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Bullish Rectangle

EURUSD BEARISH BIAS 20.10.04Head and Shoulders or Double Top Potential of these two Bearish patterns coming up. Confirmation on the Fibonacci will be supported by price breaking through 1.17000/1.16900 Selling only if price breaks solid below 1.16900, exit at 1.16449 Bearish Bias is wrong if price breaks solid (not wick) above 1.17550/1.17600 Bullish Rectangle / Bullish Pennant continuation pattern will form. This post does not provide financial advice. It is to provide and contribute my trading ideas. Trade with courage and caution. May the pips be in your favor.
by DokuFX
$SYK moving higher again?NYSE:SYK Strong company in a competitive sector. Traded in the 220s in the middle of last year. Gapped down after an earning's miss. Then, it's been trading in two consecutive bull rectangles that has lifted the price closer to previous highs. Some analysts have PTs in the 220-230s. Looking for a pop over an old pivot point to continue higher. Maybe it trades sideways or in another bullish rectangle until a late April earnings report sets it over the top.
NYSE:SYKLong
by napatrader
XAUUSD - H1 - Prediction Bullish Rectangle PatternXAUUSD - H1 - Prediction Bullish Rectangle Pattern @ Trade: A trade setup occurs when a price closes outside the trend line after at least two penetrations on each side of the boundaries. Trades are entered on a follow-up bar at "high above the breakout bar or "low" below the breakdown bar. Potential Entry Line at @1230.13 Target: Targets in "Rectangle" formations are based on the depth of the rectangle pattern. The pattern is reliable, and targets are usually set at 70 to 100% of the depth of rectangle from the trade entry. at @1236.61 Stop: Rectangle patterns fail when prices retrace in to the middle of the rectangle channel. Place a "stop" order just below/above the middle of the channel. at @1226.75
FOREXCOM:XAUUSDLong
by erbe
Waves about to breakout - WAVES:BTC Analysis.Hello everyone and welcome to this analysis on BINANCE:WAVESBTC . On this analysis I will use the EMA crossing strategy on the hour chart. Usually I am using it in wider timeframes too avoid fakeouts. Reminder on EMA crossing strategy: -RSI under 70 -EMA 26 crosses EMA 52 -Low volume on MACD (optional) -4 hours chart (for 4%-10% gains) -1 hour chart (for 3%-6% gains) As you can see the technical tool that I am using and has been rewarding to me is based on the EMA 52,26,12. A crossover of the EMA 52 and 26 is a sign of a beginning of a trend. In this case you can see that the EMA 26 has crossed the EMA 52 few hours ago, but has not yet started the breakout that we are here to catch. I have drawn what represents a bullish rectangle (in blue) in which the price has been trading and is expected to make its run up. In order to assess if the price will make a move upward or downward, the EMA crossing strategy helps us make a decision. The fact that the EMA crossover happened few hours ago is not a problem considering the fact that if the breakout did not occur already then the price is likely to have a short pullback before exploding. To support the potential breakout, MACD is showing a bullish crossover as well. Conservative Approach: Enter just above upper edge of rectangle. (Around 6366 Satoshis) Stop loss under upper edge of rectangle. (Around 6208 Satoshis) Take profit at just under 7000 Satoshis. (+5%) Aggressive Approach: Enter at market. Stop loss just under EMA 52. (Around 6000 satoshis) Take profit around 6600. (+6,5%) N.B: This strategy safely works for short term price movements. For example, my take profits are usually between 4 and 8%. Additionally, I use 2% of my portfolio per trade with a risk/reward ratio of 2. **This is my set up and I am sharing that with you for educational purpose. This isn't, in any case, financial advice.**
WLong
by SamLazno
BCH get that CASH!!! (BCHUSDT)Hello everyone. Hope the recent bullish market is finding you in good spirits. I wanted to talk about a likely target for Bitcoin Cash(BCH). With the recent bullish trend taking over, I think it's important to show a realistic target for this cute coin, not just "MOOOOON". So here it is: -A Bullish Rectangle formed recently -Price action broke above it -The target for a Rectangle is the height of it, ADDED to the top. Both of these are shown by the vertical black dots. -MACD, RSI, and moving averages are all looking bullish, with no divergence in sight(at least not now). -I expect BCH to keep moving towards this target until indicators provide evidence otherwise(such as a negative divergence or crossover). I will keep you all updated with the action. Until then, Stay healthy folks <3 -Dr. Don't Watch ^_^
Long
by DontWatchDoc
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