USDCAD RECTANGLE CHANNEL PATTERN USDCAD is trading in a rectangle channel pattern on its daily chart and the price near the the lower trendline breakdown 1.33020
ST: MID: 1.36379
Targets:
MID: 1.29635
1.26272
Rectangle
EUR/USD IDEA...
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Bitcoin -> Massive Back And ForthHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪
A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected.
Furthermore you can also see that weekly market structure is bullish with Bitcoin creating higher highs and higher lows so there is no reason why Bitcoin should actually reject the previous resistance zone once again towards the downside.
Looking at the daily timeframe you can see that Bitcoin is still stuck in between support and resistance so I am now just waiting for a clear breakout towards the upside before I also then favor another bullish continuation setup.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Bullish Breakout on EURTRYThis breakout from the range suggests that buyers have gained control, and there is an increasing demand for the Euro against the Turkish Lira. This development may attract further market participants, contributing to the upward momentum.
📈XAUUSD 15 min trend outlook📉OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 19
Hello Traders, please check out my previous ideas.
Don't forget to risk-free your positions.
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Let me know what's your idea.
CrazyS✌
Bitcoin is very positiveHi, according to my analysis of bitcoin. There is a good buying opportunity when the rectangle is broken. A very positive green candle. Humiliate the power of buyers in the market. Do not forget that simplicity is the secret of success. Good luck to all
USDCAD reclaims the handle of the cup and handle...OANDA:USDCAD swept last years September lows at 1.323. As long as we remain within this yearly range again longs have the upper hand in terms of R/R.
Zooming out, USDCAD has reclaimed the handle of a very large sized cup and handle.
Dollar Weakens After FED AnnouncementsAs of now, the FED interest rate decision has been announced and the FED has kept the interest rate constant. In addition to keeping it steady, Powell still made harsh and hawkish statements. Personally, I have question marks in my mind about how full these explanations are. Because now the job is not just to reduce inflation and most business sectors have started to break. I don't think it can go on like this.
If we are talking about interest rates, the only factor we need to look at is the dollar index. The dollar index has technically formed a descending triangle. The level to be seen in a down break will be $ 98.
Netcare - RangeboundNetcare still very much in the range. For the traders out there, one might want to look at buying around 13.65'ish and selling at 16- 16.35 or even lower as the top of the bad is not tested as often.
Soy Meal Opportunity Launching Pattern Symmetrical TriangleThis is a 1 year rectangle with an 8 week symmetrical triangle offering potential launching pattern - breakout using 30 day ATR of 5 points (45-50%) would target 500 mark offering the trader 65 points x 100 or $6500 for each future traded. Of note, a prior symmetrical triangle in the pattern also occurred and reached the target. Its very likely the 1 year boundary will remain stable offering a trader profits and opportunities while trading within the boundaries.
BTC, Spike CityIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Dillies gave me FOMO feels, less now.
I may miss, but I wait for directional proof,
by watching how it retraces.
Every spike in this range has been retraced.
Stops hit, break out traders rekt, counts inval.
Watching for a break AND reaction.
Breakout IMMINENT on NZDJPYThis trade will take a while but is so worth it. Last week's candle showing strong buying support; ready to breakout to new highs. Targets above in orange. I'll start 3 positions, trim 2 at the orange lines and the final at the supply zone above.
💡Signs of the FALL of Bitcoin(4-hour time frame)💡Bitcoin has NOT seen an upward or downward Sharpie movement for about 12 days and is moving in the form of a Range market ; this Range movement generally causes the formation of a Rectangle pattern .
Bitcoin is currently moving above the rectangle pattern and the 🔴 resistance zone($31,420-$31,220) 🔴.
💡 Signs 💡 of Bitcoin falling again from the resistance zone can be candlestick patterns: Hanging Man , Shooting Star , and Marubozu Candle .
Also, if we look at the RSI indicator , we can see that there is a strong Regular Divergence (RD-) between two consecutive peaks inside the rectangle pattern. In addition, the RSI indicator seems to be issuing one of the most reliable sell signals, the Bearish Failure Swing .👇
🔔I expect Bitcoin to fall to at least the 🟢 support zone($29,860-$29,420) 🟢 and the bottom of the rectangle pattern after breaking the uptrend line .
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ANDHRA PAPER (D)- Crossed 200EMAStock has crossed the 200 ema level on the daily timeframe basis.
now next hurdle is 100 ema .
#Investing opportunity
Hammer at the support
GOLD: 1H analysis (SHORT 🔻) Hi guys
I hope you have used and benefited from the previous analysis.
Gold was in a beautiful ascending channel from the price of 1893 until 1930. It has now managed to break this channel from below and we expect the price to move towards 1913 and then 1904 after a break in its short-term descending channel.
GOLD: 1H analysis (SHORT 🔻)Hi guys
I hope you have used and benefited from the previous analysis.
Gold was in a beautiful ascending channel from the price of 1893 until 1930. It has now managed to break this channel from below and we expect the price to move towards 1913 and then 1904 after a break in its short-term descending channel.
USD/CHF: wait for a breakout before hopping onAt the moment, it can be inferred that the price is trading within the borders of the sideways-moving range that is plotted on the graph. Due to choppiness and indecisiveness, it is unknown what the next rally is gonna look like. However, if we get a clear breakout of one of the boundaries, a potential trade entry could be made upon witnessing a re-test.
Therefore, for now, we are sitting on our hands and patiently waiting for a clear signal before executing a transaction.
USDCAD: Bears Stepping In Ahead Of US/Canada Employment Figures↪️USDCAD was consolidating in a ranging box pattern formed around 1.3230_1.3265 in European session. I am seeing a breakout but not yet confirmed, from the ranging box which made me bearish biased. Once the breakout is confirmed, I will be expecting a bearish move toward the target below... Trade safe👍↪️
NZDUSD: 1H analysisHi guys
I hope you have used the previous analyzes correctly and have benefited
In the nzdusd chart we can see a descending channel where the price shows significant reactions after hitting the ceiling and floor. Now the price is at the ceiling of this channel. 0.6164 resistance is also seen in the same area. We expect the price to move to the following ranges after hitting this area and being rejected:
tp1: 0612
tp2: 0.609
tp3: 0.6068
In case of strong crossing of 0.6164 resistance, this analysis is invalid.
🚨Bitcoin Falls to the bottom of the Descending Channel🚨Bitcoin managed to form a Rectangle Pattern on Saturdays and Sundays when the trading volume was low.
I expect Bitcoin to react to the upper line of the rectangle pattern and the resistance line as the week begins and Bitcoin to fall to the bottom of the descending channel.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold: The Emotive TradeGold, the goldbug's blessing & curse, a precious metal of some serious conspiracy around market rigging. Here we see the chart setup that is developing dominated by worrying signs:
The Bad
1. The blue line represents overhead resistance, ideally would have loved price to touch that.
2. Price has carved a triple top near all-time highs.
3. We ended June with a swing high, usually when gold has a swing high, it does not immediately reverse course.
4. Price going higher but RSI lower
The Good
1. Price action can be construed to be forming an inverse H&S but ideally it must form after downtrend.
2. 200 month moving average is rising so if price get beat down, the support line.
If price goes down, how quickly will it make it to the pink support line. The alternative view is that the black lines are a bull-flag so price might not go all the way to the pink support line. We have enough uncertainty to get bulls or bears caught on the wrong side but we have the sign posts to guide trading.
