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Trendlinebounce

EURGBP I Scalp + Intraday 25 - 30 pipsWelcome back! Here's an analysis of this pair! **EURGBP - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
[Potential] XRPUSDT: 3-6 Mth Range PlayBITSTAMP:XRPUSD Technicals: - The two Horizontal Trendlines range in Yellow is a good consolidation area albeit quite a wide range - The other 2 Horizontal Trendlines (0.73 and 0.90) are also consolidation areas (good to either TP at those levels or take some off exposures off the table at those levels) Fundamentals: - The crypto space has taken a drastic hit from big capital wipeouts from major selloffs in various asset classes - There is still plenty of fear going on in the market and this bear market may drag on for some time - For Ripple, there is alot of ongoing legal issues that needs to be resolved with the SEC before we can see XRP moon ----- Expecting XRP to keep ranging in the Yellow area for now; watch for bounces off Trendlines to make good use of the XRP buying demand at key levels. We will be waiting for confirmations of multiple confluences before considering this trade setup ready. Patience is the key to success. ----- *This pair outlook is provided on an advisory basis. Any trade decisions made based on this outlook is a personal decision and we are not responsible for any losses derived from it.
BITSTAMP:XRPUSDLong
by weekendanalyst
$CROUSD bouncing at the trendlineAfter seeing a capitulation, rarely do we see an immediate reversal back up. Even if the current trendline sends a strong signal to the bulls, it is unclear if a reversal is imminent or is this just a temporary relief bounce. We noted that 2 weeks ago there was plenty of air (lack of market participants) in the region of immediate price action and expected a large movement (could have been up or down) but alas it went dipping. In my other charts, the $BTCUSD charts, we saw $BTC bouncing similarly on its trendline, and then it broke support and went dipping hard. So could $CRO follow? For now, it is probably best to err on the side of cautious optimism and allow $CRO to establish a new trading range (TR) first or wait for other confirmations.
by googooboyy
[Bitcoin] Attempt to reboud at $29.8K, how far can it go?#Crack #Bitcoin #Binance #Daily - Bitcoin is trying to rebound after falling to the $28.1k-$29.8k section, which was importantly mentioned after the last briefing. - The green trend line connecting the low on January 4 and the low on June 22 also shows a rebound in the overlapping section and a signal of the possibility of a continued trend reversal in the RACD candle indicator, so if the 31k-31.6k resistance is broken, $35,071 and blue bullish channel lower resistance retest draws an bull trend. - A break of $35k is important if a strong rebound occurs. Even after the breakout, the $35k support retest should be successful until the $37.8k-$39.4k resistance breakout, where the lower resistance of the bearish flag pattern is located. - If the $28.1k-$29.8k support fails after the failure to break out the $31k-$31.6k resistance, as mentioned in the previous briefing, a decline to the $10k-$12k should also considered in the future scenario.
by Tommy_Trader
2
Will Apple Bounce Off The Branch Or Fall From It?Will Apple Bounce Off The Branch Or Fall From It? Apple ( NASDAQ:AAPL )bounced off of its "branch" or trendline four times on the daily timeframe! It would be nice to see a bounce from the "branch" for a fifth subsequent time. 3 out of the four times APPL bounced, it was trading above the 200 MA! The fact that it bounced a fourth time from the same branch is significant because it was trading under the 200 MA. In my opinion, a candle would need to form under the branch to take Apple to the downside. The formation of a candle under the branch would give us another strong area of confluence. At the point, we could say, "Apple feel from the branch!" Take a look at the Apple branch and ask yourself, "Will apple bounce off the branch or fall from it?" Peace & Prosperity, Al
NASDAQ:AAPL
by MrALtrades00
3
SHOP: BOUNCE ZONESHOP (Shopify) has dropped 70% since November 2021. Yes we can drop more. However I like the risk reward ratio here as the price is now sitting on a trend line (in green) connecting the lows of Nov 2019, March 2020 and March 2022. The weekly RSI is slightly oversold and we're starting to see a bullish divergence . Bonds are bouncing already, which could support a bounce in growth stocks . I'm a buyer at this level for a possible bounce to 640. I can cut my position quickly and without too much damage if I'm wrong. If we drop more, the next levels are between 437 and 413... Trade safe.
NYSE:SHOPLong
by Elpidaldo
2
Will XTZ recover ?XTZ is trading in an ascending channel (Log Chart) since February 2020. Both trendlines was tested several times in the past. There are many multiple factors that affect all markets last days or weeks, like events on Canada, Biden’s crypto executive order or Russia – Ukraine conflict, etc. At the time of writing this report, XTZ is trading at $3.17, a further drop to $3.00 – 2.54 is possible, but not certain. A trendline breakdown, at its own, is not the proof of reversal. A break and close below the in the 1W TF may result in a deeper breakdown to $2.10. In the long run, with the current situations there is no worrying signs for a bearish reversal in the market. For long positions: Take profit targets are: $13.21, $15.73, $19.81 Stop loss or alerts below previous week or month low depending on your time horizon. In any case R/R ranges from 8.39 to 21.77. Consequently, it is a worthwhile trade/investment. Resistance zones in a new update. If I help you with your trading plan, like, follow me for more ideas & in my social media for more updates in the crypto market.
KRAKEN:XTZUSDLong
by Rhaonnor
GBPUSD Long the Kumo BounceWe got a move straight to the top of the long term cloud and then a big retracement towards the top of the short term cloud. This also coincides with the neckline of the previously formed head and shoulders pattern. Places where multiple supports confluence are usualy very good areas to open a trade. I expect the price to go back up to the top of the orange cloud and put my stop loss right below the right shoulder of head and shoulder formation.
Long
by Honestcowboy
Three peaks at resistance pointI have been watching this pair very closely today as it broke the very long term trendline (purple) and I am expecting it to move back down to the bottom purple line of channel in due time. Distance from Kijun is also very high and a retracement has to happen naturally. Possibility is to wait for more clear trend direction change and use a bigger stop loss instead of guessing top with red trend line as I do here. You can target much lower than this take profit and increase risk to reward but probability of trade finishing will be much lower. Trend lines when zoomed out:
Short
by Honestcowboy
EURUSD - Multiple Indications for Bullish MovementSummary of indications: Market @ weekly Support Market ready to bounce up from daily Trendline Support RSI Indicator is oversold ------------- Hi Traders! The idea of this setup about our analysis, that the market is very likely to move up. Therefore, here are some indications (other exists too): Firstly, the market reached the weekly Support Level closely. It didn't touched it yet, but is possible to move up. Be aware, that the market also could touch the Support first, before it goes up. The second thing is that the market is at the daily Trendline. This daily Trendline is descending, but supporting and it got respected in the past too. Another clue is that the RSI-Oscillator shows a very unsold stage from which it is coming back. The lowest value of the RSI was around 20. Our TP would be the next Resistance, which also confluences with the 50.0% Fibonacci Retracement. If you have another point of view, something to add or anything to ask, feel free to do so! Thanks and successful Trading :-)! (****Take your own risk!*****)
Long
by swissmoneymakers
USDCHF - Price @ Trendline + SupportSummary of the indications: Daily Trend --> Symmetrical Triangle Weekly Trendline Support Daily Support --------------- Hi Traders! The main setup of the market is that the market reached the weekly lower Trendline, which is often respected. This Area also confluences with the daily Support. Also, the high momentum on the bullish movements in comparison to the bearish indicates strength on the bullish side. If you have anything to add, another point of view or something else to share, feel free to comment! Thanks and successful Trading :-)!
Long
by swissmoneymakers