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Continuation

CADCHF Bird's Eye ViewThe lower timeframes have price action pointing downwards to 0.072200. The core resistance levels on these lower tfs overlap with the current volume-price divergence on the Weekly. On the flip side 0.072200 could turn into a PRZ due to the possibility of the formation of a Bullish Crab pattern at that level sandwiching the PRZ between 0.072200 and 0.071167 (which is strong support that is yet to be tested. Lest we also forget the bullish divergence on the bullish monthly candles of March and April (Yup we are sitting right on that!). I will post the bearish price structure I have placed my stop loss above and we will see if it will hold or not.
Short
by GZTCompositeMan
BCCBTC Continuation Flag PatternSpotted a tight flag pattern on Bitcoin Cash with good strong volume. This is one of my favorite chart patterns. High probability of reaching target shown in GREEN only IF/WHEN it break the top of the pole, otherwise no trade. Waiting for a trigger above the pole to enter into a LONG position. Using a STOP-LIMIT order is the best method. Please give this trade idea a THUMBS UP and I will keep you updated! Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
BLong
by hedgewithcrypto
AMD, bullish pennant formation AMD, classic bullish pennant formation. Look for unusual green volume at the apex of the pennant for a breakout confirmation. measuring objective based off the previous bull flag is a 31$ target. However analysts upgraded there target to 30$ therefore i adjusted the target to 29-30. back in march of 2001 there was a similar pennant formation that broke up to >=30. This gives more confidence that the primary bull trend is in its continuation phase.
NASDAQ:AMDLong
by edwinguy99
1
BTCUSD: Shallow Retrace Hints At Break Out To 7500.BTCUSD update: Price is hesitating just under the bearish trend line that has been established since early August. While at the same time, the bullish trend line is also still intact. Which way is it more likely to go? In my recent Bitcoin article on S.C., I explained the increasing risk of retrace as price pushed into the 7Ks. There is no reason to buy into a high, but there are occasional exceptions. The previous candle has closed as a pin bar. By doing this, price managed to maintain the bullish trend line. This is a sign of strength and a likely continuation pattern similar to an inside bar. When a market sells off it usually happens fast. The fact that price is holding up certainly supports the bullish argument. It may also be the result of the coming holiday in the U.S. which often unfolds with lighter volume across all major markets. In summary, if the current structure holds, this market is poised to break higher. The trade would certainly be an aggressive one, and those details will be shared with our members. We are not one to buy highs, but shallow pullbacks are an attempt to retrace. If the market can't retrace, it is saying that the bulls still maintain control. The 7500 area is a reasonable expectation if a continuation break out occurs. A close below the bullish trend line will negate this scenario. Begin with the idea and then let the market choose to validate it or not.
BITFINEX:BTCUSD
by MarcPMarkets
15
Long on POR on PullbackPOR has been trending in the upwards direction for quite a while now. It appears to have some excellent volume support on the way up. Where as downward moves result in a reduction in volume. POR has been respecting the 20 EMA for quite sometime and formed a bullish candle today a with the lows at the 20 EMA. POR also has a zacks rank of 2 (buy) which is a good enough rank for a swing trade. It has beaten earnings estimates over the last 4 quarters. It also has a cool 3.14% dividend yield which isn't too bad for some our longer term holders. POR has an ATR of 0.67 at this time which means it wont be making any drastic moves unless something big happens. I will stay in for a couple days to a couple weeks.
NYSE:PORLong
by GoranTrader
GBPNZD – Potential Continuation Triangle BreakoutThere has been growing bearish sentiment for GBP contributed by among other things the lack of progress on Brexit negotiation which might continue. However, it might have been overdone based on COT data as at 21st August and released on 24th August 2018 (please see chart below under update). Whist it is not at absolute extreme level it at a zone where a retracement bounce might develop. Its relative strength against some of the currencies might resurface again even if it struggles against USD. GBPNZD looks more clearer than other GBP pair and note the following observations for bullish trade: 1. Has been in bullish trend channel since Oct 2016. 2. Supported by rising 200 MA on daily chart. 3. Since posting Nov 2017 peak, it has been in sideways consolidation into what could be continuation triangle which appears completed. 4. 50 period RSI also supports potential bullish breakout of the triangle. 5. If 1.9050 area holds then it could offer a long trade with initial target of around 2.0 as whole number and secondary target of 2.1 area. Warning: This is my interpretation of price action using TA approach which I consider helps me the most, but could be completely wrong. Therefore, as always, do your own analysis for your trade requirement and ignore my views. For those who appreciate my analysis, select to follow me and the chart for notification of future updates. Indicate you like my analysis by thumbs up, comments and sharing it with others. If you have an alternative idea then, please be constructive and share for all to learn from. Thank you for taking the time to read my analysis. DanV
Long
by DanV
3