After breaking out from the descending wedge we got stopped at the 0.5 Fib level- 1st yellow arrow -
Some profits taken there , I was hopping we will retest back on the top of the wedge , but it seems that we are forming a bull flag,
Measure move up will be the length of the pole and that will send us straight to the 0.786 Fib level- third yellow arrow -...
Here is the update of GA, it is retesting the trendline as expected, we now need to wait to see clear strength by the bulls before opening any long positions.
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I have two ideas on GBPUSD on here, they are pretty simple.
Our entry zone would be the light green rectangle, which will be the main zone we need to look
at, we need to carefully see if the market does the retest on the trendline and then start another
bullish run or it breaks again the trendline and drops all the way down.
Be very careful as it's a very...
This idea is similar to the GBPUSD idea that I posted recently.
GBPJPY is on a bullish run, and we can clearly see that is taking "a rest" by forming a bullish
flag pattern , which is a clear confirmation for another bullish run that could reach the next
s/r zone. We must wait for a breakout of the trendline and enter on a retest and join the buyers.
Since a long period of time there is a very strong bullish movement on this pair.
At the moment is forming a bullish flag, and according to the s/r zones and the trendlines
we have a clear analysis for another bullish movement of nearly 400pips.
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Very solid positive CEO interview today following the annual results. SEE break out of this bull flag as expected ahead of 3W. Short term targets are between 6-8.5p for this wave up depending on volume, also with a very positive long term outlook. Suggest to buy while it is at this cheap level, the upside potential is huge for the long run!
Price created a head and shoulders pattern on the weekly. going into the 4hr, I notice market is still is an uptrend due to higher lows and higher highs.
Price at the moment connects with both blue trendlines with one of them acting as a bullish flag. Waiting for price to react off that according to previous...
Price has been creating a descending Nature - I will be going long on completion of Bull Flag, first target being the previous high.
If we reject off the High especially with any ascending Nature I can see price potentialy coming to the downside creating a Double Bottom / Descending formation and going back up.
These are my set ups I am waiting for.
on the usd/jpy market I went onto the 4hr market and saw a bullish flag opportunity which was showing the text book definition so I went ahead and placed were I would like to enter the trade. I have also added in the stop loss and take profit as well.
Please make sure to check the analysis on the 4hr chart and check for entries on the 1hr chart as well thanks guys.
NZD/USD has been bullish as of recently so we follow trend continuation.
We are currently in a corrective state, but approaching structure levels.
We see a trend channel that price is following, so if we continue this channel we should expect movement to the upside since we just finished a corrective wave.
We can also see a large bull flag formation. If this...
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The reason behind of such a strong pullback in LTC is that Charlie Lee, the former director of engineering at Coinbase, is selling almost all of his holdings in Litecoin (LTC), the cryptocurrency that he founded in 2011.
Lee explained in a post on Reddit that he is selling all of his LTC coins — bar...
Traders - do not be fooled, the recent bearish movement of eur/nzd is purely a retracement following the pair's 2015 move - classic bull flag stuff. On daily chart, the pair closed above the falling trendline that has been in force since mid July, signalling further bullish action for the pair.
I suggest longing upon retest of falling trendline following...