Hello all DuncanForex.com with another trade idea This one is dependant on Market conditions, It is currently consolidating - sitting on Support whilst lower highs are continually made. It is creating a triangle pattern and I am waiting for it to either break out and retest above the triangle or break out and retest below for a short opportunity. I have...
AUDUSD is making nice head and shoulders pattern at major support
Okay guys here's my weekly update for BTCUSD. This week has been a relatively boring one again, no substantial movements and we seem to be stuck in a sideways channel. Keeping the chart as simple as possible, I've removed the trend line as it's no longer confirmed and using my 45EMA and Support/Resistance lines. Here is the evidence we have to work with to...
During basic trading exercises, on patterns identification, I found a symmetrical triangle in RCNBTC Huboi, from May 27th 21:30 to June 1th 20:00. On the chart I drew the base from the peak to the base and the height of the triangle to the breakout point. Volatility and volume decreases with time.
VERY CLEAR UPSIDE BREAK INCOMING THROUGH THESE DESCENDING WEDGES/TRIANGLE PATTERNS CLEAR DO TO THE OPPOSITE DOWNWARD DOWN DROPS MARKED IN DARK BLUE. UPSIDE BREAK COMING WITHIN 24 HOURS!!!!!!!
I'm not here trying to destroy your sentiment. but take a look at this and let it sink
I see a falling wedge with the opportunity for profit from a short position with SL: 1.12717 and TP: 1.11000 Use risk management as if it breaks upper trend line one may want to start thinking about closing the position. Free telegram group: t.me
EURUSD - Price managed to move up to the supply zone and I'm currently in the trade. Possible vs Probability. Price is currently in a bear flag moving to the downside. Price might move back to the upside to complete the M formation before moving to the downside. If price breaks our trendline to the downside there will be plenty of opportunities to enter the...
my favorite pattern. reversal head&shoulders on gbpzar unemployment numbers for south Africa high again petrol also going up so we expect weak rand this coming weeks.
Gold is in the “handle” of the cup and handle pattern and wasn’t able to break the trend. We should see it retrace back to major support and then retest that trendline
The descending channel started back when the price hit the 4033 satoshis level in which I started to watch the price slowly loose its value. There was an attempt to break the pattern when it was above the 2795 satoshis monthly level but soon after loose the momentum and fall back to the 2130 satoshis monthly level. Now it can just think of it to hit the 700...
new HL to be created at the support area and to go towards the trendline for a new HH, wait for strong bullish confirmations at the support area.
Sorry guys left a line on the previous chart(s) that was misleading. New chart and added fib levels for targets if this pattern plays out.
Using wolfe waves we can determine this pair will fall at least to 1.1210.
If I learned one thing about BTC in 2018, it is that we should all stop guessing where it's going (up or down). I find most of the time, when we guess, it's almost impossible to push aside our emotions. What that means is that our guess reflects our wishes ... our dreams. "I've shorted from 3300, and now I believe it's going to 1000, and I'm going to get rich!"...
Potential Gartley 222 pattern. Pattern completion at a decent structure level. 140 pips profit target 68 pips risk Reward/Risk = 2
Overall Lower Highs and Lower Lows within a nice Descending Structure. Another Descending Channel is now formed within the Higher Time Descending Structure. Anticipating a buy as it reaches the higher timeframe strucuture.