Hi guys, good morning to you.
GBPNZD seems to be breaking out of a descending triangle, with the BULLS in control. This could play out very nicely for the upside towards 2.24.
Price can't seem to break to base of the triangle, only once, but it quickly reversed. I would go long after some consolidation.
But becareful!!! RBNZ meeting and interest rate decision...
The descending triangle pattern on H4 chart of CHF/JPY provides an opportunity for a bearish breakout. The pattern's borders are marked with the yellow lines. My potential entry level - the cyan line. My potential exit level - the green line. Stop-loss is to be set to the low of the breakout bar (not shown).
More information, chart template, and free EA to...
HDFCBANK is forming a perfect descending triangle pattern over last 3-4 months and desperately need a breakout from the pattern.
Descending triangles can breakout any side so lets wait till the breakout happens and it became more valid with 3 touches on flatline.
Keep HDFCBANK in your list to look out for shorterm and if it gives ample opportunity to enter after...
The river has already run red and it will again. It touched the triangle bottom for resistance and is about to head back down to 30 if God is on my side.
Entering as soon as I can Friday 1/8/17 in a short vertical. Happy trading!
Hello Traders,
I’ve been watching FX:XAUUSD for about a week and been trying to find a setup for entering into the strong bearish trend, at least for the short term. Zooming out the price action chart, I was able to recognize a really well developed chart pattern which is called the descending triangle. These types of triangle are usually taken as bearish...
Descending triangle spotted in SCTY weekly. Will coal affect it's price?
I'm seeing two patterns. One is a descending triangle continuation or an inverse head and shoulder.
Whatever it is, do take the time to observe how it unfolds. Personally, I think it will bounce to $46 and then range. I personally do not think it will shoot up or shit all the way down.
I'm neutral
The EURCAD is in a downtrend. Price for the last days consolidated to form a Descending Triangle that is an indicator for a further push to the downside.
As we see the price has broken the structure and lost the steam. Currently what I am waiting is the retest of the structure @0.6500 and then fall down. You can see my idea on this pair by clicking below and who still want to hope on this trade the best level to sell will be the Red Zone and the targets are 0.6450 and weekly S3 which is also a descending triangle...
Clean and insightful USD/JPY publish with overview on trading a Descending Wedge - just my opinion anyway :)
The base range is the distance from the highest point of the range to our marked low point.
We then take this same distance to determine the potential size of the breakout
Note how close USD/JPY came to reaching this potential level
in my experience...
The price of EURUSD finally broke the upper line of the Descending Triangle. I am expecting a drop, confirming the ascending channel, but the general direction on medium term is still up.
SELL SAIGNAL FOR LONG TERM .
POTENTIAL RETURN TO 1/15
TARGET PATTERN DOUBLE TOP
TARGET RECTANGLE OR SUPPORT ZONE
CLASH TO LINE OF UP TREND IN LONG TIME
Please note TO NEXT analysis.
MORE DETAILS TO CHART
THANKS
Perfect setup for a short. Stops above the previous swing high.
Upper Trend-line of the Descending Triangle Pattern has held on both the chart and MACD.
This offers us a low risk opportunity to jump into a short position on the euro.
Happy Trading!
It's safe to say it's been an exciting day in the Markets, and to be honest we don't expect that to change much over the next week. As Greece came out of the weekend with absolutely no progress whatsoever, Risk Aversion took a hold within the markets as investors started pumping their money in to "Safe Haven" arenas. One such Safe Haven is the Yen, and it seems...
Friday closed with an apparent Tweezer Bottom set-up retesting the descending triangle (See - ).
A look at the 4hr chart confirms the price pattern breakout and subsequent retest. A successful test of the 50ema would confirm the Bullish momentum and might provide intraday traders an entry point.
Sticking with Swing Trading strategies, a stop loss at 123.15 and...
Look at this interesting situation. On a daily chart it is pretty obvious that the price broke the upper line of a descending triangle, but now bears are pushing the price lower. On a 60 minutes chart we can see that the price has moved sideways for a while, but now there are signals that it can continue to move lower. A break below the local support could signal...
Dear workmates !
Last week, we saw a nice correction of the strong dollar uptrend. This correction may be over for now. USD will probably trend up this week particularly against Yen.
DXY 1D Timeframe View :
We have a strong MACD divergence on 1D timeframe of DXY giving a nice long signal on US Dollar. A falling wedge is forming indicating a nice long term...
![SCTY: SCTY Descending Triangle [2 Month Short]](https://s3.tradingview.com/k/KeY4fVAc_mid.png "SCTY Descending Triangle [2 Month Short]")
