Possible Bearish FX:GBPNZD following a Butterfly Formation.
After seeing 3 rising peaks previously, price moved down significantly. I assume a similar pattern will occur now also.
Simplified psychology of chart patterns: Traders learn chart patterns but are to impatient to wait for them to show up in the right places. The point of learning to spot patterns is to be in a position to enter a reversal before price takes off. The KEY to trading chart patterns is to only trade them when inside a channel. The attempt to enter into a position...
hey fans hope you are doing best this pair is creating a very good formation to sell so check it with your skills and take the trade with a stop loss thanks
Follow up USDCHF technical analysis. Yesterday Sep. 3, we have posted analysis on US - Swiss currency pier, the pattern wedge were broker on Asian session today. This fact is a good signal for short term trend formation - correction of USD bullish period. We have also predicted USD trend correction to major currencies and yesterday US Manufacturing PMI pushed ...
BTC short call - ABC complete for wave 4 wedge
Monthly closed at-last, and to me it looks bearish.. but I already showed why on monthly I see same bearish (Correction) patterns like from previous parabolic run: Today I wanted to zoom in to weekly and show you why I see same bearish (Correction) patterns: 1. Just like in any market, when fear holding their assets they are panicking, and this is why usually...
BTC and ETH USD short calls active. macd about to cross patterns look complete Lower lows inbound
Hey everyone. In this chart we can see clear pattern , called 'Flag'. My plan on this trade you can see on the chart. If you have something to add , please leave it below.
Overall, the projection for the pair was downwards due to the HTF. On the 1HR we noticed, after we broke out of a larger bearish flag, we impulsed and then formed a 1HR bearish flag, got in on the RRE as the flag hadn't formed the third touch for a RE and the pattern was too tight to warrant a RE as per my trading plan - Instead we rejected the double top within...
Looking at the overall structure, I belive that, technically, Gold could be looking down on the short term scale. I will be waiting for a confirmation of this bearish flag pattern. I will wait for price to go up for a third touch and on this touch I will want to see some sort of corrective move for the sell.
These two are called reversal patterns on GBPSEK. It is about the shape of the pattern. This is experience-based knowledge. This does not mean the most recent pattern is bound to reverse. This is not a prediction. It is a probability estimate. GBPSEK is a very volatile instrument which is much avoided. How strange cuz volatility is needed to make profits (and...
In this ALGO/BTC chart we can see a descending wedge forming and almost completeing. With this hour close if we close outside the wedge we could ALGO take a nice quick pop. In a few of the last patterns we can see on the same low time frame this isnt the first time algo has done this. It runs down and pumps up quite a bit. I think well take a bet it does the same...
2015... Break trend line, 8-EMA crosses up through the 55-EMA, price breaks 55-EMA and makes it support, price hits 61.8% level and drops to key support and then launches Current... Break trend line, 8-EMA crosses up through the 55-EMA, price breaks 55-EMA and makes it support, price hits 61.8% level and drops to key support and then launches Maybe? Thoughts?