Price is currently consolidating inside a bullish rectangle. A breakout looks very feasible. We can take short-term buy opportunities at the bottom of the channel. We don't want to trade against the trend, so we're not taking any short position.
We patiently await the breakout.
#Risk Management
# Good RR
#Simple chart pattern.
In the past days, GALA has formed a Bullish Flag Pattern, breaking the trendline and turning it into support, If that support hold then we're going to see it in the next few days making higher highs, higher lows.
fake breakout of Bitcoin descending channel.
To ensure proper position, we wait for the breakout to upward from the channel
maybe this is a flag pattern
Hey traders, in the coming week we are monitoring GBPJPY for a long opportunity around 155.250 zone. We noticed the breakout of the bearish trend on the monthly frame in combination with this bullish flag patterns. once we will receive any bullish confirmation the trade will be executed.
Trade safe and use proper risk management.
DISCLAIMER ON, this is my personal trading plan , btcusd forming bullish continuation "FLAG PATTERN", we waiting for the confirmation from price action (bullish engulfing, rejection candle and valid swing) to showing us BTC have power to reach 74k
OANDA:NZDUSD
Hi guys
So Nzdusd is moving in an uptrend
Now a bullish flag is created which gonna lead price to go higher to resistance of 0.730
So I expect price to keep going high to 0.730
double fractal bullish flag
we have time for good news to appear, after that it might be bullish brakeout or fakeout
kinda leaning towards the first option coz its strong uptrend but.. a trap move can be traded too
The classic Bull Flag broke to the upside. The next stop is a test of the top of the flag parallel and then the right shoulder level. Alt coins are seeing parabolic moves as cash moves into the space
- Chiliz CHZ - Rank 65 on coinmarketcap.
- We can spot a symmetrical triangle on the weekly chart, that looks really nice!
- RSI is prepared for a huge pump to the upside.
- Stop loss below the triangle.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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After finding support Shib has produced a series of Higher Lows. Resistance was found at the top of the current Bull Flag. For a more extended move the upside the .65 Level must be gained, back-tested and held.
Bear Pennants breaking bull, and a deep wick back-test of support into a Confirmed Bull Flag has BTC forming another pennant. The consolidation after the shallow break of the Head and Shoulders continues. Akin to the wake of a boat, the three peaked pattern overshadows price as digestion continues.
Price is currently consolidating inside a bullish rectangle. A breakout looks very feasible. We can take short-term buy opportunities at the bottom of the channel. We don't want to trade against the trend, so we're not taking any short position.
We patiently await the breakout.
#Risk Management
# Good RR
#Simple chart pattern.
Bitcoin is currently trading around 58 900USD
Check daily chart. You can see nice uptrend - 21 days and 66% up.
Now we have probably correction - 7days and 13% down.
You can see the diferent - after 21days we have only 7days with downtrend.
Important point - in case of correction price should go up very soon again.
Strong support - 58 600USD, 50-52...
Scientx formed a descending triangle after breakout breakout from the bullish flag. And now, it breaks the descending triangle. Scientx is ready to continue its uptrend.
Disclaimer:
This is not a recommendation to buy or to sell securities. This sharing is for education purpose only. Trade at your own risk.
