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Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
H1 : A potential breakout of the ascending triangle is in progress and should be confirmed.
Likely to see some pullback towards the breakout level (around 40'000)
Watch closely price action over the coming minutes and hours, as a breakout confirmation
of this pattern would open the door for 43'434 (+ 3474) which would be the first step towards
the next...
With earning on 10/28 I believe we will blow through the $45.85-$46 Resistance.
I suggest waiting for closing candle(s) above those resistance levels is key to great entry.
As always I enjoy seeing your comments for and against the idea.
USDHKD Short/Sell Idea
waiting for a momentum candle close below 7.8325 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Ascending Triangle (in blue)
3- Resistance/Supply zone from Daily/H4 (in blue)
Three confluences are enough to consider Selling USDHKD, after a break below 7.8325 (in gray)
AUDJPY has been trading between a nice range since early January.
Potential SELL from 79.50 with stop loss set above 80.00
First Take Profit set at 78.50.
The pair are also trading between an Ascending Wedge Pattern, this indicates a potential reversal
A potential long position can be taken on the Reinet Investments share (RNI) on the daily timeframe. Price is currently in an advancing stage (uptrend) and the buyers are willing to buy at higher prices as evidenced by the ascending triangle pattern, where we see some higher lows. Traders must be aware of potential retracements to the trendline, and therefore it...
After the bears being given the opportunity to control the market for months. The bulls are finally awake and hungry to look for an opportunity to take away that ability to control the market from the bears.
After a month-long downtrend and a heavy spike down in prices, an ascending triangle is forming with the prices of XEM finally breaking through the month-long...
