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Flag-breakout

XAUUSD : Bullish Flag - which side will it breakout ?We got exactly similar rectangular ranging (bullish flag) and upper-breakout just a day before now we have one in xauusd, Lets enter the breakout side though I'm expecting upperside,I won't hesitate to take trade if there is downside breakout.Scroll back the chart to left to take a look at previous trade. Incase of downside break, 1353's I expect as targets Hit Like button to keep me motivated to post more ideas...Thanks for your support ! Happy Trading !!
FX:XAUUSD
by InsiderB
4
Potential Bullish Flag Breakout Into A Bearish BatA lot of news coming out this week for both CAD and AUD but on the technical side of things what I see is a bullish flag pattern forming within the C to D leg of a potential bearish bat pattern. I don't trade flags the same way i trade advanced patterns but I do like when they come back into previous structure as in this case so it's something I will certainly be keeping my eyes on to see if I will get a chance to be involved. If so you can look to ride price action up to the potential bearish bat and then stop and reverse putting yourself short the advanced pattern. Not that this means much as I don't have that much of a bearish bias, but the Bat completion would also give us a valid C leg of a much bigger Gartley pattern located on the daily. If you want to get a better idea of how I trade please check out my YouTube page where I have over 100 FREE trading videos posted. www.youtube.com Also for day to day insights of what I did in the markets and what lessons were learned from it check out my blog at ratiotradingmentor.com
Long
by Akil_Stokes
19
ABC continues uptrendABC has been in an uptrend for many years - with some periods of pullback and sideway movement on the way. In more recent times a mini pattern had emerged (on the daily chart) of a move up followed by several weeks of consolidation. This can be frustrating, even for longer-term traders. But since the gap up (on earnings and higher volume) on 30th October a better trend has started to develop. With the bull flag confirmed yesterday a buy opportunity now presents itself. The $100 figure may prove to act as psychological resistance but that is nearly $10 away so there is an opportunity to get risk-free on this trade before that.
ALong
by iAnneTrader
2
UNP breaks out after deep pullbackUNP has been a profitable trending stock but, as with many other positions, the October pullback was too deep to justify remaining in the trade. On the weekly chart the trend has remained pretty much intact since January 2012, even with the recent pullback. Price did not breach the 50ma, and only spiked below the 100 figure. But on the daily chart the pullbacks have become progressively deeper. However it is conceivable that UNP will return to its former linear trend. Yesterday's breakout bar confirmed a small doji-based flag on slightly higher volume. If it weren't for NFP today a buy opportunity could've been a possibility. But for now I will wait for Monday (to avoid possible near term volatility due to NFP) and reassess then.
NYSE:UNPLong
by iAnneTrader
DAL Long - Bull Flag ConsolidationThe idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46 move straight up through all EMA(8/21/50), through resistance, and consolidating above. 5) Broken Downtrend 6)Weekly Uptrend Is Beautiful - Right At EMAs (8/21) (My Screen Is Too Small To Pull Up Both Simultaneously) Cons: 1) MACD Is Positive 2) Momentum Tapering As We Consolidate I like the chart, and like what I see. I'm getting long here. Possibly with a covered call, but maybe something else. Not sure what other plays are available with such low volatility, but the verticals and diagonals are getting old.
NYSE:DALLong
by TheProfitcy