Bullflagpattern
EURUSD 1.14251 + 0.37 % LONG IDEA * CONTINUATION PTTNS Good Day Everyone
A look at the EURUSD from the 4H chart the pair has been in a uptrend since breaking out of that descending triangle currently just broke out of a bullish flag which could be signalling a continuation to the upside on the pair.
the pair is currently retesting the bullish flag structure upon close this past week looking for continuation to the upside of this move. lets see how it goes will be holding the trade on swing for the week...
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Bull flag or not ? Is this a Bull flag pattern or continuation of the downtrend channel ?
We will know soon :)
Chachain
-------------
Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
LENDUSDT | BULL-FLAG | .618 Fibonacci | Trade Setup Todays Analysis – LENDUSDT – Breaching its bear-flag neckline looking for a trend continuation.
Points to consider:
- Support Confluence (higher low)
- Bull-flag (trend continuation)
- 55 EMA (visual guide)
- Increasing Volume
- RSI above 50
- Stochastics overbought
LEND held local support, in confluence with .618 Fibonacci retracement upon retest of the key level, establishing a higher low, further solidifying the importance of the level
S/R flip of the bull flag neckline further establishes a bullish bias in the market.
The 55 EMA will act as dynamic support and a visual guide, assisting in trade management.
An increase in bull volume nodes is present; further influx of volume will be essential for price action follow-through.
RSI has broken above 50 showing increasing strength in the market, ranging above 50 will maintain the bullish bias. Stochastics reaching oversold conditions and may remain there for some time.
Overall, in my opinion, A long trade is validated to the technical target above with risk defined below .618 Fibonacci retracement.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
Inverse Head & Shoulders /& Bull flagPotential bull flag looks like it could complete the formation of an inverse head and shoulders, both indicating bullish price action. Although this can indicate bullish price action BTC/USD would have to drop to around the low 7k range to make these formations valid and before expecting price action to break to the upside.
AUDCAD a long idea 🦐 The market after a sharp rise took a break in a consolidation bull flag and now seem to continue the bull momentum.
If the price will manage to go over the structure we can look for a nice long order according to our strategy.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Could EXPI be going further upEXPI is already trading close to 3 months high and has announced yesterday that they will be having an investor conference on 19/06/2020
It has quite recenty had a huge bull flag and now currently having a sort of consolidation period within the channel.
I'd say that the stock is getting prepared to go higher highs soon within the next 3 working days.
what do you guys think ?
Could EXPI be going further upEXPI is already trading close to 3 months high and has announced yesterday that they will be having an investor conference on 19/06/2020
It has quite recently had a huge bull flag and now currently having a sort of consolidation period within the channel.
I'd say that the stock is getting prepared to go higher highs soon within the next 3 working days.
what do you guys think ?
TLRAY INC |Bull Flag | S/R Flip | Clean Trade Setup Today’s Chart - TLRAY INC – Currently consolidating in a bull-flag formation above structural support.
Points to consider:
- Structural support retest (S/R Flip confirmation)
- Bull-flag formation
- Below average volume
- RSI trading above 50
TLRAYs S/R flip has been confirmed with a retest of structural support, the immediate target now structural resistance.
Volume nodes are below average, bulls need to see an influx out of the probable bull flag formation to support the bullish bias
RSI is above 50, showing reasonable strength in the current market
Overall, in my opinion, a bullish breakout is imminent. A long trade will be validated on a retest of the neckline (conservative entry) or a break of the bull flag (aggressive entry) as both technical targets align with structural resistance.
“When you smoke herb, it reveals you to yourself.” – Bob Marley
EURNZD Trade idea long opportunityWe can see that price is in an uptrend on the daily chart. It has recently broken through a key daily level at 1.7628. Looking for price to find support within the bull flag around 1.7212. I would look for a buy around this area with and secure profits near previous support. I expect previous support to act as resistance and price to move back down to the daily trendline before making the big bullish move.
Retest of the bull flag We just experienced a break out from the symmetrical triangle which is a bull flag and then dump back down into the flag usually with these cases we have a test of the bottom support which is the ideal time to buy
BUY: at the bottom of the triangle support
Stop loss: move along the bottom support as it moves up if we lose the bottom support we can close our position
TARGET : 14 k