Price has formed a ascending triangle with resistance being a major level price has bounced off once before and if it bounces again now I'm expecting it to go down and break the lower trendline A retest of the TL will add extra validity to the trade meaning it is a good idea to enter short
ENTER 31.22 STOP 31.05 TARGET 32.94
price formed an ascending triangle and broke in direction if impulse retest is expected to enter short
-Daily Chart -Forming Ascending Chart -Watch for Breakout to Previous High
EURUSD formed an ascending Wedge on the M240 timeframe. Wait for the breakout for a possible downmove.
-Reaching strong Resistance at 17.72 -Prices are trading in a Ascending Channel formation -Prices have dropped from this level in the past -Very likely prices will drop to approx 12
Support @ 2.64 forming ascending triangle. Possible upside 3.48
Testing the Trendline and the 50.00% Fib and as you can see it's forming HL on the 4h chart. Watching how market behaves the next hours and if it doesn't break => Long position
Since we've hit the Weekly resistance and hit the TL , we have have a ascending triangle. Beter wait for further confirmation. After the strong bearish move we have formed newer HL and HH on the daily. Either trading the bearish breakout or waiting for a bullish movement to enter whenever it should cross the weekly resistance. But for now just observing...
Double top at a weekly resistance level on the 4h chart. The daily is a fake breakout to the top therefore bearish movement expected. Entry would be 116.434 and the stop close above the 0.00% Fib level. The acending Triangle could be a possible retracement entry if it breaks out properly.
Currently watching AUD/CHF as I expect a downward move to break a multiple time tested trend line and 200 EMA. Price is forming an ascending wedge (bearish reversal pattern), MACD showing bearish divergence. Still early to enter short, I will wait a break and retest of trend line and 200 EMA.
A clear ascending triangle is developing on the 4H chart for EURNZSD Usually ascending triangles breakout higher, but we will wait for confirmation of a breakout in either direction before entering a long-term trade. In the short-term price is bouncing higher from the low of this triangle for a nice long towards the top of the triangle.
If it doesn't break out the triangle soon, this thing is going down
EurGbp, on the daily chart - head and shoulders in the making! 4hourly chart - Ascending channel = bearish implication Sell EurGbp and target brexit gap
SPHS is in a multi-year ABW and with the latest partial decline, in addition to other important fundamental and technical factors, it will likely breakout upwards - To infinity and beyond!!
Note : (i) Ideally, Ascending Triangle pattern should break upside (ii) At raretimes, we can get downside breakout So decide depending on breakout with proper stops ! Happy Trading !
2 Ascending channels formed - Note how the first technical break occurred and retested that channel twice. Second Ascending channel not yet broken. Ascending channels is a bearish implication. A break below Ascending channel 1.1060 would expose 1.0550
We have ascending channel against the very strong impulse. We gonna have very huge potential trade towards downside. I am expecting breakdown small corrective flag against the impulse in the channel. If we see breakdown of this small corrective flag then possibly we may see breakdown of this long standing channel. In case price breakup this small corrective...