Breakout-pullback
$CALX Wedge Breakout Pull Back For Buyers$CALX showing great bullish support after a solid earnings move and consolidation. Now that buyers have a bit more proof of the breakout higher, they have a shot at grabbing a quick dip to push back up again.
$BBBY Earnings Wedge Breakout Pull Back For Buyers$BBBY just had their earnings a few days ago which lead to a massive gap up on gargantuan volume. With so much momentum backing the move, it's hard to not imagine buyers wanting to reload on a small pullback now that there is more proof for longs.
$HOME Wedge Breakout Pull Back Deep Dip For Buyers$HOME has a great move up on the larger timeframe and, after a massive rip higher and return to orbit, prices are beginning to show that buyers are interested again.
$SLDB Break-Away PullbackSome of the best ways to enter in to a market is to let the move rush higher and nab the first pullback that occurs if you missed the ride. Seeing a quick flush pre-market may be the shot to push it back up to highs.
ALGO/BTC 12h (Binance) Falling wedge breakout & pullbackAlgorand has broken out this bullish pattern, breaking 100EMA would make it grow even more!
You could enter now in Spot or Margin, but here goes a safer set-up on a probable pullback:
Current Price= 0.00003268
Buy Entry= 0.00002956 - 0.00002710
Take Profit= 0.00003406 | 0.00003943 | 0.00004857
Stop Loss= 0.00002354
Risk/Reward= 1:1.2 | 1:2.32 | 1:4.23
Expected Profit= +20.23% | +39.18% | +71.44%
Possible Loss= -16.91%
Fib. Retracement= 0.232 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 960h
Short Buy position on NikeDespite the good earning on Nike, We have 2 dynamic resistances, after the breakout and pullback which is along with a testing, We have good buying position with considering of SL and TP
Buy position on Cintas in short periodAfter breaking through the down trend and big resistance, we might have a pullback, If it wont be a fake break through, It is considered as a good buy posotion with TP of 'Take Profit' area and SL of FIB RET 0(307$)
USDJPY - Trading with the Flow - Simple MTFA + ScreenshotsHi Traders!
The market is in a Downtrend.
You'll discover the behavior of the market for the daily, H4 and H1 Timeframe.
This is called the Multiple Timeframe Analysis (mtfa).
So let's start with the daily:
At first we drew the most important (turquoise) Levels.
Then we drew the descending and at last the ascending Trendline.
The connection of those trendline results a Triangle.
This Triangle isn't bullish or bearish; it's neutral.
But the bearish pressure is higher, because of:
- You already know the market is in a Downtrend.
- The 50 EMA is resisting and touching the price.
Now we switch to the H4-Timeframe:
Here we analyzed the price action behavior of the Up- and Down-Movements.
As you can see, the Down-Movements are more aggressiv and more straight then the Up-Movements.
Of course it is sometimes the otherway round, but mostly it is like this.
Finally, we get to the H1-Timeframe:
The market is moving in a ascending Parallel Channel.
Pay attention to this:
The most recent high was lower than the High before.
So this was lower high.
In addition the price reached the D1-Trendline.
Our Trading Plan is this:
If the price breaks and closes below the Channel, we short.
The SL is above the recent High, the TP at next conservative Level.
We recommend to trade the market with a Risk-to-Reward ratio (RTR) of at least 1 to 1.5.
Thanks and successful Trading Week :)!
EURUSD - Bullish Flag Pattern - Trend Continuation + MTFAHi Traders!
The market is in an Uptrend.
Let's begin our Multiple-Timeframe-Analysis with the Daily:
The market is clearly in a strong Uptrend.
We here have an ascending Parallel Channel.
The price is also respecting those other S&R Levels.
Great, here is the H4-Timeframe:
The market was moving in a consolidation.
Then it came back and is now retesting this break.
Here comes the important part!
Now we have to consider the behavior and the price action of the market during the Retest.
What is the market telling us?
For Example:
The market is breaking down and closes.
Then it comes back and closes even above the opening price of the previos candle.
(Bullish Engulfing Pattern)
This is a sign of Bullish Power, even it did break down at first.
Or what about that:
The market is making lower highs and comes to the Support.
You realizing that this could be a descending Triangle.
This is clear bearish Power, because the Traders are willing to sell at lower and lower prices.
Is everything understandable so far?
If not, write a comment below!
Finally, here is the Entry Timeframe:
Firstly we have drawn the Fibonacci Retracement Tool.
It was falling until the Level between the 50% and the 61.8% Retracement.
Then we drawed the channel from the retracement move.
We realized that this could be the Bullish Flag Pattern.
Even we have a save SL which is far away, the RTR-ration is 1 to 4!
And we're trading WITH the trend.
We recommend to be careful at the Resistance Level.
Thanks and successful Trading :)!
CHFJPY channel break outwe'll waiting for pull back on the broken channel
ichimoku and static resistance will support us
good luck ;)
Broken Higher From Daily inside BarPrice has now broken higher from the inside bar on the daily chart
Those traders looking to get long can watch the intraday charts and the potential new price flip level.
As the 4 hour chart shows; price has broken the intraday resistance level and a pullback into this level could be a solid area to look for long trades.
High of Day Breakout/RejectQuick video of playing a High of Day breakout and how to avoid a big drawdown.
