forming an ascending triangle (bullish🚀). It’s a very positive sign that we are consolidating this long, which means we will have an explosive 🔥 move up!
UPWARD TREND FOR THE MOMENT, AN INCREASE IS EXPECTED IN THE FOLLOWING HOURS, WHICH ACCORDING TO THE ANALYSIS WILL LAST ONE DAY AND 3 HOURS, AFTER THAT WE WILL HAVE TO WAIT FOR A CORRECTION AND OBSERVE IF THE ROOF ROOF TREND LINE MARKED IN THE CIRCLE IS BREAKED , IF THE ROOF TREND LINE IS EXCEEDED, THEN IT IS VERY SAFE TO KEEP BUYING UP.
Hello guys, I am a 16 year old beginner trader so need as many inputs on this trade. The USD/CAD had been obeying the trendline (shown in blue) for most of last week but when the market opened after the weekend, the price broke out and started pushing up. My idea is to wait until the price finds support at the 1.31528 (shown in orange) before going long. Thanks,...
Hey all! There is a BEARISH ABCD pattern formation going on in SPY Hourly chart. The pattern is very close to formation and RSI is in overbought zone. I see a high probability SHORT trade in this setup. You can either enter the trade right now with a tight stop-loss or you can wait for price rejection around 350. I also marked profit taking levels. It is up to...
Hey all! There is a potential AB = CD pattern formation in 1-hour QQQ chart. The pattern is still forming. The PRZ is between 294.55 and 295.09. There is a possible short if the price enters PRZ. Depending on your risk appetite, you can enter a short trade right after price enters the PRZ with a tight stop-loss or you can watch candle formations and look for a...
Xlm 1 saatlikte hem gartley hem ab=cd formasyonları beklentim var. Eğer D noktasına ulaşırsa orada bir bölgesel destek de bulunuyor. Güzel bir long fırsatı yaratabilir.
Strong selling pressure, if we can maintain resistance around Asian low/4hr KEY ZONE /Psychological pricing, we have a good probability of continuing the move down to try and make new lows. Wait for time frames to align before entering.
What are you thoughts on a Ghartly short USDCAD 1hourly ? Are Ghartlys profitable for you? On the Daily chart price has reached a support level, so it is possible that we can be looking at LONG. If we take the short-term approach, we can see maybe price may fall before going higher.
On the 1H and who do you see ... Head & Shoulders (chart pattern). If you enter now, you're looking at 22 pips which is good for a scalper assuming there is no retracement back up to 1.55. I'll rather enter below the 1.54 on a good bearish price action. (Alerts Set) With this move you're looking at a good 83 pips if you land on the trendline.
Price has been in a descending channel since 20th March, on the 23rd of June a strong bearish engulfing candle was formed on the daily, however sellers were unable to follow through and price has been climbing higher since. On the 1H time frame we have a head and shoulders pattern formed with a recent break and is currently in the process of retesting the...
Price has made a bearish engulfing on the daily time frame. On the 4h time frame price has recently bounced from a trend line dating from 13th Dec and has also just broken an ascending channel dating from 30th April. I'll be looking for bearish price action at confluence of resistance around 1.25920 on the 1 hour time frame. If i find an entry my target will be...
We should really get a good sense of where the market is going by tomorrow or next Monday. Breakout above blue is bullish. Breakout below yellow is bearish.
. 'W' Pattern formation in process . Double bottom providing support . Expect price to move up . However price may break support and continue down
NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE) (LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT ) From a daily perspective we can see price has been in a bullish market. REMEMBER: MARKET IS REACTIVE AND NOT PREDICTIVE. On the four hour chart if price can push through the resistance zone we can initiate a long position to the level of 118.559 zone. Monitor...
expecting a small pullback and then continuation
EURUSD Just closed above the 200 SMA on 1 hour chart following a breakout this morning. However to continue upside momentum the price would have to close above the 50% Fibonacci level at 1.08934 directly above the 200 SMA so could encounter further resistance here. If the uptrend is broken price could move back and test the lows of 1.0800.