Trendlineanalysis
A Divergence Signal!The candlestick indicates a divergence signal due to the price being below the MA200 line. Using the support channel line as a reference, the price has the possibility to break the R1 price line, hence, toward the R2 price line in future trade.
The support channel is a reference to holding stocks within the parallel trend lines and buying stocks at the lower support lines. If the price exceeds the support line, therefore BJFOOD's price is in the declining phase.
MACD and RSI indicators also indicate a divergence signal, hence, confirming the price uptrend toward the next resistance price.
Let's save BJFOOD in WL and watch out price rally toward the price resistance R1 and R2.
R1 1.08, R2 1.15
S 0.855
Huge Risk to Reward Trade opportunity on GBP/USDGBP/USD approaching a strong resistance area and descending trendline resistance.
I am also expecting a Risk off mood next week which will boost the Dollor.
Big opportunity for a strong short opportunity.
1:5 Risk to reward
Trade with caution and always remember to manage your risk.
Patience Pays!
AAPL in a fractal?NASDAQ:AAPL could be in a fractal pattern here. The previous two moves down saw a deep retrace to 0.886 before reversing lower. Both moves broke through the established trend lines as fake outs before reversing back to the downside. This current move up looks very similar in structure to those prior two. However, that still leaves about HKEX:7 -8 of upside before that target is reached. Just speculation at this point, will have to wait and see what happens at ER.
Bitcoin possible price points 2nd & 3rd quarter 2023According to the charts Bitcoin has been moving to the upside pretty aggressively lately. These price points are only speculative and based on probabilities only. Bitcoin could reject these support/resistance trendlines. I have trendlines (solid lines) and strong support and resistance in corresponding color as dotted lines. If they match up and hit the target we could see them within the 2nd and 3rd quarter of 2023. What I have learned in plotting trendlines is they are a strong signal for possible outcomes depending on the trend of the chart. Many analysts are bullish and rightly so but there are still a few who are more cautious and predicting a lower correction if Bitcoin does not hit above the $30k level and remain there for a certain time period.
SOYBEAN FUTURES Weekly Technical AnalysisZS1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Parallel Channels, Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
Time to PLAY SHORT on USDJPY Dear Tradingview family,
Symbol: #USD JPY
Strategy: #Harmonic_Chart_Patterns, #Anti_Gartley_Pattern, #Rising_Wedge, #Trend_Reversal #Trendline #Support_Resistance #RSI_Bearish_Divergence.
Trade Call Type: #Short.
Order Type: Sell Stop
Indicators: #Price_Action. #Chart_patterns, #Anti_Gartley_Pattern, #Rising_Wedge #Trendline #Support_Resistance #RSI_Bearish_Divergence. #RSI #RichTL
Entry: Short when price breaks Lower High after break down of Rising Wedge Pattern.
Anchor Time: 4 Hours
Trading Time Frame: 1 Hours.
Entry price: 132.544
Take Profit: 131.252
Stop Loss: 133.860
RRR- 1:1
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Analysis:
The current price action on the USDJPY chart is showing a clear Breakout of #Anti_Gartley_Pattern, #Rising_Wedge on 4 & 1 hourly timeframes. Additionally, the Bearish RSI divergence on 4 Hour & 1 hour time frame add value to the strength of reversal pattern.
Price action’s this move provides me opportunity to earn some profits on when it is providing a great value of RRR of 1:1.
My Sell Stop entry is planned to execute when price action comes down to break patterns.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a SHORT trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
DOTUSDTAssalamualaikum everyone i hope all is well today
there are some important point for taking trade on the basis of technical analysis
* Dotusdt coin in a support area.
** Also candle stick touch triangle line and follow the triangle pattern
*** create a some candle pattern
**** and according to RSI their is Diversion
**********Gud Luck*************