AUD/USD: Ascending Channel & Key Support Zone Setup
Chronological coverage
First seen14 Sept, 17:49AUD/USD: Ascending Channel & Key Support Zone Setup
AUD/USD has pulled back directly into a high-confluence zone formed by the lower boundary of an Ascending Channel and a historical horizontal Support Zone around 0.7140. Price action is stabilizing at this demand floor, presenting a high-probability continuation setup to the upside. Key Technical Factors: Support Confluence: Alignment of the horizontal demand box and the lower channel boundary. Momentum: 4H RSI is near oversold territory (~35-40), signaling selling exhaustion and potential buyer rotation. Execution Plan: Utilizing a Buy Stop order placed above immediate micro-resistance to confirm bullish momentum before entry. Trade Parameters: Buy Stop Entry: 0.71495 Target 1 (TP1): 0.71858 Target 2 (TP2): 0.72022 (Upper Channel / Liquidity) Stop Loss (SL): 0.70974 (Below structural channel support)
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Follow-up18h ago$HNGE vs $CON Cup and Handle vs Ascending Channel
I think both are A setups, Watching the next few days to see what happens! Pan and handle ( NYSE:HNGE ) vs ascending channel ( NYSE:CON ) I entered two tiny test positions to execute at the open ($1000 each) - let's see who will win! Hinge has a great earnings story btw. If it breaks 100 I am loading up. I vote NYSE:HNGE obviously!
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Follow-up10h agoHOOD: Ascending Channel
Robinhood Markets, Inc. (HOOD) stock is trading around $111.73, down approximately 0.75% on the day amid a mix of significant network metric releases, corporate feuds over stock tokenization, and positive analyst updates. Robinhood reported strong numbers for August, reaching 28.6 million funded customers and $384 billion in total platform assets. Technical View: HOOD is set in upward motion. The stock continues to scale on a bullish momentum with higher highs and lows, in respect to the framework. Price is approaching the trend support line, as we look forward to a long retracement. Key Outline: A clear pullback within $110-$111, activates a buy position eyeing $130, as next potential high. Thanks for reading.
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Silver Cup and Handle
Just looking back... was a cool pattern to observe.
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