Update for our yesterday's post for GBPUSD. The pair retested a recently broken daily supply zone. The price formed a bearish flag pattern and broke its support on an hourly time frame. It may push the prices lower now. Goals: 1.2554 / 1.2530 ❤️Please, support my work with like, thank you!❤️
USDJPY is in very strong bullish trend and has break through bullish flag pattern. and it seems like sky is the limit for this pair amid very weak JPY. USDJPY is the best example of Trend is your friend. What you guys think of this idea?
Apparently price is forming a HS after a false break out. It makes sense since the market rejected very hard the first attempt to break up the resistance. Now is accumulating into a bearish flag. I have a short position here, it could open with a gap down any day from now on. I don't want to miss that gap. My short position is moderate and I will add after the break down.
TRBUSDT has formed bullish flag pattern and currently the price is trading at previous support zone and also getting support from flag. if this support holds and flag breakout happens it will be strong bullish leg with target of 14.50 followed by 15. What you guys think of this idea?
A favorable risk-to-reward ratio opportunity can be seen in this stock which is nearing a breakout from flag pattern with increasing volume support. Buy Entry - Above 175 Target - 205 Stop Loss - 163
This could be the time PLUG turns around PLUG is nearing some long-term support -- assuming the trendline holds, it's a good entry point. Worst case, be sure to use stop losses!
↪️XAUUSD On Friday experienced selling pressure following the remarks of Fed Jerome Powell at the Jackson Hole Symposium. From a technical perspective, I observed a bearish flag pattern which led me to have a negative bias. The technical analysis of the daily chart suggests a neutral to bearish sentiment for XAUUSD, indicating a decrease in the recent bullish...
On the 30-minute chart, I see GNS as a Bullish Pennant on a high flag pole in the big move yesterday with consolidation now. It is high in the VWAP bands and so at risk for a reversal to the mean. Pennants more often than not continue upside. To hedge, I have set two lines. If the price goes over the green line a buy stop long will trigger into a market...
Looking at Nasdaq we can see that prince is sitting nicely on a correctional phase after market printed out a nice impulse and more bullish impulse expected to finish up the pattern of ascending wedge.
I spotted one more bearish flag on EURJPY. The price was correcting within, till it reached a key horizontal resistance. A bearish move initiated then and a support of the flag was broken. The pair may drop lower now. Goals: 157.226 / 156.96 ❤️Please, support my work with like, thank you!❤️
AUDUSD broke and closed below a support line of a bearish flag pattern on 4H. It may push the prices lower. I will expect a bearish continuation today to 0.6388 / 0.637 ❤️Please, support my work with like, thank you!❤️
I was looking for a bearish weekly candle. Price created a "Tuesday high of the week" into a PD array FVG above the 50% and rushed downwards below the week open. In setups like this it's rare for Wednesday to break above the week open again, especially when we have a lot of news drivers during the week where we anticipate good price animation. From Wednesday to...
My analysis shows an impressive crash is prepared on ETH after 427 days of consolidation in this bear flag on the weekly chart! It was a long time, and ETH has been going pretty much sideways. Now we have to expect huge volatility! The trendline of the bear flag is clearly breaking down with an ABC Elliott wave corrective pattern, which strengthens the bearish...
US500 is trading in descending channel and recently form the bearish flag within the channel and now the price is at the verge of breakout of bearish flag. if the breakout from bearish flag happens then the next target could be support of bearish channel which is around 4340 region.
Hal made a good flag breakout with all the positive indicators. Big swing trade, It will take some weeks to reach the target. Entry - 4033 Target - 5070 Stoploss -3628
↪️GBPUSD is being traded with a positive stance close to approximately 1.2750 in the early hours of Wednesday in Europe. The pair formed a bearish flag which made me bearish bias as it is challenging to experience significant upward movement due to careful trading and the upcoming release of UK PMIs. In terms of positive movement, the pair might encounter a strong...
DRD reported decent results this morning and the technicals look to support the bullish case. Currently trading at the bottom of the range, this might be a good area to accumulate a few but more importantly, we would love to see this pattern play out with a break to the upside.
Update for EURGBP. Earlier, we spotted a confirmed breakout of a key daily support. The market is retesting the broken structure at the moment. The price formed a bearish flag pattern on a 4h time frame. Your confirmation to sell will be a breakout of its lower boundary - 4h candle close below a trend line will confirm a violation. A bearish continuation...