ADA/ETH Pair is forming a Symmetrical Triangle on 4 hr time frame. A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Symmetrical triangles occur when a crypto-currency price is consolidating in a way that...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for EURCHF, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for CADJPY, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hello everyone, here is the top-down analysis for CADJPY, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hello everyone, here is the top-down analysis for GOLD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
on DAILY: as expected, price rejected our blue support and traded higher, and it is now retesting our upper green resistance so we will be looking for objective sell setups on lower timeframes as price approaches it. on H4: we are currently holding a buy after a momentum break above the last swing that formed around our upper red trendline. on H1: this one is...
on DAILY: GBPAUD is sitting around a strong support zone in green so we will be looking for objective buy setups on lower timeframes. on H1: GBPAUD is forming a symmetrical triangle in red but it is not valid yet so we are waiting for a new swing to form around our upper red trendline to consider it objective and enter on its break upward. we also have a regular...
on DAILY: EURUSD is sitting around support so we will be looking for objective buy setups on lower timeframes unless EURUSD breaks below our blue support, then a bearish movement would be expected on H4: EURUSD is currently trading inside our red symmetrical triangle so we have two scenarios: 1- we are waiting for an objective break above the last swing that...
on WEEKLY: NZDJPY is sitting around a strong support zone in green so we will be looking for objective buy setups on lower timeframes. on H1: NZDJPY is forming a symmetrical triangle in red, so we are waiting for a momentum candle close above the last swing that forms around the upper red trendline to buy.
GOLD broke our symmetrical red triangle upward and traded higher, so we would be overall bullish here until an objective sell setup is activated since price is sitting around a supply zone in green. waiting for an objective break below our blue trendline or red trendline to sell GOLD long-term. meanwhile, GOLD is still overall bullish and can still test the...
This is an interesting theory I just came up with. Please comment, like and fallow. I'm so interested in everyone's opinion on this OANDA:EURUSD
GOLD is currently approaching a strong rejection zone in blue 1800-1900 so we will be looking for objective sell setups on lower timeframes. Keeping in mind that price can still dive in inside our zone before going downward. On H4: price is currently trading inside our red symmetrical triangle. scenario 1: waiting for price to break below our lower red...
MRF View MRF still looks Bullish , Unless the price breaks down below 64000 range. Upside move it may go to 70000 ,72000 & 74000 Zone to be look for price action is between 67000 & 68000.
Torrent Pharma forms double top on 1 Hr time frame, also forms symmetrical triangle pattern. If pattern breaks then expecting targets around 2080,2040,2000 and 1950. Entry range for shorting could be below 2190. Expecting good R/R ratio. View invalid if price moves above 2250. I will be posting complete analysis video soon. This is for educational purpose only.
Go pro has been in a symmetrical triangle for a while. Its due for a breakout soon! It could breakout up or down but surly will be a strong breakout. Be patient but feel a short today. looking for a great entry at the bottom symmetrical triangle support. Would be an amazing R-R . Happy trading all!
Follow up video to previous post
Got it wrong...going down? This ones giving mix signals. If this is the case, we are in a BEAR MARKET again. Maybe it will do a double bottom but unlikely.
Ignore as its not complete as I'm continuing the series of play with the tool. ** However I'm giving insight to a CONTRACTING or SYMMETRICAL Triangle at play ** Hope I get it right. :)