Live YM Trade - Opening Range BreakoutCBOT_MINI:YM1!
Opening range breakout trade
Set stop orders on both ends for entry
Around a 100 point profit
Flag
Breaking Down my Strategy for YM Trade46,700 to 45,700 is my prediction this week. I'm breaking down my thought process for journaling purposes.
EURNZD Bullish Breakout Watch: High & Tight Flag SetupWe’ve got an interesting setup on the EURNZD—not necessarily a Grade A trade in my playbook, but definitely one worth keeping on the radar.
Currently, price is holding at a key level of structure, but instead of reversing, it’s consolidating sideways, forming a channel / high & tight flag pattern.
👉 If we see a confirmed bullish breakout, this setup could offer a powerful trend continuation opportunity with massive profit potential to the upside.
If you have any questions, comments, or want to share your trading ideas, please do so below!
Akil
BTC Possible Short-Term Scenario (Long)Sharing my view on the BTC short-term scenario.
Main idea here is to find confluence of the resistance levels using different technicals.
How to Spot Flag Patterns on TradingViewLearn to identify and trade flag patterns in TradingView with this step-by-step tutorial from Optimus Futures. Flag patterns are continuation formations that help traders join existing trends by buying high and selling higher, or selling low and buying back lower.
What You'll Learn:
• How to identify bullish and bearish flag patterns on any timeframe
• Breaking down flag patterns into two parts: the flagpole and the flag
• Finding strong flagpole formations with fast, obvious price moves
• Spotting flag consolidation areas that form tight ranges
• Why flag patterns work: buyer and seller psychology explained
• Real chart examples showing how flag patterns develop and play out
This tutorial may help futures traders and technical analysts who want to trade with market trends rather than against them. The concepts covered could assist you in identifying opportunities to join strong price movements when they pause before continuing.
Learn more about futures trading with Tradingview: optimusfutures.com
Disclaimer:
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary.
This video represents the opinion of Optimus Futures and is intended for educational purposes only. Chart interpretations are presented solely to illustrate objective technical concepts and should not be viewed as predictive of future market behavior. In our opinion, charts are analytical tools—not forecasting instruments. Market conditions are constantly evolving, and all trading decisions should be made independently, with careful consideration of individual risk tolerance and financial objectives.
Gold Daily Update - Looking Bullish!Gold has successfully broken above the critical 3030 level, at least on the shorter time frames of 30 minutes and 1 hour. It has closed above this level and is now retracing slightly, possibly to test the area again. If the price holds above this level during the London session, further upward momentum is likely. The first target could be a retest of the 3050 level, and depending on the volume during the New York session—particularly at the New York Stock Exchange's opening at 9:30 AM EST—it might even attempt to retest its all-time high.
Given this price action, the downside appears limited for now, and I wouldn't recommend shorting this market at the moment. Even though we're approaching the end of the month and quarter, when fund managers often rebalance portfolios or book profits from recent gains, the momentum currently seems firmly bullish. Shorts would only become a consideration if the price closes decisively below 3030, fails to reclaim that level, and gradually breaks below 3015. Until we see such developments, the current trend favors the bulls.
Wishing you a great day and week ahead! Don't forget to like and subscribe to my channel to keep receiving free analysis and content.
Bullflag on UNP! 🔉Sound on!🔉
📣Make sure to watch fullscreen!📣
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
The SECRET to BULLISH CHART PATTERNS | EducationBullish chart patterns play out towards the upside... atleast most of the time.
In some cases, a bullish pattern forms - seemingly strong- but ends up going the complete opposite direction. There is a way to navigate this very frustrating outcome - by waiting for confirmation.
Through waiting a little longer, you will surely reduce the profits - but this greatly reduces the risk of playing a "failed" pattern.
Keep a close eye on this bullish chart pattern forming on SUI:
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EURUSD Short Continuation - Flag Set-upAfter having much success trading this down over the Christmas Period, EURUSD Looks to have disproved the fakeout of 1.05 and we will look to jump on the wagon for the next impulse on its way back to 0.96 - Providing a good retest is given allowing at least a 2:1 RRR down to 1.2, which is the 61.8 Fib Level of the weekly move up.
DXY - Bullish Flag Breakout PatternAfter an explosive bullish move due to the US Interest Rates news yesterday the US Dollar Index is showing signs of relief.
This relief is also forming a Flag Pattern with the expectation being a breakout to the upside.
Not only is this flag pattern a bullish sign, but overall the market is providing us with more bullish signs as well making this a very interesting opportunity to keep an eye.
I'll walk yo through what I'm seeing and where I expect price to go if this trading idea works out.
Hope you enjoyed the video and I wish you a Happy Holiday's
Akil
BULLISH STRUCTURE NEAR BREAKOUT - $110,000 - $120,000 NEXT (?)As shown, price could breakout of the ascending structure that has been forming for the last 2 weeks.
The longer the market consolidates, the stronger the breakout will be in any direction it decides to take.
Based on the trend and projection, there could be a second bullish impulse toward ATHs near $120,000 by the end of December (or before).
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Enjoy the video,
GOOD LUCK !
Retail and pros diverge while bitcoin mulls $100kBitcoin is tantalizingly close to the elusive $100k target - a level which has been thrown around, literally for years, by bitcoin visionaries. And it looks like it will finally get there. Yet with prices rising while real-money accounts derisk from the original-flavoured crypto currency, which crowd should we follow?
MS
What is a BULL Flag Charting Pattern and How to draw it? 1/8This is video 1/8 of this series of BULLISH Chart Patterns.
