Gold BullishBullish head and shoulders pattern is prevalent on the Gold daily chart.
It is trading inside a bullish trend channel and currently forming the right shoulder which, so far, is failing to trade near the bottom of the channel creating that higher right shoulder which is a strong confirmation of the direction of the possible continuation.
2450 will be tested before retreating to grab more bulls. The possibility of a failed head and shoulders (on pattern #2) is still on the table. In that case 2350 support level will be tested. Let's see what happens
Channel_breakout
COLPAL- Weekly/Monthly Timeframe-Channel BreakoutNSE:COLPAL
COLPAL is looking bullish in weekly/monthly time frame. Last month there was a rejection from the top. However, it did not receive follow up for bearish momentum. Instead, stock has took support on last month’s closing levels 1590-1600.
This is the good opportunity to go long if monthly/weekly candle closes near 1700-1710.
We may see a big upside momentum in upcoming months.
SL: 1580-1585.
This idea is only for educational purpose, please manage your risk accordingly.
Yemi_Fx1 | Going short on AUDUSDPrice moved out of the reversal pattern (ascending channel) impulsively. Currently I'm waiting for the complete formation of flag continuation pattern.
A risk entry type within the flag at an area of value will be suitable.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
ADA Channel Breakout ImminentThings are getting tight for ADA on the smaller time frames, which could set up a nice trade in either direction. Things to keep an eye on are the EMA and MA ribbons, as they will be acting as resistance. Shown below for reference Potential trade setup: Looking to scale out at 1.48 (9.4%) on a long and 1.18 (6.5%) on a short . Be cautious of fake outs in either direction.
My next trade entry hey guys.
there's a lot of positivity in my next trade entry.
Reason for entry
- previous support was broken and now turn to resistance
- a retest occurred and a pin bar (shooting star) was on retest
-ascending channel was formed which is know as a trend reversal in HH
- channel was broken and a retest occurred
this are my reasons for my next entry. GOOD LUCK
ensure you have stop loss and risk management.
GBPUSD Weekly Breakout and TargetWeekly candle has broken out of an old pitchfork channel I had on GBPUSD.. Acknowledging the likelyhood of a retest of support/resistance, I'd say it's a great set up for me.
Low volume nodes make excellent targets.
~180 pips for grabs here, if we tap the target low volume node area.
AST- low-cap speculation/gamble. Long if weekly S/R lvl holdAs DEXes trading volume approach or even exceed that of centralized exchanges, speculators are pushing up the price of DEX tokens.
AirSwap has the market cap of around 35 millions and is a speculative DEX token that has a lot of upside potential.
Long now or wait until the weekly S/R lvl is successfully retested.
CAD/JPY AnalysisThe price has broken out of the Ascending Channel and went up straight into the liquidity zone and reached the weekly supply level, targeting the 80 mark.
The sellers defended the zone and forced price down to the top of the Ascending Channel. Price bounced from 79.40 (which is the top of the ascending channel and also a Fibonacci support area). First move (Buy) completed. Buyers have pushed price backed into the liquidity zone and with good news coming from Canada (CPI was 1.10%, better than expected).
Will the Buyers break the 80 mark or will the Sellers win and delay the breakout?
Aion crash or Aion moon from Bitcoin sell off?Is Aion going to fall into the Abyss or Moon because of BTC sell-off...
At the moment it looks like we are in a Bear Flag but with Bitcoin in a Descending Triangle are we in for some profits?
What's your opinion?
PAH - Downward channel breakout Long from $10.54 to $13.43PAH seems ready as a Long trade. It appears to be just broken out a smaller frame downward channel and now sitting along support. It also seems breaking out of a larger frame downward channel as well. It has good insider buying. Overall it looks very interesting long setup.
* Trade Criteria *
Date First Found- May 7, 2018
Pattern/Why- Downward channel breakout Long
Entry Criteria- Potential entry here, or could wait for a break above $10.93
Exit Criteria- 1st Target $11.87, 2nd Target $13.43
Stop Loss Criteria- N/A
Indicator Notes- Twiggs money flow crossed to the positive side.
Special Note- Good insider buying, good $ amounts
Please check back for Trade updates. (Note: Trade update is little delayed here.)