nice and simple setup. i will find my targets for this short trade when we either see a retrace to the channel bottom, or when we see this potential flag break to the downside. MACD looking good for this trade also.
Nice, clean and simple. We have the break of a very bearish 4 hour structure.
on the move to the downside, price failed to reach any relevant fib ext targets.
Im looking to the purple zone for scale ins to carry this pair to its final targets 1.74 & 1.72
The bearish engulfer never managed to gain its full momentum. Stops were moved to BE, which we hit earlier today... the lower time frames are showing a very clear flag. I am not looking to trade this for 2 reasons... the first of which is: We have lower volumes through the correction of the flag itself, however the hammer down candle right in the middle shows...
This is an update on the daily time frame for gold. Things have changed.
I see some sort of continuation pattern developing creating probability for the upside. Note carefully my disclaimer below.
For every probability estimate in one direction there is always a residual probability for the opposite direction (- this is why we have stop-losses which must...
NZD/JPY has broken resistance after the 4th touch on the 4 hr timeframe so I'm looking for a buy signal as you can see there is a flag pattern that has formed after an uptrend.
I’ll also be looking out for the red line as this is the monthly resistance level so price may reject when it reaches there if so I will close the trade earlier.
Feel free to like and...
Took this trade earlier at the break of the trend line when price was at 1.73633 and closed this trade at 1.74440 and closed out with £92.52 profit.
As you can see there was a flag pattern forming on the 4 hour chart I waited until after the 3rd touch of the resistance line to go in and trade and it broke out on the 4th time closed early but happy with my profits...
AUD/USD is displaying a bullish continuation pattern in the form of a bullish flag.
A buy order has been placed just above the resistance line. A break above this resistance line would indicate a continuation of bullish movements following confirmation of a potential continuation of an uptrend.
- The RVI cross over further indicates a potential buying...
. There is a possibility of temporary retracement to suggested support line (797.31). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. Platinum/ USDollar is in a range bound and the beginning of uptrend is expected.
. The ascending flag taking shape suggests we will soon see...
Usd is weakening and will soon crash with in a few months markets must prepare for this and will be pricing this in shortly, to add to this the technical's here are as shown simple elliot impulse wave as well as a bearish continuation flag with the wicks touching the 61.8 fib.