TSLA shares are trying to react today, and this is something that could signal a recovery, which is understandable, given how much the price has fallen in recent weeks and how oversold the stock is at the moment. Since the last top in December, the stock has plummeted almost 30%, breaking all its medium-term supports, materializing a downtrend. I say the price is...
CADCHF is trading at support level. recently the price has shown good bullish reaction from this level. As the price has created local bearish channel. fortunately the support of the channel is at major support level. Will the bulls attack this level.
AUDCAD is reaching to very strong demand zone. As the pair is still in local bearish parallel channel, the bottom of channel is also coinciding at demand zone around 0.8750 region. In past this region shown a strong bullish rally, are the buyers still waiting for this level?
DXY has given breakout from bearish parallel channel with very strong bullish impulse. A little bit of correction is due but the ultimate direction is upward.
GBPUSD is trading in bearish parallel channel and seems like the pound is under huge sell pressure. Will the instrument continued to be sold?
AUDCHF is trading in long term bearish trend and more to come to downside. Currently AUDCHF is in perfect technical setup of break and retest of bearish channel. Looking forward for more downside.
GBPUSD is trading in bearish parallel channel, and currently created a strong support near channel bottom with strong bullish divergence. Will GBPUSD show some bullish momentum from this point?
Microsoft Short Term - We look to Sell at 238.54 (stop at 249.55) Trading within a Bearish Channel formation. Selling spikes offers good risk/reward. Further downside is expected. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. Our profit targets will be 211.20...
Waste Management, Inc Short Term - We look to Sell a break of 166.30 (stop at 170.08) Trading within a Bearish Channel formation. The bearish engulfing candle on the 4 hour chart is negative for sentiment. A break of 166.30 is needed to confirm follow through negative momentum. Our expectation now is for this swing lower to continue towards the bottom of...
I decide to short XRP and put a place to sell in $0.3510 cents. In Daily timeframe, we see a bearish channel perspective that now, XRP broken down this chartist pattern and it's lead to reach $0.22 cents. So, if you want to short XRP, You can to put a place at $0.3510 USD, Stop Loss to $0.4225 USD, and take profit to $0.21 cents. This it's a risk/benefit:...
Price has been bouncing inside a descending channel for a while now and has recently rejected the demand area @ 1.32236. I expect price to breakout and retest channel leading to the beginning of an uptrend. N.B: Also looking at the currency meter now, it is pretty obvious that GBP is seriously gaining strength as against USD that's doing the complete opposite.
we can update bearish channel and 2 idea can exist. 1. break support and go to middle line and if not supported go to down the channel 2. for bullish wave chr have to break channel and resistance with good candle. wait for chart !!!!
On the Daily Chart, GBPUSD has finally broken and closed below the support level and has been deemed Double Bottom, Mission Impossible. A key resistance level at 1.3428 works on all 3 major timeframes, namely the daily, the 4-hourly and the 1hourly chart. You can wait for a double top setup on the 1-hourly chart the engage for a shorting opportunity. If you are...
Bearish Channel on the 4-hourly channel on Gold. If you have joined our live session you would have remembered how nice the candle rebounded away from the lower channel after I've drawn it? Amazing? It's just technical analysis.
On the daily chart(related ideas at the bottom), the market is showing a Bearish Channel. Shorting became great idea for traders who are looking for trend trading opportunities. On the 1hourly chart, traders can wait for shorting opportunity once the market has retraced back to 1.3741. Counter-Trend traders can wait for a double bottom trading opportunity when...
On the daily chart, GBPUSD has a Bearish Channel, that's great news for trend traders and trend following traders. For Counter-Trend traders, the 1-hourly chart has a pretty good setup for a buying opportunity. If you have seen my video analysis, you would have known that I prefer to apply my sideway bounce trading strategy on GBPUSD over EURUSD and 1 of the...
The dollar index is in a downtrend and reacts to support and resistance levels and moving average lines.
Trend Traders might want to take note of this bearish bat shorting opportunity that completes at 0.7068 for a trend-trading opportunity. The bearish bat pattern is formed within the sell zone of the current timeframe and within the bearish channel of the bat pattern.