Hello friends, I hope you are doing well.
You can see the popular Cardano currency in the 4-hour time frame.
Now it would be a good place for us to have an analysis of this currency.
In the daily time frame, it had an eroding downward trend in the form of a descending channel, which has now broken this channel upwards. In fact, it is also considered a flag...
Hi Traders!
There is a bull flag pattern developed on the DXY 4H chart.
Here are the details:
The price action looks bullish, and the market looks like it is about to complete the consolidation phase in the flag's channel as the flag pattern is in its late stages.
The market is still above the 20 EMA, which is a bullish signal. As long as the market remains...
AUDJPY is been on enormous bullish trend. Recently the pair formed bullish flag pattern and now break the pattern, Will the pair respect the pattern and continue to much higher?
A very clean buy setup has presented itseld on USD/JPY. We can see a clear bullish flag pattern form right within a discounted Fibonacci retracement zone. We can also see price is respecting the 78.60% very nicely & the lower region of the flag pattern trendline.
In this chart ( AUDUSD ), we see a disconnected channel pattern that will probably break upwards. In the lower time frame, we see a flag pattern that has the ability to continue based on the current momentum.
Of course, we have to wait until this channel breaks apart and then make a decision.
wait my friend...
Hi;
AUDNZD
In the daily time frame, the movement is quite clear. Selling pressure can also be detected in lower time frames, and according to the rapid downward wave that has been created recently, the probability of exiting this correction, which is similar to the flag pattern, will be very high.
Hey guys, last week I was bullish on gold, but after the recent PA I changed my bias to short.
-First, the price formed the so-called "Bearish Flag" formation, this is a pattern that is a trend continuation and the TP is the duplication from the initial leg.
-Second, looking at the DXY I am more for a strong dollar for the near future judging by the recent...
GBPAUD broke the Trendine to downside in March 2022 and ever since has been trading within a Rectangle Pattern as shown in the Chart. Price recently retested that Trendline and moved down quickly , managing to break even the Rectangle Pattern to downside and is currently retesting the lower limit of the Pattern . I expect a brief flag pattern followed by a...
eicher has been at all-time high
it has given a weekly breakout and if it closes above 3348 this month then a monthly breakout
we fear that all-time high stock can turn down first. but mostly this is a wrong assumption
all-time high stocks are momentum and the strong break-out stock we should be in these stocks
if fear is there of losing then betting a small...
Price is currently trading inside what appears to be a bearish flag pattern . i expect the price to go up till the upper limit of the pattern and then continue the downward movement all the way till 131.4 ( the next major support level ) . In an event where price manages to break the 131.4 support to downside , we would potentially be looking at a change in the...
As ypu can see, price has tested a resistance 4 times, with multiple small double tops, price has finally broken out the bottom of the flag channel that it has been in all week.
We have broken below, retested the support as a resistance, if the current stick ends bearish its a sell. Further confirmation is the rejection off the 200ema
For a full explanation of the GBPUSD analysis and forecasting its direction, it is better to refer to the AUDUSD analysis
I will put its link at the bottom of this analysis
The bull flag pattern is discussed in that analysis
We have some obvious bullish signs here. First of all, if we look at the daily chart, we can see that we have a bullish flag pattern that suggests a move to the upside. So, to trade with a high probability of success, it is better to wait for a breakout on a daily basis (to avoid false intraday signals). That's what we got. Now the question is where to enter the...
