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GBP/CHF looking to the upside
Inverse Head and Shoulder Pattern
Bullish RSI Divergence of the whole H+S
Bullish Flag Pattern confirming entry
Bitcoin painting a bear flag on the 1d tf. looking for lower. signs of exhaustion are becoming visible.
BTC looks ready for another large downward shift - potentially after a slight rise to resistance. This chart is an update to my previous published idea: Further To Go.
AUDJPY has formed a bearish flag and also has also hit trend line and reversed showing signs of downwards movement
I think we are going South, although need some more clarity.
Ill keep this short and simple, if you belong on etc this is a chance for some small returns. etc ill hit the red before going anywhere else.
it was thrice failed to break the resistance, once breaking through before the bears smashed it back below. it has broken a trend line and has formed a bear flag and has only just followed through.
there will be more ...
Looks like this could be an incoming bullish flag confirmation pattern
Want to see a scholar BEAR FLAG? EURCHF has a beautiful one on the daily chart. And it broke last week, so I would look for the pullback to initiate a short because the target is quite far as it coincides with the start of the said flag. I delimited the flag with the 2 blue trendline. This is also the first serious support below spot level....Is a new trend ...
EURUSD Trading the Bull Flag Formation
A small bull flag looks to be in the early stages of formation.
With DXY still under pressure and expected to fall away a
further 2.5% to 88 over the coming weeks EUR has further
upside in store. Can buy the dip back to the lower parallel of
the flag - if EUR is to remain very positive there will only be 2
strikes on the ...
Bullish flag pattern.
Let's see what happens.
Possible flag pattern on EUR/USD 4 hour chart. Growing volumes should confirm the long scenario. Entry point just above the breakout of the descending trendline. First resistance level at 1.187 area; in case of brakeout towards 1.2
There is a bullish flag formation, supported by the price above a bullish 200 MA and a break of the rising trend channel. This is all supportive of an upward price move. The risk reward ratio is at 9:1 with stop loss just under the lower channel of the flag. I don't see GBP strength against the USD, rather USD weakness against the GBP (see DXY). Trend is up, the ...
in front of you you can see two charts, and that's because i wanted to give you a better perspective on how i look at the markets. As you can see on the left (daily timeframe) price has recently broken and closed above multiple resistance levels, which is an indication of a long bias. Therefore our mindset is now on "buy opportunities" and we can take a ...
There is a rule in trading, that prior resistance and support never expires - the theory held true. Also, the moving average provided support. I bought at 1.30
this is the 4hr chart on GBPUSD. I'm looking at this because i think there could be potential for upside: we've just bounced from 1,28 (a daily structure) and in doing so price broker and closed above an intraday resistance (purple line). The next daily structure comes at roughly 1,3023 and therefore i'm expecting to see a continuation till we reach that ...
i do not usually share this kind of setup but i've thought it could be helpful to some of you. On this chart you can see a flag pattern that's been setting up on the hourly timeframe. This happened after that a support was broken by price action, creating the conditions of a downtrend: we cuold, as usual, wait to see price coming up to retest our broken ...
Good Morning Traders,
EUR/AUD short term upside trade! I will be buying this pair to the swing high as the pair is still in a bigger correction with potential for a big move to the downside. My target is 1.49042, and I have quite a conservative stop at 1.48087
Good luck and trade with discipline and effective risk management!
here's a simple pattern technique that's very powerful if used correctly: a flag pattern. On GBPNZD we've recently created a new low, by breaking and closing below the black line. This make me want to short this market, and therefore the next potentially selling place would be the support that's been broken. In this case, as soon as we've touched it, ...