Price has been on a clean uptrend since Feb 2020 with a pendant break and retouch. Since then Price hit 2016 resistance at 1.46.
We currently have price creating a bullish flag which could suggest that price is heading to continue its bullish move.
However plans can always change and sellers could persist and we could head back to 1.36.
Im personally looking...
Inline with price action confirmation, potential for USDCAD to push resistance as indicated via the analysis.
#forex #forexlifestyle #forextrader #forexsignals #FX
Looking to join our community? Follow our trades? And access our educational platform to start execution analysis and order like we do? See below website link to sign up or for more...
BTCUSD Weekly. Massive Pennant forming on weekly close candles.
Target $85k probably by mid/late 2021.
DCA in when price below 104 WMA (green)
DCA out when price above 5x104 WMA (red)
Bull run starting after pennant bullish breakout in 2nd half 2020.
To be established if 21WMA or 50WMA will provide support during next bull run.
A descending triangle may be forming, the price has stayed predominantly towards the top of this triangle but due to other factors (current downtrend, ABCD pattern) I believe there will be a break to the bottom.
This is a pennant and represents a pullback from the highs around 1550.
It's testing the pattern's boundary and might break out to resume the uptrend which started in June.
PS: Stochastic has further to go so an upside breakout is more probable.
BTC After an impulse + 39% A pennant pattern is formed. Behind the trend is an upward pennant . Behind the shape of the canvas is a downward pennant . The shape of the canvas resembles a wedge . Not to be confused with a downward pennant according to the trend! These are the exact opposite formations! The pennant canvas is formed above the downtrend line. The...
Bullflag on the weekly, Stochastic RSI fully corrected and upwards momentum to start picking up soon, Long above 11300-11500
Contrary to my previous long idea for gbpusd, as the impulse down outweighs any signs of pushes to the upside. I believe it's more likely to see a bearish continuation as price seems to lock into this restricted pennant. This would suggest price is exhausting before continuing.
dotdigital Group plc is a leading provider of email marketing and omnichannel SaaS technology to empower digital marketing professionals. Our marketing automation platform is used by over 70,000 marketers in 156 countries worldwide, empowering global marketers to achieve outstanding results with superior tools and services.
The shares have completed a...