LONG IF YOU NOTICE THIS PAIR HAS BEEN RETRACING RECENTLY HOWEVER A BIG CLUE THAT IT MIGHT GO UP - Higher close every retracement - It will most definetely hit 2.3900 Wolf of El Cerrito
its try to cup formation ,if its finish,we can see high level of ons..
Pair's price has moved up during the week, and there is a high chance of the up movement continuation, however, Price is at it's current resistance, and clearing of yesterday's low is highly possible, before the Up movement continuation. I will try to go short now with SL not more then 15 pips and target around yesterday's low. It's not an advice, but just a comment
Hi Traders, I was just checking this $USDCAD monthly chart and I found out a pattern that I like the most and very powerful one. It is called ''Cup and Handle'' and is a long term formation that takes months to build. As we can see, it started building in 2009 and we are very close to break out the horizontal like we starts the effect of this pattern. The target...
Gartley pattern formation on AUDCAD timeframe 60 min Entry point is at the 127.2 level of Fib Waiting for CD leg to complete the pattern. Stay tuned ! SETUP ----------------------------------- Entry @ 0.9566 Stop Loss @ 0.9589 Take Profit @ 0.9514
Notes on chart detailing the various moves based on chart patterns. Expecting a rally to 1.545 - 1.55 and then a decline to 1.51 - 1.50 and eventually to 1.495 and 1.465 (if the H&S is validated and price breaks below 1.50 support (a strong level). *This is an H4 compressed chart, so the timeframe for this tp play out will be days/weeks
Negatif divergence + Bearish Formation on gbpusd
A megaphone pattern is emerging very clearly on the 30min chart. Since I'm already short I'm gonna add to my positions at the top of it. I really wanted to bring it every ones attention in case they find it important rather than as a trade idea as such. Good luck!
USD/CAD reacted very well to the formation 'Head and Shoulders'. 1.1571 is 200% fib measurement of the low of the right shoulder and the high of the high shoulder. Also to keep in mind we have a 0.618% fib very close (fib of the 2011 low and 2009 high). On the other hand, to give us even more support of this zone, we have a very clear trend line (blue line) which...
On chart I find nice trade entry on SHS formation. We see at head of formation are very long this is becuse we hit support zone and in higher time frame is looking like we have abcd patter alsow (bearish formation) entry as always we take on neck line for more agressive traders and for more conservative i would order to take position below neck line from 5 to 10...
Retest of 340-360 by October-November Forming a W double bottom Bull market will only then kick-in properly Bitcoin going to the 300s (266 could be possible depending on volatility and panic) would be better so that fresh and new traders come on board. More descriptive info incoming....
During the last weeks Bitcoin formed a big pennant from the beginning of June until now. After two weeks of large movement (20 may until 3 Juni) followed by a consolidation period of four months we note converging trend lines. The pennant that's formed is often followed by a breakout movement in the same direction as the initial large movement. It's the second...
This looks very much like a topping formation to me, especially with the market stalling yesterday before the previous highs (denoted by the "head" on the chart). I'd be interested in selling rallies, with at least a target of 1837, though preferably a much lower target; 1800 and the 200 EMA beneath it may also be viable targets.
Buying pressure on the 1 hour with a solid resistance area around 102.36. Possible squeeze if we see 20 EMA carry price in addition to lower volatility near resistance of 102.36. First target would be 102.52 and second target would be 102.62.