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Continuation-pattern

AUD / USD 0.71259 -0.66 % SHORT IDEA * CONTINUATION PATTERNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE AUD / DOLLAR * The PAIR has been trading in a possible descending channel, we just had a break of structure possibly signaling continuation to the down side. - Short term the pair is in a down trend on the 4h chart this. - Looking for short entries on the THE PAIR this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
APPLE - Falling From The Tree!Hello everyone, if you like the idea, do not forget to support with a like and follow. APPLE rejected its all-time-high and now falling down, so we are currently in a down-trend. on H1: APPLE is forming a symmetrical triangle (pennant) in red but the lower trendline is not valid yet (as it only connects two swing lows) so we will be waiting for a third swing low to form around it to consider it valid. Trigger: Waiting for a momentum candle close below the gray area (the entire structure) to sell. When the sell is activated, a downward movement would be expected equal to the previous impulse. and until the sell is activated, this one would be overall bullish and can still break the upper red trendline and test the all-time-high again before falling. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:AAPLShort
by TheSignalyst
91
RVNUSD looks for a better support zone. Where are the targets? Hi, In the past days RVNUSD has broken out of the consolidation and is now retesting the .78 of the rally. Typical for a confirmation is a break above or below a valid resistance or support and retest to confirm its value in the market. Exactly that has happened yesterday and we have seen a volatile answer to the retest of the intersection between the boarder of the consolidation and the 0.78 line of the small move to the upside which took place after the flat correction of the rally earlier this year. To find out where the price is moving to we simply measure the heights of the consolidation and project it at the place where the breakout occured. The middle line is a target as well as other valid support zones in that area. These are in the first place monthly support zones and fibonacci retracements of the rally as well as the target zones of the consolidation . The intersection between them can give good opportunities to spot opportunities to sell or to buy since they are often the places where reversal or continuation patterns are formed. Before entering a trade wait until the common centre line is broken and check the fundamentals and the market before entering the trade. I advise to use a top-down strategy as well as multiple timeframes to perform well in the markets. If you would like to learn more about technical analyses please check out George Beaulieu on youtube. Thank you very much for reading and f you would like to see more analyses about this particular instrument please give the thumbs up or let me know what you think in the comments below. Be happy and trade with care Heish
Short
by MeruEU
CHFJPY - 2 Harmonic trend continuation opportunities Hello traders, 2 nice harmonic patterns on CHFJPY 0.11% to hop in the trend. Reason for entry: Price broke a major support level on the daily TF. That gives me a reason to short any harmonic move's into the previous outside return. Pattern 1 (blue) - Potential Cypher: Entry: 113,882 SL: 114,577 T: 111,501 Pattern 2 (pink) - Potential Gartley: Entry: 113,057 SL: 113,595 T: 111,501 Lets see if one of these (or borth ofcourse) patterns can complete Have a great week of trading Regards
Short
by TimBrent
DXY: Dollar Index - 12 day Continuation Pattern OverDXY Dollar Index The DXY counter-rally (far left arrow) shows a 12 day continuation pattern from 1st December to 12th before DXY falls out of the parallels as the decline continues. The right- hand arrow also shows a 12 day continuation pattern from 1st February to 12th before DXY once again loses the parallel and begins to fall away again. Having broken down through 90.02 it should fall away to the 89.61 line and then begin to put up more of a fight - can dip to 89.51 and bounce and whipsaw at 89.61 to 89.51 and maybe spike as low as 89.30 but DXY must hold here at lowest today to avoid another retest of the lows at 888.72 - 8843 range. So far this DXY rally is no more than a continuation pattern within the overall downtrend. But Dollar bulls still have the minor double bottom at 88.50-88.40 on their side and will likely fight hard to protect these levels again if retested later this week.
