Ending the corrective triangle, lets buy and see if we get this impulse. Risk Reward worth
Besides all averages down on the 1 hour timeframe, a descending triangle is spotted as well. Watching for that level of support at 212.50 for a hold or a break below down to 210 or lower...
I have placed a limit sell trade at 1.5186 for FX:EURAUD 3 reasons: - Strong resistance down trend on the daily timeframe - Structure around that level - RSI on the daily chart moving almost to overbought Let's see
Consolidation after a 2 days uptrend. Descending Triangle is forming I think the price is most likely going to resume its uptrend. But to be safe I'll also place a sell stop if the trend reverse. Long Entry : - buy stop just above the last swing high at 102.755 Exits : - S/L below previous swing low at 102.624 - T/P at previous major swing high at...
USD/JPY is moving within a descending triangle and has tested the upper Trendline. Now I'll wait for a breakout to the upside and enter my long position after a breakout on a lower timeframe. Scenario 2 is a pullback to the Support level at 99.0 - 99.5. You can also sell the pullback to this level. Monday we will see whats happening. Trade safe, Daniel Likes and...
GBP/USD is moving within a descending Triangle. This Pair broke an ascending Trendline to the bottom and formed a little pullback. I expect another move to the upside (the Trendline) and then a breakout to the bottom. I'll enter a short Position after the breakout. Scenario 2 is a break to the upside, out of the descending Triangle which cancels the short setup...
Strong price action break out from descending triangle and then a confirmation back to previous resistance and now moving up to achieve targets of 1252 and 1263. Keep a stoploss at 1229
Actually I thought there wont be any trade setup in GBPUSD today, anyway now we got descending triangle pattern about to breakout. Happy Trading !
Possible to short down to the point of support? also looks like a descending triangle pattern might be happening and possible for a trend reversal? What do you guys think? let me know please! amateur trader here learning basic fundamentals!
Just a simple descending triangle pattern with high probability move. This is a general market commentary and does not constitute investment advice. DO YOUR OWN ANALYSIS FIRST!!! Follow your plan and rules. Good luck!!!
$AAPL is a undervalued stock that has been hated by wallstreet for quite some time. Hence its undervaluation. Based on Bulkowski the following price targets has been stated in the chart.Do plan your stops accordingly. Upside valuation may change due where the breakout is at point of writing. Do wait for a good breakout to confirm. I am not initiating a position...
Hi Guys, In GBPUSD the market is pretty much ranging for sometime and we have descending triangle formation which is about to breakout. While trading triangles the important thing to note is to avoid the false breakouts. Enter the breakout direction after checking your risk reward for the trade. Usually descending triangle breaksout downside but anything can...
FX:EURAUD Short on Weekly Chart StochRSI Over Baught Price Below down trend Possible Descending Triangle in Development .382 Retracement of the Down AB Swing I will got to Lower time frame to place sell trade later on!
Since Brexit the AUD/USD has been bearish. The currency pair is currently in a descending triangle pattern with approx 0.73 acting as support. Wait for breakout. Follow the principles of breakout.
We have news today which market has never expected : R3 won't be RBI governor for 2nd term. That's Bad News, Atleast for Indian Economy & our banks which are high on NPA's. If I start on explaining this scenario & complex situation of our economy combined with Global scenes , it will go on, so let me cut here & jump back to what we do always - Analysis. After...
AUDNZD Downward Channel Bulkowski Descending Triangle (2nd touch is only pinbars). Watch for formation changes after the weekend! 100 pip potential. Sell Signal: pullback and solidification after clear break of bottom trend line. Watch carefully, RSI 4H,D1 & WK suggest trend change. Watch carefully, volatility due to Brexit rumors (or insufficient volume). Brexit...
Here is a descending triangle pattern. I am expecting the market to breakout to the downside. I would enter this trade after 2 candles of closed below the lower level of support. Both trades are to be entered simultaneously with low volume.
So there are two trades here 1) Breakout trade in Triangle pattern (Short) 2) Bullish Cypher Pattern ( Long) 3) If entering breakout, then we can expect targets around Cypher completion Waiting for breakout of descending triangle if that happens our cypher formation gets completed Happy Trading !