One of the pairs that we covered in today's Trading Edge series was the AUDJPY. At the time it was setting up a breakout pattern called an ascending triangle which would give us a projected break to the upside. As I type this the breakout is still in progress, but that doesn't mean that the opportunity to get involved isn't.
There are a few different ways to...
Here on the GBPCAD we have what is called an ascending triangle pattern. This is a pattern where price action has continued to make equal highs on the top side, yet higher lows on the downside signifying a break that is more likely to occur in the bullish direction.
For the video version of this setup, you can watch the youtube video titled "The Importance...
This is a tricky one, my brain tells me I shouldn't be risking a long here seeing that huge wick on the upside, however, my gut tells me we can see one more move towards 7750-7800 in next 2-3 days that's still 7% move without leverage
So I am risking a Long at current levels, I am using only half of what I usually use as...
RCN/BTC is located at the end of the Ascending Triangle graph formation. In the coming hours I expect BreakOut from this formation, probably upwards.
I will write here only important price levels that need to be monitored. Buy Zone 630sats to 600sats and we are currently in it. Stop Loss 515sats goes below the bottom of the trend. Take profits as always are more...
X FORCE CRYPTO ANALYSIS:
We have seen an extreme move downwards after a huge phase of consolidation. Although many people have their eyes on 8.5k, technicals indicate that there is potential for a bullish reversal at these levels. Let's take a look at the bullish arguments:
- We are seeing potential signs of reversal on the hourly chart,...
Price is currently around the 2009 and 2016 lows (very important lows, especially considering the significance of those 2 dates).
It is now in the process of forming an ascending triangle (currently on what could be the 5th and last touch of the pattern boundary.
I will enter this trade if the breakout occurs. I am not interested in prepositioning myself because...
IOST is in an ascending triangle formation . We can see a safer buy Range laddered from 80-75 Sats. LADDERED. This is the green shaded triangle. The red shaded triangle is a breach of support and will initiate a stop loss. Tan box is potential price gain from breakout up to 100 sats. Follow me for more
Won't be doing swing analysis for the rest of December since this is the most volatile month of the year.
We are in an ascending wedge with Gold and it's on the verge of completing. So we're trading for the breakout.
The entire move still looks bullish overall to me. This huge move just looks like a big retracement.
So the target this round is two key...
TWITTER BCBA:TWTR printed a double top and had beautiful selloff with strong volume and quick market reaction, i began anticipating a slip to a downtrend , however looking the 1D chart i observe
the bulls pulled a strong bounce off its 2 year uptrend indicating its selloff pressure maybe exhausted.
I have highlighted the trading zone ($27- $46) for the next...
XAUUSD has reached a key level of support. Price is currently around 1450.00. Pattern has formed a great ascending triangle. I believe that price will respect this price level for now until we have a breakout soon! Have fun all!
X FORCE CRYPTO ANALYSIS:
We are at an undecided zone with some bullish signs on the shorter time frames. Let's take a look at how this setup is very similar to the previous setup we had.
- We are seeing potential signs of reversal on the hourly...
We've seen the inverse H&S play out that I've talked about in my previous post linked to this chart, and since retracing roughly 10% from the micro highs & forming a bottom we're now trading in a ascending triangle that's breaking to the upside.
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Looking at this good Ascending triangle that we are building on the Smaller time frame, I feel this will break down however I...
Hope you are having a wonderful thanksgiving weekend (if you are American) and a great day for those elsewhere.
Lets jump into this~ as you can see here we have XTZ in an Ascending Triangle pattern which is a bullish pattern that suggests continuing momentum. Highlighted in the circle is where the best buy opportunity will be found in the...
This week it was confirmed the breakout of the level of resistance on this ascending triangle, given by the clear higher lows where you notice a phase of price compression that lasts for 6 months, and now seems to resume the bullish trend that lasts for 17 years.