Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: On the Bitcoin chart there are actually only three lines which you need to draw: First you have a horizontal structure at $16.000 which Bitcoin perfectly broke towards the upside with the last cycle in 2020. Furthermore Bitcoin is creating an ascending...
Set up wasn't respected, although it stop out on the second entry( the scaling in trade).
Update for AUDUSD: after a correctional bullish movement, I see the signs of strength of the sellers on an hourly time frame: the price formed a descending triangle formation and broke its neckline. I expect a bearish movement to 0.6417 / 0.6405 ❤️Please, support my work with like, thank you!❤️
With the previous trade taken taken yesterday got a chance to make a scale in, and this further goes in line with the trading plan of scaling in only when the previous trade is in profit.
The EUR/AUD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a triangle pattern. Potential Short Trade : Entry: Below the broken support line of the triangle, ideally around 1.6570 after confirmation. Target Levels: 1.6477: This represents the height of the triangle, measured from the apex (highest or...
Hello Traders and Investors, today I will take a look at AMD . -------- Explanation of my video analysis: Back in 2022 AMD perfectly retested the previous all time high which was turned support after AMD stock broke it towards the upside in 2020. Furthermore AMD stock also created a bullish symmetrical triangle formation and already broke out towards the...
BTC/USD Technical Analysis Timeframe: Daily Bitcoin created all-time high again. We can see in daily TF a symmetrical triangle formed and valid breakout happened. Now we are expecting downward moves to the SUPPORT ZONE.
FX:GBPJPY is preparing to continue its growth amid the strong weakening of the Japanese national currency. Japan's central bank has been underperforming and is not about to do so. The strong bullish trend in the currency pair may be continued. There are no prospects for a trend change. The key target at the moment is 195.844 On H1 it is worth paying attention...
A break of structure, trends in trends, down trend within another down trend which it broke and made a retest and support level. Going with the triangle set up.
Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price started to rise in the upward channel and soon reached the buyer zone, but then it rebounded and little declined. After this movement, the price continued to move up and soon broke the 2265 support level, which is located in the buyer area. Next, XAU rose...
We can attempt to buy CNERGY if it gives breakout of above trendline of symmetrical triangle pattern , target would be 6.3 . We can attempt to short CNERGY if it gives breakout of below trendline of symmetrical triangle pattern , target would be 2.61 . Currently We can use wait and see approach and act from specified level.
A trade according to a proven and tested strategy, I like to call it triangle set up commonly known as the break out structure. Took a sell after a retest at a resistance area, and made a double top for further confirmation.
Set up wasn't respected. As planned, a retest was made in the significant level, which was part of my trading plan however, it didn't go into play.
this will complete symmetrical triangle pattern and once breakout, it will fly Targets possible: 1360-1490-1590-1690-1780 Disclaimer:- Please always consult with your financial advisor or do your analysis before taking trade
In this chart we have observed a Ascending Triangle formation we lead towards a upwards breakout. we have place three entry points if you forget to take an entry. TP = 24.22 Entry = 22.55 , 23 , 23.20 SL = 22.38
The GBP/CAD pair on the M30 timeframe presents a potentially interesting situation with a bullish channel breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the channel, ideally around 1.7170 after confirmation. Target Levels: 1.7244: This represents the height of the channel, measured from the apex (highest point) to the base...
Sometimes, you have to see the things from a different perspective, the chart of Gold against major currencies, writing this on the chart: "" TVC:GOLD/((FX_IDC:CHFUSD+FX_IDC:EURUSD+FX_IDC:GBPUSD)/3) "" you can observe that the price has successfully broken out from a long accumulation inside an ascending triangle and that it's about to break the all time high...
swing trade perfect symmetrical triangle long term opportunity take trade according to own risk this is not call just a analysis.