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💡Ascending Triangle in USDTRY - "Learn More Earn More" With USAscending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An u ptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex. An ascending triangle is classified as a continuation chart pattern. If price can break through the resistance level , that level will now act as a support level . Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. In most cases, the buyers will win this battle and the price will break out past the resistance.But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order above the resistance line and below the slope of the higher lows. TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity
8
💡Ascending Triangle in USDTRY - "Learn More Earn More" With USAscending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An u ptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex. An ascending triangle is classified as a continuation chart pattern. If price can break through the resistance level , that level will now act as a support level . Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. In most cases, the buyers will win this battle and the price will break out past the resistance.But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order above the resistance line and below the slope of the higher lows. TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
by ForecastCity
12
💡Ascending Triangle in GBPNZD- "Learn More Earn More" With USAscending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex. An ascending triangle is classified as a continuation chart pattern . If price can break through the resistance level, that level will now act as a support level. Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. In most cases, the buyers will win this battle and the price will break out past the resistance.But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order above the resistance line and below the slope of the higher lows . TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity
8
💡Ascending Triangle in GBPNZD- "Learn More Earn More" With USAscending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex. An ascending triangle is classified as a continuation chart pattern . If price can break through the resistance level, that level will now act as a support level. Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. In most cases, the buyers will win this battle and the price will break out past the resistance.But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order above the resistance line and below the slope of the higher lows . TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
by ForecastCity
10
Ascending Triangle in USDCAD - "Learn More Earn More" With USUSDCAD is coiling for its next move. The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area. Keep an eye on 1.33720 in the event of a pullback. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity
20
<<Perfect trade>> 😏Are they exist?🧐Hi, my dear friends!💋 Let's talk about Perfect trade. Are they exist?🧐 The “perfect trade” is what every trader strives for. But in order to be able to make "perfect deals", you need to remember some rules before entering each of them. First rule: 🔥Realistic expectations🔥 - Sorry, but not every trade will be profitable. REMEMBER That !!! The first step to a perfect trade is to accept and deal with losses, this will help you get a clear mind for the next trade, which may bring you a profit. Second rule 🔥Managing Your risk🔥 We can't control the market, but we can control ourselves The second step to a perfect trade is to control risk. You must clearly calculate how much you can lose on each trade. The third rule of "perfect trading" 🔥Assess Market Condition🔥 Step Three - We need to understand the state of the market and the structure of the market. - Is the market slow and volatile or is it trending? And accordingly, have tactics for each of them. The fourth rule - 🔥 STRATEGY 🔥 Step four: NEVER LEAVE YOUR STRATEGY !!! There are different strategies in my trading plan, that are used in different market conditions. 💡Even if the trade is unprofitable, if I follow these four steps, it will still be the perfect trade.💪🏻🚀💣 Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb 🚀💣 Previous EDU post 👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
17
FLAG = Impulse + Correction - "Learn More Earn More" with usWhat makes the chart interesting today is that: . GBPAUD challenging the 1.8415 ~ 1.8450 resistance zone. . Min 450 pips room to run. A break above 1.8450 could push the pair to its 1.8900 previous areas of interest. . A rejection at the Flag range resistance, however, could lead to another retest of the Flag’s support. Will the GBP see an upside breakout against the AUD ? No one knows it! We have to wait and see!
Education
by ForecastCity
7
FLAG = Impulse + Correction - "Learn More Earn More" with usWhat makes the chart interesting today is that: . GBPAUD challenging the 1.8415 ~ 1.8450 resistance zone. . Min 450 pips room to run. A break above 1.8450 could push the pair to its 1.8900 previous areas of interest. . A rejection at the Flag range resistance, however, could lead to another retest of the Flag’s support. Will the GBP see an upside breakout against the AUD ? No one knows it! We have to wait and see!
