Descending Channel

Morning traders Following the big moves in euro after yesterdays european central bank meeting and the Euro spiking higher on lower than expected levels of Quantative easing being announced. The move higher has taken Euro Cad to the upper levels of the descending channel as per our trading view chart work. This coincides with extreme overbought levels on...

BTC holds the 10000 USDT mark though there are no buyers to boost the price on higher levels . It seems though from the chart that we will have to go higher for price to prepare on going deeper on lower lows territory as any attempt from sellers the last week only resulted on strong bounce back above 10000 every time we touched bellow that ,creating a bullish...

Morning traders We are taking a look at Aussie dollar versus US dollar on our trading view channel today. We have taken the daily chart to show the support level the market has found dating back to January flash crash as well as the descending channel we have been trading in for many months now. We are looking for a bounce from this support area at 0.675 area up...

audusd is in this descending channel for some time now. Price made a sub channel within the main channel and broke out. waiting on price to retest the sub channel so I can possibly looks for short entries.

Morning traders, Waking up to Thursday morning ECB day with a great short setup in British Pound versus Australian dollar. What we have is a descending channel being touched at the same time as the pair meets a resistance level to the upside around the psychological price point of 1.79. Compounding the trade is that as this is occuring the pair is reaching...

Morning traders Looking to go short US dollar versus Swiss Franc as the pair tap the descending trendline that has held since April and is highlighted in our trading view chart . The re tap again yesterday coincides with reaching overbought levels on stochastics. Given the market has been challenging recently we have have waited for confirmation of a cross over...

Symbol: Bitcoin , BTCUSD , XBTUSD Context: Descending Channel Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern Charting Timeframe: 15m - 11H Short Signals: Green->Red on 15m-30m + Yellow on 1H - 2H + Green Context Yellow -> Red on 15m--1H + Red or Yellow Context Green -> Red on 15m - 1H + Red or Yellow Context Zone near upper border of the...

Looking at EUR/USD on the D1 Timeframe, from a technical analysis stand point the market is currently ranging within a descending channel, making new lower highs and new lower lows. I see the market moving as a bullish retracement making new lower high being made on the 23.6 fibonacci level. This is confirmed from the strong bullish pin bar signal after touching...

Very simple market structure here. The daily time frame shows the market in a bearish trend. With an impluse, a correction to the upside then continuation to the downside. There has been 3 days of multiple rejections in the descending channel and has now created a bearish shooting star, suggesting a strong move towards the downside. Watch the comments as I will...

As is shown by the trending channel, it is likely that the EURUSD pairing will drop further to meet the downtrend support, and then rise to the upper trend resistance.

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As you can see we have upward trend with a series of higher highs and high lower being squeezed and forming a wedge. Then price makes a lower low at 0.94990. This is a change in market structure, so we can assume price is now in a downward trend. Price has then pulled back to a resistance area around 0.9025 to create a lower high giving more confirmation to a...

Looking for a retest of the resistance of the descending MN channel.

Overall I think we're still in for some selling pressure down to the 80.50 - 81.00 region. We're seeing some really clean price action after a break of the 83.00 handle, with price making lower highs and lower lows. The EMA Waves throughout the higher and lower timeframes are aligned. If this does play out it'd form a 3 drives pattern, which I have seen...

Price is in a descending channel with price consolidating for a brief moment. on the lower timeframe, price seems to have created basic support and resistance zones/levels which any trader can capitalise on. Waiting for breakout to confirm bearish bias.

Descending Channel Target: Fibonacci Projection

- No major new highs since strong downtrend - Retesting .72400 region - False breakout may reverse price back into previous resistance - May continue reversal from weekly downtrend at .73900 - Target 1: 0.71900 - Target 2: 0.71600 - Target 3: 0.70900 - Stoploss: 0.72350

In this market, I have seen the market do into this downward channel and with that came lower lows and lower highs. I've added the entry point, stop loss and take profit. The lower lows and lower highs can be seen more clear in the 1hr timeframe and smaller.