FLAG
EURCAD I Best place for a LONG!Welcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
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GBPJPY 4hr analysisAs we can see, GJ is trading in a flag pattern in a down trend from the head and shoulders forming on the daily. We are however not able to break the resistance zone of 166. Which also correlates with the strong resistance of the 200ema, so we are still in a safe sell zone, the safest trade would be when price breaks below the flag pattern, retests is and confirms a sell entry, to make sure that the pattern has broken. Look for these entries on the smaller time frames.
Down first, then up?A classic bull flag had a false breakout overnight. Price has fallen back into it and retested the upper channel, failing there too.
The 50DMA is at $ES 3830-40, and it's entirely possible we revisit that level between now and the FOMC announcement tomorrow afternoon.
Following that, if the bull flag plays out completely, upside potential is all the way up at $ES 4000.
The downside is also likely as participants seek event protection and bid up volatility, after which vol is crushed following the event (regardless of the outcome).
BTC to 15.9k ?after breaking out of flag like pattern bitcoin saw massive decline to 18.5k after that we saw a rally which retested the previous support and now it's resistance.
after cpi data we saw massive decline thus which started bearish rally.
i believe if today's candle closed below 18500 we will see massive decline to 16k or 15.9k
bulls are clearly not in control at the moment
EUR-AUD Breakout Long! Buy!
Hello,Traders!
EUR-AUD was trading in a bullish flag pattern
Above the horizontal support level
And after the retest we saw a breakout
From the flag to the upside
So we are now bullish biased
And I think the price will go up
Buy!
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See other ideas below too!
ABB is forming triangle patternNSE:ABB large cap stock is facing rejection at its resistance 5 times in 2 months.
A strong breakout can result in good up move along with bull market.
In case of reversal, clear triangle can be formed.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
GBPJPY I Risky short from resistance zone 80-100 PipsWelcome back! Let me know your thoughts in the comments!
**GBPJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
Joe Gun2Head Trade - Bearish Flag on LitecoinTrade Idea: Selling Litecoin
Reasoning: Bearish Flag on the 60min chart.
Entry Level: 52.52
Take Profit Level: 50.52
Stop Loss: 53.13
Risk/Reward: 3.35:1
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