I just exited my GBPAUD Bear TCT. The reason I exited is because my Trading Plan says all Breakout Patterns take priority over all other types of trades. GBPAUD is forming an Ascending Triangle.
Typically these patterns occur after a long heavy downtrend and mark the temporary bottom. There is so much room to the upside for a market correction. Also it's...
Looking forward on what this pair gonna do in the next days,it developed an ascending triangle pattern which suggests that gonna continue up but after Friday rejection we might get a bigger correction, will try and update this one as we move on.
In AUDUSD we have ascending triangle formation, on simpler logic after every consolidation there will be a good move which happens out of breakout. I'm not strict elliott follower, I just use that for my analysis to support the decisions I'm gonna make, not to determine direction also. Sometimes rarely I used that to determine direction of Market. Its just My...
Hey traders here's a hard version of the trade I showed you in today's video (You can find the link to my youtube page in the "signature section" below).
Previously we were watching and involved ourselves in the ascending triangle breakout. Now that price action has returned to our previous level of potential structure support, we'll be keeping an eye out for...
On weekly chart, I observed that the price action is forming a descending triangle, which is a continuation pattern. It is a good time to put this one in our watch list and wait for couple of weeks to see a breakout from this with a high volume .
BBands set to (30)
Triangles also represent a squeeze on the BBands
The past two squeezes of this magnitude have hit either R3 or S3.
My expectation is that this breakout will do the same. Although admittedly, the pivot math is greatly altered due to the BFX hack selloff, so therefore the S3 pivot at 2270CNY may be a little low, but does fall within previous...
USD/CHF is moving within an ascending Triangle Pattern. I wait for the completion of Wave E at the Trendline and enter on a Breakout to the upside. My first TP is at the 61.8% Retracement and my second one is at the Top of the Ascending Triangle
Good Trades, Daniel
Bulls are really pushing this pair up making an ascending pattern that usually breaks higher but around 1.01000 is an important tl and i think we might see a bigger retrace from there, trade safe and good luck!
USDCAD....A lot of energy is building in this pair with a bullish ascending triangle pattern on the weekly chart......upward breakout coming soon to retest the high of 146.00...wait for a daily break over 132.00 and then long...or its good to buy at lower trendline around 130100....lower trendline is strong......If CAD is up then good chance oil will go up with...
