This symmetrical triangle formation on the weekly chart of USD/JPY offers an opportunity for a sell trade in case of a bearish breakout. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My take-profit level is shown with the green line. I will set the stop-loss level to the high of the breakout bar...
Like said in the title, I along with many traders noticed this symmetrical triangle setup. Price has recently been stalling between the support trendline and the strong resistance zones; forming a somewhat unclear ascending triangle inside the much larger symmetrical triangle. That with the pair's seeming reversal into bull territory, I have a bullish bias on...
EURUSD still in correction (Symmetrical Triangle), Trade safe!! 65% continuation to the downside
There is no Long/Short bias on this pair based on the setup, however, all GBPxxx pairs are considered bearish in the long run. When price eventually breaks out of the triangle, it will have to deal with the horizontal resistance at 1.2326 and the horizontal support at 1.2087. From there I will probably post another analysis.
S&P500 developed a symmetrical triangle on H4 which could break on both sides but for now i am looking more to the downside.
Waiting for price to breakout, low volumes in the uptrend , it could turn down , watching
Price in Symmetrical Triangle , waiting for the breakout , the long way is referred.
Symmetrical Triangle , could trade the breakout.
EURUSD chart itself self-explanatory, as we have wave count I expect market to give breakout to downside from symmetrical triangle but lets see... If upside breakout happens I will go with tight stops ! check ur rules before trading.. Happy Trading !
Hey Traders! Looking forward to this one too. Great trade opportunity coming if the pair shows a nice impulse and pullback off of the base of the symmetrical triangle and wave-B terminal. From here, I will be targeting the A=C level (pending accompanying price action). When I see the right opportunity, I'll deliver updates. Keep your eyes peeled in the Buy Zone!
Like setup here into next week. Today's trade: xdaystogo.com
Hey Traders! AUDUSD looks to have completed its corrective (B) wave, signifying an upcoming drop. Look for a drop to the .75 level. A conservative target is placed at .753 area. Wave count updates to follow. Happy Trading
This symmetrical triangle formation on the daily chart of CAD/JPY offers an opportunity for a sell trade in case of a bearish breakout. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My take-profit level is shown with the green line. I will set the stop-loss level to the high of the breakout bar (not...
Symmetrical triangle trendline broken to the upside and we now have a small pullback/flag where I have gone long in hopes of a continuation move. More conservative traders can wait for the flag line to break. Good risk reward on this trade.
Here we see a potential for the AUDJPY to break out this triangle formation here, a break from the trend line and an opening of the next interval below the line may see a contnuation of the overall downtrend. This pattern is almost reaching its optimal point, therefore a potential for big movements towards my Target of 71.833. I have added some MACD analysis, to...
UKOIL developing a symmetrical triangle corrective pattern and i am expecting price to go up for the next days/weeks even months.
Infosys 1.04% forming a Symmetrical Triangle on hourly chart. The price action shall breakout from the triangle by tomorrow. Keep a good eye on it to gain out early opportunity out of it.
BTCUSD has developed a symmetrical triangle pattern on H4 and i am expecting this pair to go up for the next days/weeks.