chfjpy, bullish or bearish?the pattern is obvious, but I have no idea that after break it will be bullish or brearish
Breakup
28th NOV 2018 - BTC might breakUPBitcoin could be dipped at 3450$ (red) and now finally heading up again after the #hashwars.
Dont forget, its always shooting up faster then down to rekk the weak hands.
TRON Breakout PointBreakout Point imminent.
560 ~ and things will go wild.
Do your own analysis before trading. :)
Example of a Rising Wedge on IBBIBB formed a rising wedge. Both lines are uptrend. The angle of ascent is steeper on the support line. The pattern form highs higher than previous and each low is successively higher as well. After a few attempts, the prices finally break through support.
To confirm the breakout, the price should close below the support line, if so, make a short. The profit target is the distance away as the back of the triangle.
Possible break up after bullish flagHi guys, I just spotted a possible break up for Stratis with a nice buy opportunity for a long term buy.
As you can see there is a bullish flag happening and looking at the MACD and RSI there is a good chance it will break up.
Support and resistance level are clear. Make sure to build a stop/loss order.
Stop/loss: 0.00055 - 0.00056
Target 1: 0.00068 - 0.00070
Target 2: 0.00074 - 0.00077
Let me know what you guys think!
Bullish USDCHF1. Notice the big h&s that formed
2. strong suppport
3. It seems like the price want to get in the channel again
Therefore expect higher prices
Best of luck :-)
Breakupception (a breakup in a breakup)Swing-Traders should wait for a good opportunity to go long. See previous idea :)
EURJPY Squeasing tight before a rectangle bottom breakout on 15m2 bounces of support and resistance. increased pressure causing squeezing. Aroon shows bullish pressure
STEEM FINALLY CHANGES ITS TENDENCYAfter broken the neckline of the H&S price going down pushing more down against the rally of BTC (yellow line) and little volume.
A see a change of tendency for STEEM recover after forming a star candle at the 0.00018260 support line.
To continues this uptrend we need the volume of the last days and keep on eye on the BTC behavior and we gonna see a good and important uptrend
Thanks for follow!
Long but better to wait 4-6 hoursSnake around trend line.
Expecting Cobra attack ! Up!
S1 29900
TP1 131200
TP2 131600
TP3 132600
TP4 133400
ETH Move Just A Beartarp? The daily as well as the strong support in 2050-2100 area provide strong indication. Sidelining until a decision, which will most likely be depending on the question if bitcoin (chart in comments) can breakup.
SPY is strongly bullish in front of resistanceDespite the fact that every day we see negative news (oil freez failed) and different comments in articles, the action in market is bullish. That is why I prefer to listen the price, not analysts with their opinion.
So, as we are approaching major resistance area after a long run, I wouldn't be chasing (initiating new positions) here. Better to wait for another "consolidation and break" setup or maybe even reversal setup just to catch tactical pullback.
I will put my levels in front of me, to measure the sentiment. For active traders, the higher it holds the higher is probability of continuation move to the upside. We have $208.60 active support level, then $207 gap support
BITCOIN: The coming hours there will be some nice red candles.The double top of yesterday broke down, although it did not go straight down to 240, we were able to take profit. Unfortunately that same pattern is not visible on the huobi charts, where there was a weird head and shoulder / triple top-ish pattern. Nevertheless, all charts where pointing down.
Today I use BTC / CNY on huobi for chart because it illustrates a perfect bearish wedge which is about to break, most likely to the downside. Time to stay alert, wait for the break down and open shorts with a very tight stop loss just above the lower trend line of the current wedge. When the break down occurs, it will be a FACT that we will visit 1540 support (which is about 245 USD, same target as called yesterday, it is still valid).
I think we will see some nice rebound after 245, so stay tuned as I will update as soon as the current targets are reached.
Good luck!
Watch ListKeep the Euro on your radar screen. It's consolidating and will most likely move soon. She's come a long way so another move down could result in a snap back rally. If she breaks to the upside first look for a re-test of the break down lows.
Looks like a nice bounce for the EURUSD Playing the price action I am going to wait till end of hour to confirm a bounce and then either jump in a LONG position or a SHORT position depending on the results of the next bar.
USD/RUB A+ set-up when fundamentals and technicals join togetherthe U.S. and the European Union announced a fresh round of sanctions against Russia on Wednesday 16 of July following the annexation of Crimea back in March and ongoing tensions in the east of Ukraine. The U.S. package was the largest round of penalties so far, with Russia's oil producer Rosneft hit as well as other energy, financial and defense firms.
Technically USD/RUB came into play after new portion of sanctions were announced against Russia. In February 2014, currency pair broke up major resistance level at 33.50 and had nice follow through to 37.00. During this period of mark-up it was nicely controlled and followed by 8 and 21 EMAs. In April price entered into consolidation, after it dropped its 8 and 21 first time since break up. Break down of this range lead to move lower to 200 EMA. Bear chanel was created with series of lower highs and lower lows. But after price bounced off from support which acted like resistance earlier, then broke up this chanel, regained all key moving averages and had a nice 2nd day follow through. Lets see if it can build some construction above 34.43-34.59 support zone - break out point and moving averages. It will be healthy to see some digestion after six days move up in a row. And then it may continue higher. Next reasonable level of resistance is 35.35 - break down point of April's consolidation.
COST break up of consolidationCostco caught up some buying momentum after it broke up its consolidation resistance at $116.60 and had 2 days of follow through. Price found top at $126 and was sold off to $110 which acts like major support for this stock.
It was out of play for couple of months but for now if it will hold above breakout point it will keep active traders attention.
Higher lows and higher highs tell us that buyers are in control. Next important resistance is at $120 which could be our target.
FTSE100 sitting on major resistance FTSE reached major level of resistance after Reversal Candle, then it regained moving averages and borke bear channel. That attracted many active buyers and we had nice follow through into major resistance 6875-94 that is in tact since May 2013. On Friday, it closed with doji, holding near top. At this point I think we need some kinf of rest or sideways action (upper-level base or flag) before it will break up to new highs. I am watching for tactical short and will use my 8/21 EMAs to measure strength of this recent move. The higher it will hold the higher is probability that it will continue going up.
