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Channelbreak

AUDUSD: Bearish breakout (Sell opportunity)The AUDUSD currency pair has exhibited a recent uptrend within the M30 bullish channel, presenting favorable opportunities for range trading. However, a bearish breakout occurred below the lower boundary of the aforementioned bullish channel at 0.66620. This event was followed by the pair’s breach of a key support zone at the psychological level of 0.6650, establishing a bearish market structure that underpins bearish sentiment. Moreover, a bearish harmonic pattern has also materialized on the M15 timeframe, which adds weight to the bearish outlook. It is plausible that the pair may test the previously violated support zone at the psychological level of 0.66600 before initiating a decline. In view of this, my short and medium-term targets are set at 0.65943, with 0.66000 serving as an alternative target.
Short
by Samuel124
Second Attempt at Weekly Channel BreakoutYFI is attempting to break out of its weekly channel for the 2nd time, last time it failed but has since kept pushing on it. Let's see if we get an actual breakout this time. First need to see it get and hold above the 200 day EMA, then targets come into play. Otherwise lose the top of the channel and it may either push for a 3rd attempt, or it could swing back down towards channel bottom This should show 3 touches on both ends, below:
Long
by dudebruhwhoa
USDJPY M15 UPDATEUSDJPY seems to be losing some STEAM on this current uptrend, which is to be expected as we have gained some significant value and rather quickly since USDJPY hit its bottom around the 128 area. Multiple tests of the upper channel trend line, and a consolidation of the price action give clues to the next move. A retracement and retest of the BOTTOM CHANNEL TRENDLINE on our h4 chart is very highly likely. Look for another rejection of the upper channel and subsequent bearish momentum candle for short entry. ALTERNATIVELY, Swings can safely be resumed around the bottom of the channel, near the 133 zone. Some traders MAY mislabel this pattern as a HEAD AND SHOULDERS, although the structure is similar, labeling this pattern as such can cause confusion as the price action could easily retest and return to the top of the channel. NECKLINE of a "potential" Head and Shoulders pattern has been drawn to illustrate the break of the neckline and the invalidation of said pattern. Remember traders, keep it simple, trade what you see, dont over analyze
by NakedTrading4U
2
NASDAQ 100 Futures for the week 2/21 to 2/14 The clear up trend and the symmetry of the prior swing pattern have been broken. The resistance turned support so well. It’s possible to see another 100% extension as bulls’ target price. However, considering what is shown in the previous point and the descending triangle that the market is forming now, I stay neutral at this moment. Conclusion: 1. Long only if the market up breaks the descending triangle. 2. Short only if the market drops below the prior low. 3. What to do when the price is going between center line and prior low? - The price would be under the center line, meaning the market is more bearish like. - But the prior low has not been broken so the down trend has not been confirmed. → The direction is not clear, and the market is likely to go sideways. Or only enter short position. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!
by stock_adelie
2
XAU/USD (GOLD) 1HR DETAILED ANALYSISOANDA:XAUUSD HI , TRADER'S .. AS YOU CAN SEE GOLD IS FOLLOWING OUR TRADING SETUP SINCE LAST 2 MONTHS Now Gold is in Channel down , Maximum Down trendline at 1801-1802 Right now market touching upper trendline , where 50ema of 1hr Acting as a resistance breaking upper trendline can make gold bullish , And Gold again can reach 1845 resistance area If market reverse from upper trendline 50 ema area than down to 1801 area will be confirm Take your entries on either side and trade with proper Risk management ❤️ Please, support my work with follow ,share and like, thank you! ❤️
OANDA:XAUUSD
by INVESTRONE
1