Gold is approaching the support line of the rising channel and retest the previous triangle. Pay attention to the whether the rising channel will hold and watch carefully the bearish trend line. Good luck for everyone!
Looking like a lower high and near enough to be called a double top. Price action looks weak, expecting some short term bearish movements. Targets are 2880, 2820 and with a possibility of going as low as 2740. Do not despair, these prices will still be a very healthy higher low, and we will still be in an up trend. I must note caution here, I am not actually...
The ascending channel pattern on daily chart of Crude Oil presents a potential for a bearish breakout trade. As always, the pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the high of the breakout bar (not shown on the chart). More...
After breaking the ascending channel to down and the price failed to make higher high higher close level , which potentially indicate we will expect to see bearish trend , having said that we can see now a descending channel become clear and the trend keep doing lower low lower close , so expected bullish move at the mentioned zone up to the upper descending...
FB has completed the bearish gartley and might be a nice short setup. Above median of ascending channel.
PA is still in channel. Break to the downside has 2 targets, 2.07665 and 2.05053, that's if PA breaks the channel. Upper range break would target 2.13550 and perhaps 2.14570. Keep in mind the weekly chart where a pennant is forming and the bullish bat completion at 2.00 is in progress!!!
I'm keeping a close eye on this for a Weekly reversal signal before looking to go long.
Weekly - Bearish engulfing - Cross and close below 200EMA - Break and close of rising weekly channel (18 week uptrend) - RSI bounce from overbought territory
The ascending channel pattern on H4 chart of XAU/USD shows potential for a bearish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the high of the breakout bar (not shown). More information, and an MT4 chart template...
As long as the low line of the channel holds, we could expect a bounce to the top. Then breakout on the top is expected as well since the daily downtrend has been broken and retested. This could be a successfull setup: SL: 1.425 TP1: 1.44 TP2: 1.45 Good luck everyone.
Hello Traders, After doing top down analysis on FX:EURGBP , I have couple of key ideas that I would like to share with you guys. First of all we can see a clear rising channel (purple in color) formed on the 4 hour chart. Do notice the 2 false breakouts that we got in that channel. I only consider any level being broken only when we get a valid retest after the...
Just a couple of scenarios to get involved short depending on the depth of price action retracement (sell zone 1 Vs sell zone 2) .
The Rising Channel of the GBP/JPY has been broken and has closed below the Channel. I took a short on the first close below the Channel. My stop is 1 ATR is above Breakdown Bar around 187.05's. I listed a few Target's for you guys. Choose them as you wish. I only Trade 2 Targets per my Trading Rules. In order to get this pair we need to see Risk Aversion. All JPY...
The GBPJPY has been in a Rising Channel since October. Rising Channels tend to break to the downside. Today we finally got a break & Close out of the Channel on the 4hr Chart. This would be a longer term trade. Stop is 1 ATR above Breakdown Bar. Target is the measured move of the Channel (yellow line).
Nov 13 2015: BEARISH EURUSD 1H: Long term bearish channel (Analysis Based on 1 hour chart) Observations 1. Long term bearish channel 2. Two short term bullish channel 3. Bullish head and shoulder pattern 4. Price at weekly swing low NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
Nov 12 2015: BULLISH USDJPY 1 Hour: Buy flag pattern breakout (Analysis Based on 1 Hour chart) Observations 1. This pair has consolidated after a sharp up move NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.