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Continuationpatterns

US500 3448.3 - 0.02% LONG IDEA * PENNANT CONTINUATION PATTERNSHey Everyone Here's an idea on the S&P500 which broke out of a ascending triangle structure pushed up and is currently trading in a bull flag / pennant formation which could be signalling continuation with the bulls. looking for a break above and continuation of this move. lets see how it goes. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP - 3498.0 SL - 3440.5 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
ULong
by PULEMokhothu
USDCAD 1.31695 - 0.12 % SHORT IDEA * CONTINUATION PATTERNSGood Day Everyone As we saw some DOLLAR recoveries this Friday seems the CAD is correcting this before market close the pair has been trading in a descending channel looking for continuation patterns on the pair we already saw a couple of rejections at resistance level 1.32432 let's see if the bears can keep control of this one going with the weakness of the dollar on this one. let's see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 1.31215 TP 2 - 1.30548 SL - 1.32301 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
2
GBPUSD 1.30854 - 0.79 % LONG IDEA * TREND ANALYSIS + CONTINUATIOGood Day Everyone A look at the DOLLAR / POUND on most fronts the market is closing on the dollar recovery this Friday but the pair is still net long on higher time-frames so still looking for longs in the coming week until the charts say otherwise but coming down to the 4H chart the pair is trading in a pennant formation which could be signalling continuation with the bulls on the so looking for longs on the pound in the coming week. let's see how it goes. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 1.33155 TP 2 - 1.35210 SL - 1.29612 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
AUDUSD 0.71589 - 0.45 % LONG IDEA * REVERSAL PATTERNS , CONTINUGood Day Everyone A look at the uptrend on the AUDUSD pair in which the DOLLAR showed some signs of strength upon close today but failed to show significant moves that could signal reversal on the trend. the pair is still trading in a uptrend just hit another LH forming a DOUBLE BOTTOM AT support level 0.71369. looking for a continuation of trend with the bulls in the coming week. lets see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES SL - 0.71151 TP 1 - 0.72082 TP 2 - 0.72913 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
EURJPY 124.782 - 0.56 % SHORT IDEA * CONTINUATION PATTERNS Good Day Everyone On the EURO / YEN the pair is currently holding the descending channel structure as the market closes, looking for continuation of the trend on the pair in this coming week. The pair is currently trading in a bearish flag formation when scaling down a little which could signal continuation with the trend should RESISTANCE LEVEL 125.066 HOLD... lets's see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 124.294 TP 2 - 123.459 SL - 125.175 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
GBPJPY 138.437 - 0.97 % SHORT IDEA * MOMENTUM SHIFTS Good Day Everyone A look at the GBPJPY , the pair broke and is currently trading below the previous lower high. Seeing some signs of momentum shift which still needs some more confirmations but momentum shifts nonetheless. looking for a retest of resistance level 139.212 to trigger the trade in the coming week and some more confirmation on the shift of momentum with the bears on the pair... let's see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 138.283 TP 2 - 137.103 SL - 139.451 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
EURUSD 1.17939 - 0.56 % LONG IDEA * CONTINUATIONGood Day Everyone A look at the EURUSD just as with other major currencies we close the pair with the recovery of the DOLLAR on the EURO / DOLLAR as well, if you took this one target 1 was a success but looking forward to more moves with the bulls on the pair in the coming week, we are currently trading at the base of a ascending channel looking for a push up with the bulls so basically looking for continuation of the trend on the pair significant moves with the bears will change the whole trading plan. let's see how it goes. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 1.19438 TP 2 - 1.21465 SL - 1.16542 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
USDJPY 105.758 - 0.03 % LONG IDEA * REVERSAL/ CONTINUATI PATTERNGood Day Everyone A look at the USDJPY , the previous short idea on the pair was stopped out seems that momentum is favoring a move with the bulls to the upside on higher time frames the pair is still ranging in a descending triangle currently just rejected at the base of this structure so hoping for a move with the bulls in the coming week. let's how it goes HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 106.220 TP 2 - 106.609 SL - 105.646 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
3
US500 3396.8 + 0.24 % * CONTINUATION + FUNDAMENTALGood Day Everyone' A look at the S&P500 which has been trading in ascending triangle on the 4H chart looking for a break above of structure to trigger the trade looking for continuation of the trend to the upside with the bulls. The S&P 500 and Nasdaq closed at record highs on Friday, as data pointed to some pockets of strength in the U.S. economy. INVEST.COM - report showed U.S. home sales rose at a record pace for a second straight month in July and home prices hit all-time highs. unexpectedly sharp increases in Markit's indexes extend a pattern of choppy U.S. economic data this week - including weekly jobless claims - that paint a picture of a fitful recovery from the COVID-19 recession. "It's not surprising to see a pickup in manufacturing as the economy has started to reopen, even though pockets of the country have pulled back on their reopening," said Lindsey Bell, chief investment strategist at Ally Invest. "It's an encouraging sign and it supports the upside we have seen in the markets." za.investing.com we'll see how it goes. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 3440.0 TP 2 - 3480.0 SL - 3377.9 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
