If UNI brakes Out Of Descending Triangle Hey guys welcome for a fresh crypto update
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As you can see in this chart Uni can brake out of a descending channel towards the upside. A good trade opportunity.
UNI looks good for a buying opportunity under 3.75$-3.72$ expecting another rally towards 5.1$-5.3$ zone, however 3.36$ will the best stop in case things goes wrong. There's Good RR 2
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this is Husain Zabir, signing out
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Trend-analysis
AUDCAD waiting for the sell setup to formHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: AUDCAD is sitting around strong resistance in blue so we will be looking for sell setups on lower timeframes.
on H1: AUDCAD formed a channel in red so we are waiting for a new swing to form around it to consider it our trigger swing.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
OSP - where to from here?We look at ASX:OSP after a rapid mid-year rise and subsequent fall-off.
After entering the downtrend in August, ASX:OSP hit a support of $0.022 before failing to break through 0.618 fib resistance. Subsequently the previous support of $0.022 turned into resistance.
New 'Support 1' of $0.018 was found which ASX:OSP has looked to have bounced off at the start of November.
Four-month downtrend will be tested again next week and will dictate how the remainder of 2020's trading plays out.
Crucially, DMI+ crossed over the ADX in early November and this still remains (although close to the 25 level which is the rule of thumb for trend significance)
In addition, standard Stoch is showing a movement away from oversold.
Finally, the WVF is hinting at a movement away from market bottoms.
An interesting stock to watch over the next week - a movement away from Support 1 is likely and even trading sideways would see the four-month downtrend broken.
EURJPY Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: EURJPY is sitting around strong supply in blue so we will be looking for sell setups on lower timeframes.
on H1: EURJPY is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish.
N.B. when the sell is activated, we will move our stop loss to breakeven as the trade approaches the lower blue trendline.
Good luck!
CADCHF Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: CADCHF is sitting around a strong resistance (and round number 0.700) in blue so we will be looking for sell setups on lower timeframes.
on H1: CADCHF formed a valid channel in red.
Trigger: Waiting for a momentum candle close below the gray area to sell.
If the price forms a new blue dot around our lower red trendline, then we will update our trigger swing.
NB: Until the sell is activated, this one would be overall bullish.
Good luck!
EURJPY Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: EURJPY is sitting around a strong resistance/supply in blue so we will be looking for sell setups on lower timeframes.
on H1: EURUSD formed a descending triangle and head and shoulders pattern.
Trigger: Waiting for a momentum candle close below the gray area / neckline to sell.
NB: Until the sell is activated, this one would be overall bullish.
Good luck!
EURCAD Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: EURCAD is sitting around a strong resistance in blue so we will be looking for sell setups on lower timeframes.
on H1: EURCAD is forming a trendline in red (not valid yet) so we will be waiting for a third swing to form around it to consider it valid and sell on its break downward.
Trigger: Waiting for a momentum candle close below the gray area to sell.
NB: Until the sell is activated, this one would be overall bullish.
Good luck!
EURUSD Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: EURUSD is sitting around a strong resistance in blue so we will be looking for sell setups on lower timeframes.
on H1: EURUSD formed a valid trendline in red
Trigger: Waiting for a momentum candle close below the gray area to sell.
NB: If a new blue dot is formed around our lower red trendline, then we will update our gray area.
and until the sell is activated, this one would be overall bullish.
Good luck!