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Continuation-pullback

Anticipating CAD/JPY's Bearish Breakout: Technical AnalysisHey, fellow traders! I'm keeping a close eye on CAD/JPY as it looks bearish and could potentially head south. In my technical analysis, I've spotted a trendline and RSI divergence that could indicate slowing momentum, along with a sweet continuation pattern in the price action. If we break the key "support/resistance area," the pair could drop as low as 97.5. That's why I'm planning to wait for a pullback before taking any action in the market. But for those of you who are considering shorting CAD/JPY, keep an eye out for these signals as they could indicate a prime opportunity to make some profits. Overall, it's essential to stay vigilant and monitor the trends and indicators to make informed trading decisions. I hope this analysis helps you in your trading journey. Happy trading!
Short
by natron
EURGBP 4 HOUR BULLISH CONTINUATION TRADEAfter breaking out of last weeks ascending triangle the EURGBP is offering a second opportunity for those looking to get long in a form of a retest of the pattern. We close with a decent candlestick combination so for an aggressive trader this could be an order that gets executed on the open. Projections higher are based mainly on a 1 to 1 measured move (ab=cd pattern) and the use of the Fibonacci extension tool. There is a level of structure looking left but nothing too significant in my eyes. For a video walkthrough of this setup please watch my youtube video titled "TRADING LESSON - How To Project Profit Targets" starting at the 8:20 mark I hope you guys enjoy your weekend! Akil
Long
by Akil_Stokes
CADCHF - LONG TERM CONTINUATION - SHORT TRADECADCHF Multi timeframe analysis. This is a short trade taking the WEEKLY downtrend/RANGE as my bias using the Daily all the way down to the One Minute to pinpoint my entry. 1. Weekly Downtrend Continuation 2. Price at the ABCD Pattern with perfect ratios 3. Price has spiked out of every ADR channel at the high from the Daily - One Minute 4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case 5. Enter Trade T1. Target 1 is the closest Weekly Pivot to a 38.2 retracement of the pattern setup (Will be adjusted if the trade is carried across weeks) T2. Target 2 is price spiking below the highest timeframes ADR channel, in this case, the Four Hour (Will be adjusted if the trade is carried across weeks) T3. Target 3 is a spike below the Weekly ADR signaling a change in bias (Used more for trend position building VS expecting the price to reach it every trade)
Short
by Vanlla
$xlu continuation patterns across the board!-higher time frame showing healthy pullback in defined uptrend finding support at 53.3x area -mid time frame shows range bound action after a quick downtrend/ signs of accumulation are seen in range bound equilibrium -momentum is strengthening upward along with volume pressure -spring candle/pinbar found on mid time frame finding quick support at 53.3x area shows buyers conviction multiple retests of resistance area 53.6x area shows weakness and high probability of breaking out lower time frame supports previously mentioned idea with price action making higher lows and higher highs into resistance showing buyers conviction with rising rsi
AMEX:XLULong
by inco1