TVC:DXYShort
by sumastardon
BCHUSD Continuation pattern and key break/buy pointsBCHUSD Update Near Term and Break Points Near Term BCH ran out of upside momentum, double topping at 1461 though this level was actually briefly exceeded, snapping at any bear stops just above it before fading, and showing first quite big red bull engulfing candle off the high of the day...mild rejection, not hot but not cold either, except in very near term - what looks like a continuation pattern is now being hammered out and will likely have further to run yet...3 strikes on the lower parallel shows it's not 'hot' and has to unwind some more, likely recoiling from 1413 - when tested (and almost certainly from the two lines of dynamic resistance waiting just above price to clip any nascent rally in the bud at 1425 now) ...looks like it's a sell one more time from 1413-1426 range and a reverse long at 1351 ideally, or off the lower smallest parallel that this little continuation pattern is running in now. Break Points An eventual break above the upper smallest parallel that holds back price today should be followed (usual drill on breakouts) for a rally to 1620-1638 minimum and 1766 maximum in near term On downside: A break below 1347 would tip BCH from neutral to negative in the near term triggering a short back to 1286 and if this was to fail to 1245.
B
by sumastardon
2
Bitcoin: BTCUSD Continuation pattern prior to next move upwardsBitcoin If already long from 7010 touch on larger parallel stops need to stay under 7070 for now. It's making a small continuation pattern now prior to moving higher - if we do get stopped out look either to buy from a test of the lower pair of parallels it's now tracking (hope we don't see that but we could) or failing that the next buy trigger will come on a break above the the upper parallel that it's tracking below now.
BITSTAMP:BTCUSDLong
by sumastardon
1
EURUSD: Continuation pattern prior to next decline still in playEURUSD It's plain to see that this this pattern is still one of continuation and eventually EUR should break the lower parallel containing this week's minor corrective up-wave and come much lower still...so am not looking to buy dips, more to sell the EUR rallies back to the upper parallel, looking for much lower values once the parallel gives way... Whilst being written another pin bar of heavy selling has been created, only confirming that this is a sucker's rally. This time we need to keep away from the EUR cookie jar. It's pretty much empty. The last hour of trading only adds weight to that outlook. Look to sell from the smaller upper parallel if retested and then to sell again once the lower parallel is broken on the downside. EUR has much further to fall over the coming weeks, as per recent comments.
by sumastardon
EURUSD Continuation pattern under the necklineEURUSD Friday Update Although now flat on all pairs escept USDJPY, still believe EUR is going to weaken, just not convinced there's enough impetus right now to force it back lower into new lows with any real power behind it. It's either going to fail here, as it's back testing the neckline of the head and shoulders looming above it - high in London at 1.1671, so if you're still short from 1.1648-1.1665 with stop 15 points higher at 1.1680 it hasn't been hit yet and it probably will come off from here so it's Ok to short with same stops as above, at 1.1680 but only for 40 pips or so back to 1.1613 - then look to close out as it will likely rally again from around here (Unless you catch this short from the neckline at 1.1665 risk reward ratios are not worth chasing for these few pips - 2 to 1 shots are hardly worth the risk, imo, but you may be OK with that) ...we then need to see it trade 15 pips lower, to 1.1598 to trigger a new short, looking to get in on the next minor pull-back for a move down to 1.1482 initially. The other point where we can expect a reversal for EUR, if not from here, will be off the upper parallel and will require the following price action to become reality: Eur will have to break above the neckline at 1.1665, then bust the stop 15 pips higher. Time, then to switch into longs for a move up to the parallel where will look to go short once more. So far price action on this pair all week has been a continuation pattern under the neck-line, suggesting further weakness for EUR soon - but annoyingly the pattern can play out a while longer and this period of range trading within the range set out for the week so far could well persist for a day or two more - OK for day traders but no help for swingers... for them we need to see a break out of this week's range, as outlined above. Too long writing this...in the time it's taken EUR has already fallen 16 pips...too much waffle! But am out this afternoon Uk time so have tried to cover every eventuality I can see - too much information though. Will try to paraphrase in future
Short
by sumastardon