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Chartpatterntrading

SPX: This Channel Might Change the Trend.• SPX is inside a Descending Channel, as seen in the 1h chart; • Despite the bearish momentum in the 1h chart, the trend is still bullish in the daily chart, as the SPX is still doing higher highs/lows and it is above the 21 ema; • However, if it loses the 21 ema, or does a downwards breakout from this channel, then the bullish bias might reverse in the daily chart (mid-term trend); • On the other hand, the index would have to do a clear upwards breakout from this channel in order to materialize a bullish continuation pattern; • This bullish scenario would take us to 4,218, our next target, and an open gap from August last year; • For now, let’s pay attention on how the index will react inside this channel. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
Double Top on GBP/USD @ D1A double top pattern has formed on the daily chart of the GBP/USD currency pair. You can use it as a short trade setup on a bearish breakout. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height below the neckline). My potential take-profit level is at the green line (100% of the pattern's height below the neckline). My potential stop-loss is not shown on the chart and will be set to the high of the breakout candle or to the high of the preceding candle should the breakout one trade mostly outside the pattern's borders. I will ignore bullish breakouts from this trend-reversal pattern.
Short
by AndriyMoraru
1
Short SOLUSD FOR SHORT TERM. 1:3 RRSolana is an open-source blockchain platform that aims to provide fast, secure, and scalable decentralized solutions. Solana's native cryptocurrency is called SOL, and it serves as the primary token for transactions and fees on the Solana network. If you are looking to trade Solana (SOL) on a 15-minute time frame with a 2% risk, it means that you would be analyzing price movements of SOL over 15-minute increments and limiting your potential losses to 2% of your trading account. This is a common approach in risk management for traders and investors, as it helps them to control their exposure to losses and keep their trading capital safe. It's important to note that no investment strategy is foolproof and there are always risks involved when trading cryptocurrencies. Before making any trade, it's advisable to carefully consider your investment objectives, risk tolerance, and market conditions to determine if Solana (SOL) is a suitable investment for you. Additionally, it's important to do your own research, understand the technology and economics behind Solana, and stay up-to-date with the latest developments in the Solana ecosystem.
Short
by shahjee007
It's AAVE---Long IDEAHello everyone; This Idea is for AAVE/USDT, spot pair, BUT It's Tradable on AAVE's Laveraged token as well . So Aave has multi divergences at various Time frames, BuT we are Looking at ones on D and W charts, I Marked Them with brush, They are visible on RSI,AwsomeOS and... We are Also at 50% FIB Support, And of course a Giant BAT Pattern which is pretty much complete! -So You can open your orders NOW or after confirmation on spot or ETF . I Marked The First and second Targets on it,it may go Higher But .. GOOD LUCK!
Long
by Paarham
2
EURGBP - SHORT IDEA! BREAKOUT THEN RETEST!ok, hi traders! we're coming to a 4H support level on our 4H chart, however on the daily it's currently bearish and making it's way down towards that crucial daily support area/touching the trendline. as you can see on my chart, i'm looking for that breakout + retest confirmation before any sells! the target I am looking to reach is a very strong 4H/DAILY zone that I would love to see A counter reversal! all we can do is let's see what the wave shall be and let's surf it! good luck traders! manage risk accordingly! thank you, comment and share knowledge with me!
Short
by RJLfamily
Symmetrical Triangle on EUR/CHF @ D1EUR/CHF is currently showing a symmetrical triangle pattern following a long-term uptrend on the daily chart. It can now be used as a continuation trigger for a bullish breakout trading opportunity. My potential entry will be placed at 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 apex (0.98739).
Long
by AndriyMoraru
BTCUSD Pullback to Neckline AccomplishedPrice action pulled back to the dynamic neckline resistance from the major Head and Shoulders in formation. From the chart pattern perspective, this phase can considered a important turn-point, which psychological terms can rise interests for the bearish-side and growth of bearishness of market. In addiction, retroactive Fibonacci retracement potential fractal suggest a 88.6% targe in decline to fill in confluence to the potential double-down correction from this H&S. Classical short setup. In addiction, a strong reaction by buyers HODLers can be expected in a potential bounce from the Anchored VWAP of 2018 low, which is a strong area of interest / equilibrium to fill. If the price breaks-down the demand, a new phase of bearish leg-downwards / collapse can plays-out, which will lead us to a capitulate.
BITSTAMP:BTCUSDShort
by firmestudio
19
Double Bottom on GBP/JPY @ D1The double bottom chart pattern has formed on the daily timeframe chart of GBP/JPY following a downtrend. I will use this formation as a potential bullish entry. The two bottoms are marked on the chart. The neckline is marked with the upper yellow line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. A stop-loss (not shown on the chart) will be set to the low of the breakout candle or to the low of the preceding candle should the breakout one appear mostly outside the pattern's borders. I will ignore a bearish breakout from this bullish pattern.
Long
by AndriyMoraru
1
Ascending Triangle on GBP/CHF @ H4This short-term ascending triangle pattern appears on the H4 chart of GBP/CHF. I am planning to use it for a long breakout opportunity. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. The stop-loss is to be set to the triangle's bottom point at 1.13090. I will ignore downside breakouts from this bullish continuation pattern.
Long
by AndriyMoraru
3