srf intraday longopen should be withing the pdclose range, some consolidation and break will lead to the targer with good R:R
Rectangle
CHFJPY RECTANGLE CHANNEL📢 **Hello Traders!**
Today, we're turning our attention to the CHFJPY currency pair, which is flashing some interesting signals for potential trading opportunities.
On its hourly chart, CHFJPY has carved out a rectangle channel pattern. The price has been oscillating between the upper trend line, set at 166.594, and the lower trend line, marked at 164.420. This bouncing back and forth within these boundaries is what gives the rectangle channel its name.
For those unfamiliar, rectangle channels are formed when the price moves within horizontal boundaries, creating a "rectangle" on the chart. These patterns are particularly interesting because they can signal potential breakouts, either above (bullish) or below (bearish) the channel. However, the validity of a rectangle channel is only confirmed when the price breaks out of these boundaries.
Sometimes, other patterns can emerge within the channel, giving us clues about the potential direction of the breakout. In this case, we're focusing on a bullish scenario, but it's essential to stay flexible and adapt to any changes in the market.
📈 **Bullish Strategy**:
- **Entry**: Go long above the upper trend line breakout at 166.594.
- **Stop Loss**: Set at the mid-point of the channel, 166.594.
- 🎯 **Targets**:
- 50% Target: 167.668
- 100% Target: 168.746
Always remember, while patterns and technical analysis provide valuable insights, the market can be unpredictable. Ensure you have a risk management strategy in place and are comfortable with the potential outcomes before entering any trade.
Happy trading, and let's aim for those profits! 🚀📈
USDJPY: Consolidation & The Next Bullish Move 🇺🇸🇯🇵
USDJPY is currently consolidating within a horizontal range.
Taking into consideration the fact, that the pair is trading in a long-term bullish trend,
probabilities are high that the market will resume the growth soon.
Your confirmation will be a bullish breakout - a daily candle close above 146.6 - the upper boundary of the range.
A bullish continuation will be expected to 148.0 level then.
Alternatively, remember that the price may also drop from the underlined blue resistance and keep consolidating.
❤️Please, support my work with like, thank you!❤️
TSLA RECTANGLE CHANNEL
Hello, Traders! 📈
Today, we're diving deep into TSLA's chart, and I'm excited to present a compelling trading opportunity based on a well-defined Rectangle Channel pattern.
📘 About Rectangle Channels:
Rectangle Channels are technical patterns formed by two parallel trendlines—support and resistance—that the price moves between. They represent periods of consolidation and can be traded in both uptrends and downtrends. A breakout or breakdown from the channel can signal the start of a new trend. The height of the rectangle often acts as a guide for the potential breakout/breakdown move.
📌 Trading Strategies:
Long Position:
- Entry: Consider going long on a breakout above the upper trend line at $240.79.
- Stop Loss: Positioned at the channel's midpoint: $234.49.
- Profit Targets:
- 50% Target: $247.16
- 100% Target:$253.46
Short Position:
- Entry:Consider shorting on a breakout below the lower trend line at $228.05.
- **Stop Loss:** Positioned at the channel's midpoint: $234.49.
- **Profit Targets:**
- **50% & 100% Target:** $221.83
Wishing you profitable trades! 💰
POLYCAB - re-test and heldPOLYCAB went sideways for a month after making ATH. Broke out of rectangle with Volume and now did a re-test of the level - held so far.
Safe traders can take a position with a SL of < 4920 on daily close basis
Risk takers can go with SL of 4850 on daily close basis
Potential targets
Target 1 - 5100
Target 2 - 5200
Target 3 - 5350
Sol sideways #Sol will stay sideways in this red rectangle for next days. It will consolidate here. Volatility will be low. Profit percentage will be low. But don't worry we are already providing other coins signals in VIP with Good Profit Percentage. Last sol dump analysis goes very well.
Btc is in a huge accumulation Less than a year left until the halving and BTC is in a neutral state, the price could another pullback to reach its monthly base of around $17,500, according to ETF future BTC gap which is around 20k ,it can strengthen this theory.
•Patience is the key•
For the best time to enter the market
GBPUSD: Important Breakout & Bearish Outlook For Next Week
GBPUSD was consolidating within a horizontal range since the beginning of August.
After the Powell's speech yesterday, the market dropped and violated a support of the range.
It makes me think that the pair will go lower.
