As depicted in the chart, the EURGBP pair is within a long-term bearish channel and is nearing its upper boundary, where it may face downward pressure.
Additionally, the price is currently trading at a significant resistance level that it failed to breach in its last attempt, suggesting a potential failure to break through again this time.
If you've found...
SNOW has been running since about the 1st of February. It beat earnings in November by 50%.
Right now it is situated at the mean-anchored VWAP where institutions pick up and drop off
shares the most. Price is at the lower boundary of an ascending parallel channel and is now
about 8% less than the double top of last week at the top of the channel. Price at the...
Hello, traders and friends. Let's analyze the GBPJPY 1-hour timeframe chart and explore a potential buying opportunity in this pair.
Yesterday, the price successfully broke above a Daily bearish channel that had been pushing the price lower since August 21st. This impulsive breakout to the upside suggests the potential for the price to move higher, possibly...
General Motors Company
Short Term - We look to Buy at 39.04 (stop at 36.14)
The bullish engulfing candle on the daily chart is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. Dip buying offers good risk/reward. Further upside is expected.
Our profit targets...
Welcome back! Let me know your thoughts in the comments!
**EURJPY - 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...
UPDATE: NEW CHANNEL - SAME CLASSICAL METHOD
The Price action ITSELF suggests the new Resistance and New Support
News Resistance = Old Support 20,174 $
NEW SUPPORT = 17,629 $
WITH CHANNELS SO PROMINENT - SHORT OR LONG BECOME
LIKE SHOOTING FISH IN BARREL.
Earlier Today We indicated a good CHANNEL-TRADE SHORT
for BITCOIN. By now BTC HAS FALLEN MORE THAN HALF THE WAY TO 20 K .
THE RAPID RATE of the BTC FALL
Brings to mind : "BITCOIN FELL ON HALF THE BUDGET AND AHEAD OF SCHEDULE"
Stay lucid, calm and focused. Good luck to all
The graphic is self-explanatory.
Additionally on every re-bounce from the very strong Support at 20,000 $ it would be possible to go Long.
A perfect Channel Trade if there ever was one.
ET MAKING A STEADY COMEBACK UP THIS ACENDING CHANNEL MAKING HIGHER LOWS AND HIGHER HIGHS ...LOOKS PROMISING WITH THE LONG TARGETS SET AT THE TOP OF THE CHANNEL ...
EARNINGS REPORT IS DUE ON 17 FEB WHICH COULD HAVE A FURTHER IMPACT ON PRICE DEPENDING ON WHATS REVEALED OF COURSE .
ALTHOUGH I ONLY FOCUS ON THE TECHNICALS AND RIGHT NOW MY SENTIMENT IS...
Ascending Channel is a Range Pattern that is a repeatable trading chart patterns.
Ascending channel chart pattern will have a directional bias (Short) depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a...
USD Jobless Claims came out under expectation, big blow to US. This matches up with technicals perfectly.
This is the big picture for EURUSD, we are still in an upwards channel with RSI in buy zone and higher highs.
Enter at current price area of 1.1825
Look to target top channel area.
Trading may seem complex but it's fairly simple when you look at the...
EURUSD in upwards channel. Have been buying at dips and exiting at tops.
1. Bulls are still in control.
2. Main direction is still up
3. Up trend line still active.
Entry @ bottom of channel.
Take profit at top of channel or in 40-50 pip increments.
Good luck trading!
Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made Simple
