Bull Flag in a bull market, it's as simple as that. You can buy now at support within the flag or wait for breakout
Here we see an inverted Head and shoulder, a break above the neckline at a location which is in confluence with a key level. Successful retest of the neckline/level would be signal to go long
Head and Shoulder Pattern complete, now we await a breakout to determine what direction price is going to go. A break below and retest of neckline would signal a sell a break above will invalidate structure and price may go on to make a new high
Here we have a potential short setup; -Price has rejected off a supply zone, -Price has broken below neckline -Price is showing bearish divergence on RSI Waiting on retest of neckline to open shorts Good luck trading!
Last week we bought NZDUSD for a nice 60 pips, this week looks like there's an opportunity to sell it for a nice amount of pips as well. My general bias for NZDUSD is bearish (Weekly to 4hr chart). Dollar is king afterall. We saw NU break back into the ascending wedge structure and test the upper trend line forming a double top. *Should have taken a sell on...
NZDUSD broke out of the ascending wedge structure then broke back in on the retest. My position here is a short term buy as every indication shows long term bearish trajectory for NU. There's also the dollar weakness, shown in the DXY. Hopefully we can get in and get a few pips and get out unscathed lol. Happy trading y'all and stay safe!
The corona-virus has thrown the world and her economy into an unprecedented time. It is very difficult to trade in this market, but with increased volatility, opportunities abound for good traders. The S&P 500 is one of the best indicators of the stock market performance and I daresay, the economy! My analysis in this post is based purely on Technical evaluation....
BTCUSD is currently bullish on the 4hr TF, but overall bearish. IMO, there's a likely bull run to the $8200 price area in the short term. -Price is headed to test the upper trend line of the ascending channel -Broke above the mid-trend line and rejected successfully -Last 4hr candle close is a signal that bulls are in the market now. XRP, ETH and other cryptos...
My bias on XRP is currently Bearish; Price has broken below key area which also correlates with lower trend-line of ascending channel. Currently retesting, so I'm watching price action. In the event that price breaks above the key area(Blue zone), then I'll consider a long position to a new structure high. Have a great weekend!
Price has created a head and shoulder pattern on the 15 min time-frame. Price has broken below the neck-line. Which also correlates to a key level. Watching price action to retrace to the neck-line to enter a short position. All the best on your trades Stay safe!
Overall i'm leaning more on the bullish side. We've seen liquidity grabs with those wicks on the 4hr chart, price can push higher. If price pushes up and close above the red line(key level), then we have a bullish situation. I'll hold buys to the top of the ascending channel If price pushes up and closes below the red line(key level), then we have a bearish...
BTC/USD price action has re-enforced my bearish bias. Rejected key level with a double top. Looking for price to break below key level (blue line), retest and short from there to previous low
Here we see an inverted Head and Shoulder pattern formed, with price successfully retesting the neckline. This is in confluence with the fact that price has reversed and is now in an uptrend
- Price currently at historic support area - Same area is neckline of Cup and Handle pattern with price breaking above and currently Retesting - Price has recently broken above 18 day-EMA and is treating it as support - Risk to Reward ratio: 1:3
USDCHF short idea: -Price is currently in supply zone ...