Triangles, Descending Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
FX:GBPCAD Short setup at 1.62824 with SL at 1.63106 with two potential targets with RR 3:1 and 4:1 Note: Please Consult Your Financial Advisor Before Taking Any Decision Always risk 1% of account size per trade, adjust the position size accordingly
XETR:DAX DAX showing bullish divergence on 4hr between Aug 6th and Aug 15th with price making lower lower (LL) and macd making a high lower (HL). Price reversed after reaching weekly S3. Price to re-test 17000 as support (previous resistance) and is also the weekly price pivot and fib mid point (beween 62.5 and 50 fib). If price breaks 17000 next resistance is...
1. It is an unusual formation to have. How to trade it? Well, it is always 50/50 situation. You basically trade in the direction of the breakout. 2. It is not common to publish an idea for 2 different Commodities however they share the same pattern. That's why I decided to share both of them as the same idea. Keep in mind they might go in opposite directions...
Ranges, Descending Triangles, Triangles, & Ascending Triangle are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
Sterling has strong bearish momentum, a sell would be wise at the moment in the 4H timeframe. Possible movement to the upside after?
The price broke through a descending resistance a couple of candles ago but is yet to confirm the upwrd move. If it breaches the fractal on the 12h00 candle from the 6th of August I will consider long position.
Day in downtrend 4h indowntrend Short pinbar setup RR 1:1.5
FX:EURNZD Formed a bearish cypher pattern. RSI has a divergence and strength index EUR is overbought and NZD is oversold. As first target can be 38.2% fibonacci and as second target can be 61.8% of fibonacci
FX:CADCHF Formed a bullish bat, RSI is very oversold. The price can reac as first target 38.2%fibonacci and as second target 61.8%
FOREXCOM:USDCZK Formed a bearish shark pattern. RSI is very overbought. It could reach 38.2% as first target or 61.8% as second target
FX:EURAUD Formed a bearish cypher pattern. RSI has a divergence and the strength index for AUD is oversold and EUR is a bit overbought. First target can be 38.2% of retracement and second target 61.8%
EURUSD DAY in downtrend 4h in downtrend Fakey in short R:R = 1:1
FX:AUDCAD Could correct upside to the historical resistance and 50% correcion ABCD Reciprocal. RSI has a divergence and the strength index has the AUD oversold and CAD overbought
As you can see, there is lots of resistance where the market is right now. There is also an "M" Forming on the 4H. Ill be waiting for the next 4H candle to form with bearish momentum, before considering another entry on the lower time frames!
4H chart is plotting several bearish flag patterns How far will these bearish patterns continue to fall Bullish pullback is going to happen. Price can continue to fall bearish Or bounce back bullish.
Price may be creating a H&S chart pattern We have a common neckline resistance level Right shoulder is possibly developing Tell us where you would ENTER and TP