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Trendlineanalysis

XAUUSD : WE BACK TO 1800following a flash crash early this week on Monday morning The price of gold has been on an upward trend for quite some time now. Gold is now headed back to 1800 after breaking through resistance at 1752. Any rejection at 1800 on a daily timeframe could provide an opportunity to short the position at least to 1770 - 1752. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. happy trading to all
OANDA:XAUUSDShort
by mytw0cents
OXTUSD - Still pumping. New target 56 cents!TLDR: Previous post showed our CUP AND HANDLE pattern with target @49 cents. However, OXT does not appear to be finished. Bull flag formation presently occurring. New target = .56 cents. Hello traders. If you've been following my posts on this ALT and have been trading along with me, then you've done well. I congratulate you on your success. Though I took profits at 50 cents and closed the last trade (), I have re-entered this trade at 41 cents. Reason? You can see from the chart, OXT still appears to have momentum. The bears have not been able to reverse this down to previous levels. Resultantly, a BULL FLAG has been forming. If I take the height of the last bull move, clone it, and then estimate an exit from the flag, I come up with a 56 cent target. Not bad! Let me know if you all are seeing similar trajectories and if you have entered this trade by commenting below. As always, I wish you the best!
COINBASE:OXTUSDLong
by stewdamus
EURUSD Potential Short + LongLooking at the image, it can be found that EURUSD is at a tested level of resistance (Trendline) and Fibonacci level of 50%. A potential short play currently but to take note of a potential inverted Head & Shoulder potentially forming which indicates a bullish play. All this will be in reference with the US Basket chart whereby it is currently at a tested support level. If it breaks the support level, a long play will be ideal as this will cause the EURUSD to break the trendline.
by warrenwonder
GBPUSD Simple Price Action Trade SetupHi Traders! It has been a while I posted here. I caught a bug around June so I had to take a break to get proper treatment and heal myself. Remember guys! Your health is your greatest wealth. The market is going nowhere, it will always be there as long as the human race continues to exist. Trading has to deal with mental and psychological wellbeing. When you're sick you won't be in the right state of mind to trade perfectly. So always take some time off trading to get treated whenever you're sick so you can bring a feeling of peace into your body. Your trading can move in a new direction that will guarantee you are inviting ease, flow and even “miracles” into your life. BACK TO GBPUSD ANALYSIS: 1. In the chart above, the price made a double top pattern and break out of the inner trendline. 2. Price also made a 4HR bearish flag/corrective pattern and price has broken one of it's Counter Trend Line (CTL) that's visible on H1. 3. Price has the potential to move lower towards the major trendline and beyond in the days ahead. I will be watching how this plays out. Support this analysis with your like and comment and also follow me to enjoy more trade ideas/setups using different trading strategies. Safe Trading, Veejahbee.
Short
by Veejahbee
$SNAP long term playWith schools closing nationwide in the US and other countries (although $SNAP) isn't as big international (86% USA usage), the average user per day should increase from 218mil last quarter as well as monthly active users clocked in at 360mil the previous quarter. Last quarter (4q 2019) revenue doubled in advertising so the company was already gaining traction in the demand market for advertisers; expect that number to increase or at least hold. The drop off at these prices show a good risk/reward ratio. Snap has lost 50% of its market value in the past 3 1/2 months, there is a lot of room for upside especially with a likely increase in users and revenue.
NYSE:SNAPLong
by levi.stern95
USDCAD in significant areaAs we can see on the chart, the upper trendline drawn has been holding the pair at bay for months. Now that price has found its way back one can only expect two things; 1. A breakout above, retest and continuation to the upside, OR 2. Rejection of the trendline and reversal to the downside. At this time, we have two indecisive daily candles already held at bay by the trendline signifying a possible reversal-our second scenario. We'll need to see price break below the lows of the indecisive candles for a proper signal for downside movement.
Short
by dtonysav
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