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.
FLAG
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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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!
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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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AAL - Short term flag play! Quick Post tonight!
Covering the Technicals of AAL ~ American Airlines!
Sadly this company does Report Earnings tomorrow, so that could screw with out Technical Analysis on this Chart, so I am keeping this short as Fundamentals will take presence!
We are seeing a clear flag being printed on the Daily Chart here, and A clear bounce off the support band. Looking here for a simple continuation upwards toward the upper trendline from the flag. The Candle made today is neutral, so we are looking for a jump in the coming days for a short term move up.
Momentum is in Bulls Favor (Daily, and Weekly)
It looks like a possible easy move up to resistance that could pay well.
Also, a break thru could be explosive.
Pros :
Predictable Chart here
Everything almost in favor
Con :
Daily Candle
Earnings tomorrow 9/20
DXY USD - LONG - Flag + Supply&DemandThe USD now dominates the market with huge weighting and the analysis of the future movement is essential, for all other tradable currencies and asset classes.
I provide the idea, with the consideration of rules of the "SUPPLY&DEMAND" theory, which focuses on the market influence of banks.
CURRENT STATUS:
- the DXY is in a flag, which is normally a "Bullishes pattern".
- the existing macroeconomic circumstance suggests a trend continuation.
From a daily perspective, we have broken out of an upward channel, which has not been tested at this point.
- in order for the DXY to continue its rally, it would be healthy to test the channel for confirmation beforehand.
IDEA VIEW:
- we are in the 15 min chart, which means we are looking at the market from a magnifying glass point of view. - the bullish flag could break out as in the theory and would thus allow a LONG position.
- the idea refers to an early position entry to take the whole movement with less risk (fake out)
All RETAIL market participants assume a trend continuation, but also hope for a correction. A crossroads which provides a large amount of liquidity for the large speculators / banks.
STOP LEVEL:
- Should the SL level (stop loss) set by me be broken, we can expect a correction after confirmation. (Should it not be a fake-out).
- Drawn in the chart to follow up.
TAKE PROFIT:
- there are large "SUPPLY" zones on the time levels T / W / M, which should bring about a reaction against.
> 117-120
- moreover, we have relevant 1.618 FIBO targets
> 114,864
> 115,437
- POIs are at
> 117,019
> 117,936
Should you disagree, feel free to let me know - I am still in the learning process.
Thank you and happy trading!