Spotted potential inverse hed and shoulder pattern which should stand for a corrective pattern after the bearish cycle on GBPNZD completed.
This pattern show case opportunities for both long and short.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS
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H4 I'm looking for the larger correction up in X before we get Z down. Wave Y is very close to the 161.8fib extension.
H1 we broke the low so I think were in the Z down with bullish divergence forming. wait for impulse up breaking yellow TL and bullish flag to confirm more upside to come before jumping in to the buy (see H1 pic) targeting the 38.2fib retracement ...
Look at TSLA chart we all see from 2011 up to now we seen 2 accumulation period and after that this stock has very good growth when break important resistance.
This is good company and stable profit with who want to invest in long term.
Now we will wait this stock break up 390$ and you can buy and hold for middle - long term
Good luck all you guys !
hey traders, on pound yen we have a nice double top to trade.
the support is recently violated so the selling order can be opened.
Targets are based on structure.
You can also add a third target for further continuation.
This is an update to my bigger picture short Idea:
When I posted the above Idea, wave 4 correction was just starting.
As wave 4's often do, it consolidated and then formed a bear flag.
Today some bad econ news out of China started the final leg down.
=> Firstly, well done to all those who managed to make their slice of the pie on our previous Oil trade. A monster move with our stops holding by crumbs before an almost -40% move to the downside.
=> See attached for those wanting to read in detail the macro and fundamental rationale behind the move.
=> For this latest idea here we are tracking two things; either ...
=> Some key updates here on the EURUSD front since the ECB this week.
=> For those following our ideas, you will know we were expecting a dovish ECB which came inline. The way we chose to play this was a buy rumour sell fact with a short squeeze.
=> This was an attempt of outsmarting those reacting late to the end of QE. This has not played as we expected and ...
This could drop one more time, so don't close shorts yet, but If you decide to open a short here, be prepared for it to go against you.
I closed my previous short already. Holding some as a hedge since I believe long term 3k is not the bottom, but I have bought a small amount and will add once we drop more.
I believe there will be a move up once this completes. ...
We have published a detailed forecast and technical analysis yesterday. - See Attached -
After testing 52.70 Crude Oil prices dropped 2 USD triggered by the EIA Inventories Data.
As we have mentioned before 50.20 was a strong support.
The double Bottom formation has been completed. Crude Oil broke the 52.70. The target of the formation is 55.20.
53.13, 54.91, ...
Buy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell when you get some profit. Good Luck!
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Here you go pedes, right in front of your eyes, let the magic (whale) show begin!
Merry Christmas, and a joyous/wealthy 2019 to all you good boys and girls. The greedy who are waiting for sub $3,000 to buy in (90% of retail traders) will get lumps of coal and short squeezed.
Great breakout candle form the triangle pattern marked up!
Shorting @ market price 1.12921
Stop loss just above the recent high at 1.13708
Take profit as projected by the symmetrical triangle @ 1.10388
Don't bet the farm, always exercise good risk management
Bitcoin sitting at triangle apex. Could break either way but looks like a bearish pennant to me which could take us below our weekly SMA200 before Christmas. We have hidden bearish divergence on the 3H MFI so this could break to the downside. TP targets set by using 138.2 and 161.8 fib extensions from the pole height and height of the pole itself taken from the ...
As you know, when it comes to technical analysis, I’m mostly focused on the study of Gann’s works and their application in the cryptocurrency market.
I’ve already devoted 4 publications to this subject, and it’s just a beginning. The works of this genius are so vast and versatile, that one can write about them for a long time.
My goal ...
Analysis is on the chart. Looking for a reversal in the red zone, for a conservative entry, wait for the bullish channel trend line to break then short on the retest...looking for that 61.8% as a take profit.