Keep watch on this pair because there are two different possibilities that can happen.
Here on EURNZD we have a trade setup forming inside our corrective structure. This setup is only valid if price does not break out of the bigger corrective structure. Good luck to you all
Look to go short when price reaches the upper trendline.
Gold broke the ascending channel it was in not too long ago. At the current moment it looks like there is a flag forming so watch for a breakout to the downside. Good luck and safe trading.
Silver is currently holding its descending channel. At the current moment price is stuck in a corrective structure so we will watch for an impulse to the downside.
We have spotted a H/S Pattern developing on this pair. We are currently short. Entry Reasons: Break of the Flag pattern formation on the 1H and AB=CD Pattern which will give an equal move to the downside. We will be looking to add a position at the break of the H/S neckline. Levels: Entry 1 (Flag / AB=CD) - 143.513. Stoploss: 144.786. Take Profit: 141.250 or...
Price is in the C-leg of a Gartley Pattern which can continue to develop. At the moment, I'm only looking for a sell setup to complete the potential Gartley Pattern or to complete the X-wave in the w-x-y-x-z sequence. I would want price to give a confirmation for the buy trade at the completion of the Gartley Pattern before I will be interested. Trade with care....
After the recent run up from 28s we formed a flag pattern. It can be expected that after breaking out of a flag pattern we should see another leg up with the same length as the previous flag pole. Such an equal measured move puts us at a price target to sell at 32.89 which is near the year high at 33 that also acts as resistance.
Since we keep moving higher I identified a flag pattern on the daily and 4H chart. Now we are breaking out of it and the next move should be equal to the flag pole which ends at 23.45. Personally I don't trade that kind of pattern but maybe someone of you guys out there is looking for some short to medium term targets to take profits. I am still looking for 27.50...
Resistance at $2.16 -- Building a base with difficult upward movement. Jump up in 2 - 5 market days.
Hello Traders , please click on all the pinned charts to see how it is possible to use wave analysis to forecast the charts.
In general I am bearish on oil, however if we breakout of this short term downward flag, I'd be interested in buying any retest of the top of the channel. I will only go long if we breakout and confirm above the channel.
This looks like a possible flag pattern, can someone help me analyze it? I'm new with technical analysis
Recently each time there has been a flag pattern it was followed by an impulse move to the upside. another flag pattern just formed so we could advance to the upside which is also in confluence with some nice resistance turned support structure level. Scenario 2 is If price breaks this important support level then the next level i will be looking at to get long is...
FISV gapped up on the daily chart on 29 October on higher volume, but the breakout bar was bearish. However, the previous resistance had already been broken and the breakout held so the move up can be considered stable. On the weekly chart a flag with a doji base also gives momentum to the upside a boost. The 50ma acted as support on the recent pullback (which...
IF YOU ARE LOOKING AT THIS AND YOU ARE SAYING, WHAT A CRAZY PERSON, CLICK ON THE LINK TO RELATED IDEAS AND SEE IF YOU STILL THINK THE SAME THING. Not that i believe it is possible to predict that far into the future, but i want to use this pair to determine what percentage of price action can be determined as oppose to spontaneity.the pair is trading on a flag so...