Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 When price broke support level and area, it declined to $1.2465 point and then bounced up to area. Next British Pound continued to decline inside from falling channel, where it broke $1.2395 level and fell to support line. But at once, price bounced up, made...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 After price bounced down from resistance area, it entered to flat, where BTC declined below support level. Later, price tried to back up, but failed and made strong downward impulse to support line, thereby exiting from flat. Then BTC started to rise near...
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 Inside from rising channel price bounced from resistance level and fell to support line. Then Swiss Franc made upward impulse to resistance area, thereby breaking resistance level, and exited from channel. Next, price bounced down of resistance area, which...
Hero Motor is consolidating since Feb 21 and now it has given a Pennant / Bullish wedge breakout with good Volume. Hero is a market leader and consistently showed great growth on YOY basis. Still there is a significant upside left for the stock so in my opinion, one can do SIP in this stock without being worried for Stop loss simply because it has a great...
I had recommended Suzlon in Jan last year as chart of the week. Once can see a detailed analysis on the same page. Today again I'm recommending to buy Suzlon @ 11. One must understand that it is a well beaten stock, hence, it's a High risk trade and patience is required to earn profits. If you take this call, invest as per your risk appetite. CMP - 11 W...
Bearish pennant on the monthly has been in formation for some time now. I expect atom to retrace down to the $6-8 range.
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. So with gap up today and from days price action forming like pennant or bull flag. Breaking this pattern could give good move if price opens flat only. For trade...
Hi guys, this is my overview for XAUUSDT, feel free to check it and write your feedback in comments👊 When price bounced from resistance area which coincide with resistance level, it made downward impulse. Next, Ripple fell below two support levels and also entered to flat. After flat, price started to trade inside from pennant, where it reached resistance...
Very simple trading pattern forming in the direction of bigger picture trend. We will wait until we see a bullish correction on the smaller time frames before looking for an entry. Once this correction is complete we will then enter short as long as we think we can achieve a minimum of 1 to 3 risk reward on this particular trade.
Beautiful pictures: USDCAD triangle + triangle Weekly: triangle in formation Wave D is formed by ABC which is formed by a triangle
Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 A few days ago price bounced from support line to resistance line, thereby breaking resistance level. After this Ripple made correction to support level and later backed up to resistance line again. Then price bounced down and made strong downward impulse,...
Bitcoin managed to break the resistance line successfully. Now Bitcoin is pulling back to the resistance zone and the resistance line that has been broken. The pullback structure is in the form of a falling wedge pattern, and if we look closely at the chart, we can also see a bullish pennant pattern. I expect Bitcoin to grow up to the resistance zone after...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few days ago price trades between resistance level and support area, and then entered to pennant. In pennant, Gold broke resistance level and bounced higher of resistance area. Later price started to decline and fell to support level, but at once bounced to...
POLONIEX:DOGEUSD Dogecoin is showing this repeating pattern. I like to call it a Pump and Pump :-) Maybe it will ultimately become a Pump and Dump . So I am not going all in. However, a small holding of Doge has the potential of creating a large return. This is an asymmetric risk-to-reward play. I write off all the money I put in. So it is a small loss on...
How to trade bear pennants with entries and stop levels.
Hope some of you guys jumped in. CXT is currently climbing pretty steadily. Pennant is still on target to attain its 57ish $ goal. Should see this price it prior to dividend (June 8th). Stay humble, have fun, make money!
Just by looking at it it makes sense for price to hunt all those untouched liquidity , right ? but what's gonna happen next ? as i indicated here there are 4 scenarios for me , but i think 4 is the most possible one , why u ask ? well , if u follow my ideas i am bearish on BTC and i have a whole bunch of reasons and all i see here and in the recent move was...
The bearish pattern appeared on 1h, eyes on arb 👀 the 2 resistanceses are so important