NZDUSD Price is forming ascending triangle we have EMA's cross also.
Let's see if Resistance will hold or price will broke it all depends on news today.
As you can see on GBP/JPY Chart , we have a ascending triangle pattern so watch for that, we are on buyers territory too, but still have seller pressure so watch out for spikes.
So watch for opportunities
Happy and safe trading.
First published idea and definitely a TA newbie so don't trade off this idea! ETHUSD looking like a possible ascending triangle. Resistance at 265. If it breaks out could reach target of 274.
There is a possible correction looming, both RSI and Stochastic showing bearish divergence. There is some resistance at this level with it being testing it 4 times, we are now at the apex of an ascending triangle. The target projected from the triangle measurement is just above the 38.2% FIB level, this are should provide support to a move down before possibly...
Ethereum, formed two simultaneous bullish patterns, added to this, on 05/31/17 this coin will be added to the HUOBI platform, further strengthening its trend.
The counter are the giant sales walls that expect it from values like 0.083 onwards.
If ETH comes out victorious from the fight it is very likely that your fans will have very good news soon.
Thank you all!
The last pair looked at today was on GOLD. If you're a follower of my post here or anywhere else, then you know that I was looking for a potential head & shoulders pattern. Price didn't quite make it to a horizontal neckline (which is preferred not needed) before heading up to retest the level of the left shoulder.
A double top at that level then turned into an...
Clear ascending triangle pattern recognisable on daily and weekly timeframes, there is a bullish bias using the 3 drives pattern. With this in mind, and the recent rejection of the lower support line, use a break of the counter trend line to confirm the trade. Ideally price should eventually break out at the to of the triangle, however expect a retest of the lower...
-Ascending triangle, once breaks out of 2400 psychological level, it will go up to 2500.
-Short term wise, long to 2399 level and take profit after that short back to green support level.
-Cover short at green support level and turn into long, TP:2500
Watch for breakout of the red ascending triangle to the upside for a continuation.
If we breach below watch for support around 2000-2015 (short term)
Look for RSI to overextend upwards to confirm a new leg
Hi,
yes yes, I am switching from one pattern to the next sorry ! :) on the hourly we have a seemingly ascending triangle, the buys will be more reliable than the sells as pressure is up.
I hope you can make some pips !
Ascending triangle gives us a CTP for bullish position, we can also see a confirmation on the RSI showing us a divergence.
Would be a good short term long entry after we break out of the triangle.
Hey traders, looking for a bullish breakout to continue the bullish impulse on this pair. MA cluster may provide additional support. SL @ 1:1 with target at 1.272 extension. Cheers
Hey traders, USDCAD flipped the scrip on us and is continuing its bullish momentum. I like the R/R and the support under entry. B/E at 1:1 with a target at the 1.272 extension at a R/R of 2:1. Cheers
Hey traders, clear resistance forming here at the 122 level. I am long above 122.14 and targetting the 1.272 extension. Drop below 121.275 will invalidate this setup for me. Cheers
What an ugly chart! I'm still waiting for a few ideas to hit their particular orders - and this is one of them. What we have here is a descending channel within a larger ascending channel. These are particularly great because you know for a fact that it's either going to bounce off the channel wall and push up or break the channel for a huge dive.
As always, I...
GBPNZD has been ranging for quite some time now between 1.67455 and 1.79460. The formation of an ascending triangle, and price being above the 200 SMA may imply that a B/O and move up could occur. But, with the continuation of Brexit, will the pair stay down for a while longer?
The pair looks to have hit resistance again, with a Bearish pinbar forming on the...
