I've been waiting for this breakout to happen since yesterday. Taking the breakout down to just above the 1.29933 price. If he second breakout occurs, I'll remain short... Otherwise, I'll hit the long for the swing back up to previous support/resistance line (1.31397).
UC tried to break the resistance, although it cannot closes a candle outside it, we need to watch if can break it or will be rejected, both options are good trades
Waiting for the breakout... Will go short on the 2nd candle after the breakout, if the breakout occurs.
GBPAUD is putting in a Wedge Pattern on the 60min time frame. These Wedges typcially end in good breakouts. I will be looking to trade this breakout in either direction. This pair has been very bearish as of lately, so I would like to see it break to the downside. Entry - I will be waiting for a Break & Close out of the wedge and will be looking to buy/sell on a...
Bearish Alt. AB=CD Harmonic Pattern Wave 5 is ending and a bearish correction is coming RSI Divergence indicating a possible bearish move is coming According to Volume Spread Analysis , Sign of weakness are appearing in the upthrust bar and the no demand bar Sell The breakout after the retest
This pair has been forming a bullish breakout structure and price is pushing against the 86.000 handle. Good upside pontential with primary target around the 88.000 handle. Long entries can be taken on the breakout or after the breakout on the re-test.
AUDUSD has pushed back down into a High Time Frame Support. Since then it has a created a Balance Area inside the support zone. I got long this evening on the pair around the .7500 handle. Its not often I will shoot for really extended targets but I think I have a good shot here being at a HTF Support Zone. The key is not getting stopped out before or IF the...
I just got long on EURUSD. It just broke out of its recent balance area on the 60min. I'm expecting a retest of the recent highs. Stops are 1 ATR below the Breakout Candle Targets are measured by the height of the Balance Area + Structure
USDJPY on the 60min in consolidating in the shape of a Descending Triangle. These patterns tend to cause large breakout moves in the markets. I'll be watching this pattern and will be waiting for a Break & Close out of the pattern to give me direction. As of right now I have no idea which direction it will break, so I will not involve myself until I get my...
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...
Simple Breakout trade on the 1hr time frame Potential 100 pip reward! Enjoy
According to VSA , sign of weakness appearing by the two no supply bars which give indication to coming bullish move on the breakout after a successful test
Hello traders, My new analysis on euraud. After strong daily close further upside for euro is favored. Also there is a break from 30 day highs and a potential ABCD pattern. All that alongside my wave count makes up my overall bias. Trade safe, trade well.
Triangle pattern in Brent. Will be looking to trade a breakout by entering on a retest of support or resistance (role reversal), depending upon the direction of the move. Not much else to say here really - just a visual aid by which to look at price action in the coming few weeks.
Sell the breakout of the pink line after retesting it There is an anti bearish crab pattern formed shown with the blue triangles
If we see a close below this trend line we could see a drop to the daily resistance.
The price action within the strong consolidated symmetrical triangle breaks upside today that indicates bullishness. Target:91 Stoploss: 86.50