BTS/USDT - LONG - POTENTIAL 20%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: COS/USDT
T/F: 1 HOUR
LENGTH: MEDIUM
RISK - LOW
ENTRY:
TP1: 2544
TP2: 2579
TP3: 2668
TP4: 2831
TP5: 3063
SL: 2440
NOTES:
- RSI BULLISH UPTREND
- BREAKOUT > PULLBACK > SUPPORT
- UPTREND
- REJECTION CANDLE FORMING
- TREND LINE BREAKUP
KEY:
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = LESS THAN 1 WEEK
LONG = > LESS THAN 1 MONTH
INVEST = MORE THAN 1 MONTH
RISK:
LOW = EG. STRONG SUPPORT // MULTIPLE BOUNCES // STRONG UPTREND // OVERSOLD // BREAKOUT > PULLBACK > SUPPORT // REJECTION CANDLES
MEDIUM = EG. BROKEN SUPPORT // TREND REVERSAL // CONSOLIDATION
HIGH = EG. NOT FULLY BROKEN SUPPORT // OVERBOUGHT // OVERLY MATURE UPTREND
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
MITH/BTC - LONG - POTENTIAL 19%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: MITH/ BTC
T/F: 1 HOUR
LENGTH: MEDIUM
ENTRY: 605
TP1: 619
TP2: 643
TP3: 667
TP4: 724
SL: 575
NOTES:
- Needs to breakout of current resistance, higher risk trade
- Trend line breakout
- Key resistance flipped
- Candle support rejection
- Strong support
- Pullback on support
- Uptrend
KEY:
SHORT = 1-2 DAYS
MEDIUM = LESS THAN 1 WEEK
LONG = > LESS THAN 1 MONTH
INVEST = MORE THAN 1 MONTH
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
BQX/BTC - LONG - POTENTIAL 26%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: BQX/ BTC
T/F: 1 HOUR
LENGTH: MEDIUM
ENTRY: 582
TP1: 613
TP2: 635
TP3: 687
TP4: 736
SL: 548
NOTES:
- Key resistance flipped
- Candle support rejection
- Strong support
- Pullback support
- Uptrend
KEY:
SHORT = 1-2 DAYS
MEDIUM = LESS THAN 1 WEEK
LONG = > LESS THAN 1 MONTH
INVEST = MORE THAN 1 MONTH
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
XLM/USDT - LONG - POTENTIAL 16%+
Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: XLM/USDT
T/F: 1 HOUR
LENGTH: MEDIUM
RISK - MEDIUM
ENTRY: 8616
TP1: 8880
TP2: 9833
TP3: 10572
TP4: 11789
BONUS TP - 88%
SL: 8028
NOTES:
- LARGE UPPER POTENTIAL
- UPTREND
- SUPPORT BREAKUP CANDLE
- SITTING IN SUPPORT ZONE
- BREAKOUT TO PULLBACK ON SUPPORT ZONE
KEY:
BONUS TP - IT COULD CONTINUE TO RISE TO A SIGNIFICANT HIGH ALTHOUGH IT IS EITHER VERY LONG TERM OR A HIGH RISK TARGET. RECOMMENDED TO FOLLOW BY SECURING PROFITS WITH TRAILING STOP LOSS.
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = LESS THAN 1 WEEK
LONG = > LESS THAN 1 MONTH
INVEST = MORE THAN 1 MONTH
RISK:
LOW = EG. STRONG SUPPORT // MULTIPLE BOUNCES // STRONG UPTREND // OVERSOLD // BREAKOUT > PULLBACK > SUPPORT // REJECTION CANDLES
MEDIUM = EG. BROKEN SUPPORT // TREND REVERSAL // CONSOLIDATION
HIGH = EG. NOT FULLY BROKEN SUPPORT // OVERBOUGHT // OVERLY MATURE UPTREND
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
FUN/USDT - LONG - POTENTIAL 12%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: FUN/USDT
T/F: 1HR
LENGTH: MEDIUM
ENTRY: 3983
TP1: 4113
TP2: 4343
TP3: 4492
SL: 3773
NOTES:
- Support breakthrough
- Pullback sitting on strong support
- If support holds then it should continue uptrend
- Uptrend
KEY:
SHORT = < 7 DAYS
MEDIUM = < 1 MONTH
lONG = > 1 MONTH
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
GBPJPY 4 hour - ASCENDING TRIANGLE BREAKOUT & RETESTI'm a little late to posting this here on tradingview but the GBPJPY is still offering a good potential buying opportunity. The ascending triangle is one of my favorite breakout patterns to look for & what makes this one special is that it aligns with my overall view of the market because of the recent violation of the previous structure.
Obviously the breakout has already occurred, but for those looking for a second chance to get involved, you can look for a pullback & a chance to hop on the next extension higher.
If you like this idea, please do me a favor by hitting that thumbs up button as well as leaving me a comment. As always, if you have any questions, comments or just want to share you view on this particular pair or setup, please leave it in the comment section below as I'm pretty good with responding to things here.
Wishing you a great trading day & as always "Plan Your Trade, Trade Your Plan"
Your Trading Coach - Akil
BTT/USDT - LONG - POTENTIAL 11%PAIR: BTT/ USDT
T/F: 1HR
LENGTH: MEDIUM
ENTRY: 3225
TP1: 3307
TP2: 3394
TP3: 3586
S/L: 3225
NOTES:
- Sitting on support
- Warning could breakdown hard based on historical movement
- Breakout to pullback
- Strong Uptrend
- Minimal resistance above
Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile.
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
Price Action & Psychology - Breakout, pullbackHello !
Key points :
Double bottom ignites the breakout
Breakout from the significant confluence area on high volume
Pullback halfway
Low volume + indecision
As you can see on the chart, that 3.00 zone is important. The stock made a new low and encountered that old level (circled on the left side) as a resistance a few times.
The breakout from that zone, considering the spike in volume indicates a psychological shift.
The stock retraces halfway, due to profit-taking. That is reinforced by the fact that the volume shrinks a lot.
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
