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Trendchannelresistance

AUD/CAD Time to Short BabyGood day, snipers. In the AUD/CAD, we can see that price came to retest the strong resistance zone which was present in the higher time frames (weekly and monthly). Price is also on top of the trend channel and I expect a downward push. Also, price recently made a long wick on that resistance zone and is now at overbought levels on the RSI. Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. Signal sent to students. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
Short
by SniperFXFree
XAUUSD - What's next for GOLD ?- The Head & Shoulder pattern was invalidated due to selloff on US markets and pushed GOLD prices higher - In my previous analysis, I did mentioned that GOLD is still bullish on long term although it had invalidated the H&S pattern - Lets see whether GOLD can break the 1520 area or follow the trend channel and retrace to around 1440 Scenario A: Bullish Flag pattern if manage to breakout from the trend channel Scenario B: Follow the trend channel if it retrace when it reach 1520 zone Have some patience and wait for it to tell you the direction
OANDA:XAUUSD
by JayJJ
CAD/CHF: Swingtrade-Opportunity!#SellHey tradomaniacs, welcome to another free signal! Important: Wait for the retracement back to entry and sell! ----------------------------- Type: Swingtrade Sell-Limit: 0,74555 Stop-Loss: 0,74811 Target 1: 0,73585 Target 2: 0,72816 Point of risk-reduction: 0,74124 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
USDJPY Short - Break-Below of Rising TrendlineSince USDJPY recovered from a sharp fall, it was on the rise within a rising channel as seen in D1 chart. The price has made 2 waves of bullish trend in order to form a rising channel and the price is seen making retracement from the top of the channel. In the H1 chart, the rising trendline which has supported the price to the top of the rising channel was broken below. The price has then retraced once after the break-below and awaiting the 2nd wave of retracement that's expected to be completed within the supply zone. Consider selling USDJPY as the price reaches between 110.7 - 111.00.
by AlgoVenture
ETH/USD: Swing-Setup! Possible Gartley-Pattern and nice chance!Hey tradomaniacs, welcome to another free signal! Important: Wait for a break through the Sell-Zone! The current market is a mess and infested by ALGO`s. This low marketcap ala luquidity causes random momentums and we could go everywhere! KEEP YOUR RISK LOW! ----------------------------- Type: Swingtrade Sell-Limit: 142,01 Stop-Loss: 161,60 Target 1: 128,0 Target 2: 114,14 Targt 3: 100,- ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
BITFINEX:ETHUSDShort
by Trading2ez
2
SPX500: Years-End-Analysis! RETEST of 2.600 is pretty likely!Hey Tradomaniacs, welcome to another weekly overview of SPX500! Let`s take a look at the year and what we see is a huge but delayed Sell-Off compared to the european market! SPX500 started this year @ 2.666 and was struggeling since then! adter the first sell-off in January 2018 loosing more than 12% we`ve seen the first signs of fear and panic. The uncertainty continued until April before the market decided to give it anotther try and we`ve "bought" an uptrend to the SPX500 ATH @ 2.940! What a run - But the double-top-pattern came 8 days later and caused a new massive sell-off! The breakout and retest of the Trendchannel confirmed the panic and cause more bearish power. We gave it another attempt.. and bounced off again. The S&R-Flip was cut in stone. The last attempt was just a desperate act of team Bulls..but they had to surrender. GG WP? The next break below this "Tripple-Bot / Tripple-Top ala range was a volatile walk on a knife edge, and the high volume continuation of the sell-off confirmed that. We`ve retested two converging trendlines and the Range of Feb. 2017 - June 2017 which is almost at the 1.618 Extension of the first Sell-Off! A retracement as a retest of the recent support @ 2.600 is pretty likely and should give the bulls another chance to turn this game into their favour. Technical Aspects: -------------------------------------------------------------------------------------------------------------- Overall you can see the market is still very freaking volatile and attractive to daytrade. After the recent massive sell-off below the low of the YEAR at 2.530, team BEARS didn`t stop until we`ve reached the low of two converging trendlines @ 2.2321. We´ve retraced 38,2% but it should be pretty likely to retest at least the years low or the 61,8% retracement, which is excactly at the previous support (2.600). The Wave-Count is not complete anymore.. I don`t know why, but it just dissappeare and I`m a lazy person! ;-D You can see that we are still in a correction. The question is: Will this still be a correction? Or do we head into a downtrend? We are currently in WAVE 4 of WAVE (Y) (which is actually WAVE C).. but I think it`s easier to understand that way. It`s pretty likely to see a retest of 2.600! -------------------------------------------------------------------------------------------------------------- All fundamentals are pretty bearish! Looking at the FED`s policy and its plans to increase the interest rate we will ahve to expect way less liquidity, consume and investments in the market. THIS IS NOT GOOD FOR THE WALLSTREET ;-D We will see what happens! I WISH YOU A HAPPY NEW YEARS EVE! Enjoy the time with family and friends! :-) --------------------------------------------------------------------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
