Hi fellows, Many people was requesting entry and stop placement on trend continuation patterns so i decided to post this stuff so that they can understand how we place trade based on trend continuation patterns Using following trading strategies
These trading strategies have a one condition and that is there must ...
This looks pretty textbook. Price has been bound in a rising wedge for almost 3 months. Bearish div on the RSI. Volume going down. Looking for the price to break the support trendline and possibly come back to test resistance before continuing down. This is one possible way it could play out but it is virtually ...
Kiwi has a very neat chart structure with accurate touchpoints within the trend channel.
The structure was broken last month and we have a very healthy pullback after that.
It touched the broken trendline and now heading south.
The structure shaped a bear flag pattern with a target at 0.6710.
Hello trades ,
We are in abc correction waiting to complete the second corrective wave , we should sell any breakout of the flag , or sell somewhere in the red box if we have a good sell setup. Also a Bearish Gartley will be formed .
Can we expect more decline from this point? I believe so and here is why:
Since it reached all time high, USDTRY was unable to continue that trend and started making lower lows if you look at the 1h graph.
First real decrease happened in the previous few days and 61.8% retrace was completed with the pair unable to ...