STEEMBTC is trading near the support zone, and there are two similar 2-day candlestick pattern formed recently (see chart). Trading idea: wait for a retracement and buy at 15000 - 15300 Sats, and sell at 17390 Sats. Put a stop loss below 14000 Sats.
The Ascending Triangle chart pattern is spotted on EUR/USD daily chart. The Ascending Triangle is a bullish reversal pattern in a downtrend, which means the direction of the breakout is upward. Also, 70% of the time, the breakout of this pattern is upward. So, in this case, I would go for a long setup.
A Bearish Engulfing pattern is spotted on EUR/USD daily chart. after a short-term uptrend. A long legged doji candle was formed after the pattern to show that there was an indecision in its direction. It also retested the 1.09705 resistance area and failed to break the resistance level. I would enter a short trade for this pair. My setup would be an entry at...
EUR/USD is trading near the current resistance area and may break out of its resistance level. As I trade based on price action, my long setup would be, entry at 1.0889, first T/P at 1.1032, and S/L at 1.0746 for a 1:1 risk/reward IF the pair breaks out of that 1.08410 resistance level.
A three-candle line pattern that looks close to the Stick Sandwich is spotted on the EUR/USD daily chart. According to Bulkowski's chart patterns, "The candlestick is supposed to act as a bullish reversal in theory, but actually performs as a bearish continuation most often." Since the overall trend is still downward, I would go for a bearish setup.
EUR/USD broke the support line of the symmetrical triangle pattern last Friday but retraced to the support. This could be a retest of the broken support and the trend may continue since the overall outlook of the pair is still bearish.
A downtrend move may continue as a possible Bearish Pennant pattern is spotted on EUR/USD daily chart. The pattern indicates a brief consolidation before the trend continues. If it breaks out, the movement (price target) for this pattern is usually the same distance as the height of its flag pole.
Based on the daily chart, it looks like a double top chart pattern is forming. Also, the 100 SMA has acted as a support before, and it might do the same again this time. If the pair manages to break the 100 SMA line, the next support would be the current support at 1.3480 area.
The EUR/USD broke the 1.3670 resistance level (now it's a new support area) as well as the 61.8% Fibonacci retracement level. If the pair keeps heading up, the next logical target is the 1.3810 resistance area.