LINKUSDT | MT Long H4 | Chainlink's Supply-Demand ZonePair: HTX:LINKUSDT
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Price have bounced off 61.8% Fibo retracement levels
- Price action is within two different parallel channels; 1 acts as a bottom channel support and the other is within a supply-demand zone channel
- Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level
Fundamental Confluences for Trade:
- Chainlink's progress has been remarkable and their latest application, Transporter allows users to move crypto assets and data across multiple networks.
- Further escalation of war risk may see risk assets get affected
Suggested Trade:
Entry @ Area of Interest 12.90 - 13.50
SL @ 11.59
TP 1 @ 14.48 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 16.03
Risk-to-Reward @ Approx. 2.26 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Parallelchannels
AUDCAD | Short H4 | Market Exec | Similar to NZDCADTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 timeframe
- Price action is at a Supply Zone and has another Consolidation Zone nearby it
- Price action is at the top of a channel resistance
- Targeting the 50% Fibo retracement
Fundamental Confluences for Trade:
- Same setup as the NZDCAD trade I just posted as well
- AUD has a RBA event risk if this trade is taken
Suggested Trade:
Entry @ Area of Interest 0.9030 - 0.9060
SL @ 0.9093
TP 1 @ 0.8983 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8921
Risk-to-Reward @ Approx. 2.14 (Depending on Entry Level)
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Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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AUDUSD | Short H4 | Market Exe | Consolidation TradeTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1 time-frame
- Price action is at a Consolidation Zone
- Aiming for the 50% Fibo retracement to TP
Fundamental Confluences for Trade:
- US yield differential against AUD will support USD
- China's economy is still struggling to improve and dampening AUD's growth potential
Suggested Trade:
Entry @ Area of Interest 0.6550 - 0.6560
SL @ 0.6596
TP 1 @ 0.6505 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.6479
Risk-to-Reward @ Approx. 2.10 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
USDCAD | LT Short D1 | Oil to power CAD StrengthPair: FX:USDCAD
Timeframe: D1 - Long Term (LT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Price action is at the top-end resistance of a parallel channel
- Horizontal trendline looks like a supply zone across few periods
- Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level
Fundamental Confluences for Trade:
- A strong oil story from ongoing geopolitical risks is a strong story for CAD's economy to remain their hold on interest rates while US's reflation story has been priced in by markets
- Risk is further war escalation from the Israel-Iran tension which continue the rush to safe-havens like USD or JPY.
Suggested Trade:
Entry @ Area of Interest 1.3750 - 1.3850
SL @ 1.3898
TP 1 @ 1.3640 (TP Half-Position & move SL to Entry level for B/Even once TP1 is achieved)
TP 2 @ 1.3567
Risk-to-Reward @ Approx. 2.08 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
AUDUSD | MT Long H4 | Middle of Parallel ChannelPair: FX:AUDUSD
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames
- Price action is now at the middle of a parallel channel
- Price is at 61.8% Fib Extension Level
- Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand zone.
Fundamental Confluences for Trade:
- Higher commodity prices is a positive for Australia economy
- Further war escalation from the Israel-Iran tension may bring on risk-off moves and affect this trade
Suggested Trade:
Entry @ Area of Interest 0.6390 - 0.6415
SL @ 0.6351
TP 1 @ 0.6448 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.6516
Risk-to-Reward @ Approx. 2.09 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
BTCUSD | MT Long H4 | Continuing The Run-Up?Pair: HTX:BTCUSDT
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on D1 and H1 time-frames
- Price action may face resistances from being at the bottom of a parallel channel, there is a support trendline going through and there is a demand zone area as shown with the horizontal trendline
- Price is close to 32.8% Fib retracement Level
- Targeting to trade this position between the Supply-Demand zones as shown with the Horizontal Trendlines
Fundamental Confluences for Trade:
- Market stabilization from geopolitcal risks and US's strong economic data is happening and may bring back risk appetite
- Fiscal dominance concern on the USD may see people try to buy BTC as a store of value (IMO, still not a store of value but as long as the market feels so, I'll go with it first)
- Further war escalation from the Israel-Iran tension may bring on risk-off moves and see the BTC fall
Suggested Trade:
Entry @ Area of Interest 61,500 - 63,500
SL @ 59,843
TP 1 @ 62,648 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 68,838
Risk-to-Reward @ Approx. 2.20 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
🚧ETCUSDT is Bullish now🚧 & many Traders don't see it 👀!!!➡️Ethereum Classic has been consolidating for a long period, indicating a major bullish price move is forthcoming.