ULong
by PULEMokhothu
AUDCAD 0.94300 - 0.55 % SHORT IDEA * CONTINUATION IDEAGood Day Everyone A look at the AUDCAD pair looking for a continuation with the bears on the down trend so basically looking for trend continuation with the bears should we see a break of support level 0.94324 the move will trigger the trade with the bears. let's see how it goes HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 0.93859 TP 2 - 0.93461 SL - 0.94928 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
NAS100USD 11568.0 + 0.73 % LONG IDEA * TREND CONTINUATIONGood Day Everyone The Nasdaq 100 reached new heights yet again last week as stocks like Tesla , Apple and Amazon continued to build on recent gains. As a key member of the S&P 500 , Nasdaq 100 and Dow Jones, Apple is afforded considerable influence in the performance of the three major US indices and it has been soaring as of late – bolstering the otherwise lackadaisical US equity market. *DAILY FX www.dailyfx.com Looking for continuation of the trend with the bulls as the INDEX is net BULLISH on higher timeframes still pushing to HH. Significant moves with the bears will change the whole trading plan. lets see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 11708.7 TP 2 - 11936.6 SL - 11390.4 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
OANDA:NAS100USDLong
by PULEMokhothu
US30 27912 + 0.59 % LONG IDEA * TREND CONTINUATION Good Day Everyone A look at the US30 INDEX which has been ranging in a descending triangle structure upon market close we saw a break above of the structure. looking for continuation of this move with the bulls to the upside targeting resistance level 29593.1. let's see how it goes.. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 28493 TP 2 - 29000 SL - 27603 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
ULong
by PULEMokhothu
NZDUSD 0.65580 + 0.36 % LONG IDEA * STRUCTURE & TREND ANALYSISGood Day Everyone Here's my idea on the NZDUSD pair that has been trading in a descending channel hitting HL & LL respecting structure, the pair was just rejected at the base of structure currently rallying up with the bulls respecting the channel looking for a continuation of this move with the bulls. the pair is currently trading in a ascending triangle on the 4H chart looking for a break above of this structure to trigger the trade.. FXSTREETS - Since the OCR drop , NZD/USD failes to correlate to its current interest rates and is operating at -83%. This is day 2 since the drop and NZD/USD as well as all NZD pairs must correlate to its interest rates. This is mandatory as an exchange rate cannot trade correctly in markets without a positive correlation to its interest rates. This means means NZD must adjust. As stated many times, an interest rate change by a central bank takes 5 days to normalize. We're on day 2 and 3 days to go. www.fxstreet.com let's see how it goes. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 0.65850 TP 2 - 0.66169 SL - 0.65292 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
NZDJPY 69.297 + 0.18 % SHORT IDEA * CONTINUATION PATTERNS Good Day Everyone Here's on eon the NZDJPY pair the pair has been in a down trend and broke a relatively strong support now resistance pushed up to retest this level which could possibly signal continuation with the bears. a break above the resistance level will change the whole trading plan lets's see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 68.90 TP 2 - 68.57 SL - 96.50 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
DXY 92.90 - 0.32 % SHORT IDEA * CONTINUATION PATTENSGood Day Everyone A look at the DOLLAR INDEX that has been trading in a descending channel looking for a continuation of this move as it has been respecting structure hitting LH & LL holding structure the bears are currently in control of the index looking for a continuation in the trend to complete a gartley formation lets's see how it goes.. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 93.60 TP 2 - 92-00 SL - 93.12 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:DXYShort
by PULEMokhothu
UK 100 6113.3 + 1.82 % LONG IDEA * MOMENTUM CONTINUATIONGood Day EVERYONE A look at the UK100 index that Rallied up with strong momentum just looking for a continuation of this move with the BULLS. key > RIDING THE TIDE. let's see how it goes HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 6160.8 TP 2 - 6213.8 SL - 6083.2 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
ULong
by PULEMokhothu
8
Electrolux B analysis on the daily timeframeElectrolux trend change confirmed to bullish based on the 123 trend change criteria on 8th July 2020. That also marks as the ascending triangle break. Entered the trade on 27th July upon re-test completion of the ascending triangle. The overall ascending triangle target is 228. My first target is at 198, which is just below the area of resistance. 18th August cup and handle pattern break suggesting a strong continuation trend TARGETS: 198,214, 228 Stop loss: 147
OMXSTO:ELUX_BLong
by tradewithmitra