Hey guys! Found a descending triangle continuation pattern on the EURJPY! Always remember to wait for the close BELOW the Descending Triangle before trading! :) Good luck guys! Oh, and I would really appreciate if you guys could give me a follow! Do share your thoughts with me! It will be a great learning opportunity for me to improve in my analysis skills!
Hey gang! Whats up! Normally I would be wary of retracements on the Daily Chart, which leads to kind of a big move on the 1H chart! But hey, I found a descending triangle continuation pattern coming up! So hopefully this should net you a good short for those trying to get back into the current trend! :) Good luck people! May the pips be with you!
Looking to enter on some type of pullback nice breakout of a descending triangle
Very well-formed descending triangle, which is typically a bearish signal. 6 hit points, with the hit points converging towards the apex of the triangle. Depending on how you trade this, you could look to go long now and ride a potential furthering of the triangle, closing out at the resistance and then shorting a break to the downside. Alternatively, you could...
A very decent descending triangle has formed with valid no. of touches on both sides of triangle. Consider the height measurement for fixing targets and enter the Breakout side. While am posting this idea USOIL touches the slant line but need to wait for breakout confirmation. Happy Trading ! Hit Likes for Agree / Comment your views...
it started to form descending triangle after weekly resistance breakout, so I am expecting more bullish action.
Hello Traders, We recently just got the completion of a bearish Cypher pattern within the consolidation range, which is in the form of a descending triangle. We are getting a better price on the Cypher pattern with reduced risk, which is always good. So the Cypher pattern short trade setup is active now. Also notice that we just got a strong bullish breakout...
Hi there, I'm looking at a nice descending Triangle, the base being a resistance level testes 4 times since last week. The Support level have also been tested 4 times since last week and will therefore be my take/profit in case my buy stop is triggered. Just in case the trend doesn't do what I expected (big announcement coming in for CAD), I also set a Sell Stop...
EURJPY is coiling up for big move here soon. It has been in a Descending Triangle for the past week or so. It's now coiled up even tighter in a small Balance Area (Red Box). I'm expecting a downside move. Targets are can be the support levels below or the height of the triangle (Purple Line)
Waiting for a breakout out below the bearish triangle
Hello Traders, FX:EURUSD has been consolidating for the past 6 weeks, which resulted in Bullish Flag Pattern formation on the daily time frame . The upper portion of the flag pattern is a really strong resistance level since the market has been rejected from that level 9 times . Thus we need a really strong bullish breakout from this level in order for...
From what I usually see with triangle patterns I expect this to break to the downside, resulting in a trend continuation. SL and TP indicated on the graph. TP is just an initial target, I will most likely hold the position for longer and try to ride this trend if it continues. I like to trade wedges and triangles, check out my other wedge/triangle trades below...
The formation of descending triangle in USDJPY started from last week and still price is ranging within the triangle, we may have a breakout soon. Descending Triangle - Enter the Breakout Entry - Breakout direction Stops - Either the other side of Trendline or ATR based Targets - Height of Triangle Check your Risk:Reward before entering the Trades. Hit...
Virgin Airlines was a growth stock turned sour. Even with fuel hedging and increase in revenue the market still does not approve VA and hence cause it's decline since it's high at december. Technical: Based on the chart, there are 2 anomalies that one should take note when trading this. 1) Between $30(green line) and $26.42 (blue horizontal line), the price has...
HINDUNILVR is ranging from 2015 and formed good descending triangle and we can notice that there are 3 touches by price on both the trendlines of triangle. Measure of Triangle is about 200 pts , So when we fix targets we can expect around 200pts and this is Medium term trade idea, so this can take time to breakout and trade can progress over few months after we...
GBPUSD is forming descending triangle for past few hours and consolidating. Possibly this can consolidate till Non Farm Payroll comes out but anything happen. It can breakout either side bcos the triangle patterns can break any side. For Targets we measured widest distance of the pattern, stops choose as per your plan. Hit Likes for Agree... Comment Your Views..