Price is traveling within an ascending channel, I would only be looking for buys from here because selling from here is very limited and we have areas where price can reverse such as the trendline and order block.
Let's extend this 'bear flag' for as long as we can hahahah.
COT Data - 54% Short
The holding company for Primark which is known as "Associated British Foods" chart currently shows a classic bear flag formation, with a perfect straight top which is acting as a strong resistance, and an upwards trending bottom support line which mainly seems to be driven by traders looking for small profits within this trading range. There is no real drive to...
Due to Brexit drama, GBP has given us great technical and fundamental trade ideas.
Fundamentally, EU & UK - As normal aren't agreeing on much and we are cutting it fine on timing as the date of 15th October approaches near... Boris had announced perhaps a no deal Brexit wouldn't be as bad...Questionable thought it is...! But they could do a deal last minute,...
BTCUSD 1H. Watching & Waiting. I see BTC is currently in a descending channel and rejecting the level in the 'blue box' on it's journey back up after the sell off. In the process of this rejection I think we have created a bearish flag. I currently believe more downside is a greater probability than upside.
Short term sell for the creation of larger continuation on the daily to head higher. 3 touch ascending and we retraced at the 3rd touch, if we get the continuation bear flag then i will be entering short targeting the bottom this correction
impulsed down from 3 touch ascending, bear flag continuation to head lower. filtered o the 15M set order on the break of the mini ascending within the flag, just got triggered in so i'm live in this position. no no BS here lets see how it plays out
broke the daily double top then price retraced instead of heading for the outer structure, currently creating a bear flag to head lower looking for the 3rd touch of the flag before entering short. if we trickle to the 3rd touch of the flag then risk entry and if this trade commits ill be looking to hod it long term at leas t to the low of the pattern
a clear 3 touch large bear flag. on the 3rd touch we impulsed down and created a bear flag continuation, which can be seen more clearly on the 15M chart, set order below the mini bear flag after we created the second bottom of the flag. move to break even once we impulsed away and are about 1% in profit
Gold is currently in a bear flag within the bull flag on the daily and weekly chart.
Gold has rejected the top edge of the bull flag several times and once again.
We are looking to break the bear flag first before we look to break the bull flag.
Click 'LIKE' if you agree with this idea and you're taking this trade!
Click 'FOLLOW' to keep...
looking at USD/CAD weekly & daily you can see we've had a previous bull flag pattern which ended in a large push to the downside towards the end of June 2017. We have been seeing another bull flag pattern forming ever since which has now reached around our previous high of may 2017. comparing both structures we look as though we are coming close to another melt...