I'm long on OANDA:XAUUSD with tight stop loss as previous daily candles are showing a notable bullish sentiment. Next resistance line @1814 where I will move my stop to breakeven. Major target is @1860.
A possible rising wedge is under development on IOTAUSDT. Usually this shows signs of weakness and could be an early signal of trend reversal. If price manages to break through February's 1.500 zone the wedge could start to complete thus letting price fall to 1.250 as first support level. A divergence on the Elliott Wave Oscillator is also a sign of exhaustion....
The cross pair is showing bullish weakness and chances are price action will dictate bullish sentiment based on a touch of upper trendline. Rsi and PA are diverging thus strengthening the bearish sentiment. Trade settings are shown on the chart. Stops will be trailed according to PA.
A rising wedge is completing its formation with a regular bearish divergence hinting for price to push lower in the upcoming days. This confluence could mean current bullish force is having hard time pushing through the first resistance level.
As mentioned in my previous idea (see attached link below) CADJPY looks is on the way to reach an important resistance trendline. A bullish flag is about to form meaning price is possibly having a break before continuing north.
A similar breakout pattern formed back in 2018 and by this month a same but shorter divergence is about to form with a probability of price - though with a much lower volatility - to break through the upper trend line.
A bullish divergence is forming with a confluence with price bouncing inside a parallel channel. The elliott oscillator should turn green with minimal time lag between its value going above 0 and price breaking out of the channel. For now i'll stand aside and watch for possible confirmation.
even though a symmetrical triangle always carries a 50% percent of price breaking out to the south or 50% to the north, the first candle emerged to be a bullish one. Boeing has many room to the upside so I entered a long with a R/R close to 1 and eventually will trail my stop if this stock will keep showing signs of appreciation.