A bull flag is a continuation pattern that appears in a strong uptrend, signaling that the prevailing upward trend may continue. Here's how it looks:
Flag Pole: A sharp, steep rise in price forms the flag pole.
Flag: A period of consolidation with lower highs and lower lows, forming a flag that slopes against the prevailing uptrend.
Breakout: A strong move upwards out of the flag, confirming the continuation of the uptrend.
The bull flag pattern is popular among traders because it provides clear entry and exit points and is relatively easy to identify. It's a great indicator for momentum traders looking to capitalize on the continuation of a bullish trend.
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Stay tuned for the other 7 BULLISH CHARTING PATTERNS
$VKTX is about to FEAST! Don't miss out on this BioTech trade. 🚀 Here it is: Your Free Saturday Setup! 🚀
Just as promised, here is a detailed video analysis on NASDAQ:VKTX Viking Therapeutics! 🧬 This trade meets all the criteria of my "High Five Setup" trading strategy, backed by solid technical analysis. Also, it has the potential to return over 100% on your capital deployed.
With more probabilities on our side, the likelihood of success is through the roof! 📈💥
Check it out, and let’s ride this wave together! 🌊
Stay tuned for more insights! 🔔
NFA
#Trading #StockMarket #Biotech #Investing #HighFiveSetup
A 14% drop in $VKTX and I might still win. Here's why! NASDAQ:VKTX
A 14% drop in NASDAQ:VKTX and I might still win. Here's why!
In this video analysis update on my position in NASDAQ:VKTX , we will discuss why I didn't sell after the 14% pullback and why it's important not to sell based on price movement! Enjoy.
Have you ever sold a stock and right after it flew to the upside?
Sunday break down Possible opportunities I am anticipating for the coming week from DXY to one of my favorite on the watch CADJPY and a lesson towards the end for someone struggling to get away from the charts or improve on there mental frame work and procrastination.
2 bullish scenarios for Delta!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
2 Bullish scenarios for GE! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Bullflag and a zone on CSCO! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
The AUDUSD is still in a bull flag patternI show you the AUDUSD and why I still think buying dips is the way to trade the pair, despite it trading heavier the last couple sessions. I show you a longer term view of the USD index and reference the EURUSD and GBPUSD as well.
This Simple Strategy Could Make You a Fortune in the Gold Marketprice action of Gold Spot (XAU/USD) in relation to the trendlines and patterns indicated.
Chart Analysis
1. Weekly Flag Trendline:
- The first chart shows a trendline forming a "flag" pattern on a higher time frame (possibly weekly or daily). This flag appears to be a bullish continuation pattern, indicating that after the consolidation within the flag, the price might continue in the direction of the prior trend, which seems to be up.
2. Price Action Inside the Flag:
- Within the flag, there is a period of consolidation marked by the parallel trendlines. The price has been respecting these lines, creating higher lows and lower highs, indicating indecision or preparation for a breakout.
3. Potential Breakout Zones:
- Key breakout zones are marked by the upper resistance of the flag pattern around the 2,530 level and the lower support trendline of the flag around the 2,470 level. A breakout above the upper resistance could signal a continuation of the prior uptrend, while a break below the lower support could indicate a reversal or deeper pullback.
4. Smaller Patterns:
- On the second chart (1-hour time frame), there's a more detailed view of recent price action with a potential bearish flag or pennant forming, suggesting a temporary pullback or consolidation within the larger flag. This smaller pattern appears to be within a trading range bounded by the horizontal support and resistance levels.
5. Key Support and Resistance Levels:
- The charts show horizontal support around the 2,433.301 level, which aligns with a historical low that could serve as a significant support level. Similarly, the resistance level is around 2,530, where the price has repeatedly failed to break above.
6. Current Market Context:
- The price is currently hovering around 2,497, near the middle of the trading range, suggesting indecision. This midpoint could be a neutral zone where the price could move in either direction based on upcoming market momentum or news.
Trading Strategy and Considerations
- Entry Points:
- If considering a bullish scenario, a long entry could be planned near the lower support line of the flag, around 2,470, with a stop loss slightly below the flag's support to manage risk. A breakout above the 2,530 resistance could also provide a good entry point for a continuation of the uptrend.
- For a bearish scenario, a short entry could be considered if the price breaks below the 2,470 support level, confirming a breakdown from the flag pattern.
- Risk Management:
- The proximity of the price to both upper and lower boundaries of the flag pattern provides clear levels for stop placement. This helps in managing risk effectively, keeping losses contained if the trade goes against the initial bias.
- Monitoring Price Action:
- Watch for potential breakouts from the smaller patterns within the flag, as these could provide early signals of the larger move's direction. It would also be essential to keep an eye on volume changes, as increased volume could confirm the validity of a breakout or breakdown.
By aligning your trades with these patterns and key levels, you can take advantage of the potential setups provided by the price action within these consolidating formations. Ensure to adapt to new market conditions and stay disciplined in executing your trading plan.
GBPJPY - SHORT: Trade Recap, 27/08/2024Bias Analysis: Daily minor swing at equilibrium and 4H trading out of Order Block. 1H range was bearish with price at a 1H Order Block well within Optimal Trade Entry.
Entry Criteria: 15M protracted counter to my bias, swept upside liquidity and traded deep within the 1H Order Block before an engulfing candle printed.
Grade: High Quality Valid
What I did well or could do better:
- Exercised patience after the first 15M TBL sweep and reversal print as we had a shallow mitigation of the order block with a 1-sided fair value gap resting below.
- Observed the full picture and made a process based decision to enter, full accepting the risk.
- I could've been more mindful of inputting the correct data into my position size calculator as the position was too small.
