USOIL is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle. Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the...
FX:GBPUSD continues to form consolidation in the ascending triangle format. Bulls are gaining strength and trying to break through the resistance zone 1.2780 - 1.2800. The currency pair is in a global uptrend and according to a number of prerequisites this direction may continue. If we pay attention to the TVC:DXY , we can see that the index does not react...
↪️The 📈EURCHF pair has recently experienced a significant downward movement, resulting in the formation of a symmetrical triangle pattern. However, there has been a bullish breakout above the resistance level, indicating that buyers are gaining strength. This breakout suggests a high likelihood of a continued upward trend...Trade safely
On the Daily chart for FTSE 100, we can observe a massive triangle that was forming in 2023. It started in Februaty and produced a breakout in December. For the past few days the price has been correctign and now it's retesting the resistance of the triangle, now acting as a support. This support is aligning with the 0.382 Fib and the 200 SMA The development on...
Bitcoin BINANCE:BTCUSD continues to consolidate within an ascending triangle. Recently, the market was spooked by strong sell-offs, but, technically and fundamentally, nothing terrible happened. On the chart we see several important nuances: long shadows, ascending triangle, false breakdowns of local support zones, false breakdown of resistance, which is...
* 1D The period adjustment continues while maintaining the upward trend, and is expected to be completed soon and rise again.
Price action analysis for Bitcoin. Important historical structures. Potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️
The 4-hour chart of EUR/CHF is showing a a symmetrical triangle pattern. It can be used for a trend continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width below the lower border. My take-profit will be at the green line, which is located at 100% of the triangle's base width below the lower...
The current ETHUSD weekly is very similar to the BTCUSD daily from the beginning of 2019. It is likely to follow BTC. Fees on ETH are rising, which creates a positive feedback loop as staking revenue increases.
EURJPY managed to violate a neckline of an ascending triangle formation on a daily and closed above that. It confirms the dominance of the buyers and increases the chances that the market returns to a global bullish trend. The next goal for buyers will be 161.2 ❤️Please, support my work with like, thank you!❤️
BINANCE:ETHUSD is trading within the boundaries of the 2383 and 2136 range, but at the same time the price continues to test 2300, which plays an important role in the medium-term perspective On the high timeframe we see consolidation after breaking the resistance of the ascending channel. Consolidation is formed at the intersection of the strong 2300 level...
Price action and chart pattern trading setup > A possible uptrend scenario with ABCDE symmetrical triangle major wave 4 ending E - wave position, just above SMMA200/100/50 week making its way up to the triangle resistance wave D. > Target: Wave projection target breakout triangle resistance from position E-wave as TP1 +30% upside > Stoploss: E-Wave position -8% -...
On the 4H chart for the AUDUSD we are getting a symetrical triangle Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend. After the price created the last major high point, now it corrected down to the previous major high where it's hitting the support range created from it. For higher success...
On the 4H chart for the GBPUSD we are getting a symetrical triangle Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend For higher success ratio, you are looking for a breakout to the up side from the chart pattern as it will align with the general trend Additional factors to take in...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price started to grow in a rising channel, where it broke the resistance level, which coincided with resistance area. But when EUR rose to resistance line of channel, it bounced and started to decline to $1.1010 level, exiting from channel. Also, price...
Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 When price reached resistance level, which coincided with resistance area, XRP soon broke it and rose higher. But later price declined back, thereby breaking $0.6500 level again, and started to trades inside flat. Inside flat, XRP first made fake breakout and...
Gold is forming an Ascending triangle on a 1H chart. The resistance of the pattern is aligning with the recent low points in the price creating a strong resistance range. The development here is important. If the price breaks the resistance, this can fulful the chart pattern and also break above the resistance range, which can push the price up. If the price...
EURCAD is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle. Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If...