Buy FX:GBPJPY After Bullish Candle Stick Formation Price @ Back Side of the Trend Line (BLUE) Touched Uptrend line (Pink) Higher Highs (Support, Blue Arrows) Very Sharp Counter Trend Line Break StochRSI Over Sold Entry: After closing of the daily Candle (This Friday), Place Trade Monday Afternoon Stop: 10 Pip Below Previous Low (153.229 appx.) Take Profit:...
Ascendind triangle is forming as a wave 4 in current bigger impulse.
Sell FX:GBPJPY after breakout of Ascending Triangle 148.000 was major support in August, 2000 and August 1993 After Revers from 148.000, in August 2000, price moves 100000 Pips After Breakout of the Ascending Triangle, next target is 148.000 (appx) Which is 1.618 fib extension of down AB Swing and 1.272 fix ext. of 2nd AB Swing (Confluence of Fib Level)
Hey gang! Genesis here! Found an Ascending Triangle on the Daily chart for the GBPJPY pair and if you look here closely on the 4H chart, price is hitting the trendline soon! One thing I really love about trading the insides of a pattern, is because they the entry and exits are so predictable! What influenced my decision: -Stochastics Divergence (oh, this is a...
Hi traders, Just a quick chart with my thoughts on the future movements of BTC. Like most I am anticipating a bullish move from this triangle. Overall I see a possible top of around $700. It won't be a straight run as there is previous R/S level at the $560 level so we should retest $464 which will become support for the next move up.
Further to my previous Daily chart, here is my projection for the breakout. The ABCD would put our top at around $576 which fits nicely with the next resistance level. From there we would either retest $464 or, if the market is steamrolling, it may only retrace to another level within this breakout before moving north through the resistance as shown in my daily...
The ascending triangle on the 4-hour chart of EUR/AUD presents a bullish breakout trade opportunity. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My potential take-profit level is shown with the green line. I will set the stop-loss order to the low of the breakout bar (not shown). More...
Traditionally there are 3 ways to trade a breakout all depending on your level of aggression as a trader. The before the breakout and actual break has already completed which means waiting for the retest is the only option left for those looking to get involved. I'm saving it for my Weekend Review, but I've been recording the analysis of this trade as well for...
Watch for an upside breakout on the EURAUD pair on H4, potential target profits are 1.57000 and 1.58000.
Following up on a topic we covered in last week's Monday session. Here's a perfect example of how you can have a trading opportunity that is both Counter Trend & Trend Continuation at the same time. Remember gang, the market moves in fractals, meaning there are moves within moves and trend withing trends, within trends. Akil Stokes Chief Currency Analyst &...
Since USDJPY came to a strong weekly support and started bouncing from it ill be looking to go long on this pair. If price breaks this ascending triangle it would be a good opportunity to buy.Another opportunity would be if price comes back to retest the broken resistance, then buy it. Plan your trade,trade your plan.
Possible trade setups from the ascending triangle. Could wait for a break to the upside or watch to see if the triangle continues to play out and buy at a later stage. Profit target is based on previous structural levels
Watching this pull back then possibly scale in 20% tomorrow
Hey guys! Found a good potential reversal pattern for the GBPUSD! Price has failed to create a lower low and ended up creating a lower high! This is a good signal of an uptrend! Strong horizontal resistance and upwards sideways support also point towards an Ascending Triangle! I'll be keeping my eyes on this for a while!
AUDNZD support and resistance zones to keep an eye on, with a potential ascending triangle forming as well on the daily chart.
CADJPY has been putting on an impressive recovery off it's Lows. It made it to a Resistance Level and consolidated in the form of an Ascending Triangle. Typically, consolidation areas (in this case a breakout pattern) at Range Tops will result in a strong breakout. Watch and see if this gathers any momentum.