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5-0-pattern

EUR/USD in a lovely rangeThe algorithm has found an interesting pattern in EUR/USD. Red in chart After the break of the previous channel the price has corrected a 61,8%, the fibo level but this is also the previous zone of supports and resistances. If that's not enough, it's also the last level with accumulated volume, if we move to 1,08 the volume disappears which would be the perfect storm for a rally until the zone of 1,12 where we should expect offer again. Green in chart To see the rally to 1,12, a fast break of 1,08 must occur. So having enyrty postitions over 1,08 could be an interesting strategy with a good risk reward ratio. Blue in chart The model predicted this area as a key level to stop rallying due to multiple reasons: 1. Prior supports and resistances. 2. High volume accumulation, meaning that offer is probably waiting here. 3. 61,8% fibo level. 4. High band of the new uptrend channel. After this lateral market started dec 15, the break could firstly occur in the downside, breaking the support of 1,06. If this occurs a small double top pattern would be confirmed and we should see the price to 1,04 soon. This level would be key to see if we are still in a lateral correction of this uptrend.
by All_ChartPatterns
USDSEK - Let's sit & wait...USDSEK - Let's sit & wait... Most favourite plan to do on the weekend is my weekend analysis. The market is close, going through higher TF, getting into the zone and ready to crush another week of trading! USDSEK - Another trading pair I occasionally trade. I feel the behaviour of SEK is very interesting, i'd say I do trade relatively small on this pair but the risk/rewards are great. For now we are waiting for a break to either direction and this is a similar theme on all FX pairs I am looking at. When the market are these conditions I usually add alerts and perhaps limit orders. Key Tip: Don't forget to follow your trade plan and if you don't have one MAKE ONE! Trade Journal
by Trade_Journal
Bitcoin warning🔥🔥VOLATILITY IMMINENT!On October 22, we said about the price increase. The prices of the dollar index went down. we expected bitcoin prices to rise. That's not all, if prices start to rise soon, bitcoin means that the hashrate to mining revenue ratio of $25,000 will reach an all-time high, which means they continue to invest in infrastructure despite very little mining revenue BTC in dollars. Historically, miners have been underwater in the short term, but have never failed in the long term. Keep an eye on the yellow marked area. As soon as we can get a weekly close above the top diagonal resistance things will start to look much better. Patience is key.
CRYPTO:BTCUSD
by mmakerinvest
3
Double bottom in Credit AgricoleThe algorithm shows an opportunity to buy credit agricole if the double bottom pattern breaks. The double bottom pattern is a bullish reversal pattern that appears on a chart as two distinct bottoms at roughly the same price level, separated by a peak in between. The pattern is formed when the price of an asset falls to a support level, bounces back up, falls back down to the same support level, and then bounces back up again. This pattern is considered bullish because it suggests that the asset's price may be about to start rising again after a period of decline. One way to trade the double bottom pattern is to wait for the price to break above the peak that separates the two bottoms. This is known as the "breakout." Once the price breaks above the peak, it is a signal to buy the asset. Some traders may also set a stop-loss order below the second bottom, to limit their potential losses in case the price does not continue to rise. So, a possibility is to wait the break of 10,2 level and look to sell in the next area where volume increase and we also find supports & resistances (11,50€). A break of the small black line could also be a great point to buy, but it's not a confirmation of the larger double bottom pattern.
EURONEXT:ACALong
by All_ChartPatterns
📊 Understanding the Cup and Handle PatternA cup and handle is a technical analysis pattern that appears on a chart as a U-shaped pattern, followed by a small downward drift, resembling a handle. It is important to note that like all technical analysis patterns, the cup and handle pattern is not a guarantee of future price movements and should be used in conjunction with other analysis techniques. 📈Cup and Handle It is considered a bullish pattern and is often used by traders to indicate the potential for an upcoming price increase. The pattern is formed when the price of a security falls, reaches a bottom, and then rises back up to near its previous high before falling again. The downward drift that follows is the handle. The pattern is considered complete when the price breaks through the resistance level (the top of the cup) and continues to rise. Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern. 📉Inverted Cup and Handle After the cup forms and the beginning of a noticeable handle takes shape, begin to monitor trading volume closely. One way to think of the inverted handle is a follow-up to an inverted cup. The inverted handle retraces the initial move, but not to the level of the original trend. Once you see a retracement in the form of an inverted handle of the original inverted cup pattern, setting a stop loss while selling the trend could be a potential trade idea. 👤 @algobuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue
$EUR - Trade idea!$EUR - Trade idea! It's been a quiet start, we had a little bullish momentum in dollar brought the eur decline a little but we are now back within the range. Even with FOMC nothing really changed imo very little market movement, we did get a pull back on metals a little. For now we on EUR 1HR. Lows: 1.05870 Highs: 1.06355 A break to either direction. If you were to look at the daily we are in a range of lows: 1.05200 areas and highs: 1.07200 areas needs break these key levels for further clarification. Lets not forget we got NFP tomorrow we could be in these ranges until then, add alerts or orders whatever is in your trade plan. Trade what you see, not what you think! Trade Journal
by Trade_Journal
1
📈 4 Common Bullish Patterns🟢 RISING THREE "Rising three methods" is a bullish continuation candlestick pattern that occurs in an uptrend and whose conclusion sees a resumption of that trend. This can be contrasted with a falling three method. The first bar of the pattern is a bullish candlestick with a large real body within a well-defined uptrend. 🟢 FALLING WEDGE The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pull back, two converging trend lines are drawn. The consolidation part ends when the price action bursts through the upper trend line, or wedge’s resistance. 🟢 BULL PENNANT A pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend line. Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. 🟢 ASCENDING TRIANGLE An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
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Education
by QuantVue
32
EURJPY - Wait For Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart EURJPY is stuck inside a range and currently approaching the lower bound / support, so we will be looking for buy setups on lower timeframes. on H1: Right Chart EURJPY formed a 123 pattern but it is not ready to go yet. 🏹Trigger => for the bulls to take over, we need a momentum candle close above the last high in gray. Meanwhile, until the buy is activated, EURJPY can still trade lower inside the daily support zone or even break it lower. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5