Since USDJPY came to a strong weekly support and started bouncing from it ill be looking to go long on this pair. If price breaks this ascending triangle it would be a good opportunity to buy.Another opportunity would be if price comes back to retest the broken resistance, then buy it. Plan your trade,trade your plan.
Possible trade setups from the ascending triangle. Could wait for a break to the upside or watch to see if the triangle continues to play out and buy at a later stage. Profit target is based on previous structural levels
Watching this pull back then possibly scale in 20% tomorrow
Hey guys! Found a good potential reversal pattern for the GBPUSD! Price has failed to create a lower low and ended up creating a lower high! This is a good signal of an uptrend! Strong horizontal resistance and upwards sideways support also point towards an Ascending Triangle! I'll be keeping my eyes on this for a while!
AUDNZD support and resistance zones to keep an eye on, with a potential ascending triangle forming as well on the daily chart.
CADJPY has been putting on an impressive recovery off it's Lows. It made it to a Resistance Level and consolidated in the form of an Ascending Triangle. Typically, consolidation areas (in this case a breakout pattern) at Range Tops will result in a strong breakout. Watch and see if this gathers any momentum.
6 perfect hit points on both support and resistance for this ascending triangle. I will buy a break to the upside, with profit targets based on previous structure support. I define a break here as a close above the resistance (although this does change slightly from chart to chart, depending on a number of factors). Zoom out to view more profit targets from...
Gold has been in this triangle for quite a long time and I believe that it will go higher after the breakout to resume the previous uptrend. Aiming for the 1320.00 level
This is an ascending triangle but given the split opinion in the market over the future direction of gold (some people are majorly bullish, others are majorly bearish, one week the global markets excel, the next they are doing poorly) I would trade based on both a break above or a break below. Look for a close above or below the support/resistance. If it breaks...
Ascending triangle with 5 hit points, so I am waiting for a break out at the 6th, 7th or 8th. Ascending triangles are bullish, but the very good previous structure on both sides suggests to me that it could break out either way, so I will be open to trading either break (looking for a close outside of the triangle). Profit targets are obviously at the previous...
Hello Traders, After a steep decline in the FX:SPX500 for the first 4 weeks of the new year, this market has been in a consolidation zone for the past 8 days. After further analysis, we can see an ascending triangle being formed, which is type of a consolidation zone pattern. In this pattern we have a strong resistance level and a number of higher lows...
I'm looking for price to retest .6541. The overall trend has been really bearish and expecting that to continue. With that said, I want to see price test the .6541 area and reject on a 240 candle. I am going to wait after the 240 close on the test before getting short. I would have my stop just above the structure area around .6575 just in case of a fake out. I'm...
SCTY is a very erratic stock that can be sent flying or diving and usually follows patterns and triangles very well. I see it going down a bit on the triangle in the next few days or so and then continuing. I'm in right now but I'm going to probably sell tomorrow and get in on the next low and long until 40ish. Solar companies also received good news from Nevada...
There is an ascending triangle on the 240 min chart. Bitcoin is in a nice up trend. If we see a break above 468.00, I'm looking to get long. There is some resistance right at 500. So if you miss the breakout to the up side I could see price retracing back to 470's to get long. I would take profits at 600.00 around that weekly resistance area. On the downside if...
WE have a double top, cant cross the 0.168 fibo level and the alligator start to open up... BUY
Criteria meeting long set up: - low test bar close - support at ~4450 - trend line support (third test) - rejection of 200 ema - ascending triangle pattern entry - above high of low test bar stop loss - below low of low test bar target - at next resistance level or higher