Wait for a re-test on previous consolidation area to confirm the breakout but this is looking pretty awesome so far! $SFP LONG signal right now!
Shorted after the swing failed the highs, Almost we are close to the daily candle close. Its a good daily level.
Hello everyone! I want to draw your attention to SFP. After a local correction, the asset began an upward movement, thus forming an ascending triangle pattern. Pay attention to how the price reacts to Fibonacci levels within this range. The target for this trade is $0.6. This is not a financial recommendation, and everything you do is done at your own risk.
In the basic trend of the coin a downtrend channel has formed. The price is now near the medium of that channel. In the secondary trend we have pumps from time to time. From the last pump a downtrendline has formed in the secondary trend. In was broke out and retested. Shown on the chart. From that breakout a symmetrical triangle started to form. The basis of...
SFP on Strong Trendline Resistance Wait for Bounce or Breakdown
Check notes on the chart. 1) Bearish Rising Wedge 2) Descending Triangle 3) Ascending Triangle Expansion Creating CME Gap, aka Futures Liquidity Gap. (These almost always get backfilled.) 4) Current Pattern, Bullish Ascending Channel. We had a fake out to flush the longs, and create liquidity, and to backfill the CME Gap. All other narratives are fun stories....
Buy Zone 0.203 - 0.2425 - 0.2724 Sell Zone 0.5 - 0.6076 - 0.7637 - 1.4 Trend 1W - SELL 1D - SELL 4H - BUY
EIGHTCAP:EURCHF We have a nice reversal setting-up on EURCHF so I'm watching for price to possibly pierce a previous swing low, which is at ATR and the bottom of the wedge, and ideally close as an SFP. My target will be today's ATR hight to close the position before the weekend. Enjoy, The Meditrader
EIGHTCAP:GBPUSD GBPUSD is currently trading within a range, which is ideal conditions for swing failure patterns. I'm looking for continued downside price action into the 1.19226 swing low to test that level and probe liquidity. This also lines up with the ATR which should add a strong additional confluence, in addition to the 3rd push wedge which will have...
Liquidity swept from the left SPF created New lower low created FVG created Entry at 0.5 of FVG SL above SFP
EIGHTCAP:US30 Here on the 4 hour chart, we can see price action forming an expanding wedge. Knowing there is are still imbalances to the upside that are likely to get filled before any more dramatic moves down, I'm looking for the bulls to take control around the ATR of 33189 where I'll be bidding this market. This area will be the 3rd push on the wedge, meeting...
Seems Like Sfp Getting ready For Another Massive Bounce Testing Major Trendline In daily Timeframe Incase Of breakout Expecting 100 To 120% bulish Move
EIGHTCAP:US30 Of all the patterns I've traded, the trend line breakout, especially on the US30, has been very consistently profitable. When I see it being formed, my bias begins to shift in that direction. The US30 is currently forming a flag, with indecision and growing tension being expressed from market participants. What I'll be looking for, as a follow-up...
EIGHTCAP:USDCHF Last Friday's daily bar closed as a shooting star, indicated bearish sentiment. On top of that, it also finished as a SFP (Swing Failure Pattern) from a previous swing high, another bearish confluence. I'm expecting a run down to the previous swing low which is where I'll be taking profit. Entry is at an imbalance and stop is set above the most...
Taken a short after swing failure of last high into top supply zone.
SFP has been consolidating in a Darvas box since May 2022. It is breaking out and could reach 50% target. First, the "Trendline 1" must be broken, which would be a trigger to break also the Darvas box. Target will be the next weekly resistance (50% profit from breakout point eventually). The SL should be below the MA 200D.
Keep on eye on this one , wait for an retest the major trend line ... or wait to exit the parallel chanel and retest!
Buy Zone 0.2237 - 0.2691 - 0.2996 Sell Zone 0.5964 - 0.6719 - 0.8458 Trend 1W - SELL 1D - BUY 4H - SELL