Education
by ForecastCity
12
Ascending Triangle in Bitcoin - "Learn More Earn More" With USBitcoin is coiling for its next move. The higher lows suggest strength, but BTC needs to secure a close above $12,100 to open the door to the $13,000 area. Keep an eye on $11,600 in the event of a pullback. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️ Ascending Triangle in Bitcoin - "Learn More Earn More" With US
BITSTAMP:BTCUSDEducation
by ForecastCity
22
Ascending Triangle in Bitcoin - "Learn More Earn More" With USBitcoin is coiling for its next move. The higher lows suggest strength, but BTC needs to secure a close above $12,100 to open the door to the $13,000 area. Keep an eye on $11,600 in the event of a pullback. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:BTCUSD
by ForecastCity
19
Maslow's Pyramid & Rocket Bomb Descriptions in trading 🚀💣Hello, my dear lovers of self-development !💙💛 I haven't posted any EDU Posts for a long time. For me, each of them is special, in which I put all my soul and creativity 🤗 Today I would like to talk about very interesting topic - which is called <> ! 💡The first thing, that came to my mind was Maslow's Pyramid of Needs . If you start reading modern literature, You'll understand, that most authors think, that Maslow's pyramid no longer works, or doesn't fully work. 🤷🏻‍♀️ ⚡ According to Maslow, higher-level needs can only arise when lower-level needs are met ⚡ Someone may disagree with this, but personally for me, everything is very transparent and obvious. Only by closing the basic needs (basic knowledge in trading) we go further, we simply don't think about what we have attained the truth in a certain sense. 🙏🏻💥 Now it has become fashionable in the world to refute theories and make adjustments in it🙄 But the wisdom, that has been passed down to us for centuries can't be ignored. 🙏🏻 Today I would like to share with You Maslow's Pyramid in my descriptions for traders. Hope You'll like it 🙏🏻 ⚡At the first stage , a trader tries to cover the most basic needs: most often a person comes to the market for money, and that's the physiological need in trading. ⚡Going to the second stage, he seeks safety, because he faces difficulties ... and only if he realizes, that on the first stage he made a mistake (down arrow), after re - thinking, he can move on to the third stage (up arrow). But that's a huge work. It takes time and endurance, patience and calmness, desire and fortitude!💪🏻 ⚡With the transition to the third stage , a person becomes more successful, he change his thinking . And that's a great sign on the road to success.💪🏻 He begins to be proud of himself, but realizes, that there is an opportunity to develop further.🚀 ⚡The fourth stage - he start makes a good profit, the trader, by default, accepts all previous experience and moves on, filled with motivation and success.💪🏻 ⚡And the fifth stage - most important thing for any trader is self-realization. A trader understands, that he is successful, self-sufficient and he has something to share with other traders ... he can motivate, inspire, and that's the highest reward !!!💪🏻 Only 5% of traders reach the 5th stage, and maybe less.🔥 Do you strive to be part of that 5 percent? ☝🏻🧐 At what stage do you feel yourself? Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb 🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
47
RISING AND FALLING WEDGES Good afternoon. Today we are looking at another chart pattern RISING AND FALLING WEDGES . Let’s get on it. Wedges can either be continuation or reversal patterns. Just to refresh your memory, continuation patterns are formations that show side way price action, signalling a temporary pause in the trend; whereas reversal patterns indicate a change in the trend. Whether wedges are continuation or reversal, it’s not really significant, what matters is spotting the pattern, and knowing how to make money out of it. Wedge patterns are classified as either RISING WEDGES OR FALLING WEDGES. Rising wedges, as the name implies, slopes upwards, and they eventually break to the downside Graphically, rising wedges look like the above sketch chart(Sketch 1) notice how the slope of the support line is steeper than that of the resistance. This indicates that higher lows are being formed faster than higher highs. That is precisely how the wedge pattern get to be formed. The inverse of the rising wedge is the FALLING WEDGE , which usually breaks to the upside.(Sketch 2) Just like on the rising wedge pattern, the falling trend line connecting the highs (resistance) is steeper than the trend line connecting the lows (support). As mentioned earlier, rising and falling wedges can either be continuation or reversal patterns. But whether they be continuation or reversal patterns is not our focus, our focus is on making money when these patterns ‘BREAKOUT’ . If you case you are wondering what we mean by ‘breakout’; consider the chart above(Sketch 3) of a falling wedge and a rising wedge, and how they typically break to the upside and downside, respectively Now let’s look at how we can make money out of a RISING WEDGE PATTERN. Let’s start by considering the chart (Sketch 4) Now, when entering a Short trade based on a rising wedge, it’s important to wait for a break and close below the support line. After this close, aggressive traders can ‘pull the trigger’. But a more conservative way to enter the trade, is to wait for a retest of the previous support (now resistance) before pulling the trigger. In this case the sequence will be something like this: 1. Wait for a close below support 2. Wait for a retest of the previous support 3. If the previous support act as resistance, then enter short trade A Long trade based on a falling wedge is entered on the same principle (but in reverse), that is, 1. Wait for a price close above resistance 2. Enter Long trade at that close (for aggressive traders) 3. For conservative traders, wait for a retest of the previous resistance (now support) before pulling the trigger That’s ENTRY, now let’s look at placing stop loss and take profit levels when trading wedge patterns. Take profit target should ideally be the height of the wedge formation. Consider the chart above(Sketch 4) Stop loss orders should always be placed at a level that if hit, it will invalidate the trading set up. In the case of rising wedges, this level will be the area just above resistance. The opposite is true for falling wedges, place stop loss just below support. Thanks for your Likes and Support.... Until next time, let’s keep if Profitable!
