Price formed a reversal pattern on the daily TF and also sitting on a major trendline and horizontal support zone. The neckline of the pattern as been broken and i am anticipating a long trade here.
The price finally broke out of the ranging rectangle. I am shorting it.
I expect the price to continue its downtrend as the oil price keeps surging high due to the shrink in oil supply as the evergreen ship still locked in the Suez Canal.
I expect the price to fall in the medium term.
After the sharp rise recently seen on DENT. The price is finally making some corrections and I expect the price to retest the 0.50 fibo level again before shooting up again. I see a lot of potential in his dude.
I believe the price will sell after retesting the resistance level
I expect a sell-off to the bottom of the rising channel.
GBPUSD has been in an uptrend but it's time for some correction due to the 3rd covid 19 wave in the UK. A break of this pattern will see the price pull back to the bottom of the rising channel.
$Cake is moving in a symmetrical triangle. It seems like its about to pump. Please wait for clear break above the pattern on 4H chart before buying. $18 is the target. 😉
EURCAD will reverse at the bottom of the channel in the short term. The red line is my target.
The price pulled off the 50 ema and back to test the ema once again. We got a sharp rejection on the 50 ema and got supported by the small trendline. I am going long on this.
Call it a wedge or pennant. Buy if there is a break of the pattern. Peace!