Flag to add to your Litecoin positionLTCUSD made a breakout from a major resistance yesterday. (See related idea)
Now it has made a flag where it will be good to add to your positions.
Litecoin is on the track to hit 500 very soon.
Flag-pattern
2 scenarios in wave theoryI'm very much a dilemma right now.
Scenario 1 - It is making a flag and is about to break through the upper level. If it breaks that we will most likely see the price surge to more that 500. However there is a lot of resistance to for it to break through. I also see another pattern
Scenario 2 - It is following the uptrend but it has now broken it and made a flag underneath. This is one of the most clear signals that the price will fall and we will see a correction.
I will monitor this one closely the next few hours. In order to not miss a big trading opportunity.
12/18 XLM Flag Forming? Long Term Outlook through 2018Looks like a pennant is forming for an overall downward trend until 2018. Maybe an announcement will take place? Expect to start the new year with a bang? I hope so!
LITECOIN: LTCUSD Flag pattern = continuation higher likely soonLITECOIN: LTCUSD
Litecoin is in the process of making a flag, signalling that his
period of weakness is just continuation before LTC pushes
higher still. Two strikes on the lower parallel spells HOT.
Buy on dips now back to 92 and add when the upper parallel is
broken on upside for momentum burst into new high ground.
Stops under 92 and under the upper parallel when broken on
upside for 2nd long from there
ETHUSD Flag Pattern = continuation on break-outETHUSD Athough at top of flag cannot short here any more
Same conditions apply as yesterday, full of whip inside this
flag - but 2 strikes on the lower parallel means hot so if so it
will find support at 413...don't sell this any more. If we see it
break above the top of the flag and then beat 425 it should
rally well for thenext hour or two on momentum break out.
Worth following. Will need to break below 413 to show
interest is waning now, and to open the door to a fall to the
lower support/parallel at 392
Flag in the makingFX:AUDNZD is making a nice flag under the bigger trendline, which it has recently broken through. Now I'm waiting for it to either breaking the flag or a good short set up in the top for the channel.
Short on break of the flag patternThe CADJPY trade which I took last week hit the SL today after a massive fall. The outlook has been shifted on selling CAD since the price has broken a major daily support which turned into resistance now. The price has formed a flag pattern now and a break of the pattern would activate my sell on CAD.
Btc Usd, Flag decisively brokenFlag broken with a good amount of volume, short order, stop loss 2600; take profit 2340
Short GBPUSD i think we will go more down for GBPUSD , i looking for good chance to sell it and it will be perfect chance after breakout .
we have a flag and may be will do ABCD pattern .
Cryptoccurency Peercoin vs Btc flag pattern with strong support Bearish movement stopped around 0.0002500 and tried to moved below for 3 consequent months. March comes with strong bounce from that level suggesting trend reversal. Pair bounced from mentioned level and created big bullish candles on monthly weekly and daily chart. Chart 4h intervals reveals quite interesting formations suggesting further gain of ppc vs btc. Energetic movement put pair in consolidation, 0.00050000 level is acting as strong support. Once again I assume that 200 Ema will help pair to bounce higher. My SL is placed far below 5000 mark as safety precautions. Many times pair is doing sharp movement to create doji candle and it triggers most Stop losses close to the strong support, then after candle is formed price is going in desire direction. It is also quite possible that pair will go straight to take profit area that's why I would prefer to open position now rather that wait for more confirmations.
Neoscoin opportunity with very low risk and big possible profitBig bullish candle(some call it caffeine candle) from 15 of February established move which could reach highs from September. Pair was stopped by GAP and is on consolidation creating nice flag pattern. I would enter now or wait for pair to retest short term support established around 0.0001700 level. I'm not sure when or if the pair will go above GAP and it is quite possible that it will go lower. In my opinion this pair is testing GAP from last week right now. Price can move sideways for sometime and eventually bounce from 200 ema.
FBC- Flag formation Long from Current price to $31.77FBC forming a flag formation & seems ready to break upward. It rallied up, broke the over head resistance and formed a flag formation. Now its ready to breakout.
* Trade Criteria *
Date First Found- February 16, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Current price ($28.54)
Exit Target Criteria- $31.77
Stop Loss Criteria- $27.47
Please check back for Trade updates. (Note: Trade update is little delayed here.)
TTD - Flag formation Momentum trade from $40.13 TTD had a very good run recently & now seems forming a flag formation. We are looking for a pullback to get in to the trade & would hold it updating the stoploss behind the trade.
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Flag setup (Possible Day Trade)
Entry Target Criteria- Pull back to $40.13
Exit Target Criteria- Momentum
Stop Loss Criteria- $36.93
Please check back for Trade updates. (Note: Trade update is little delayed here.)
USDJPY Break daily triangle + Usd NFP and Fed rate hikes UsdUpppNon Farm Payrolls were better than expected today 8th of March. Next week Fed is most likely to do a hike rate. Which will be good to control inflation in the US, and dollar will gain strengh.
Now he have clearly broken the trendline are are expecting the C of the correction of the first bullish impulse. rejection of the 38-50 or 61 will give me a valid entry to go long on this pair.
A valid Stop would be at the 112.5, anyway I might put it at 111.5 to make sure I'm in the move during the next couple of weeks.
Trade save. Have a good week.
NZDJPY Sell the break of flag(consolidation)This pair is making a nice flag after breaking to the downside. The consolidation has been going for long and the next down leg will be trade with good risk to reward. This is also similar to the AUD/JPY.
*These trades are based on my analysis and is my personal idea. Not a recommendation to buy or sell. Please use your own strategy.
If you have any questions or need any help from me contact me through a personal message and ill be happy to help FOC.
