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#EURAUD H&S pattern confirmationHello, traders. I hope you all had a great week. Let's take a closer look at the EURAUD chart, which currently appears to be forming a reverse Head and Shoulders pattern. One positive aspect of this chart pattern is that the price has formed it within a strong support zone, including the Daily Bullish trendline and the previous Daily market top, which is now acting as support for the price. You can observe both of these elements when you review the Daily time frame. The presence of a bullish chart pattern around a significant low or support area certainly enhances the likelihood of the formation moving in the expected direction. Now, to execute this trade, I would recommend patiently waiting for a retest of the broken neckline and then targeting the minimum one-to-one price target of the head and shoulders target. However, it might be a good strategy to consider taking partial profits along the way up.
Long
by mohemati
4
NIFTYBANK WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:BANKNIFTYShort
by Tradelikemee
BluetonaFX - USDCAD Descending Triangle SHORT IdeaHi Traders! There is a descending triangle forming on the USDCAD 4H chart, and there may be possible opportunities for short entries leading to a potential support trendline break. Price Action 📊 The market has had lower market swings filled with lower highs and lower lows since, along with a recent upside rejection candle and break below the 20 EMA, creating a descending triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line and continue to the downside. Fundamental Analysis 📰 Though the market's outlook on the USD is still very positive due to very strong data recently released along with continued positive statements from the Federal Reserve, there is possibility that traders are profit-taking on USD pairs meaning that new waves of buyers will be needed for any bullish momentum to take over.   Support 📉 1.35693: TRENDLINE SUPPORT Resistance 📈 1.36743: TRENDLINE RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
GALA USDT 1 Day TF Bullish MomentumBINANCE:GALAUSDT GALA USDT 1 Day TF Analysis. Bullish Momentum Shows Examining the GALA USDT price action, we notice promising indications of bullish momentum. After a 10-day consolidation period, Currently break the H.L that is also good sign for price move upward direction in coming days. (RSI) is also showing a bullish divergence on the charts, further supporting the bullish case. Traders may consider long positions with a tight stop loss (SL) strategy. Disclaimer: It's essential to emphasize that this information is not intended as financial advice. Conduct thorough research and due diligence before making any trading decisions. Financial markets carry inherent risks due to their volatility, and the provided information is for informational purposes only.
Long
by ChartsInsights
BluetonaFX - USDCAD Cup & Handle Pattern SHORT IdeaHi Traders! There is a potential cup and handle pattern forming on the 4H USDCAD chart, and there is potential for further moves to the downside depending on whether we get an important support price break. Price Action 📊 The market has had an up wave to start the cup pattern and a down wave to finish the cup pattern. The market has now almost reached our support level at 1.35618, and there is potential here for a market consolidation period, which will be the cup handle. We are looking for a momentum price break and a close below the support line at 1.35618 for further continuation to the downside. Fundamental Analysis 📰 Traders are currently nervous about the US dollar. With the Fed Minutes meeting tomorrow, the market will be looking for hawkish statements from the Fed in response to the very strong economic data recently published.   Support 📉 1.35618: SUPPORT LINE Resistance 📈 1.36022: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
Symmetrical Triangle on EUR/GBP @ D1EUR/GBP has entered a symmetrical triangle pattern on its daily chart. It can be used for a trend continuation breakout setup. My potential entry is marked by the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the upper border. I will set my stop-loss to the triangle's lower angle (0.86141). I will ignore bearish breakouts from this formation.
Long
by AndriyMoraru