FLAG
AVAX FLAG!KUCOIN:AVAXUSDT
AVAX has broken the falling wedge and sitting in a Flag with potential targets to 72%
Possible entry on retest of "Breakout" and "Possible Pullback" levels.
As usual, Bitcoin drags the altcoins around.
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Bitcoin surprise moveIt might not make much sense in the current mood because the majority of market participants expect either more downside or sideways price action for the next 12/18 months, but I feel the real surprise would be an upside move.
A strong move, forcing the many in disbelief to rush in mid-to-late on the way to an early top somewhere in the low 6 figures range.
I give this idea a 60% confidence rate.
GBPAUD D1 (BUY) Bullish Continuation Price action is shaping up for an bullish run as sellers failed to push any lower at the bottom of a HTF expanding structure, creating a reversal impulse followed by continuation.
I expect more growth on this pair, we can potentially see price make its way back up to upper boundary of channel, mid 1.8300 range for a high probability set up.
Find an entry that meets your trading plan.
Trade Safe
Thanks
EURAUD STILL TO CONTINUE ITS BEARISH MOVEOn the daily timeframe price have seemed to show that EURAUD is on a bearish move, and on this 4h timeframe, we can note that price just broke a strong support zone and I expect price to make a retracement to the resistance zone for a sell to 1.52550 zone.
This is what I expect on this pair.
Please do share and give a follow if you agree to the setup.
US100 Potential buyI have been trading US100 off this flag pattern for a few days. We currently have not broken this pattern so if we get a bullish 1hr stick off this pattern, we could go up again. Also the next zone is at 11756.7, So I am expecting price to reach there at some point...Lets be patient and see how this 1hr ends.
Also from last week, I also showed the uptrend on the weekly and daily chart, So I am expecting overall buys in this market
$CAD - Patience $CAD - Interesting...
At this current moment of time we are in a range but - Pattern forming of Flag a break to downside of these ranges to confirm taking CAD towards 1.32/1.31 areas. Good R/R -However, if we break above the TL above 200 EMA would be your target.
Follow your own trade plan.
Trade Journal
💡 Don't miss the great Buy opportunity in USDJPYHello my dears
It seems that we are witnessing the formation of a Flag pattern in the USDJPY chart. I think the possibility that the price will break above the Flag of the chart is very high. What do you think?
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🚩 Bull Flags VS Bear Flags🚩What is a Flag Pattern?
A flag pattern is a commonly observed technical analysis pattern used to identify potential continuation of current market trends.
It is characterized by a period of consolidation, where the market experiences a relatively small range of movement, following a significant price movement.
This pattern is formed as the market returns to a state of equilibrium, following a large move. The flag pattern is considered a continuation pattern,
as it often indicates that the market will continue to move in the same direction as the preceding trend, once the flag breaks out.
This breakout typically occurs when the price of the security breaches the upper or lower boundary of the flag, and it is usually accompanied by an increase in trading volume.
📈📉The difference between a Bull flag VS Bear flag
The difference between a bullish and a bearish flag is in the direction of the price movement. With the bullish flag, the idea is to participate in a strong uptrend. Meanwhile, with the bearish flag pattern, the idea is to trade short in the direction of the prevailing downtrend.
- Downtrend vs uptrend: Bull flag and bear flag are both continuation patterns that form when the price of a stock or asset pulls back from the predominant trend in a parallel channel.
- Bull flag: A bull flag is a sharp, strong volume rally of an asset or stock that portrays a positive development.
- Bear flag: A bear flag is a sharp volume decline on a negative development.
- Bull flag and bear flag share the same traits: Traits of Flag Patterns include support and resistant levels, flag, flag pole, breakout points and price projections.
📍Entry opportunities
The most important component of any flag pattern trade is the entry. It’s generally advisable to wait for a candle to close beyond the breakout point before creating any orders to avoid being burned by a false signal. In the example above, the entries are made on a High risk - High reward mindset with stop loss bellow the flag pattern. Most traders will enter a flag pattern trade on the day after the price has broken beyond the trend line. The length of the flag pole is typically used to calculate the profit target. Even when the formation of a flag pattern is obvious, there is no guarantee that the price will move in the expected direction. As with most technical analysis, you will get the best results from flag patterns by applying them to longer-term charts as you will have more time to consider your strategy and analyze the price action.
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head and shoulders in USDJPY...hello guys...
today I was surfing throw forex pairs and see a great opportunity in monthly time frame at usdjpy pair...
as you can see on chart price formed a head and shoulder pattern and target of this pattern is on $165, although break out neckline very well so it is very possible to reach target...
there are two scenarios for upward movement:
1) starting to downward from here
2)retrace to neckline and after that start upward movement
it is up to you to choose best position, which one do you choose?
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
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