DHLF: waiting for bullish breakout of Inverse Head & Shoulder DHLF was in range bound or in consolidation from the NOV. 2017 to till date, in that process a DHLF has formed a classic bullish pattern called as Inverse Head and Shoulder Pattern. now price are almost trading on supply side and waiting for breakout out from the neck line of Inverse Head & Shoulder pattern, if breakout occur with follow through , we can see min. target of Rs around 820 to 850 in short time frame of three to four month
Trade Setup
time frame : Daily
Go long above 680 to 690
initial Stop loss Below 640
initial target : 820 to 850
Bullishbreakout
BTC Equilibrium Until July If you are long this is the only chart you need. BTC has been in the same Equilibrium Pattern for the last few months. We have had a series of Higher Lows and Lower Highs. The pattern is really beginning to tighten as we get closer and closer to a bullish breakout. Volume from the bears is waning as the pattern tightens. I fully expect a breakout in early to mid July. Buying opportunities can be found at the bottom of the trend line, for both BTC and any Alts you may be looking to accumulate. Happy Trading!
Bullish Divergence on 4H BTC ChartHello my fellow traders, as it looks like it might just break out at any moment let's jump right into this idea. Up top is the 4H BITMEX BXBT chart where we are clearly seeing lower lows (in green) yet the RSI, Stoch and MACD are making higher lows (in green) indicating potential bullish divergence. This pattern is to be traded upon successful close above the yellow dotted line which would be the resistance level.
*For educational purposes only. NOT financial advice.*
CHFJPY Long Trade Setup... Maybe This Time.Hello traders.
This is my 4th long trade setup idea. The first idea stopped out with 1% loss, other 2 were canceled because it made lower lows. Now, we have new on.
I have an entry order above last top with a stop loss below the last bottom. I'm trying to catch the daily up impulse. It will be a very big wave. The possible target is 123.
Hopefully, it will make a bigger correction, before it goes up. So, a trade with the greater risk-to-reward ratio can be found.
Please check the related ideas for more details.
If you think this is a valid forecast and good trade setup, please hit the like button and share.
I appreciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
SPY Breaks above triangle, suggests continuation higher!After Friday's strong session, SPY has broken above its triangle which suggests a continuation higher towards $286 high's from early Feb. This rally has been on relatively low volume so caution is necessary. Today's Doji candle is concerning but weekly charts look strong. Use options to take bullish bets in this type of markets where options are cheap and you can limit your risk with Call Debit Spreads. Example: SPY April 20 278/289 Call Vertical @ $386. See this trade here: app.optionsplay.com
What's your next OptionsPlay?
Bullish Breakout above $270 resistanceStrong relative strength in a sector that's got strong relative strength, primed for a bullish breakout to the upside. Targets $300 resistance level which is the 52-week high. Use options to play bullish breakouts to leverage your trade while limiting your risk. Example: Apr 20 270/300 Call Vertical
Bullish Breakout above $50 resistanceIntel is a stock with strong relative strength in Tech sector that has strong relative strength. This is a good combination for a bullish breakout to continue higher. Use options to play breakouts with limited risk. Example: Apr 20 50/57.5 Call Vertical @ $248
BAC $32.50 Bullish Triangle BreakoutAfter rallying 25% from mid Nov, BAC has been consolidating in a bullish triangle, which is healthy after a long rally. BAC is a strong stock in a strong sector AMEX:XLF which suggests a possible breakout higher as interest rates push higher. The best way to play breakouts is using options to limit your risk. Example: BAC Apr 20 32/35 Call Vertical @ $104
Long Analysis backed by upcoming events-ARN/BTCUpcoming events later this month- Lobbying with Aviation Authorities ;
Token integeration ;
Pilot and company App public launch.
The price action has entered the maturity phase of consolidation with price unable to breach the support(neon green) level.
A bit of divergence has been observed in RSI and MFI marked within the vertical lines.
A movement from the squeezed bollinger bands may be expected with an increase in volume which may be expected due to upcoming events in the instrument in discussion.
Trade may be taken if a bullish break out of the flag occurs.
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DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.
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Good luck! :)
PTX Falling wedge breakoutOnce resistance is broken, I believe we test the gap at $5. If we break $5 resistance, then up to $6.50
NZDCAD: BEARISH CYPHER & DESCENDING TRIANGLE PATTERNS !!!Hello Traders,
We recently just got the completion of a bearish Cypher pattern within the consolidation range, which is in the form of a descending triangle. We are getting a better price on the Cypher pattern with reduced risk, which is always good. So the Cypher pattern short trade setup is active now. Also notice that we just got a strong bullish breakout out of the descending triangle that we have been ranging in for the past 14 days. But we need to wait for additional confirmation in order to make sure, that this is NOT a false breakout. If the market can stay above the triangle for good amount of time without falling right back into the ranging triangle, then we can look to trade the breakout long triangle pattern.
Notice that the entry of the triangle pattern is within the ranging triangle, so I am expecting some type of pin bar reaction as the market comes back to re-test the breakout level. Thus I am only expecting target #1 of Cypher pattern to be completed before switching to a long position, unless price action gives us some other clues to stay with the Cypher trade. Risk to reward on both patterns is very reasonable, but it can be adjusted based on your own risk tolerance. All targets for both patterns have been labelled on the chart above.
Make sure to always focus on the risk that you are willing to take, rather than the reward, it really makes a huge difference in your trading performance and especially in your trading psychology.
That’s all I would like to cover for this trade setup. If you guys have any questions or comments about this trade, feel free to write in the comment section located under this description section. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. All The Best :)
Follow me on Twitter as well: moneymaking2016
NOTE: The overall major trend is still to the downside, thus I am NOT expecting the long trade setup to be like a home run type of trade, that you can stick with for long period of time.
HAPPY GOOD FRIDAY TO EVERYONE IN ADVANCE, ENJOY THE LONG WEEKEND !!!
ZIOP Long: Alternate Bat and Trendline BreakZIOP has completed an alternate bat pattern. The pattern completion is confluent with a .886 fib level on a higher TF structure low to structure high. A trendline was broken and retested on 12/22, indication of possible upcoming bullish movement at the PRZ. A second trendline was broken today, which may be an opportunity to catch the breakout toward .382CD. Entry is placed at the alternate bat PRZ with target at .382CD and SL below structure lows. Look for heavier volume within the next couple of candles.
AUDJPY: BREAKOUT IN BULLISH FLAG PATTERN, WAITING FOR RETEST 4HRHello Traders,
We've been getting several flag patterns lately, mostly in Aussie pairs where the base currency is Aussie. So here we have another valid bullish flag pattern on FX:AUDJPY , where we just got a huge breakout to the upside. This type of breakout was mostly due to the 2 high impact news events that came out yesterday (Nov.11.2015) @ 7:30 pm from Australia. It was the "Employment change" news where the actual value (58.6 K) was significantly higher than the expected value (14.8 K), which might have seemed to cause this huge of a move. See the chart above for more details.
NOTE #1: Watch for the key level @ 87.252 could act as good support level !!!
NOTE #2: The previously posted valid bearish flag pattern on this pair has been invalidated by the market (Link under the related ideas section) !!!
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Follow me on Twitter as well: moneymaking2016
