The teal 99 EMA will be confluent with the .886 on this harmonic pattern. I will be taking a long position at this point if we get at least a 4hr candle close here. This pattern and entry will become invalid if BTC does not bounce off the 99 EMA. The "D" point of this pattern could be the 786 or 886, if BTC continues to consolidate as it has, then it will likely...
update after some pound weakness, we can consider the entry point until now as a drawback phase. as trade setup still completely correlates with what was suggested yesterday night before some pound weakness through the night (germany calling out bo-jo). We can see nothing was anything major or significant therefore we do not need to worry for any reversals as such...
Observamos un canal, cuyo recorrido paralelo es de 400 pips aprox.
Nos encontramos en una posible venta. Perseguimos +50 pips en M15
TP: 1.23649 +50
NOTA: Mantener seguimiento al precio al estar cerca del TP.
Main items we can see on the 4hs Chart:
1)Price is on a Flag pattern formation that found support on a major Daily Zone
2)Flag Patterns are considered continuation structures
3)Currently, the main form is a descending channel in which the Flag pattern is on it.
Based on that if The price breaks out from the Flag pattern, we expect a continuation of the bearish...
A potential bearish and authentic APF Bat 88.6% XA ret within 161.8% - 261.8% CB ext for a short/sell trade opportunity with a good psychological number at price 0.66600 even handle. Aggressive entry with pending sell limit order at the completion and stops just above setup's X point giving us a good 1:2 RRR to TP 1 and 1:3 RRR to TP 2. Conservative upon...
Will EUR/USD rise?
It just broke the important line on my script.
The arrow on the chart is the best entry for the up trend so don't miss!
(See my buy entry on the chart)
There is no one clear definition of price action. It can be as simple as "Every tick on any given chart, of any given market." However this definition is too broad and does not adequately describe the term. A better definition is "The collective result of buyers and sellers entering the market for any logical reason, which together create reoccurring patterns that...
symmetrical triangle has form, there is no clear trend or direction in the price. Price is bound by two slanted support and resistance lines. Once the price reaches the apex of the the triangle, a breakout typically occurs but its direction is unknown. must pay attention to possible false breakout. Now must wait for the price to breach the triangle boundary and...