Channelbreak
📉FETCH.AI --> 0.17$ then 0.25$ 📈BINANCE:FETUSDT
COINBASE:FETUSD
Hello Traders, please check out my previous ideas.
If the price stabilizes above the weekly Bollinger midline, the short scenario won't be fulfilled.
targets are on the chart.
Optimum stop-loss is above the 0.16 level.
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CrazyS✌
USDCADUSDCAD was trading in bullish ascending channel and then buying pressure seems limited. Now the pair is seems to be under strong sell pressure and break through important support zone with enormous sell pressure.
If the bears pressure is still on then bear's next target will be 1.3400.
What you guys think of it ?
usdx channelI appreciate insight into the ongoing trend in the market and how it is currently bullish until the channel is broken. It's interesting to observe how the trend is moving smoothly within the channel.
observations are indeed valuable and will take them into consideration when assessing the market conditions.
Best regards
Ocean detailed analysis #ocean is ranging in 1hr descending channel. A short scalp exists with tight stoploss.
While On Big time frame, there is descending channel. If breakout happens then price will touch green lines otherwise red lines. support resistance provided.
Complete scalp signal provided in Grp.
Nvidia -> Is This The Top Formation?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
Looking at the monthly timeframe you can see that after Nvidia retested previous support and the 0.786 fibonacci retracement at the $110 level, there was a solid rally towards the upside.
Looking at the weekly timeframe you can see that Nvidia is still a little bit overextended and we could certainly see a weekly retest of the 0.382 fibonacci level which is perfectly lining up with previous structure.
After Nvidia broke down of the rising channel a couple of days ago there was not a lot of bearish follow-through and also daily market structure is not bearish yet - I am simply waiting for a better situation on Nvidia to then look for a new trading opportunity.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Gold -> The 90% Probability SetupHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪
After the simpe monthly break and retest and also a retest of the 0.382 monthly fibonacci retracement Gold perfectly created the bullish continuation towards the upside and I do expect new all time highs on Gold in 2023.
Gold is also retesting the weekly support trendline of the very obvious rising channel and in confluence with bullish moving averages I do expect a bullish push from here.
Looking at the daily timeframe you can either be agressive and enter a position right now or you can wait for the confirmed inverted head and shoulders and a breakout of the daily bullflag and then this will be a very high probability setup overall.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
PLL - Inverse Head and Shoulders - WeeklyWatching LAC & PLL closely here as the lithium sector heads into earnings. PLL is seemingly holding the same channel after breaking out and retracing back to the channel it's currently holding. PLL is holding the same channel on the 4-Hour timeframe with its Bollinger bands squeezing, along with a Bullish Butterfly Harmonic Pattern, MACD golden cross. Bullish and and anticipating an upward move following their respective earnings reports. (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime -- Price Targets & Previous Charts Attached In Description --
PT1- $56.12
PT2- $58.74
PT3- $60.07
PT4- $61.26+
--Previously Charted--
USDCAD I It has broken the range and channelWelcome back! Let me know your thoughts in the comments!
** USDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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SOLARA is ready to breakout channel patternNSE:SOLARA is ready to break channel pattern in upside.
Financials is moderate and debt is relatively high.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
CESC is ready to breakout channel patternNSE:CESC is ready to break channel pattern in upside.
Technically volume levels are good as up move is with high volume and down move is with less volume.
Financials too looks good.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
CASTROLIND-DAILY/WEEKLY/MONTHLY-BREAKOUTNSE:CASTROLIND
Stock is consolidating in a channel from past 8 years. From last year it’s started to making higher low in weekly/Monthly Chart.
Monthly : As per monthly analysis stock has shown a bullish engulfing at bottom levels.
Weekly:
• June 2nd week we can see a big green candle engulfing past multiple weeks.
• June 3rd week there is rejection candle (Inverted Hammer). Things get interesting over here. The rejection candle didn’t get follow through.
• If we look carefully whole week the stock was trading between the range. July first week we can see a boom!
Daily: We can see buying from 122-123 levels from last few days and on Friday (7th July) We can see a big green candle with good volume.
It’s good time to go long for 155-160 targets.
SL: 117
I have already taken this trade.
This is only for educational purpose, please manage your risk accordingly.
Bitcoin Breaking Downtrend ChannelBitcoin is currently Bullish as it is breaking out of the daily downtrend channel in a big bullish candle.I think it will continue to 30k as the first target and then to 35k.Also there is a change of structure as it is breaking the previous lower highs and going higher.
This is not a financial advice.
AUDUSD:Get Ready to Ride the Downward Wave! 🌊📉Traders, pay attention! An enticing bearish setup has unfolded in the forex market. AUDUSD is signaling a potential sell opportunity on the 4-hour timeframe, indicating a possible trend reversal. Let's delve into the technical analysis and uncover the exciting prospects this trade presents.
My attention is drawn to the recent breakdown of the channel in which the Australian Dollar (AUD) has been fluctuating for the past two weeks. This breach of the channel serves as a clear indication of a reversal in the prevailing trend. Bears have seized control as they swiftly engulfed the last bullish impulse, asserting their dominance.
Further bolstering our bearish stance are the moving averages 9 and 21, which have recently crossed over in a bearish manner. This crossover adds another layer of confirmation to our hypothesis, solidifying the potential for a sustained downward move on Aussie.
The RSI indicator also lends its support to this bearish setup, as it currently hovers below the 50 level. This suggests that bearish momentum is gathering strength and the selling pressure is intensifying. Brace yourself for a potentially sharp decline in AUDUSD as sellers take control.
To optimize my entry strategy, it would be prudent to await a retest of the 0.68300 level. This approach allows me to set a tight stop loss, maximizing the risk to reward ratio. My initial target lies at 0.67500, with an additional target at 0.66500. It's crucial to monitor the price action carefully and consider taking partial profits at each target level.
Let's embark on this trading journey together and aim for success as we navigate the twists and turns of the financial markets! 🌊📉
📉XAUUSD 2H Setup before FOMC meeting📈OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 16(Update)
Hello Traders, please checkout my previous ideas.
Gold can move towards $1962-1963 after passing the $1955-1957 range.
In the next meeting of the FOMC, if the interest rate increases by another step, it can bring down gold to the level of 1939 to 1932 dollars.
On the other hand, gold can continue its upward trend to 1978 dollars
P.S: Just a funny picture😉
Don't forget to risk-free your positions.
Please share ideas and leave a comment,
Let me know what's your idea.
CrazyS✌