GBPAUD 1.89751 -0.25% SHORT IDEAGOOD DAY TRADERS
HERE'S AN UPDATE ON THE GBPAUD PAIR
> CONTINUATION TO THE DOWN SIDE
IF YOU TOOK THIS ONE ADJUST SL TO THE PREVIOUSE SWING HIGH
IF NOT LOOKING OUT FOR SHORT OPPORTUNITIES ON LOWER TIMEFRAMES
PERIOD - SWING
RISK MAMAGENNT
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Continuationpatterns
#BTC Bullish Flag Pattern 1D#BTC is showing a bullish Flag Pattern on 1D , which includes -as we know-
- The flag pole
- The flag
- The continuation
The Flag pole, starting from the bottom at 6875 which represent a major support and was a big price bounce from it, ends at 10427 the Highest price in this trend.
the flag was formed after the correction starting from the previous 10427 level until -+ 8350 which was a good support on Jan. 24,2020 to bounce from it and continue the uptrend.
the Continuation Started as I think from the previous level @8350 zone and will go up with some corrections from time to time to reach 11831 ,
Many of you will ask why that level (11831) ?
The point is that the flag pattern when formed, we take the length of the Flag pole , and clone it when the flag is formed, so I expect to see the same length of growth to 11831 , the same level is a major Fibo level 1.618.
If you like my idea, Like or comment, share your opinion, don't be shy.
EURUSD MORE DOWNSIDE
Yesterday we took a long in this pair expecting price to retest the Weekly structure at 1.0879 but price missed this target by few pips. The leg up was the last wave of correction so we are short again the EURUSD, expecting a break of the Momentum low.
This is a continuation trade and we are targetting the T1 of the Fib retracement 0.618.
Short Entry: 1.0860
Stop Loss: 1.0890
Target: 1.0745.
Guess What - Even More New All Time Highs Coming - Read belowEveryone knows the stock market is at record highs because the US economy is the best ever. HAHA! Coronavirus is stock market bullish. How could it be stock market bullish when considering the following: Apple is lowering earnings guidance, china's economy is hurting, and hurting US economy? Well the Coronavirus is causing China to pump 150 yuan into the market this is pushing China's market up, stock market positive. Guess who else is doing the same thing, US is pumping record amounts of cash to push this market higher. We are qe infinity and the stock market will continue to go up until the central banks that run the world decide to end it. We in a massive stock market bubble that will continue to get bigger.
TSM, Taiwan Semiconductor Manufactoring - Take ProftNYSE:TSM
How do we look for the classic patterns of technical analysis?
Every weekend we screen the markets of our interest and set alerts.
When do we enter our trades?
On our classic strategy, we enter on Friday, i.e. after the confirmation of the whole week.
In this case you can easily determine at first sight this head and shoulders of continuation.
So you think it is difficult to visually detect these patterns?
Good Trading to All!
HSIC, Henry Schein Inc. - On waiting for a breakoutNASDAQ:HSIC
We are still waiting for the Breakout on this double pattern in HSIC, head and shoulders of continuation and ascending triangle.
As always alerts will inform us to have the right timing by entering long in the market.
We are currently about four years into the development of this pattern, and a possible breakout could lead to start a new market rally on a historical company, which distributes fundamental healthcare material in the world, and which has suffered two difficult phases on the company value only during the general market downturn.
Stay Tuned!
EU short term long.. Bigger picture still looking for a sellThe higher time frame structure on EU is still Showing us that we will likely have a big move to the down side coming. The next key area to be looking for this short will be back up at the DT. Ideal set up on this will be another 3 touch mini ascending at the key area, either the DT or at the bigger 3rd touch trend line.
There is however potential for a short term long.
Ideally we get another hour of impulsive price action then form a clean counter trend move which will be our entry.
As we know the market can be unpredictable So if this long set ups i will take it even though i am forecasting the bigger picture short because as we know the market can be un predictable and this could still break out of the structure and continue higher in which case we will be banking even more % then originally forecast.
EU short term long. Bigger picture still looking shortThe higher time frame structure on EU is still Showing us that we will likely have a big move to the down side coming. The next key area to be looking for this short will be back up at the DT. Ideal set up on this will be another 3 touch mini ascending at the key area, either the DT or at the bigger 3rd touch trend line.
There is however potential for a short term long.
Ideally we get another hour of impulsive price action then form a clean counter trend move which will be our entry.
As we know the market can be unpredictable So if this long set ups i will take it even though i am forecasting the bigger picture short because as we know the market can be un predictable and this could still break out of the structure and continue higher in which case we will be banking even more % then originally forecast.