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Channeltrend

CHFJPY I Intraday short from resistance Welcome back! Let me know your thoughts in the comments! ** CHFJPY 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
7
Trend Channels, One of the best trading strategy 🤓The channel is a powerful chart pattern for trading. Channels combines several forms of technical analysis to provide traders with entry and exiting points as well as risk control. In this training, I will explain one of the simplest trading strategies called " Trend channel trading strategy ". Please note, this post is a summary of this strategy and I only mention its main points. 😏 Types of channels and best for this strategy A channel consists of at least four contact points because we need at least two low points to connect to each other and two high points to connect to each other. In general, there are three types: Channels that are angled up are called ascending channels. Channels that are angled down are descending channels. Channels in which the trendlines are horizontal are called horizontal channels, range channels, trading ranges, rectangle channels. The channels are also divided into three categories according to the time periods who make the price range : Macro channels , which are made with 12-Hour time frame, daily time frame and above. Mini channels , which are made with a time frame from 1-Hour to a maximum of 12-Hour. Micro channels , which are made with time frames of less than 1-Hour. **Tips: 1- Macro channels are made of Mini channels, and Mini channels are made of Micro channels, However, it is only an estimate and may not always be accurate, and they are Not the main rules and condition for Identifying channels or drawing them. 2- There is no special formula or law for naming the channels according to their time frames with these names (Macro, Mini and Micro) and you can use any time period for any type of channel. Trade Reliability Conformations represent the number of times the price has hits the channels trend lines and rebounded from the top or bottom of the channel. These are the important confirmation levels to remember: 1-2: Weak channel (not tradeable) 3-4: Adequate channel (tradeable) 5-6: Strong channel (reliable) 6+: Very strong channel (more reliable) **these numbers are just for each one of trend line (up line or down line of channel). I will write the continuation of this tutorial in the comments of this post. 😎
Education
by Arash-RK
Bitcoin outlook in the year 2023 (Weekly)The past few weeks have confirmed the channel trend Bitcoin is trading in. It is clearly outlined on the chart (grey channel). We may get a bounce inside the channel where the area of support (whether weak or strong) is clearly marked as the grey bar. The lack of any bounce here would be a bad sign in the shorterm (weeks-months) for Bitcoin & presumably we could expect it to test the bottom of the trading channel. Do you think BTC will enter the strong bounce area as identified on my chart? ------------ The previous, bullish, run to start 2023 was healthy. It appeared that there was lots of buying at the increased price levels (yellow-orange circle). Allow me to speculate... BTC surging 40% caused many owners to take profits or cut losses. Was this the goal? That is, was there an attempt to take people out of the market? Perhaps I have much cash to work with and expect BTC to go to/near/past previous highs at some point. It would thus be beneficial buy BTC at any level below the expected goal. The 40% surge got people selling, but some were buying & confidently it seemed. ------------ This will be very interesting to see playout. I do believe I covered all the possibilities, so use this chart as a reference, but not financial advice. The only scenario not directly portrayed on the chart is a break (to the upside) out of the channel in the next 3-4 weeks--- Right where the green arrow touches the channel top. If this turned out to be the case we could expect the top of the channel to become the new support line with the white line around 26,000 USD being the new resistance. There is no such thing as precise resistances such as 26,580 USD for example, so when I say around 26,000 USD, I mean around. Got it? ----------- My final thoughts... I was skeptical of the run in January 2023 being genuine as BTC had only gone as low as 15-16,000 USD. Before every major bull run for Bitcoin we have seen it revisit lower levels. This may be where the big money comes in ($10,000-$12,000 in this cycle is possible). Plus, there is still plenty of drama to come as far as crypto regulations, supposed Binance scrutiny, and the FTX debacle. ---------- Disclaimer (not financial advice): I lean towards the side of BTC revisiting its highs (or passing) at least once more in its lifetime. It's dramatic-> , it's hopeless->, it's bought quietly by big money ->, it's hyped, -> it's new highs. Most times the little guys get screwed so be careful.
COINBASE:BTCUSD
by LtCmdrData
3
CADJPY I Intraday short 40-60 pips 🚀Welcome back! Let me know your thoughts in the comments! ** CADJPY 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
12
GBPUSD I Short and long opportunity outlookWelcome back! Let me know your thoughts in the comments! ** GBPUSD 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
20
EURUSD I Daily Chart Analysis & How to Trade It This WeekWelcome back! Let me know your thoughts in the comments! ** EURUSD 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
2
VOLKSWAGEN - BEARISH CONTINUATIONVolkswagen, one of the largest European manufacturers of electric cars, is putting its plans to build more battery factories in eastern Europe on hold until the EU decides how it will respond to the IRA with manufacturing incentives of its own. That is not favorable for the asset and there are not many reasons to expect short-term surges, therefore that downtrend channel might continue to range the asset, and considering we are close to the resistance line it is likely to depreciate in the near future. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:VOWShort
by legacyFXofficial
DISNEY - BEARISH CHANNELThe Walt Disney Company, one of the largest media corporations in the world, has been the subject of a wide variety of criticisms of its business practices, executives, and content. Currently having serious pressure in Florida from Governor De Santy's office, Disney might suffer a chain reaction of investors liquidating and limiting further losses. As politics drive the markets with the highest impact the asset might continue falling. The widening downtrend channel also confirms similar developments. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:DISShort
by legacyFXofficial