Potential H+S pattern on Morgan Stanley (MS)
May wish to wait for further confirmation of the breakdown before entering, if you choose to enter now, i would use a close above the right shoulder as an initial exit.
P.S. The H+S pattern i noted on JPM also seems to be developing quite nicely, overall the financial sector (XLF) is one to keep an eye on
-TradingEdge
The price seems to be going up but we have some selling candles very strong that show that we could may go for those imbalances and base patern. We are waiting for the price to arrive to those points so we can buy a sniper operation until an institutional candle which didn't get correctet.
Hi guys,
I am shorting the pair at these levels. It looks like volumes are not in a favor of a bullish move and price made a new low.
I am looking now for the pair to test again these lows, at around 1.22500.
R/R of this trade is about 2
***Trade at your own risk***
Hi guys,
The triple support yesterday broke so I am on the short side. Pullback was done during the Asian session, and it is now at a key level but volumes are low, suggesting the pair could go back south again.
The R/R for this trade is > 4.
***Trade at your own risk***
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As we can see, the price is at its resistance. One can wait for the breakout.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We...
My short entry was triggered on M30 with this nice bearish candle.
My target will be the next support around 76.450.
Stop loss is also shown in my chart.
Hey guys,
GBP/AUD is in currently in a strong buying volume cluster.
We have volume accumulation at these levels and a bullish divegence as well.
I am buying the pair at the market and am targeting the 1.90700 level (1st target) .
Stop-Loss has been placed on the chart but will be monitored manually as the markets are volatile.
*** Trade with care and...
Hey guys,
Just wanted to share the trade I took this morning, it's on CAD/JPY.
I have spotted a strong divergence on volumes as price was going up.
My short entry was triggered and I am targeting now the bottom of the structure.
Even though we are above the cloud on higher timeframes I believe the pair is overbought and is currently pullingback.
We've...
What Is A Rounding Top Chart Pattern ? A chart pattern used in technical analysis which is identified by price movements that, when graphed, form the shape of an upside down “U”. A rounding top may form at the end of an extended upward trend and indicates a reversal in the long-term price movement.
A rounding top represents a sell signal . The initial upwards...
