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Trendchange

USDCHF - Trendline Breakout & Potential Trend ChangeHi Traders! The market is in a Range. Key Structure: Resistance @ 0.94878 Support @ 0.93857 Trendline "Daily Key Trendline" - descending, resisting Trendline "H1-Strong Trendline" - ascending, support Category: - Trend Change - Breakout Trading - Swing Trading - High Swing Trading Description: The market is falling since a very long time on the daily Timeframe. It is respecting the Trendline. The idea is about the bullish Breakout of the daily Trendline. In addition the H1-Trendline is supporting the market. The target is the next Resistance. The SL is under the next Support. We recommend to trade the Breakout with a Retest! Thanks and successful Trading :)!
Long
by swissmoneymakers
USDJPY - Bullish Flag Pattern & BreakoutHi Traders! The market is in a Downtrend. As you can see the market was moving lower and lower until it reached the psychologic important Support of 106.000. After that, the market broke out from the Trendline with high momentum. This Breakout can now affect a Longterm Trend Change. After the Breakout the market started to retrace. If you pay attention to the pattern, you can recognize that this is a bullish flag pattern. The distance to the target is the same length as the first bullish move. We recommend to trade the Breakout with a confirmation! Thanks and successful Trading :)!
Long
by swissmoneymakers
2
AUDUSD - EASY Resistance Pullback Setup - Trend-Change possible?Hi Traders! The market is in a Ranging Condition. The Levels the market is moving in between are the Resistance at 0.64700 and the Support at 0.63700. If you use Multiple Timeframe Analysis, you can see this: The market is moving is moving upwards, but the market just broke the Trendline. Now the market is moving under the Trendline. It did not made a new higher high, so a Trendchange is possible. Furthermore the market is now at a Resistance; the market even made a doji. Some other red candles are appering too, sign for bearish price action. In addition the Stochastic is overbought too. If you zoom in you can even see a crossover. We recommend to trade carefully, because the Uptrend is still valid and we're selling! Thanks and successful Trading :)!
Short
by swissmoneymakers
1
Potential Trend ChangeAfter 1.5 days of trending downwards within our parallel channel, we finally start to see the price slow down near our 0.618 Fibonacci retracement level where we might consider opening a long position. My bullish bias will be confirmed if we manage to finally see a solid break and close above our channel as seen on the chart. Manually executed long with a 60 PIP stop loss and a solid 1:3 RR ratio until TP. This is NOT a financial advice, trade at your own risk.
Long
by Proszi
GBPJPY - Trend Continuation - EASY Trade SetupHi Traders! As you can see the market is in a downtrend. The market made a big bearish trending move. It started around 145.000 and has fallen to the area of 124.000. During this session the market respected the 20MA. After that the retracement move started. The market has risen until the resistance area at 134.000. Now the market is consolidating in a tight range. It is moving around the 20MA. This is a good setup for many traders, because the more "tight" a market moves, the more "explosive" are the Breakouts. That's why we recommend to take the trade during high momentum. BONUS SETUP : There are also chances that the market makes a trend change. If the market is going to do so, it'll have the break the consolidation area to the upside. So, if the market has enough momentum we'll buy the breakout upwards ;)! Thanks and good luck :)!
Short
by swissmoneymakers
USDJPY - Next Swing High is going to start!Hi Traders! The market just broke the market structure. Now it is in a (not confirmed) uptrend. Before, the market was in a descending parallel channel. Then it broke out, tested the Parallel Channel again and made a higher high. After that the market got under the previous High (orange dotted line), but it failed to make a new lower low. As you can see the market is now at the Trendline and a strong Support Area (purple triangle marked). This is a great time to buy, because the Resistance is two times away from the risk! We recommend to buy after a strong bullish Pattern. Thanks and good luck :)!
Long
by swissmoneymakers
GBPUSD - Ready for a decent Retracement?Hi Traders! The market was in a very strong downtrend. As you can see the market was making lower lows. Until now the market never suceed in breaking a high. That's why the market is likely to retrace even further. As you can see the market tried to break in the orange box again, but price action pushes back. That's why we recommend to take the trade now. In addition, the SL is under the lowest low. If the market breaks even under the lowest low, it'll fall even furthermore. So, we will cut the trade. The TP is at the 61.8% of the Fibonacci Retracement. We recommend to buy now for a decent pullback! Thanks and good luck :)!
Long
by swissmoneymakers
EURGBP - Strong Uptrend is about to end - Trend ChangeHi Traders! The market is in a strong uptrend. As you can see, the market is at the daily resistance which is tested tree times already. The target is at the 61.8% of the Fibonacci Retracement Level. This level is very popular and it is used by many traders. The SL is above the Resistance, but the risk-to-reward ratio is still above 1 to 2. Entry Point, TP, SL etc. in the red box are shown in the chart. We recommend to sell the change of the trend. Thanks and good luck :)!
Short
by swissmoneymakers
1
ACB's Dilemma: To accumulate and rise? Or fall and delist?ACB is at a critical price point at this time. The price action is still feeling the very strong downward trend that is pointing directly to $0 by no later than May. In order to even potentially reverse this brutal downtrend, ACB must first accumulate and confirm the end of the downtrend. An accumulation channel between $1.16 and $2.75 is potentially in the midst of forming, and ACB will likely move around this price range in the coming months until some volatility and volume decides to push it either way. We will get a better confirmation that the accumulation channel has likely formed if the downward trend lines are broken to the upside, while the price holds above $1.16. (in other words, ACB has to maintain above $1.16 by the close of Friday March 20 while never having a week that closed below $1.16 until then) The weekly 20HMA indicator has the possibility of indicating the end of the Bear Market once it starts moving in a positive direction. Confirmation of the Bullish retracement is only highly likely once three criteria are met: weekly OBV closing higher than its 20MA, weekly 20HMA moving in a positive direction whilst acting as support, and ACB’s weekly price closing above the $2.75 resistance of the accumulation channel with strong volume. During retracement, ACB may retrace to its 0.618 Fib ratio of around $6.82 as the top of its retracement. Otherwise, if ACB cannot meet all three of these criteria, ACB is likely to maintain the accumulation channel between $1.16 and $2.75 for months. If ACB closes below $1.16 on the weekly, it is likely to drop further into the lower accumulation area of $0.12 to $0.60 for several months and risk being delisted from the NYSE. TLDR: ACB has to move sideways before it can move up, or else it will continue to fall. I have presented specific details above that may indicate when the selling pressure has potentially stopped and sideways movement is likely. I will try to keep updates pertaining to this idea as the market provides new information in the coming months. I would appreciate any feedback or comments regarding this idea.
