CRO could be looking promising against BTC again. The MACD on the daily appears to be about to cross up and we could be looking at a breakout from a bullish pennant. If the pennant were to break out as imagined, it would imply a target of around 850 sats. Looking at a slightly longer time frame, this would form an ABC breakout from a (very dubious) cup and handle...
Watching CAD/CHF for a break out above consolidation - measured move target is just below 70c - approx 40pips 2.4:1 R:R
In the H4 there is a consolidation , its forming a bullish Pennant atm. The Volume is also decreasing thats good for the Pattern. A bullish Breakout above the UPPER Channel Line would be Bullish Move with a Target 8000$ WATCH OUT for the 50SMA on the Daily , this is why we need a HIGH Volume peak for a valid breakout here. AND there is always the possible...
I spotted a pennant pattern on (GBP/JPY H4) there is potential for a nice short or long position I believe we will see a breakout, I will look to enter a few pips above or below. If you like my idea please feel free to like, comment, & share.
I spotted a pennant pattern on (GBP/USD H4)I believe we could see a break out for a nice short or long position, I will look for entry a few pips above or below. If you like my idea please feel free to like, comment, & share.
Price is currently trapped on the is pair forming a bearish pennant kind of pattern. I'll be looking at price to do a false breakout triggering the H4 OB and then the drop. Here's my bias on BTC, comments are welcome.
3 bullish patterns which indicate upward trend I got an average entry of 6222
i see a pennant pattern. what do you see?
Bullish Pennant created in EURNZD. HH and HL shows a quick uptrend before pattern start being made. Four touches between TL, so pattern is valid. Less than 21 days also. We look for a bullish breakout, as pattern is bullish and daily trend also. After the breakout, we see a re-test and entered position in the next candle (moment I saw the breakout). Its a...
EURGBP seems to be very well represented by this pennant. After a very strong up-movement, the price seems to have less volatility, testing several times the key-levels defining the chart patterns. Also the setup with the moving averages shows that the direction of the market is not clear recently and we might have a breakout in any direction. In this situation,...
This is a pennant and represents a pullback from the highs around 1550. It's testing the pattern's boundary and might break out to resume the uptrend which started in June. PS: Stochastic has further to go so an upside breakout is more probable.
ENJ/BTC after strong fundament formed pattern bullish pennant , which is known for a bullish breakout out of it. I really like how the consolidation confirming BK231 as a support at 1D candles and the volume is moving down to the apex . RSI is ready for a bigger move and MACD + Histo showing first buys at 4H . First 2 sell levels looking very possible if bullish...