A good opportunity for some quick pips after bearish pennant breakout on M15.
weekly chart for support and resistance zones -bounce of RSI on neutral zone 50% (very bullish) -bounce on support trend line in yellow daily chart -pennant formation
in this chart we will to buy. as i think . But if the general trend is to the downside Are we facing a new wave of landing
in this chart we will wait to buy. as i think ,
Identified 2 Advanced patterns on the NZDCHF. Purple Triangles represent a BEARISH BUTTERFLY(Completed) Blue Triangles represent a BULLISH CYPHER Clearly we are now stuck at an impasse, to go LONG or SHORT, that is the question. Taking a step back to the 1D time frame, we can see that price has moved in a pennant formation ( grey lines) While it is not within...
A Clear pennant could be seen forming on EURCAD. I suspect the pair may be heading lower as there are some bearish movement in EUR at the moment
EURCAD is in a bearish pennant on h1 so i am looking for a break on the downside to enter a short position.
Hello traders, We have a potential bat pattern completing at 161.75. This falls within a pennant pattern. I am expecting price to react at the trend-line resistance and continue downwards. At this level we also have some structural confluence. TP1: 158.62 TP2: 156.67 Feel free to follow, like, comment and share
Selling after a downside break of the pennant looks like a good idea on EURUSD.
Traditionally there are 3 ways to trade a breakout all depending on your level of aggression as a trader. The before the breakout and actual break has already completed which means waiting for the retest is the only option left for those looking to get involved. I'm saving it for my Weekend Review, but I've been recording the analysis of this trade as well for...
Confluences and Probability - Clear downtrend 4H + DAILY - 79.703 is channel low on the daily T.F we are seeing a clear break of this level - All MA's are suggesting strong bearish momentum - While having all these confluence to give evidence that we are in a overall bearish market we have other independent factors such as this clear ''Bearish Pennant'' in which...
Hello Traders On the daily timeframe we have a pennant pattern. We are expecting price to react at the trend-line resistance and with confluence of a zone of structural resistance in this area. Going into the 4hr timeframe, we have a Bat pattern which completes at 161.77. This is where we enter short. Furthermore, we will be keeping an eye on RSI for continuing...
A clear pennant formation is forming on Gold. Where would it go?
Some possible trade ideas on XAGUSD in the coming days, could go either way so follow it closely.
There is a support line (the yellow dotted line) coinciding with 78.2 and 88.6 area of a fibonacci zone which should provide support. A triangle pattern seems to be forming a wolfe wave since the 5th wave has gone outside the triangle support lines. I have put two entries, a normal entry and a conservative entry for traders who don't like risk, and again a...
A nice double bottom pattern coupled with a pennant pattern that has been broken to the upside confirms an earlier long term forecast I had made about the EURUSD, that there is no way but up for the currency pair. I have put a conservative target at 1.2300 however I think it is easy to see that this currency pair will continue much further than that to reach even...
There is a potential breakout on the 240min chart. I would prefer to see a really bullish candle come out of this pattern before getting long. I would take profits no higher than the 113.25 zone. We are still in a bearish trend so this would be a good area to get short. Good luck trading out there.
I would consider the same height here. TP2 0.0222. Thats where the pin's tail ends.