BINANCE:SOLUSDT is in an interesting area where it could go either way. Upside target on the bigger pattern that has been running all year is around 34 (Fibonacci number). There is a CIT window on Friday 21st April so if we get a retracement back to 22-23 area that will set up the move higher. There is also the possibility of a deeper correction back down to 15...
Overall structure is bullish(currently)but the market iscorrecting which means there's still room for higher highs within the expanding pattern there is a bullish Flag which is setting us up for a bullish moment which then is confirmed by market behavior (impulse,correction&impulse) and for the fact that all this price action is happening above the support I've...
It had a clean impulse on the daily chart. Now with 61% retracement done, it would be a good idea to consider Wave 3. Momentum Indicators are bullish on the weekly chart and it has taken a support from 40-week EMA. The candlestick is a hammer pattern as well. Classic example of resistance turned into a support or in other words, breakout and a...
CADCHF reached a key daily structure support last week. The price formed a cute doji candle on that. Analyzing the intraday time frames, I spotted an ascending triangle formation on 1H chart. Its neckline was broken, and I bought the pair on a retest. Goals: 0.671 / 0.672 ❤️Please, support my work with like, thank you!❤️
With a confirmation, we will be entering our long entry following the basis of inverse head and shoulder where liquidity is high and the price has unfairly distributed (FVG) and simply because the market is on a bullish trend
The head and shoulders pattern is a well-known chart pattern utilized in technical analysis to anticipate potential reversals in price trends. It derives its name from its visual resemblance to a head and two shoulders. Typically forming after an uptrend, this pattern is considered bearish and indicates a potential reversal in the market. Here are the main...
The double bottoms pattern is a common chart pattern used in technical analysis, including scalping strategies. It is a bullish reversal pattern that can signal a potential trend reversal from a downtrend to an uptrend. - In scalping, traders aim to take advantage of short-term price movements and generate quick profits. The double bottoms pattern can be used...
Will WOOUSDT repeat the previous pattern for a massive bullish attempt of around 17% ?. If the instrument close above 0.2255 , will be a nice buying option.
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
🐸 RSI (Relative Strength Index) divergences refer to a technical analysis tool used to identify potential trend reversals or continuations in the price of a financial asset. RSI is a popular momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100, with values above 70 indicating overbought conditions and values...
🗣️ The rising wedge pattern is a bearish chart pattern commonly observed at the end of an upward trend in financial markets. It signifies a possible reversal in the trend and is the opposite of the bullish falling wedge pattern, which occurs at the end of a downtrend. Traders interpret the rising wedge as a period of consolidation following a...
The rectangle pattern is a well-known technical analysis pattern that can be a valuable tool for traders. It consists of horizontal lines representing significant support and resistance levels, indicating a period of indecision in the market. This pattern can be effectively traded in two ways: by buying at support and selling at resistance, or by waiting for a...
Ouch! That doesn't look good. Today opened with a gap down that bulls failed to completely close. Now here we are after close threatening a particularly nasty looking head and shoulders topping pattern right off my diagonal supply zone. I don't like this at all! That gap above at 437.25 is going to be problematic for the bulls after the failed fill today. Fill...
TVC:USOIL After the Gap up on Monday we got a nice retracement back to the 61.8% level yesterday followed by a 200 point rally. Now there is the same pattern on a smaller scale but the same set up. if it holds above 71 then the intra-day upside target is 73.00 but there is a chance that on the higher TF we could get to 78.00. See how this one plays out. I...
Waiting for a retest of 1.26797 to long GBPUSD back to Daily key level at 1.30000 If you agree drop a like and if you have any questions leave a comment :)
OANDA:XAUUSD FOREXCOM:XAUUSD Gold analytical series, Episode 14 Hello Traders, checkout my previous ideas. Don't forget to risk-free your positions. Please share ideas and leave a comment, Let me know what's your idea. CrazyS✌
This is a high probability trade, according your risk you can take SL and targets.
A pattern has formed on the USDINR chart with a flat resistance top at around 83 and a rising trendline with gradually higher supports. It could be identified as an ascending triangle pattern. A breakout in either direction could increase momentum and open up a range of about 3 rupees. Keep watch.