EURCAD is developing a bullish pennant pattern and i am looking for a breakout to buy this pair.
Signals: breakout of inclined resistance pennant gap Buy 97.00 Stop 92.94 Target 107.00
Signals: multibottoms pennant breakout of inclined resistance Buy 35.30 (breakout of top pennant's line) Stop loss 33.85 (-1 tic pennant's low) Target 40.00 (sizing) R\R ratio 1:3
The bullish pennant on the weekly chart of XAG/USD offers an upside breakout opportunity. The pennant's borders and its pole are marked with the yellow lines. My potential entry point is at the cyan line. My potential take-profit level is at the green line. I will set the stop-loss order to the low of the breakout bar (not shown). More information, chart...
USDJPY short term idea. Buy Now as I have found a pennant at this zone also it is nicely supported by fibbonacci levels. Break expected.
Here is a possible idea on what EURUSD might do in the next days.
Just so you guys know there is a pennant forming on the 4hr dxy chart. If price breaks, and TESTS THE POINT IT BROKE.. it should continue to trend in that direction. So lets see what happens from here. If a complete break does occur, you know what to do with your pairs.
A pennant formation has appeared and will probably break up within this month. The target price is around $1070, which is close to the last historical top. It coincides with the sum of the breakup price and the height of the the flagpole.
Favorable to Short Term trend: AUDUSD has constantly for past few session rejected .76639 levels.. so assuming if downward trend continues from partial rise.. A Pennant formation - breakout confirmation from here (another long red candle below pennant) should give us a measured move to .75553. Red dotted lines are Resistance level. Green lines are support...
I have posted the educational chart few days ago that how to trade penannt . You guys better know now about this pattern now. take ou decision wisely.. Good Luck
I've been watching this pair for the last week or so, following a simple set up of a bear-flag/pennant formation with a profit target of a 127 ext or a simple 1:1 ratio (trailing stop to reduce risk). This strategy yeilded 70 pips this morning alone for a decent profit and I believe there is still plenty of downside. The key here is to trade WITH the trend...
There is a bullish pennant formation on the 60 min. I'm looking to get long at 1.1159 with my stop at 1.1145 and my target at 1.1280. There is also a Bearish Bat pattern on the Daily. It completes at 1.1369. I will have my stop at 1.1445. I have two targets one at 1.1200 and the second at 1.0990 with trail stops. Good luck trading out there.
I hope the chart explains everything ! Thanks for your support..Happy Trading !
After the huge rally, the price is resting and formed down-slopping pennant. I think there a good chance to buy some contracts here when price close above upper trendline. SL somewhere near to last valley.
Buying the bullish pennant before the break, because of the fantastic risk/reward. Risky with no confirmation.
During monthly and local inclined resistance levels' breakouts double bottom with approval have formed and very probable pennant is forming now. Our recommendation is to buy. Entry point 34.50 (enter the position only after the break out of top pennant's line) Stop-loss 33.53 (-1tic 33.54pennant's low) Take profit 40.00 (according to strong resistance...
The bullish pennant on the daily chart of XAG/USD offers an upside breakout opportunity. The pennant's borders and its pole are marked with the yellow lines. My potential entry point is at the cyan line. My potential take-profit level is at the green line. I will set the stop-loss order to the low of the breakout bar (not shown). More information, chart template,...
Price created a falling pennant after strong uptrend so it is good oportunity to buy if price will hit previous trendline and support area. Good Luck