Now price printing higher lows in a bullish pattern that is expected to reach $40 once the consolidation range breaks out.
🤑Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
HBAR to Repeat its Prior Move?This is a simple theory that COINBASE:HBARUSD can be divided into two parallel uptrends on the weekly:
one that acts as support
another that acts as resistance
When it first broke out of parallel support, it made a 2.5x measured move up, and then dropped back down near the 1.5x measurement, forming what would become parallel resistance after making a higher set of highs, dropping back down to 1.5x, and then losing it to fall back into parallel support.
After falling into parallel support, it tested the top of it and failed to move above, causing it to drop down to the bottom. When it did this it moved below support's bottom, but when it failed to remain below, it saw a strong and fast move back to the top of parallel support for another attempt to move above. This also failed, leading to a move back down towards the bottom.
Now that it has made 3 attempts at bottom, each attempt weaker than the previous, it should be ready for a 3rd attempt at the top of parallel support.
I expect it will break above it, as it has already failed to break below.
TP 1 and 2 are likely targets if it does this, but we could also see a repeat of its prior move sending COINBASE:HBARUSD back into and towards the top of its parallel resistance.
An example of how they are similar:
Nvidia - It Is Finally TimeHello Traders, welcome to today's analysis of Nvidia.
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Explanation of my video analysis:
In 2019 Nvidia stock started creating a long term rising channel and retested the lower support trendline the last time in 2022 before we saw a massive +600% rally on this stock. Nvidia is now retesting the upper channel resistance which I mentioned in the analysis and there is a quite high chance that we will see at least a short term correction towards the downside from here.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Confluence in Parallel Trends for BitcoinBitcoin broke out of its parallel downtrend here back in June of last year. That channel has a first target that is exactly equal with its ATH weekly close. I have an earlier post about this that is linked below.
It has since formed a parallel uptrend and is presently looking like it may attempt a breakout. Should that occur, its TP 1 and 2 are halfway towards and then just a hair above the parallel downtrend's TP 2.
There is confluence here, both in its measured targets for both parallel trends, and in its previous ATH.
It could also form a double top if the breakout reaches previous ATH but then falls back down into the channel.
If we don't see a breakout now, it could move back down towards channel center around 42-46k or channel bottom around 32-36k, and that would shift breakout targets higher (as well as breakdown targets).
Alternatively, there could be a breakdown of the parallel uptrend - and this would also have confluence with a 2nd re-test of parallel downtrend's channel top, which could also form a double-bottom.
Nasdaq - Time To SellHello Traders, welcome to today's analysis of Nasdaq.
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Explanation of my video analysis:
For more than 14 years the nasdaq has been trading in a super obvious bullish parallel rising channel. In the beginning of 2023 we had another retest of the lower support which was followed by a +65% rally. If the Nasdaq rejects the current resistance towards the donwside and retests the support mentioned in the analysis, I will then be looking for long setups again.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
CKBULL FLAGSHIP CKB has undergone consolidation within multiple descending parallel channels. Following a break and retest of the initial parallel channel, signaling the beginning of a bullish trend, we anticipate the price to advance towards the subsequent resistance of the second channel and ultimately reach the third channel. A breach of the final descending parallel channel will confirm the continuation of the bullish trend.
Shanghai Comp SHCOMP ~ Bearish H&S Update (Feb 2024)SSE:000001 chart mapping/analysis.
Been a while since I've published any charts on TradingView - process is a pain in the a$$ tbh & procrastination crept in while lacking TA-edge on markets + other commitments..
That said, noticed Shanghai Comp chart still notching views given current environment so thought I'd give an update.
Initial TA thesis hasn't changed - bearish H&S identified in Dec 2023 completed & still in play, despite PBOC desperately throwing everything to keep their market afloat (don't fight the trend).
Chart notes:
Cleaned up clutter from previous chart
Added descending parallel channel for potential bounce play off lower trend-line
Labelled 50/200 EMA death cross to signify bear market trend (weekly chart)
Break below ~2666 = further capitulation
Break above ~2924 (R1) = bullish trend reversal
Stay tuned whether I get back on TradingView horse & update older charts or publish new ones, cheers.
Parallel Channel pattern breakout in MFSLMAX FINANCIAL SERV
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Parallel Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 950+.
✅Can Go Long in this stock by placing a stop loss below 890-.
AMD Weekly Technical AnalysisAMD Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Parallel Channels, Modify Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.