GBPJPY Bullish FlagBullish flag spotted on GBPJPY on H4 time frame. Looking for long time swing buys as far as JPY plummets
Bullish Flag
GBPUSD H4 Bullish FlagBullish flag spotted on GBPUSD on the H4 time frame. Looking for long term buys as far as the dollar plummets
Bullish rectanglePrice is currently consolidating inside a bullish rectangle. A breakout looks very feasible. We can take short-term buy opportunities at the bottom of the channel. We don't want to trade against the trend, so we're not taking any short position.
We patiently await the breakout.
#Risk Management
# Good RR
#Simple chart pattern.
Is it only correction?? Bitcoin on 1D chartBitcoin is currently trading around 58 900USD
Check daily chart. You can see nice uptrend - 21 days and 66% up.
Now we have probably correction - 7days and 13% down.
You can see the diferent - after 21days we have only 7days with downtrend.
Important point - in case of correction price should go up very soon again.
Strong support - 58 600USD, 50-52 000USD
Resistance - 64 000USD and 68 0000USD
Looks like bullflag formation - is important to break bearish resistance and then price could continue up.
SCIENTX BREAKOUTScientx formed a descending triangle after breakout breakout from the bullish flag. And now, it breaks the descending triangle. Scientx is ready to continue its uptrend.
Disclaimer:
This is not a recommendation to buy or to sell securities. This sharing is for education purpose only. Trade at your own risk.
Solana has an interwoven c&h & a bullflag currently in playDotted yellow line leads to the c&h breakout target. Dotted green line heads to the bull flag’s breakout target. We are already above the bullflag pretty significantly, and to get to the bull flags breakout target we would have to both breakout of the cup and handle as well as reach it’s breakout target first. So great bullish confluence to increase the probabilities of both targets being met. *not financial advice*
POSSIBLE 20% MOVE UP FOR XVSAlready in the trade about 10 mins ago.
Dont forget to use a stop-loss
Happy Trading
CADJPY Daily outlookThe Bears tried to take control at the breaker block (91 to 91.3), but the Bulls didn't give up, they continued strong until a Bull flag was kept at that zone.
Hoping that CADJPY will buy further, if price hits the Bull flag, it will be a Long opportunity, that could result into over 200 pip.
VRA/USDT : Possible 300% Rally after a retest on broken zoneKUCOIN:VRAUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
#VRA has formed a CUP & HANDLE pattern here.
However, There is a bearish divergence on RSI and Volatility is moving in over bought zone, So the retracement is expected.
We can set our bids below the the current broken resistance zone, But you need to caution about a close below the zone !
On other side, VRA/BTC has formed a bullish flag in 6H TF :
As you can see there was a falling wedge which is broken now, Also it just formed a stiff support zone at ( 0.0000007196 - 0.0000006863 ).
There's another support below the bullish flag and I expect a pullback from it on mid-term...
So it's more likely to break the flag from above !
🔴 Have to pay attention on BTC's chart, Once more BTC outperform ALTs, Then most of them will bleed badly !
So you can set your invalidation below the mentioned red light on USDT's chart and for BTC's chart you can set it below the current support zone.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Solana!!!! Bull Flag a trap ? In my recent Analysis on Solana I've published About the Bull flag formation in SOLANA
Well its our good that We are Still in profit according to that analysis but Today I have spotted a bear divergence in the RSI
So that means Solana will break in near future ?
Well Reversal can be seen in near 2 or 3 days but can not be much powerful. I also drew the Support zone which is at almost 129USDT,Most probably it can take support from there . Never the less Crypto Alts are dependent on Bitcoin only and BTC showed a massive cup and handle formation also the crypto total market cap On this basis only I am assuming bears are not powerful
However I'm eagerly waiting for your point of views fell happy to share in the comment box !
Best of luck for your trades !!
AMC Shall Repeat? Blessed Are The Pattern Finders! I have found a very interesting correlation to the triangle pattern formations with AMC price and the wave structure within the TMA RSI Divergence Indicator. It would appear we are priming to pump! We need to fill that gap at $38.75 and from there I think we could head up but not necessarily in a straight line. Stay Blessed! NFA, DYOR
EURUSD Going up - PMI beats estimatesHello Traders
Here is a new BUY Opportunity, Eurozone Preliminary Manufacturing PMI beats estimates with 58.5 in October
💹EUR/USD BUY STOP
✅ Entry @1.16450 or above
✅TP-1# 1.16650
✅TP-2# 1.16960
✅TP-3# 1.17450
✅SL# 1.15350
Source: www.fxstreet.com
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
EURUSD-Weekly Market Analysis-Oct21,Wk5On the daily chart, EURUSD has broken and closed below the support. However, the 1-hourly chart, it presents a different view.
There are 2 potential development over here
1) A sideway bounce setup that gives selling opportunity on the red line and buying opportunity on the blue line 43pips opportunity on the 1-hourly chart is not too bad.
2) If the candle breaks and closes above 1.1666, then a Bullish Flag Pattern would complete. However, it is a rather weak Flag Pattern caused by the retracement move on the 1st move. What intrigue me is the completion of the assumed Flag Pattern ends before the Key Resistance Level at 1.1683.
Let's see how this trade pans out.
The Golden Bullflag breakoutWelcome back traders to another weekly view on gold,
Gold is in excellent bullish form and is about to go vertical towards my 1870 target. The weekly closing price has nullified the chances for a retest of 1745, with bulls fortifying their gains 1771+ (23.6 fibo). Now the invalidation price for gold bulls moves up to 1770. Meaning a retest of 1770 is still possible and a break below it will break the current bullish structure. As a matter of fact, gold bulls broke the 2 year weekly bullflag with a weekly candle. This is starting to look like the start of something amazing. Let's analyse this baby.
📊 US GDP
Two very volatile weeks are coming at us in full speed. We have the US GDP next Tuesday planned with a forecasted 3.5% GDP growth. There are rumours on the street who are whispering 0.5% GDP growth in Q3, which basically means the economy flatlined. Hard to guess numbers on this one, but what is sure, is that the GDP is pulling back from 6%. Chinese GDP last week disappointed also with the lowest growth since the start of the pandemic. As I explained before, this is extremely bullish for gold.
🔊 FOMC November 2021
The next risk event follows up rapidly on November 3rd with Powell set to announce the start of tapering, which is very bearish for gold. Whether that they will start in November 15th or December 1st, this day will be a big day in the market that will give direction for some time with gold set to retest the 1720-1725 level and its weekly bullflag breakout.
🔮 Cesaro's Crystal Ball
Current rally has similarities with the start of the rally in spring 2021. I see gold breaking the triple top at 1830 and then go back to make a double bottom at 1720. The Daily & Weekly RSI closed 50+, stochastic RSI is in strong bullish momentum & an H4 golden cross is there to function as a cushion. I expect to see 1840 and 1850 in extension before the end of month with the US GDP to be the fundamental trigger.
Trading remains an art of probabilities and the probabilities are high that the FOMC November meeting will be a reason for gold bears to show their strength. Ofcourse gold can keep blasting up from 1875, but I will keep an eye on that 50 fibo level at 1875 and I expect a strong bearish hostile take over from there to test bullish commitments and their bullflag breakout. Depending on the fundamental situation, bears might break through 1720 & 1680 aiming for 1650. Or... Gold bottoms at 1720, with bulls defending their bullflag breakout and we are heading for the 2000 break after.
Cheers,
Cesaro