A
by Cuyut1031
1
AUDJPY SHORT UPDATEThis is a quick update on the Short Position we had on AUDJPY. Price took long to break out of the trading range below the Momentum low of 73.79. We finally had this break this morning. In order for further decline to be seen in the AUDJPY, price must remain below the momentum low and break 73.42 Low. Alternatively a break back above the 73.79 will trigger a rally back towards the 74.50. This is a continuation trade and more room is seen towards 72.40. ***We Are still Targetting 72.30***
Short
by Charts247TradingAcademy
2
The correction has begun! - BUY THE DIPHey there, sooo the correction has begun. Take a close look at this chart if you did not yet make your mind up about where price could be headed in the next weeks an months. We are currently forming a reversal candlestick on the weekly timeframe and most signals are flashing atleast short term corrective. Targets are 200MA at the very bottom at 8880 Setup trendline at 9150 Pitchfork supp around 9500~ For further details read the comments on the chart. This will most likely form a weekly higher low in the next few weeks, which would then confirm the weekly trendchange. Like, comment and follow me to help out each other! Go to my YouTube channel if you don't want to miss out on these ideas: Enlightened Trading Also follow me on instagram and twitter @enlightened_trading_ Cheers, Konrad
BITMEX:BTCUSD.P
by EnlightenedTrading
BTC Update! Is weekly ready to pull back? Will daily hold EMAs?It's been a few weeks so quick recap. Last posting was back on 1/20 from me and bulls had reached $9,195 and were slowly coming back down. I was watching to see if this was the weekly chart consolidating and stated it would confirm weekly was pulling back if the daily chart lost its EMA support. Bulls however held EMA support as shown on this chart. So bulls continued the march higher with $10,540 being the weekly chart level for our last lower high. Currently bulls hit $10,199 over the weekend and we are currently back down to around $9,800. Again, daily chart has still not lost EMA support and this pullback could be something as small as coming back down to 12 EMA or as seen back from our last posting a pullback to 26 EMA to find support before climbing higher. If bulls do lost EMA support on daily, then I am looking at weekly consolidation once again where anything above $6430 would give for a weekly higher low. Daily chart has been in an uptrend and weekly chart is trying to shift its trend to upwards as well and very close to doing so. Ideal scenario to me for the bulls would be let the $10.2k be a lower high on weekly. Give a pullback this week towards $8500-9000 which would lose daily EMA support but be a very healthy weekly higher low to then march to the upper $10,000's and get the weekly higher high to officially change the weekly chart to bullish in my opinion. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
Bitcoin screams bullishness - 1 more stop to goHey there, So there is stilll one more target to go. As I already said in my latest post, the 200Day EMA is one of the last major stops and resistances which bitcoin has to break to finally confirm a trendchange on broader timeframes. Sitting now at 8900 USD, the 200Day EMA acted as resistance multiple times in the past and seems to be of high significance when it comes to trendchanges. Another retest and breakdown off the 200 EMA would be a warning sign. Luckily not only does to imminent closeness of the price to the 200 EMA signal bullishness, also many other indicators tell us to be long. The weekly TI /TD indicator @tonevays still tells us to be long and keep sitting in postions from the green 2 above a green 1. We now further have a green 4 barely reaching above a green 3, which continues the bullish count and its anticipated outlook on price. The further we consolidate below the 200EMA and the recent high of 9200, the more we tend to break that level.c -->Line of least resistance; Look it up on my YoutTube channel if you want to know more. If all these levels get taken out by breaking to the upside, we will look at 10000 USD and the last swing high on the daily and weekly chart. There is still much more to say, so if you are curious, check out my YouTube channel: Enlightened Trading See back next time, Cheers Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading
2
USDCAD - Expecting Bullish FlagHi Traders! The market is in a very clear pattern. After a healthy downtrend the market is now trying to change the trend. The retracement moves are getting as strong as the trending moves. At the moment the market is in a flag pattern which is at the resistance at 1.30800. We're expecting a breakout with the same length as the first "shoot". If the market breaks out downwards, then this trade setup is invalidated. We recommend to buy the bullish flag pattern with a risk-to-reward ratio of 1 to 2 and a conversative TP. Thanks and good luck :)!
Long
by swissmoneymakers
USDCHF - What's next after the Bearish Wedge?Hi Traders! As you can see, the market is now in a downtrend. But the downtrend is very old and the power of it gets weaker. The last strong move the market did was the bearish wedge pattern. It moved down, then it made a consolidation wedge, after that it moved exactly that lower again. If you look at the H4-Timeframe, the support at around 0.96300 is not broken with strong momentum as it should for continuing the trend. Instead, it stopped moving and is even moving in the other direction, towards the Resistance. Possibly it is going to make a double top, but on the 1H-Timeframe we set our TP there. We recommend to buy the trendchange with a TP at the next resistance. Thanks and good luck :)!
Long
by swissmoneymakers