Next goal will be 1.2516
❤️Please, support my work with like, thank you!❤️
GOLD (XAUUSD): Update Ahead of Important Fundamentals! 🥇
Multiple time frame analysis for Gold.
Price action.
Important key levels.
Directional bias and thoughts.
❤️Please, support this video with like and comment!❤️
📈Gold 2H ,Jackson Hole Symposium📉FOREXCOM:XAUUSD
OANDA:XAUUSD
Gold analytical series, before Jackson Hole Symposium.
Hello Traders, please check out my previous ideas.
If the price breaks above the range zone or stabilizes above the 1923, the bullish scenario will be activated.
Targets are shown on the chart (1930 is my risk-free target).
If the price breaks below this range or breaks $1923 and then returns to the range, the bearish scenario will be activated.
Additional downside scenario targets are available in previous gold analysis.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
US stocks: a classic Wyckoff formationWyckoff terminology makes it possible to understand this fascinating trading area. Although phase D has not yet arrived and the range is still building, the outlook is gloomy. It's a narrow probability with major results rather than a significant fundamental edge.
I tried to update the view monthly and briefly mentioned the cause and effect in the chart.
GBPUSD - Bullish 15TFHi Traders, on the above chart, I am looking for a buy opportunity on 15 minutes TF. I anticipate the trend is in bullish continuation pattern and my buy stop entry would be on the breakout of bullish rectangle which I have highlighted on the chart.
Follow my trade plan if you guys are agree and interested in my idea.
My risk and reward ratio would be 1:1, plan your R&R as per your position.
trade safe!
HOOKUSDTHOOKUSDT has formed multiple bullish pattern. Initially it has formed inverted head and shoulder and also has given the breakout of neckline.
and now it is trading in bullish rectangle and seems like it is on the verge of breakout.
if the breakout holds , it will be nice setup to go long.
EURJPY: Important Breakout 🇪🇺🇯🇵
Update for EURJPY.
The price broke and closed below a support of a horizontal range on a daily.
The broken structure turned into a resistance.
I will anticipate a bearish movement to 156.1 level from that.
❤️Please, support my work with like, thank you!❤️
Projection I was waiting for it to come to give a double double at 0.637100 but it didn't get there ... after seeing 3 day candle moving to the up side.... plus break of structure
GOLD (XAUUSD): Multiple Time Frame Analysis & Trading Plan 🥇
Daily/4h time frames analysis on Gold.
Price action.
Key levels.
Potentials scenarios.
Trading plan.
❤️Please, support my work with like, thank you!❤️
BULLISH RECTANGLE GBPAUDBULLISH RECTANGLE GBPAUD was found in 1 hours Chart. it's showing the bullish Trend. the Price may b move from here to upward Direction.
GOLD Directions and Chart PatternsGold decline after rejected by strong resistance area at 2063 and 2076. Creating a tripple top chart pattern. The current direction is to test the uptrend line and the bigger chart pattern is ascending triangle pattern. Meanwhile, the current chart pattern is head and shoulder pattern. Can you see the head and shoulder pattern? Hope so.
For the recent chart, the supports and resistances area are as follow :
Support : 1892, 1875, 1858, 1848 and 1841
Resistance : 1907, 1926, 1936, 1945
Disclaimer : This technical analysis is for education purpose only.
Footnote : ENMFL (English Not My First Language) :-)
GBPUSD: Detailed Technical Analysis & Outlook 🇬🇧🇺🇸
Price action analysis for GBPUSD.
Important key levels.
Potential scenarios
Trading plan.
❤️Please, support this video with like and comment!❤️
GBPUSD Bearish Trend ContinuationCan't see any divergence on RSI which nullifies any trend reversal plus can see a bearish rectangle which indicated the bearish trend will continue once it breaks the support. We can place sell stop order under the support to ride the bearish trend that will continue.
AUDCHFAUDCHF on intraday perspective going some bullish outlook.
As the price is in symmetrical triangle and it is printing HHs in triangle.
It is looking like the price is ready to break through triangle.
if breakout happens and to be hold, the optimum target could be 0.5660.
📈XAUUSD analysis near FOMC meeting📉FOREXCOM:XAUUSD
OANDA:XAUUSD
Gold analytical series, Episode 28
Hello Traders, please check out my previous ideas.
As long as the price is below the 4H middle Bollinger line, any price move to cross this line is a sell position for me.
If the price breaks above the midline and stabilizes above the black trendline, the scenario will change.
targets are shown on the chart.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
