DXY - 4 HOUR - HIGH & TIGHT FLAG PATTERN BREAKOUTThe DXY has recently been trading in a tight range & has created what is one of the BEST technical setups in the market - the High & Tight Flag Pattern. In this video i'll explain what that pattern is along with 3 ways to potentially trade it.
If you enjoyed the video please do me a favor & hit that like button, also please leave any questions, comments or views below as I do go through & read every one.
Wishing you a great rest of your trading week & until next time
PLAN YOU TRADE, TRADE YOUR PLAN - Akil
FLAG
GOLD: bearish pattern created Hey guys, last week I was bullish on gold, but after the recent PA I changed my bias to short.
-First, the price formed the so-called "Bearish Flag" formation, this is a pattern that is a trend continuation and the TP is the duplication from the initial leg.
-Second, looking at the DXY I am more for a strong dollar for the near future judging by the recent candles and the strength of the momentum.
I won't be rushing to enter a position because gold and DXY are at a very indecisive point right now, so I will wait for a good correction that will at least give me a good RR
Gold - Massive flag on the makingGold is drawing a massive Flag, that could see it go all the way to 1500. After it went to 2050 and gat rejected two times in the recent years, the D point retraced to 1950, the 78.6% fib level, which isn't uncommun for gold as it likes to retrace deep. The 1500 level drawn on the chart is also the 50-61.8% Fib level of the uptrend that made up the flagpole. Looks like in the textbooks init? what you guys think??
EURNZDEURNZD - A break to either direction
Pennant/ Inverse Cup & Handle / Bear flag - Whatever is on your trade plan...
It's a break above Highs of: 1.70115 It would take you towards 1.70725
A break below the lows of: 1.69170 it would take you towards 1.68560
Ideally wait for the break for further confluence. However, be sure to stick to your own trade plan.
Trade Journal
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.
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.
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