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Trendline-breakout

{SWC}--E&O, W-Shaped Bottom Forming?Thank you for your continued support ! :) Strategy: Candlestick Bullish Chart Pattern Formation E&O, Breakout with volume today, will this momentum can keep going? We don't know, let the market decides. However, E&O breakout from short term downtrend line and forming double bottom (W-shaped) chart pattern. If the formation has to be done, neckline at RM0.635 should be the next direction E&O go with immediate support at RM0.595. Support: 0.595, 0.570 Resistance: 0.635, 0.670
MYX:E&OLong
by ShareWorldConsulting
ETHUSD - Possible Cup and Handle BreakoutAside from the visible possibility of a cup and handle pattern, upon tracing it out, the idea is supported by a volume decrease at the base of the "cup" and a volume increase towards the "handle". This bullish continuation pattern is further implied by fib support lines. Historical support/resistance lines indicate resistance to this breakout at approximately $300. Should $300 be surpassed, we may be able to expect a continued bullish pattern; otherwise, consider selling before the dip.
BITSTAMP:ETHUSDLong
by SolidPump
2
$MDU Consolidation Before BreakoutTo wrap up the year I'm going to leave you all with one more idea I have my eyes on. In this situation, we're looking at $MDU. MDU Resources Group is a stock that we have seen consolidate into two different patterns over the course of the last nine years. Both respective patterns have yielded excellent results as both have reached their respective targets. Now it is almost time for our third pattern to breakout. This time we are seeing price consolidate into a three and a half year long rectangle. I'm looking for a clear break (1W candle close) above the price of $30 (dotted purple line.) After we get a clear breakout above that level, I'm looking to enter a long position targeting the price of $36.20 for a gain of ~22%. To further support the idea of a bullish breakout, we can see the 200 EMA resting below the breakout level, which adds to my conviction that we will see a breakout to the upside. If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year! Drop a like or comment if you found this idea informational or helpful in any way. I wish everyone a happy and healthy new year! Cheers
NYSE:MDULong
by TheLuckyS7ven
LOONIE Likely to Test 1.31600 Level After Trendline Break!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
EURCAD Weekly Trendline Violated! Price Likely To Target 1.43500Have a look at the main weekly TF for EURCAD. The horizontal lines represents support and resistance levels taken from the monthly TF. The July's monthly candle closed below 1.47000 support and additionally the August's Candle formed a strong doji rejecting and closing below the 1.47000 support. This is a strong indication that the price would likely gather pace towards the next support present at 1.43500. Furthermore, the Longterm trendline on weekly and monthly charts was violated, Further suggesting a decline is on the cards! The chart above is Monthly TF charts of EURCAD indicating the LONG-TERM Trendline violation and monthly candle breaching and closing below the support. Fundamentally the EUR is bound for further incoming weakness as the ECB is struggling to hit their inflation target and the new incoming president has already suggested the rates could further go into negative territory in order to support the growth. I am already SHORTING the EURCHF, which has slight correlation to this pair and furthermore i am already SHORT on the USDCAD. Due to these factors and i am not willing to take this trade because it would increase my risk exposure and violate rules of trading. For those of you who would like to take this pair SHORT, you could do this at your own risk with the target of 1.43500 and RR of 1:1. This trade in my view is a high probability trade with many confluence factors in favor of us. cheers
Short
by FX618Analysis
EURCHF Likely To Fall Further After Support & Trendline Break!Oh make no mistake, technically most of the EUR related are starting to show a strong bearish pattern . EURUSD could tumble to 1.09000 level in the coming months even on the back of a weaker USD!. The above link is shows the analysis behind the EURNZD which has a potential to drop . However since many central banks are shifting towards easing, typically in this scenario fundamentally makes the SAFEHAVEN FX currencies perform the best. CHF being one of the SAFEHAVEN alongside the JPY in my view would be best performers against the EUR in the coming months! Have a look at the main chart weekly TF chart of the EURCHF. The horizontal lines are concrete support and resistance taken from the monthly TF. At the moment i am awaiting the monthly candle to close beneath the orange support located at 1.11000 level for added confluence. Furthermore, we have a long term trendline which has been violated on a weekly TF, for added confirmation that is why its advisable to wait for the monthly candle to close below orange line. This would confirm the broken support turned resistance and channel has been officially broken! The next support lies at 1.06000 level, where the price could potentially head towards. This seems like a big PIP move but if you look at the fundamental factors, we are seeing the ECB shifting their monetary policy to accommodate the changes which would likely result in EURO depreciation over long term. I am seeing the monthly would close comfortably beneath the support by the end of this month and then its advisable to execute the trade SHORT with the target of 1.06000 and RR of 1:1. This just represent my analysis on this pair and i feel this a high probability trade setup in play. shall there be any trade entries i would post them in a new post.
Short
by FX618Analysis
EURJPY Breakout Get Ready For BIG MOVES!My Idea On EURJPY . EURJPY possible collapse since the price have been closed below daily Uptrend TRENDLINE,Minor RESISTANT And Still inside DOWNTREND CHANNEL. Wait for pullback before ENTRY. Take-profit on nearest support If Price fail to close above 123.200 it will likely to break lower This is just my opinion on EURJPY . Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management. However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results.Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management. However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results. Trade At Your Own Risk. Happy Trading Pals.
Short
by Muizzudin