Nice bow draw reversal back into wedge. Pos divergence and %R both say up. 200 MA just above, 8, 20 and 50 just below. We'll see.
So whats XAUUSD gonna do ?? We have wave completion with symmetrical triangle which is preparing itself for breakout, so keep this in radar to catch the trade. As always check your risk-reward before entering any trade.. Thanks for your support..Happy trading !
AUDUSD has developed a symmetrical triangle on H4 ahead of the NFP numbers.
Trading opportunities from a symmetric triangle, providing us with the opportunity to trade a break below or above the resistance/support. My opinion : Further downward pressure on oil will cause the USD to strengthen against NOK (Norwegian Krone) due to Norway's economic dependancy on oil prices. This will cause a break above the triangle and hopefully a profit...
Hey Guys, We have symmetrical triangle pattern in USDJPY, wait for the breakout side confirmation then take the trade. Don't get trapped in false breakouts, as markets are volatile false breakouts are possible. Whichever the direction it breaksout we have great number of pips to be gained in this pair. Hit likes if you support the idea.. Thanks, Happy Trading !
This is a very simple Symmetrical Triangle continuation pattern. Wait for prices to push out of the triangle, then wait for prices to bounce of the 0.618 level noted by the lower horizontal line. The Take Profit should be the level noted as it is the 0.618 retracement of the early 2016 high to the May low.
I see a triangle here after the break out of the head & shoulders formation formed over the last days. I think the chance of a break out to the top is more likely so I will stay in my trade I opend at 2083 and wait what will happen. If it breaks out to the upside I assume the targets of 2108 for the triangle and for the head & shoulders formation around 2115. I...
EURCAD D1 Symmetrical Triangle, break out either direction Broadening Wedge Inside Triangle which usually Sells Off 55% (Bulkowski ) 100 and 200 ma crossing suggests Down Trend Right now price is stymied by 100ma on WK Volume needed to push lower. Price resistance above by 50 ma. Volume needed to move lower. Historically in downtrends price remains below 50ma...
This pair is looking very bearish. Will wait for two consecutive bearish candlesticks to post before entering a short trade once we have broken the symmetrical triangle trend line. Trying to stay away from EUR & GBP currencies in the anticipation of a high volatility market over the coming days and weeks. Will keep my eye on this one to see how it progresses.
CAD/CHF looking bearish, retesting 4H lower trend line support of symmetrical triangle. Will look for a breakout and then look to hit targets as shown above. Pair could also bounce, so will seek confirmation on Monday before entering this trade.
Bear flag and symmetrical triangle is the same target. The symmetrical triangle usually forms during a trend as a continuation pattern and typically breakout in the direction of the prior trend.
Sell FX:AUDUSD after break out blew Symmetrical Triangle Consolidation for last 7 days, which created a perfect symmetrical triangle. So, price could break out above the desceneding trendline or break below the ascending trendline. Because market sentiment if Bullish for USD; I will sell if price breaks below ascending trendline Daily Last Candle closed inside...
AUDJPY Sell Setup Symmetrical triangle 240pip (4 decimal) or 2400pip (5 decimal) FX:AUDJPY