COINBASE:BTCUSDEducation
by TaherJalili
10
THE ASCENDING AND DESCENDING TRIANGLE CHART PATTERN Ascending triangles are classified as continuation Patterns . Here are the key elements that make up an ascending triangle: 1. Bottom Trend Line(Support) – An ascending triangle is characterized by a bottom trend line that is formed as the price continues to set higher lows. The more touch points on the trend line, the more reliable it will be. 2. Horizontal Resistance Line – An ascending triangle also contains a flat horizontal resistance line that is formed as the stock continues to reject its previous highs (for a given period). Once again, the more touch points on the resistance line, the more reliable the pattern will be. You must be wondering how the chart pattern get to be formed? What happens during the formation of an ascending triangle is that there is a certain level that the buyers cannot seem to break ( red resistance line ). However, as evidenced by the higher lows ( green uptrend support line ), buyers will gradually push the price up, hence we end up with an uptrend of higher lows. As buyers and sellers keep putting pressure, a breakout will become inevitable. Though a price breakout is inevitable, the big question is, “ Who will break the price, buyers or sellers? Will the buyers be able to break that resistance level, or will the resistance be too strong?” Well, the answer is, most of the times the price will break the resistance area and go up. However, it is not always the case, sometimes, the resistance is too strong for buyers to break. Now let’s look at its inverse, the DESCENDING TRIANGLE CHAT PATTERN In a descending triangle chart pattern, as can be seen on the BTCUSD chart above, there is a string of lower highs which forms the upper line (red resistance line). The lower line is a support area (green horizontal line) in which the price seems to be failing to break. Just as with ascending triangles, most of the times, the price will break the horizontal support line, and continue with the move lower. Follow me closely as we will now ‘investigate’ the PSYCHOLOGY behind ascending triangles: To make the analysis easier, let’s think of the ascending triangle pattern as a visualization of an ongoing battle between the bulls (buyers) and the bears (sellers). The bulls keep pushing the stock up in price until they get overpowered by the bears/sellers at the horizontal resistance level. It is at that resistance level that bears/sellers attempt to push the price down. Though sellers are somehow successful in pushing the price down, they are however unable to push the price to the previous low levels, as bulls/buyers are persistent, and the price sets a higher low (bottom trend line). This pattern continues until the price action becomes confined to the vertex of the triangle, representing a pivotal moment in this battle. At this point, either the bears will win, and the BTC will break the bottom trend line, or the bulls will win and break the horizontal resistance line. If history is anything to go by, this pattern favors the bulls, and if the horizontal resistance line is broken, the bulls will be able to push the price up, triggering a breakout. Thanks for Your Likes & Support & Subscribe....
BITSTAMP:BTCUSDEducation
by TaherJalili
17
What is momentum?Momentum is another word for how the price on your charts moves. Momentum analysis, though, is one of the most important skills any trader can learn. What is momentum? First of all, we need to understand what momentum actually means but this is straightforward. Momentum = Trend strength There are two ways of looking at momentum. The first one just looks at the overall trend strength. When the price is in a strong or healthy trend, traders say that the momentum is bullish or bearish (in a downtrend). When we come to the micro level later, we will see that momentum also exists when we just look at individual candlesticks. A long candlestick without wicks (shadows) usually is considered a high momentum candlestick.
