For bitcoin we can see that the daily moving average has been respected many times. As for as the ascending black trendline goes, sometimes corrections get bigger and go beyond trendlines. For this, I'm looking at the daily moving average as it holds more value.
Also, the correction we're in looks like an ABC parallel bull flag. Keeping a close eye on this!
EURJPY reversed from the third touch of the bigger pattern in play and there was a short entry already from the top.
The next best place to enter is after the break of the ascending wedge and a retest. Will update closer to the time,
EJ has produced some great setups over the last couple of weeks as the overextended bullish cycle continues.
We can see a couple of great B&R setups. Will price continue to target the previous highs and form a double top? Will we see some retracement and bears sitting at this level?
As mentioned previously, this pair is currently weakness vs weakness.
USD/CHF - 4HR Chart
Price has been trading in this ascending channel. Not long ago we saw 6 year lows on this pair. We have remained bullish on the USD throughout.
Price is testing the topside of our structure. Will we see a breakout to the upside or a retracement before another bullish push?
Clear bullish trend. Expecting price to continue going to the upside as there hasn't been any break of trend so far. Higher highs, and higher lowers have formed too (3) extra confirmation to expect a continued bull run
hi all as can see ive made this chart and feel it could be very bullish once we reach the bottom of pattern, or could bounce of 200ma around that area , something to watch , if im right then expect big gains, thanks for checking this out
$ETH is forming an ascending triangle on the 1H timeframe, succession of higher lows and repeated tests of the resistance around $602. If resistance breaks we'll be looking back up at the high of $635.70, stop losses in place beneath the ascending trendline incase of a breakdown.
this one is nice and simple. A break of this structure gives Fib extension targets that sit directly on the daily channels bottom... Coincidence? i think not...
I'm looking for a break of this rising structure to confirm this trade. Not the biggest trade in the world, but will give a very tasty RRR is it does break and give entry.
STMXBTC 1D. Embarking its price action within the constraints of a neat ascending channel. Price has retraced to and closed at a reliable trade off Fibonacci level and within the bounds of the lower trend line. I have no idea what this coin does so I had best find out. Might get some rapid fluctuations with this coin...It's cheap! Buying here and setting a sell at...
This ascending triangle has formed on the EURUSD chart.
A break out through the resistance looks like it has happened.
Now just to wait for the retest.
SL will be just under the resistance and TP will be the length of the largest point of the triangle.
Although we may take some profit before that happens to to guaranty our self some pips.
Ignore the arrows, that...
Easy to read pattern on our Euro British Pound trading view chart with an ascending channel showing both support and resistance on multiple occasions since the start of August. We are looking to enter a long here for the Euro to strengthen up towards 0.933 area and potentially break out above depending on Brexit headlines at the time of meeting...
Note the following from my 15m chart:
A) Iota is currently in an ascending triangle (uptrend). It is also running out of space and looks like it will break around 4pm EST.
B) The 50 day moving average is currently acting as a support.
C) A cup and handle has formed which is a strong indicator of an up move.
D) The key here is the purple resistance line, it...
weekly chart is showing usdcad in a bullish flag pattern.
daily chart shows that usdcad entered an ascending channel which broke out and retested the trendline.
however enter at your own risk as NFP is due on a Friday so anything can happen.
Here on the monthly time frame price is creating a squeeze an ascending wedge. Inside this wedge we have another ascending wedge forming on the daily time which is marked by the blue trend lines. I have also marked out monthly zones and we are nearing an area with a lot of sell sensitivity.
The arrows also show where price has touched the trend line.