Waiting for GBPNZD to breakdown and retest before entering. See post below for a breakdown of what happens last time GBPNZD was in this pattern.
Stoploss: Above the previous high
Target: bottom of the pattern
Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade.
For this particular trade, those who were waiting for the third touch of the upper...
Hello traders:
Looking at GBPNZD for bearish continuation opportunities.
We see price made a bearish impulse down from the previous corrective structure.
After an impulse, naturally price begin its corrective phrase, which is what we see now as a wedge/channel.
Latest price on the LTF formed an ascending channel move up to top of the wedge structure.
Look...
☑️EUR_GBP is trading in a falling channel
However,the pair has reached a strong daily support level
Therefore, I am expecting a pullback from the level
With the final target being a confluence of resistance levels
The horizontal and a falling one, from where the bears will take over
So we are waiting for a reversal pattern to form
And then we will go...
Hello dear friends. For consideration and the FLM coin paired with BTC.
Forming a cup with a handle, as well as a 35% correction, can provide a good entry point for continued growth.
A good place to buy is 988-1020 sat.
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Yes, from the point of view of risk management, the position is not ideal, but I...
All the information you need is on the chart.
Confused by any of this? Or want to find out more?
Just drop me a message and we can discuss it!
Will we see price rally up to our yellow highlighted key level?
A few things lining up on this. Price is in a clear correction whilst approaching a key significant area which happens to fall inside 0.5 and 0.618 fib which happen to be the most favourable fibonacci levels.
If correction breaks early, enter on breakout with stops below correction.
Price has recently made a lower high and has broken the ascending trendline on the 4hr.
Safe entry: On break of the zone marked and a retest with TP -27
Price has recently made a lower high and has broken the ascending trendline on the 4hr.
Safe entry: On break of the zone marked and a retest with TP -27
GBPMXN mine own perspective so what's your consideration on the price movement please comment in the below section ?
I believe that. So what is your expectations in comment below.
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CBRP Possible cup and handle play. price bounce off 200 SMA line. Due to recent cannabis stocks bullishness, theres a high chance price would penetrate 200 SMA line.
Hello everyone:
Cardano is in a bullish trend and continue to move up impulsively.
We can see the latest price action has many continuation correction follow by strong bullish impulse to bring up the price.
Latest price now is forming another continuation correction, signaling further upside momentum.
I will wait for price to break above the previous highs,...
Hi traders:
Stellar pushed up breaking previous highs as expected from the price action.
From my previous analysis, this is a good chance to buy now.
LTF seemed to completing a continuation correction, good indication for the next bullish impulse phrase.
Look for further LTF correction to get in the buys.
Thank you
Hello traders:
From my last analysis and forecast on Dogecoin, we indeed see price made the push to the downside, completing the bottom of this continuation correction.
This week we could expect this LTF flag structure breaks out and continue out of the continuation correction.
I would pay close attention to the structure and wait for LTF continuations once we...
GBPNZD is lining up for a nice drop.
Confluence:
- Descending trendline
- Smaller timeframe wedge
- Fibonacci
- Fibonnaci target lines up with Wedge
Look for smaller timeframe patterns
Last week we had a different descending trendline and was expecting a impulsive break of it. It failed to do that and instead created an ascending wedge which broke down, thus changing the placement of the trendline to what it is shown now.
This week I'll be looking for bear flags to short dollar - until the market shows an impulsive break upwards.
Price has been within a descending wedge since May 2020. Descending wedges usually break upwards. So what can we do?
We can either:
1) Wait for price to break the descending wedge and then find entry reasons for a BUY
2) Working within the parameters of the wedge and look for shorting opportunities
