Channelbreak
BTC/USD: Swing-Setup! Chance to SELL the BREAKOUT and DT!Hey tradomaniacs,
welcome to another free signal!
Important: Market still a MESS. make sure to reduce your risk as good as possible!
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Type: Swingtrade
Sell-Stop : 4043,3
Stop-Loss: 4100
Target 1: 3944,9
Target 2: 3922,7
Targt 3: 116.495
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Peace and good trades
Irasor
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Setting Up for a 2x, 3x, 4x (maybe more)Ramped up Volume - A consistent increase since the first week of January. This is somewhat hidden/deceiving due to the volume spike on the 26th of November.
Heavily Suppressed - One of the few hidden gems to have a true break out since BTC's drop from the $6k support.
Channel Breach - The channels established during BTC's early 2018 have been charted and have held very strong. REQ's price (sats) has not escaped from upward from these channels and the time seems to be nearing.
Targets are marked in Bright Blue
Incase of a BTC drop, I've marked Stop Loss in Red Dashes
If 600 sats breaks, accumulation zone is marked Orange
<--- CAUTION ---> I am a self proclaimed semi-amateur, novice, rookie Charter with little to NO TA experience! :D safe trading
OMXH25 Longing opportunityI see a good chase to long here based just on TA, so dont take as investment advice.
- OMXH25 has broken out of a falling wedge
- It has broken out of the channel
- While breaking out of the channel it formed a bull flag
- MACD Bullish div supports further growth
2017 also saw a drop, but instead of a falling wedge it was a megaphone pattern with bull div and a bull flag.
Speculative pattern would with the current info do the following: 3945 => 4065 => 3920 => 4400 => BIG DROP later in the future.
USD/CAD a Bear in Sheep's Clothing The pair has had quite the week. Since January 2, the Canadian Dollar has been the best performing currency in the world. This comes even with the report of soft economic data on Friday. What surprised me the most was the fact that US non-farm payrolls crushed all expectations, yet the USD still weakened against the CAD. My only explanation is that there was a risk-on mood yesterday, as equities rallied amid the strong US data and news of potential US-China trade talks.
The pair has now sunk below its channel support line from October. It will require further monitoring to see whether it reverts back to its trend or a new trend is forming. On January 1, I had written that the pair should break above 1.36440 before initiating a buy position, due to the resistance that was forming around that level. It never got above there in the new year, and that resistance seems to be the point of reversal in the most recent up-trend. I would advise a wait and see approach now, given that this down-trend may continue, and a new support has not yet formed.
USD/CAD is a Breakout Occurring?Yesterday I wrote how USD/CAD broke above its nearly 3-month resistance channel line on Friday and the possibility of a new trend taking place. This morning USD/CAD actually traded in a narrow horizontal channel, stuck below the 1.3600 psychological resistance line and around 1.3566. That changed this afternoon, when a breakout above that 1.3600 resistance line occurred.
It is now trading above 1.3600, and the previous 3-month resistance upwards channel trend that I mentioned yesterday, seems to be over. This could be the formation of a more bullish up-trend. I think some patience is required over the next two days (Christmas holiday tomorrow) to see if a new support line forms in an up-trend. The market today was testing whether the previous channel would hold, and it appears that it did not, so now we see what's next for the pair!
I welcome any feedback or thoughts. This is a learning process for me and I hope to improve as time goes on!
EURUAS 15M CHANNEL BEARISH BREAKOUTPrice in ascending channel and has failed to make a new high
Price may bounce bullish at any of these levels shown
If price continues to fail through the ma levels then
1st Short trade
1st Sell Stop @ 1.1415
If price breaks below both ma levels then
2nd Short trade
2nd Sell Stop @ 1.1390
Sell TP is @ 1.1363
SL as shown
Watch for Mace to confirm direction by crossing below zero line
USD/CAD Trading IdeaFundamentally, currency rate will move up because OIL price is going down. Canadian dollar depends on Oil prices when it decreases USD/CAD is moving up always.
Technically, Price can break up downward channel because yesterday was powerful Pinbar which stopped all down move.
I will open buy if the price will break up that channel.
Goals: 1-st: 1.3288 2-nd 1.3348
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EUR/USD Long Setup - Breakout of the channel on the H1 showing price structure being taken out and supporting this bullish sentiment.
- Bullish divergence on the H4 using stochastics implying the bearish momentum coming to a halt and that we are in the mist of seeing a reversal after testing the lows of 1.1450.
- Clear rejection of the weekly support level on the D1 with a long legged doji, almost a dragonfly, which we saw yesterday on the daily closure.
- Targeting just above the 1.1600 level to my H4 resistance level with around 115 pips to be gained with a 70 pips stop loss.