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Beyondtechnicalanalysis

Sell EURJPY Triangle BreakoutThe EUR/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Key Points: Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal depending on the breakout direction. The recent break below the lower trendline signifies a potential confirmation of a downtrend continuation. Sell Entry: Consider entering a short position around the current price of 163.08, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following levels 162.33 and 161.98 Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the triangle, ideally around 163.40. This helps limit potential losses if the price reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
1
Sell GBPUSD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Key Points: Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal depending on the breakout direction. The recent break below the lower trendline signifies a potential confirmation of a downtrend continuation. Sell Entry: Consider entering a short position around the current price of 1.2662, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following levels @ 1.2585 and 1.2552 Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the triangle, ideally around 1.2695. This helps limit potential losses if the price reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
11
Gold Price After BREAKING $2030 Gold Price Analysis for the Week of 26/2 - 1/3/2024 • Gold price is expected to end the week positively due to decreasing US Treasury bond yields and lack of significant news. • The XAU/USD is currently trading at $2,038, showing a 0.70% increase. • Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above it. • Based on technical analysis, NOVA identifies key resistance at $2050 and support at $2030, $2016, and $2000.
OANDA:XAUUSDLong
by Doolz-Lebanese
1
Sell EURJPY Channel Breakout The EUR/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bullish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 162.85, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 162.04 and 161.54. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken channel support line at 163.35. This helps limit potential losses if the price reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
2
Buy XAUUSD Channel FormationThe XAU/USD pair (spot gold) on the M30 timeframe displays a potential buying opportunity due to the presence of a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel, characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure. Recent Price Action: The recent price action shows the price holding above the support line of the channel, indicating continued bullish momentum. Buy Entry: Consider entering a long position around the current price of 2026, positioned near the support line. This offers an entry point close to potential buying pressure. Target Levels: Initial bullish targets lie at the previous resistance level within the channel, now acting as potential support: 2046. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. If Price Breaks the Channel, its Starts Bearish like, Channel Breakout Pattern. Thank you
OANDA:XAUUSDLong
by KABHI_TA_TRADING
6
EURUSD H4 channel continuous or breakout ?A chart of the EUR/USD currency pair on a 4-hour timeframe. The chart displays a bearish channel pattern. Bearish channel: The price has been trading within a downward-sloping channel for some time, characterized by a resistance line at the top and a support line at the bottom. The price is currently trading at Top of channel pattern, if Breaks the Upside then it start Bullish Sign. However, it is still early to say whether this is a genuine breakout or a false signal. Overall, the chart suggests a potential breakout from a bearish channel, which could be a bullish signal for the EUR/USD pair. Thank you.
Long
by KABHI_TA_TRADING
21
Bitcoin Bullrun Rings (2016-2024)In this chart, I showcase my major Bullrun Rings since 2016. As stated on the chart, there have only been 2 failures that still resulted in a major upturn into new ATHs. The only failed trigger since inception was marked in Nov 2013 (not depicted). This saw a close above the green ring and then closed below two weeks later. Prior to this date, 4 additional targets were also proven to signal upward continuation. With regards to my additional ring placements, they help guide and navigate price action direction and assist in providing forecasted support, resistance levels and pivot points. The results are evident and harmonic, to say the least. Forward-looking projections and Key Takeaways: As I see it here, there is a little upward free-ranging until we hit either the above or below rings. Just keep in mind, typically once crossed, that price is not seen for a long time, or if not at all. One major clue in identifying major moves is when these cycle Rings converge or cross one another. On and around the week of the 20th of May 2024 we will be seeing a major crossing of Rings multiple rings. Some of which are not here due to the inability to visually comprehend. I have labelled some price targets, but be aware rings are not straight and price can, at any point hit a ring. As it stands now the peak of the upper red ring is coincidentally the 2022 ATH at 69K Final Thoughts Become subjected to what may appear to be a solar system of overlapping crazy rings, but be sure to look closely and see for yourself the confluence and relationships these rings play into price action and timings. Thanks Here is a link to the original post x.com I will be sure to post updates zoomed in as we approach a ring.
BITSTAMP:BTCUSDLong
by LiquidMafia
3
Sell GBP/USD Bearish ChannelThe GBP/USD pair on the M30 timeframe displays a potential selling opportunity due to a well-defined bearish channel pattern. Sell Entry: Consider entering a short position around the current price of 1.2580, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.2501 and 1.2453, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 1.2615. This helps limit potential losses if the trend unexpectedly reverses. Thank you.
Short
by KABHI_TA_TRADING
5
BUY GBPUSD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel Breakout: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signaled continued buying pressure. However, the recent break above the upper resistance line at 1.2610 signifies a potential trend continuation in the breakout direction. Buy Entry: Consider entering a long position around the current price of 1.2582, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 1.2610 and 1.2673. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken channel resistance line, ideally around 1.2560. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_TA_TRADING
1
Buy CADJPY Bullish channelThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Buy Entry: Consider entering a long position around the current price of 111.19, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 111.60 and 111.84, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the channel at 110.90. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_TA_TRADING
1
BUY EURJPY Bullish Channel PatternThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure. Buy Entry: Consider entering a long position around the current price of 161.50, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 162.02 and 162.35, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel at 161.00. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_TA_TRADING
1