There has been resistance at 1.113 for the previous 2 months. Currently we still face issues breaking 1.113, but when it does break expect resistance at 1.118. When this breaks i anticipate upside of 1.14. Best of luck.
Due to Brexit polls the chart was little mess with lot of volatility. So that's the reason this bearish gartley look far extended on its right for D-leg completion. We can short EURCHF once this gartley gets completed. But if you are triangle pattern trader, there is one now ( ascending triangle) , confirm the breakout direction and enter, dont get caught in false...
On daily chart looks like an ascending triangle, with an target on the nex round level looking for more potential if we can break the big resitence long >1.90 Stop = 1.79 Target(1) = 2 Target (2) = 2.25
Price @ .5 fib level of down AB Swing Testing 3 strong resistance around 1.4626/ also resistance level of the Ascending Triangle Price tried to break up the down trend line twice, but retrace back below Testing last bearish engulfing CFL and Spinning Top 5 Days ago there was a Bearish Shooting Star
Price is in the potential reversal zone for a weekly bullish bat and at point E of an expanding wedge. If price breaks out of the ascending triangle (usually a continuation pattern and sometimes a reversal pattern) it may act as a catalyst to break out of the ascending channel as well. This could mark a large reversal toward the top of the expanding wedge. Keep...
USDCHF has developed an ascending triangle on h1, i am looking to buy after price breakout with possible targets marked on the chart.
Buy FX:GBPJPY After Bullish Candle Stick Formation Price @ Back Side of the Trend Line (BLUE) Touched Uptrend line (Pink) Higher Highs (Support, Blue Arrows) Very Sharp Counter Trend Line Break StochRSI Over Sold Entry: After closing of the daily Candle (This Friday), Place Trade Monday Afternoon Stop: 10 Pip Below Previous Low (153.229 appx.) Take Profit:...
Ascendind triangle is forming as a wave 4 in current bigger impulse.
Sell FX:GBPJPY after breakout of Ascending Triangle 148.000 was major support in August, 2000 and August 1993 After Revers from 148.000, in August 2000, price moves 100000 Pips After Breakout of the Ascending Triangle, next target is 148.000 (appx) Which is 1.618 fib extension of down AB Swing and 1.272 fix ext. of 2nd AB Swing (Confluence of Fib Level)
Hey gang! Genesis here! Found an Ascending Triangle on the Daily chart for the GBPJPY pair and if you look here closely on the 4H chart, price is hitting the trendline soon! One thing I really love about trading the insides of a pattern, is because they the entry and exits are so predictable! What influenced my decision: -Stochastics Divergence (oh, this is a...
Hi traders, Just a quick chart with my thoughts on the future movements of BTC. Like most I am anticipating a bullish move from this triangle. Overall I see a possible top of around $700. It won't be a straight run as there is previous R/S level at the $560 level so we should retest $464 which will become support for the next move up.
Further to my previous Daily chart, here is my projection for the breakout. The ABCD would put our top at around $576 which fits nicely with the next resistance level. From there we would either retest $464 or, if the market is steamrolling, it may only retrace to another level within this breakout before moving north through the resistance as shown in my daily...
The ascending triangle on the 4-hour chart of EUR/AUD presents a bullish breakout trade opportunity. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My potential take-profit level is shown with the green line. I will set the stop-loss order to the low of the breakout bar (not shown). More...
Traditionally there are 3 ways to trade a breakout all depending on your level of aggression as a trader. The before the breakout and actual break has already completed which means waiting for the retest is the only option left for those looking to get involved. I'm saving it for my Weekend Review, but I've been recording the analysis of this trade as well for...
Watch for an upside breakout on the EURAUD pair on H4, potential target profits are 1.57000 and 1.58000.
Following up on a topic we covered in last week's Monday session. Here's a perfect example of how you can have a trading opportunity that is both Counter Trend & Trend Continuation at the same time. Remember gang, the market moves in fractals, meaning there are moves within moves and trend withing trends, within trends. Akil Stokes Chief Currency Analyst &...