Hey everybody, On daily chart we have formed Ascending Broadening Triangle price (bearish) pattern. Penetration below the low of last week’s inside bar, will very likely open up a major move to the downside. However we might be seeing a potentil short term bullish move up to $1810.00 levels before price turns lower again.
A short strategy for cryptocurrency HBAR (Hedera Hasgraph) which has tested support multiple times and might break down at any time. A descending Triangle also being formed at 4H timeframe and support on 1H and 30 mins candle. Triangular descending is a strong pattern and results in break down. It has also consolidated well within range in the last 2...
GBP/JPY has retraced enough and is showing exhaustion in this area This is a good sell zone in my opinion. 148.2 is potential target for downside movement.
At the current trajectory of the market, the price favors USD before FOMC in hopes of the dovish words 'tapering' to proceed. We've seen the market shift into a risk-off mode where funds have run to the yen as a safe haven. As for gold, I see an opportunity for bulls to reverse as high-impact news hits the floor. Gold has currently hit a resistance point with a...
XAU/USD is showing signs of exhaustion here at current price And is forming a double top to continue current bearish trend ive taken short position here at 1763
GBP/JPY has broken a key price area and is showing exhaustion in bullish pressure. Now im leaning more towards on the bearish side of things. im also looking for price to hit 150.2 as a potential target for downside movement.
XAU/USD hit 1830 area of resistance and is showing signs of weakness in current bullish trend. im looking at 1726 price as potential target for downside movement.
Hi! I just saw this rising wedge playing out. If this pattern plays out it could reach all the way down to 0.5 fib level ($49.7K) and the bottom of the wedge ($46.7K). If we broke above $52.9K this analysis fails.
It seems like a bearish flag pattern, which is building up in the Corn futures. So this could result in another short-term bearish impulse. According to the seasonality charts we have at the end of Sep/Oct (depends on which charts you take into consideration) a seasonal low. According to the CME, it's not expected before Nov/Dec (New Crop months). My personal...
Look at the right shoulder of the distribution circled in purple and compare it with the second purple circle.
This is the last update of current harmonic patterns on Daily USD/CHF charts. As we can see, two patterns are identifiable on the chart: 1. Ascending Wedge: Possible Bearish pattern 2. Symmetrical Triangle : Possible Bearish pattern RSI is below 50 which confirms possible breakout and downtrend. ...
Hello traders, It's been quite a crazy 24 hours in the crypto markets. Yesterday we had the YouTube conference with Jack, Elon, Cathie and some other random guy. The result? EVERYONE is calling for a reversal and expecting bitcoin to push much higher and that's exactly what they wanted. A coordinated conference to provide liquidity, retail is now filling big...
Tron has recovered nicely but could be preparing for another leg-down while crypto market is still uncertain. Current Price= 0.08128 Sell Entry = 0.08232 - 0.08664 Take Profit= 0.07193 | 0.06525 | 0.05570 Stop Loss= 0.09456 Risk/Reward= 1:1.25 | 1:1.91 | 1:2.86 Expected Profit= +29.72% | +45.52% | +68.14% Possible Loss= -23.86% Fib. Retracement= 0.382 | 0.618 |...
I think price will drop like this after price made a triple top pattern on chart.
For #NZDUSD my analysis is same as #AUDUSD. I showed new ENTRY LEVEL with SL & TP. #nzdusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
For #AUDUSD I showed new ENTRY LEVEL. Also I showed TP and SL. #audusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave