Looks like a very decent and stable bull flag here, so it is worth the risk. I am going to get in with half a size here and increase it to a normal size if we get a break out.
So you can follow the chart on your own.
Click on the horn at the bottom right, then click: "make it mine", so you can follow the fractal more closely :)
Still following that blue line to the point the past week creating the panic low for this potential inverse H&S. It's safe to say the low might be set now because of this short squeeze that just happened. However i have a game plan for Bitcoin' suggesting another drop going to happen there. So i am a bit confused on which one to follow. It could be that ETH' moves ...
Sometimes i just get really scared of myself :) Anyway, so far going almost perfect. The entries are already in since the bounce up was so strong this time. I have added a third entry for this game plan, that is if we see a daily close above that red zone, i will add even more to this position if we see something like a bull flag happening.
If this plan works ...
Sunday we had the chance to break the 4100, make a (short) term reversal but even though everything was in reach the bulls were too weak and lost the fight. Since that rejection at 4100 we started to drop again and the bears slowly took control again. However this time the bulls stepped in around the 3500 several times the past few days defending that level and ...
Patience pays off, waiting for the right moment to get in. In my previous analysis i showed the possible bear trap move and that a break of the red resistance on the right would be a confirmation. Also mentioned that we still needed to see an increase in volume, it's exactly that what we have seen today. From the looks of it, we might see a break of this triangle ...
2 patterns have been present at the current time.
A rising wedge and a bull flag is shown in the chart. thus, could result in two outcomes.
We should really wait until a clear pattern could be identified.
This is not a financial/trading advice.
cryptovan
A pretty bullish pair that is above the previous buy zone and it is having a consolidation right now.
Such formation has a strong tendency of breaking towards the upside. Agressive trader can look for a buying opportunity.
Last Month Trade Ideas like this has produced a total of 2,333pips of net profits.
If you don't want to miss out another trade ideas like ...
My feelings are the GBPUSD pair is really dependent on Brexit news alone. Today Mark Carney helped us bulls along nicely and made this bull flag that! It's also in over sold territory which makes me think there are more rises this week to come! I truly believe the Brexit debacle is nearly over and we should see GBP return to a normal level of 1.40 in the next year ...
Our last trade was a long entry based on a Bullish Alt BAt Harmonic Pattern. Trade reached its targets. - see attached -
The pair is printing a Bullish Flag pattern on the H4 Chart Time Frame. The bullish breakout of the flag is the fresh buying opportunity.
We have published a detailed Sterling Forecast. You may like to take a look before the week starts - ...
A potential flag formation forming up, with great reward:risk if you are using the bottom of the base flag to engage the trade.
Will engaged the trade and expect the trade to move slower than expected as the market seems to slow down.
Do note the consolidation may look small, but is a good 40+pips.
At the 3-hours timeframe we can see a formed triangle and a subsequent upward movement in a pattern of a Bullish Flag. Nevertheless fluctuations are too low to make a good profit and the market is too risky right now.
Currently indicators are bearish nevertheless Impulsive growth can bring the price to the top of the triangle and form a Flag in a Ichimoku clouds ...
Fantastic to see today's (November 5th) xrprice action do exaclty what I have been predicting this whole bull flag it would do. Not only did the initial breakout reach the small 4hr chart inverted h&s breakout target it then continued up after triggering the diamond pattern and on the way there found resistance exactly at the long astanding diagnoal ascending ...
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