FLAG
NZDCAD AnalysisWe have Higher time frame Bullish continuation, Now the market gave us the correction on the support of the current Bullish correction support, As we have first impulse as a retest from this support its a confirmation that the market have to go and complete the resistence of the cu8rrent correction.
NB: Im not advising this is my opinion
EUR-JPY Wait For Breakout! Sell!
Hello,Traders!
EUR-JPY is about to reteset
A strong horizontal resistance
Level at 148.000 and has
Formed a bearish flag pattern
So IF we see a bearish breakout
Then I believe the pair
Will go further down
Sell!
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BITCOIN 1h Flag!BINANCE:BTCUSDT
Bitcoin sitting in a Bullish Flag.
Possible retest of 50MA providing re-entry ideas for further upside.
1h is quite low time frame so decision making is more rapid but have Plan A, Plan B scenarios.
Possible Short to support 28.8k zone on bearish retest of flag breakdown.
Possible Long once flag breaks for continued upside - for target ideas, please see yesterdays post: BITCOIN Massive Move!
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Kaspa Daily Bull Flag TargetKaspa's rise has been nothing short of phenomenal. I believe this bull pennant forming on the daily will play out, and the targets could reach just under 6 cents. I believe Kaspa can go well beyond that as well, as it's technology is such a big advancement to the industry. I've had a big spot position on Kaspa since August and my current long position has been open for a couple weeks now. Kaspa has done ~20,000% since May, though, no charts on TradingView currently show it's whole lifespan.
If you want a list of reasons why I am so bullish on Kaspa, you check out this Reddit article I wrote. It's a ten minute read and in my opinion, well worth your time:
Mega List of Reasons for Kaspa's Growth - For Newcomers
First Solar 1D Possible Breakout of a Bull Flag FormationThe stock is showing a strong green day which could be the start of a breakout from the current bull flag formation.
First Solar's (FSLR) fundamentals support this thesis. The company has a large backlog which will take multiple years to work through.
It can be cheaper to build and run a solar plant than it is to buy gas for existing natural gas power plants.
First Solar is involved with large utility-scale solar installations with their efficient PV solar panels.
The company has strong expected double-digit revenue and earnings growth for the foreseeable future.
USDCAD: bearish flag is almost completeThe bearish flag pattern is a common technical analysis pattern that is used by traders to identify potential trend reversals or continuation. This pattern forms when there is a sharp downward move (the flagpole), followed by a brief period of consolidation (the flag), before another downward move.
In the case of the USDCAD pair, we can see that the pair has been on a downtrend for some time and has recently experienced a sharp downward move. The flagpole is formed by the length of the sharp downward move, which is usually quite significant.
After the sharp downward move, the price of USDCAD started consolidating, forming a rectangle or parallel channel, which is known as the flag. This consolidation period is usually characterized by decreasing trading volume and volatility.
Once the price breaks below the lower trendline of the flag, it signals a continuation of the previous downward trend. Traders may use this as an opportunity to enter short positions in anticipation of further downside momentum, which is exactly what we're planning to do here.
The short target is not fully determined yet, but aiming for the closest major support zone is always a safe bet. Hope this was educational and useful at the same time! Feel free to ask more questions :)
BlackRock in bear flag.BLACKROCK - 30d expiry - We look to Sell a break of 618.88 (stop at 645.88)
Intraday signals are bearish.
Price action is forming a bearish flag which has a bias to break to the downside.
620 has been pivotal.
A break of the recent low at 620 should result in a further move lower.
This stock has recently been in the news headlines.
Our profit targets will be 552.31 and 542.31
Resistance: 670 / 700 / 720
Support: 651 / 638 / 620
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AUDJPY Same Sell, Choose The Best Pair
So similarly, AUDJPY has the similar sell price action like CADJPY.
Its important to understand currency correlation, and why we need to choose the best 1 or 2 pairs of the same currency to enter.
IF JPY is going to get stronger, then likely all the JPY will move. But if we are wrong on our analysis, all the JPY could reverse.
So its in our best interest to reduce our risk in trading, choose and focus on the best potential setup in the market.
Ideally, we need to wait for the bearish continuation correction on the lower time frame to confirm another move down.
Silver Higher Time Frame Outlook
Hello everyone:
Most of the time I only focus on technical side of things, but this time I will go over both the fundamental and technical of Silver for the long term.
Silver was only trading around 8-9$ around the 2008 market crashed, and peaked at 50$ in 2011.
IT had slowly but surely dropped down to the lows again around 13$ in end of 2015.
Understand that the price of silver can not go lower as there are many cost associated with silver.
Whether is production, labor, inflations..etc. Price is not sustainable at low cost. Which leads to people understand the likelihood of price rising again.
On the other hand, purely from a technical perspective, we are see a period of consolidation phrase from 2015 - 2019.
If Covid didn't happen, price wouldn't test the lows of 2013 again. Regardless of the short term push down, we see price had the massive bullish push to the upside, clearly break all previous highs.
This can be the start of the HTF bullish run. Latest price action shows us a big potential consolidation in the making. Can be the next continuation correction to push the price up.
My approach would be wait for this HTF correction to complete tp give me more confluence that we are likely to resume the bullish move to the upside, and wait for LTF continuation correction for the buys.
Thank you
Dogeusdthello trader this is a just idea well we dont know about the feauture but we can study the chart overall maximum supplay is complete of this coin and technically it can go up do not invest more than you cannot afford to lose buy some doge you will remember this Crypto market is undervalued but its growing now so everything is posibile in crypto market
uk100 shortprice has been ranging between bottom resistance @6780.2 and top resistance @7917.9 on a daily timeframe. 0n the 1hour timeframe there is a small resistance at 7636.6 which price retested in an ascending channel. On the 15min there is a flag which I'm using as entry with stoploss at 7661.7 and take profit at 7465.2
USDCAD waiting for retestAfter the breakout, the price didn't come for retesting. So wait for the structure to change and short till the price fills the imbalance/fair value gap. As of yesterday market is not following the pattern. My advice is to wait till the retest is done.
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🔥 MASK Huge Bullish Wedge Break Out After FOMCMASK was one of the major winners of March, until it topped at $7 and saw a couple of days of straight selling.
With the FOMC meeting behind us, it seems that MASK has bottomed for now. In my view, this is exactly what investors have been waiting for: a change of trend.
I'm looking at $6 and $7 as potential near-term targets.