Pennant Chart Patterns Tutorial ! Pennant Pattern : Pennant Patterns are continuation chart pattern, forms when price of a security or asset makes strong upward or downward movemnt followed by a consolidation period with converging trendlines which forms a pennant before continuing to move in the same direction. Bullish pennant forms in a bullish trend market...
EURUSD Sell/Short Stop : 0.25% Profit : 1.50% Risk/Reward Ratio : 1 : 6
XAUUSD Gold | inside a Rising Wedge pattern and near Resistance Zone; Sell if the previous high don't break and reverses from the resistance, If the Rising Wedge breaks downside the target is 1560-1575$ We can also see a big divergence that indicates weakness of the uptrend! Checkout previous Gold Successful Trades () 👍 Stay Tuned;
Bull & Bear Flag chart patterns Tutorial! Bull Flag : A bull flag forms in bullish trending market, After a strong bullish movement when this pattern forms it signals the market is likely to move more higher. Bull flag pattern much similarly looks like a horizontal parallel channel or downward parallel channel along with a strong bullish vertical rally; when...
BTCUSD is inside a Rising Wedge. Currently the price is near the 200 MA in H6 chart, this may definitely resist Bitcoin and push back the price. Also Bitcoin moved up to 61.80% fib retracement. So niw this is the most important level for bitcoin to watch now. If bitcoin breaks the lower trendline it will confirm the break of rising wedge and bearish reversal of...
Inverse Head & Shoulder Pattern Tutorial - Invesre Head & Shoulders pattern is similar to Head & Shoulders pattern but reversed. The inverse Head & Shoulders is observable in a downtrend and indicates a reversal of a downtrend. The formation of a Inverse Head & Shoulders pattern resembles a baseline or neckline with three bottom where the middle bottom is the...
Head and Shoulders Pattern Tutorial - Head & Shoulders chart pattern is a price reversal pattern that helps traders identify when a reversal may be underway; this reversal signals the end of an uptrend. The formation of a H&S pattern resembles a baseline or neckline with three peaks where the middle peak is the highest between the two right and left peaks. Head...
LINKUSDT Inside a bilateral pattern; If it breaks downside we can see a 10% dump soon. (RSI and Volume signals weakness in the bullish momentum thus more chances of break downside) 👍
AUDUSD Sell Double Top on 12H chart and Divergence in momentum; (The pattern wiil be confirmed once price breaks the neckline) Possible 6 to 8% dump in coming weeks You can wait for the neckline breakout to enter this trade.
USDCAD Buy V shape reversal; Profit Target 1.50%
BTCUSD is trading on the resistance level of 7200$, if bitcoin breaks this level then we need to see if it resist again on the upper trendline of the channel which is 7250-7260$, the volume is not big enough and this indicates a reversal or correction from here. if it can't break above it we can initiate a short position from this level 7250-7260$ with max Stop of 3%
A reversal from this level is much likely; If price follows this pattern a quick profit of 5% can be made with good risk management. BTCUSDT
If breaks downside sell, If breaks upside it will make new high.
AUDJPY Sell Entry Price : 66.47 Profit Target : 4% Stop Loss : 1.50%
GBPUSD Sell Entry Price : 1.2310 Profit Target : T1 - 3%, T2 - 6.50% Stop Loss : 1.75%
EURGBP Buy Entry Price : 0.87798 Profit Target : 3.50% Stop Loss : 1.25%
Double Bottom Pattern Tutorial - Double Bottom is a bullish reversal pattern usually found at the end of a downtrend. Double Bottom pattern can be easily identified when price reaches a equal low two consecutive times unable to push price to a new lower low to continue the downtrend then the price bounces sharply from the equal low area and then breaks the...
Double Top Pattern Tutorial - Double Top is a bearish reversal pattern that can be easily identified when price reaches a equal high two consecutive times and makes a reversal and breaks the neckline. The entry point of this trade pattern will be confirmed by a closing of price below the the neckline. We can take help of RSI to see the momentum and strength of...