BTC is currently forming Diamond Pattern for continuation as previous trend.
Trade: Wait for a breakdown of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation.
Target:The prior range before "Diamond" formation is the target from the breakdown level
Stop: Place a "stop" order above the high of the "Diamond...
BTC is forming Head and Shoulders along Descending Channel. It is confirmed that price moved with heavy volume on left shoulder and head formation.
Trade: When the price closes below the neckline, a potential short trade is signaled. Short one tick below the breakdown bar's low.
Target: Vertical distance between the "apex" of the "Head and Shoulders"...
EURUSD is giving a signal as below for Sell,
1. It tested and bounced down on upper trend line of Falling Wedge
2. MSH was formed and gave us to signal to Sell.
Trade: Sell because price closes below the low of the third candle.
Target: One is to trade until another MSL forms near a key significant level.
Stop: Place a "stop" order above...
As you see BTC is making symmetric triangle and everyone is waiting clear breakout/breakdown.
"TO BE SIMPLE IS TO BE GREAT" By Emerson.
Most triangles result in a clear breakout and breakdown in the direction of the prior trend. So it has higher probability to go down.
Trade: Enter trades only when "Symmetric triangle" breakdowns are confirmed by...
ETH is forming MSH and going for confirmation below breakout bar.
Trade: Wait for bar below lower low bar.
Target: Swing low of prior to the MSH pattern.
Stop: Above Higher High bar.
ETH is probably go down and forming Trader Vic's 2B Sell Pattern.
Trade: Wait for Sell Below line to be broken and closed below.
There is a Trader Vic's 2B Sell pattern is being formed.
1. Trade: Sell setup below the breakdown bar.
2. Target: Swing low prior to the new high bar.
3. Stop: Protect sale above higher high.
BTC is forming Reversal Head and Shoulders and Trader Vic's 2B Pattern at same time. Both patterns are being formed and waiting clear break out bar above neckline and also line called #3.
Trade: Wait for clear breakout above neckline and line #3 both.
Target: Distance between apex of H&S and neckline for H&S or swing high before pattern for Vic's 2B...
BTC is making possible Adam-Eve pattern.
1. Trade: Wait for clear breakout above neckline and after it is confirmed BUY.
2. Target: The target can be set at the previous swing high of the first swing in the "double bottom.
3. Stop: Protect trades using the pattern low for "long" trades.
XRPUSD is forming Reversal Head & Shoulders pattern.
Trade: Wait for clear breakout on the slanted neckline and trade when it is price closes above neckline.
Target: Vertical distance between the "apex" of the "Head and Shoulders" pattern and the neckline.
Stop: After a trade entry, if the price closes below the neckline, a potential failure of the...
For NZDUSD, Symmetric Triangle has recently made Clear breakout.
Trade: Wait for Retest on Support level to BUY.
Target: Most "Symmetric triangles" result in 100% of the depth rise of the entire triangle range in the direction of the breakout. Partial trade exit targets are set at 50% of the depth from the trade entry.
Stop: Stop below the first major...
There is bearish flag pattern is formed after 2 months bullish channel.
Trade: Wait for clear Break down below lower trend line of bearish flag.
Target: Target is set down to the same length as the previous swing high of pattern.
Stop: Protect trade above the higher high candle of the flag.
EVE-ADAM pattern which is variation of double bottoms, is formed here.
Trade: Trades are entered in the direction of the breakout of the middle spike between "Eve and Adam" structure.
Target: The targets can be set at the previous swing high of the first swing in the "double bottom." Subsequent targets would be set at the next higher swing...
Trade: Enter a "long" trade above the high of the breakout bar at neckline level.
Target: Target is set at the pattern high for W-Pattern
Stop: Trade is protected with a stop loss below the last swing low.
1. A trend line "breakout"
2. A "test" and "failure" of the previous "low" after the trend line breakout.
3. It is testing previous swing high and maybe breaking out it soon.
Target: The target is placed at the "swing high" prior to the "new low" in 1-2-3 "bullish setup."
Stop: below the "swing low' in a 1-2-3 "bullish setup" for long trades.
Rectangle Channel is being formed for OIL/USD.
"Rectangle Channels" are continuation patterns. Rectangle channel breakouts in the trend direction are more reliable than breakdowns against the trend. There is a Strong 5 months Support is helping upcoming trend.
Target: The width of the "Rectangle" channel usually defines the resulting target move. The...