The price has touched Fibo Ext 23,6% before down to 38,2% one. It's very interesting. But they have formed the Ascending Pattern. I hope they growing up to break fibo ext 23,6% and finally to 0%. Or not more bearish to fibo ext 61,8% in order to as my prediction on Gartley Bearish before. If breakout from fibo 23,6%, I hope they will growing up and finally as my...
Ascending triangle forming on the GBPUSD 60 minute time frame.
As i described in the linked post, I'm looking for long opportunities on USDCAD. Right now, price is forming a tight Ascending Triangle. These Price Patterns typically breakout to the upside. IF, we get a break & close out of the triangle I will get long on this pair. I will use a trail stop for Target #2's
USDCAD has been consolidating on the HTF's since May of this year. It has formed an Ascending Triangle Pattern. These typically breakout to the upside. With Friday's close we have finally closed above the Triangle. We could be seeing a major recovery in USDCAD if this pattern plays out as projected. I will be looking for some aggressive long entries on the 60min...
What we have is a very simple (yet very clean) example of an ascending triangle pattern. We must first wait for the pattern's completion before entering a position. If the price breaks out and closes above the 1.32839 resistance area a long opportunity presents itself. The breakout range has been set to the same size as the base (6.73%) and stop loss placed just...
It is been observed that the price action is ranging Ascending Triangle after the successful breakout from the downward trendline. Currently, the price action is stating a resistance level at 1.3210 which is been broken as the price action breaks and close above it on a weekly chart. It indicates buyers dominance and control over price action as it may further...
(i) Enter the breakout direction (ii) Use proper stops and enter only after valid breakout (iii) On false breakouts, reverse trade on other direction after confirmation Well, we may get a good trade in GBPAUD.. Happy Trading !
Usually people use elliott's to predict direction of breakout, but that also fails sometimes. Lets stick to simple things, so on the breakout direction we can initiate positions in EURUSD with proper stops. Be quick to reverse if false breakout happens even after valid close below/above trendlines. The beauty of triangles are they give big moves and they recover...
I just exited my GBPAUD Bear TCT. The reason I exited is because my Trading Plan says all Breakout Patterns take priority over all other types of trades. GBPAUD is forming an Ascending Triangle. Typically these patterns occur after a long heavy downtrend and mark the temporary bottom. There is so much room to the upside for a market correction. Also it's...
This is a general market commentary and does not constitute investment advice. Follow your plan and rules. Good luck!!!
Price is creating a good structure for a nice bull move after the ascending triangle has formed.
Looking forward on what this pair gonna do in the next days,it developed an ascending triangle pattern which suggests that gonna continue up but after Friday rejection we might get a bigger correction, will try and update this one as we move on.
Etheruem is currently creating the final pieces of a a Bullish Ascending Triangle and should rocket upwards during the 1st week of October.
In AUDUSD we have ascending triangle formation, on simpler logic after every consolidation there will be a good move which happens out of breakout. I'm not strict elliott follower, I just use that for my analysis to support the decisions I'm gonna make, not to determine direction also. Sometimes rarely I used that to determine direction of Market. Its just My...
Hey traders here's a hard version of the trade I showed you in today's video (You can find the link to my youtube page in the "signature section" below). Previously we were watching and involved ourselves in the ascending triangle breakout. Now that price action has returned to our previous level of potential structure support, we'll be keeping an eye out for...
On weekly chart, I observed that the price action is forming a descending triangle, which is a continuation pattern. It is a good time to put this one in our watch list and wait for couple of weeks to see a breakout from this with a high volume .
BBands set to (30) Triangles also represent a squeeze on the BBands The past two squeezes of this magnitude have hit either R3 or S3. My expectation is that this breakout will do the same. Although admittedly, the pivot math is greatly altered due to the BFX hack selloff, so therefore the S3 pivot at 2270CNY may be a little low, but does fall within previous...
JPN225 developing an ascending triangle on h4 which could bring some buy opportunities.