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Abcpattern

FB Buy Zone(s) IdentifiedPlaying around with some technical analysis tonight.. I found a found a pretty decent buy zone for FB. In the video I explain how I identified it.. I also go into a little bit of detail about how I chose the the option contract I'd like to play. I hope you enjoy! Sorry if it's a bit awkward, it's my first video upload.. More to come, I hope! Have a good one, everybody. Please reach out with criticism or questions! I'm happy to engage with any trader.
NASDAQ:META
by DonjonCapital
VIAC Long, Daily EMA144 as supportCondition: #1 Daily EMA144 is support #2 Swing(A) crossed SMA50 and EMA144 (Normally, this is a pattern of beginning in uptrend) #3 Swing(C) Began from SMA50 #4 No price change on 8/6/2020 Earning Estimate: Range of Swing(C) = Swing(A) (ABC pattern, even if it is a consolidation only) Entry below 26.5 Stop 24; when Trendline break Target1: 35; risk/reward=1:3 Target2: 40; risk/reward=1:6 I am not a Pro trader. I need few months to work on rule based trading strategies. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate consistently.
NASDAQ:PARALong
by PlanTradePlanMM
USDCAD SWING TRADE SHORT Good Day All, FX:USDCAD I am currently seeing some bullish momentum short term finishing off an inner smaller time frame flag within a longer term bearish trend. We had a pennant brake from the top which fell to a support trendline that held creating our current major flag, I am currently looking at an Elliot correction ABC wave finishing off which I am looking to get in short at yearly resistance point 1.38000. with stop loss at 1.38300. This will be my first entry for my major swing trade. I am then looking for a break of the flag structure and a retest creating my second entry point which I will update closer to the time. My first take profit will be at major support zone 1.34000 which I am looking for a possible break and retest to continue the downside with a third entry on that areas to be updated closer to the time. This will then lead to my flag pole length target for final TP zone at 1.32500 where I will re-evaluate all my swing trades to see where we are heading from there. This will all be shared on my Telegram group for free and also when I enter and exit the markets. Please take note Forex is risky and this is my opinion and biased on the markets and could be wrong please use proper risk management if followed and let me know if you trade any of my ideas.
Short
by Mark_Reyneke
Holy Grail/ adx gapper/ 80-20 all signals triggeredThis is a triple confirmation on strategies from Streetsmarts... 1. Holy Grail is watching ADX it should be correcting only from uptrend > 30 2. Gap below yesterday's low then reversal recovery in morning at 35.10 3. 80-20 is yesterdays range opened in upper third, and closed in lower third; today's gap down then recovery of yesterdays low, buy > 1st hour bar > 35.25...hold until close or next day 4. technically there's an ABC style correction in a strong uptrend which tips probability that could recover multi-days even if miss low a bit ( call options could be considered if GAPS down to obvious target for C leg...as a re-entry method) 5. 6 days ago was a low, that is also beat > 35.35 showing another reason shorts may 'cover' or take profit...
ASX:BHPLong
by Aussie-scalper
GBPAUD LONGGBPAUD is currently in an interesting position after support has held at the lower section of a long term bullish channel (4 years). Fresh bullish volume can be seen increasing on the Daily and 4HR, coupled with the Daily MacD in the heavily oversold region. Additionally, The Daily ADX has began to pinch after separation apparent. In regards to a price action perspective, there has been a number of candlestick closes above the 4HR 50EMA , while price has also completed its 5th Elliot Wave on the Daily; suggesting we may be due to see an ABC correction. Fundamentally, there is no high impacting economic releases for the GBP or AUD for the rest of the week, other than UK Manufacturing Production for April scheduled for release at 07:00 GMT+1 Friday. However, the US FOMC decision on Wednesday may cause capital flows to or from these two currency pairs, depending on what is said and if interest rates are maintained at 0.25% or not.
Long
by UnknownUnicorn2519205
1