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Channelbreak

BTCUSDT : RSI Bullish Divergence in 4HBINANCE:BTCUSDT BTCUSD: Descending Channel View: RSI Bullish divergence in 4H time frame indicates possible resistance breakout. So, BTCUSD will enter in the zone. Long for short term. If channel breaks then reversal confirm for at least 10 % upside Pattern : Descending Channel. What is Channel Trading? When trading a channel, you use parallel lines connecting the swing highs and swing lows of a market’s support and resistance. The most common method to mark a channel is by using trendlines. The swing highs that are marked by the trendline are known as the channel’s resistance levels. The swing lows that are connected to create the channel become the support level. We can use a channel to find support and resistance as the price continues to move higher or lower. How to Trade Descending Channel ? Sell at Resistance, BUy at Support with Price Action Confirmantion. We can use Channel to find potential breakout trade with stop loss. RSI indicator can be used to find possible bullish divergence for reversal Trade.
Long
by FalgunPrajapatiTrading
AVADH SUGAR ENERGY (NO INDICATORS - ONLY PRICE ACTION)1) Firstly pretty good channel breakout 2) And successfully Retested the trendline with low sell off candles 3) You can aim for 530 levels for the target (i.e 1:2) and keep your stop loss below the breakout candle. 4) I gave the target levels in this trade. Actually, I don't set the target, I do take exit depending on price-action (and it varies from the person to person's conviction) 5) still if you want to set a target then go with 1:2 or 1:3 risk reward 6) Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market) NOTE: I only use a simple Strategy that always gives superior returns, Don't get carried away with all the complex strategies that are in the market. Complex doesn't necessarily mean good. IF U LIKE MY ANALYSIS GIVE IT A LIKE AND COMMENT IF U HAVE ANY DOUBTS .......
NSE:AVADHSUGARLong
by ONLY_PRICE_ACTION
Nifty analysis for this expiryWe are witnessing a bullish momentum in nifty, OI data has turn bullish. Technically price has given breakout in downward channel. 17200 holds important support and upside 17600 holds crucial resistance. If nifty holds above 17600, we can expect the completion of this correction. But considering current scenario, I expect nifty to trade below this level for one or two weeks. The Virus is proliferating at faster rate but it doesn’t seems lethal. In coming week, we will get further clarity on it. Suggestions : 1.Bear call spread at 17600 strike 2.Strangle; 17150 PE : 17550 CE
NSE:NIFTY
by OK_Rane
2