OANDA:SPX500USD
by Trading2ez
Elliot Wave, FIB, accumulation zones, bounces?Hi guys, As i see it we've made the first ABC-correction so far. If we bounce off the downtrend channel at around previous support 10.3 we'll complete the "B" of the second ABC-correction and the next bottom might be the "Y" of the WXY pattern AND the "C" in the second ABC pattern. There's a small chance that we will bounce back down off the 10k previous support, and if so I'm not playing it in any way yet. I personally expect another bounce off the top downtrend channel and then we might start looking for gthe bounce for the 3rd wave in the bigger picture Elliot Wave structure. The bounce could happen at either the 0.382 or 0.5 FIB imo. That's why I'm personally rebuying 5% of my 10% at the 0.382. Does it bounce I will buy the remaining 5% right after. If not I will rebuy the last 5% at the 0.5 FIB level and hold on. Please also notice the RSI's oversold state which indicates we coild go back op to the top of the trend channel before heading back down.
BITFINEX:BTCUSD
by jonasthomasen
1
ETH/BTC On BinanceDid a TA on $ETH/BTC instead of against USD because I wanna look at its potential gains as compared to BTC. Interestingly enough, its approaching 0.1 sats and there seem to be some kind of resistance over there because maybe most people are setting sell at 0.1 sats exactly. However, if we look at this trend channel, it looks like its pretty bullish but there might be some retracement to the trend support before breaking 0.1 sats. Overall, I'm very bullish on $ETH, way more than $BTC simply because of the fundamental technology behind it and also $BTC has been decreasing in its % market cap over the past year as compared to the market as a whole.
by Falgunipaul
USDTRY Double top and trendchannel retest.The pair has traded sideways in a range between 3.9 and 3.4 since January 2017. Price printed a channel blow-off top in January 2017 with intervention from the government amongs other things. Price have now traded above the january highs and rejected 8 daily sessions in a row. The TCMB (The Central Bank of the Republic of Turkey) defended their currency at these levels once before, odds are that they will do it again. Technicals:Double top - trendchannel retest - 8 daily sessions in a row unable to break above 3.9 and stay above. Looking for a move down to lower trendline support. This trade also provides positive carry, so each day, this position will generate swaps.
Short
by Norsefx
American Airlines Losing Some AltitudeAmerican Airlines has been in a bullish trend since last year. During this course of this trend, the stock has moved down after hitting resistance. The stock is currently at this point of resistance and should follow suit by moving down. I will outline why the near-term movement is likely to the downside below. When we take a look at other technical indicators, the relative strength index (RSI) is at 65.8724. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI is not necessarily at an overbought point, but it has been trending lower since December. During this downtrend, the RSI has failed to break through this resistance. The RSI is currently at this point of resistance. If the RSI fails to move above it, the stock could begin its downward movement in the near-term. This is the first indicator of potential near-term downward movement. The true strength index (TSI) is currently 12.0840. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The TSI has been trending up, but its upward movement is starting to stall. This stall is the second indicator of potential near-term downward movement. The positive vortex indicator (VI) is at 1.1147 and the negative is at 0.7578. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The positive indicator has stayed above the negative indicator for almost two months. This won't last forever, but as long as the positive stays above the negative this could slow any drop in the stock. The stochastic oscillator K value is 85.2360 and D value is 64.3122. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The K value is currently overbought, but the overall oscillator is not yet overbought. The stock's current bull trend has naturally cycled up and down to get from bottom to top. During this current trend channel, the current stochastic level has served as a top and the stock dropped. On March 30, the stock fell over 4% over the next 3 trading days. On May 11, the stock fell 6% over the next 5 trading days. This is the third indicator of potential near-term downward movement. Considering the RSI, TSI, VI and stochastic levels, the overall direction favors a move to the downside. Based on historical movement compared to current levels and the current position, the stock could drop at least 3.5% over the next 20 trading days if not sooner.
NASDAQ:AALShort
by StockSignaler