BYBIT:BTCUSD.PEducation
by TaherJalili
2
FOMO Is Real In $REKROne of the biggest problems newbie traders face is FOMO - the fear of missing out. Case in point is $REKR. Now, we get in at $1.20 and rode it all the way to $5.50 a share. We saw the resistance at $5.50 and new that was where to exit. On Stocktwits, a lot of traders are chasing $REKR looking for the next move. In all honesty, the move has already happened. We got a 358% run in 2 months. For traders to look for more is just pure greed. What $REKR does here at $4.20 is anyone's guess. We will say the $5.50 resistance is very strong and in going long, where does one put a stop? Below the 20, 50 or 200 day moving averages? This is too much risk in our opinion and not enough reward. Traders need to avoid FOMO and look for better trade setups. That's what we do. Good luck to all!
NASDAQ:REKR
by InsiderFinancial
How to trade Bitcoin with RSI in a bear marketHere's a few helpful tips I have learned trading RSI in a bear market. Watch for trends and act accordingly. Open shorts at good entry points with a stop loss right above it. If your stop is hit, do not panic. Just admit you were wrong and go long/buy into the trend if the buying volume and price action is strong enough. For shorting, watch for the RSI bounces. A first bounce below 30 RSI is your trigger point. The second bounce will usually result in a lower low and you can sell there to take profits. Wait for your buy signal at 60 RSI again (or wherever your pattern fits) and repeat. For the chart: Blue boxes = short open boxes. Red lines = set stop losses above each blue box. Green boxes at first drop through 30 RSI = trigger boxes to get ready to sell. Yellow boxes at 2nd bounce after 30 RSI boxes = short close. Go long if stop is hit and if buying volume/price action is strong.
BITFINEX:BTCUSDEducation
by jollygreen
Dont be a D#@K.... its DUCK.. honestly ;p Here we have some really strong support and resistance levels drawn on the chart ( green lines ) They are classed as strong because price touched them and then bounce a number of times ( I will let you figure these out for yourselves... I'm not spoon feeding you ) ;p You can also see a lovely trend line TL that has been touched more than once, so this is also classed as strong. Now because these levels an TL are strong a break of any of these could see a big move, again you can see all this on the charts. When price is these key levels in NO MANS LAND we tend not to take a trade, we will wait for price to retest these levels and wait for a break or a bounce before jumping in a trade. I keep saying it and I will keep saying it until you get p#@sed off with me...... but patients is key!!!!!!! Get the larger timeframe charts up ( we like to use 1 day and 4H charts ) and zoom all the way out... this will make spotting these levels so much easier. So don't be a D@#k and practise this... it will make you a more profitable trader. I hope this has helped you.
Education
by ApexFX_Pro
1
Dont be a D#@k... its DUCK honestly ;p Here we have some really strong support and resistance levels drawn on the chart ( green lines ) They are classed as strong because price touched them and then bounce a number of times ( I will let you figure these out for yourselves... I'm not spoon feeding you ) ;p You can also see a lovely trend line TL that has been touched more than once, so this is also classed as strong. Now because these levels an TL are strong a break of any of these could see a big move, again you can see all this on the charts. When price is these key levels in NO MANS LAND we tend not to take a trade, we will wait for price to retest these levels and wait for a break or a bounce before jumping in a trade. I keep saying it and I will keep saying it until you get p#@sed off with me...... but patients is key!!!!!!! Get the larger timeframe charts up ( we like to use 1 day and 4H charts ) and zoom all the way out... this will make spotting these levels so much easier. So don't be a D@#k and practise this... it will make you a more profitable trader. I hope this has helped you. '
Education
by ApexFX_Pro
BROKERS ARE BAST@RDSblue arrow marks a 360 pip manipulation spike, these are used by brokers to wipe out peoples trades who have set orders or have SL set around key support or resistance areas, its easy money for the brokers! You can see how much of a key area this price was from our orange arrows pointing out where price entered the box and bounced using it as support, now the sneaky, slimy little brokers would have seen this lovely key level formed and knew that loads of people would be setting orders or SL around this area and they would be rubbing there grotty hands together because they were getting ready to manipulate the market and wipe everyone's trades out. You can spot manipulation spikes easy because all they are is a unusually long shadow of a candle that form in the opposite way to the trend of the market, after this spike the price will come back to the market and carry going with the trend. To sum it up brokers are BAST@RDS.
by ApexFX_Pro
10