I AM BEARISH ON BITCOIN?🐻Hello, dears! 🌹🌹That's my first video, sorry, I'm a little nervous)🤓 ❤ 📊This chart shows, that the price is still in the parallel channelbut soon it will reach descending resistance, which means that soon we may fall down to a powerful support level. (blue colour🔵) 📉This time I want to try bitcoin shorts after price touching the resistance level. ❓ Are you with me? ✍🏿Write me in a comments, and don’t forget to put like and subscribe on a beautiful girl in a red dress❤❤❤❤))) ✔Stay with me) See you soon ⚡Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDShort
by RocketBomb
54
BITCOIN PRICE ACTION BULLISH OR BEARISH 🐄 vs. 🐻Hey guys, in this short video: I will describe what to expect from price of Bitcoin. In next hours and few days! What is the KEY LEVELS for BTC as support and resistance. Where I am going to increase position and WHY?! ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊 I want to remind you guys that I will be glad to discuss the latest market movements in comments! This is Artem Crypto
BITMEX:BTCUSD.P
by ArtemFuturesTrading
29