It looks like price are respecting resistance level with a double top pattern with a nice evening star candlestick in the end. It tried to make a descending triangle pattern previously and failed, now it's trying to make an ascending triangle which I think will fail because the market tends to make repeated actions.
We see Hourly down wedge, which likely will break upside, confirming 4H orange channel
We enter only with stop order- retest. Position details shown in image.
Happy trading All
A very good breakout of N pattern is done in cipla now it retested tomorrow was a good opportunity to buy it .
Buy Cipla at 1067
Target 1079 1100 1200
Sl 1007
Must buy it bse increase its rating
Hey everyone, for some days now I've been seeing a lot of buying opportunities on this pair. So my point of view is a buy(bullish soon). I'm seeing structures within structures making it a potential high probability setup. Stay tune for a possible entry.
Please note it's not a financial advice.
Thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE
My idea for me is a sell (bearish) price movement and price is at the top, basically waiting for a reversal of the trend to the downside (selling opportunities). For me my settings for the entry will be a pending order (sell stop)=$105.540, while s.l=$106.161 first t.p target=$104.250 second=$101.351 PLEASE NOTE IT'S NOT A FINANCIAL ADVISE USE YOUR OWN RR AND...
Pair: USDJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle pattern
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Key Takeaway: Need to see a break of support and rounded number level
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Level needed: need a close by 132.410
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Trade: Short
RISK:REWARD 1:7
SL: 30
TP: 200
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
The month of December is the place to make investment decisions in the Bitcoin market and cryptocurrencies in general (at the time of writing, the main crypto-asset is Bitcoin).
On the chart are marked time intervals for active investment actions, up to 2040.
How to use?
Green Line – time to buy. Beginning of the cycle. This is supposed to be the...
- Based on the Elliott Wave Theory we could draw this chart.
- This shows a possible outcome of 5700$ per Eth.
- AB TIME= CD TIME, a strong correction within this period would most likely invalidate this outcome.
- Possible Bull flag scenario.
Just my view on the coming weeks, do your own research;)
The pair seems to have completed an abc minute wave pattern with the minute wave c of the minor wave 2 an ending diagonal.
We could also see a five wave minute wave i uptrend.
If we are in an uptrend, then we could see a retracement to minute wave ii downwards before going long to minute wave iii.
NOTE: Not a recommendation. Just an opinion.
If you followed my previous post, I mentioned how the DXY (Dollar Index) was in an upward trend. Now that the market has opened again, the bullish trend is more visible, especially with the reverse head and shoulder pattern completed.
If you haven't already done so, it may be a good time to enter the market in Gold and go short (for XAUUSD ONLY). XAUUSD has...
Since july, Vesper Finance shows a slowingdown downtrend, and looks ready to reverse after a flat stage, probably accumulation.
You can see an inversed Head & Shoulders just breaking by the upside at the moment.
--> Perfect place to take a position.
If price confirm the break out and BTC don't nuke, we're going to 20$.
Want to learn from the bests and see...
Cake As for the falling wedge/ bullflag after 6 weeks in an uptrend. Confirm break out before entering. Targets work while using technical analysis and pattern trading. Short term, mid term and long term targets.
