CAD/CHF: Ready to Break Out? Edge-Forex is Bullish on This One!So, here’s where we’re at: CAD/CHF has been hanging out in this tight box between 0.6230 and 0.6430 for a while, just begging for a breakout. And Edge-Forex is calling it – we’re leaning bullish on this setup. Here’s why. 👀
Top of the Range Pressure 💥
Right now, price is sitting right up against that 0.6430 resistance, and with the way momentum is building, it’s looking ready to pop. If it breaks above, this could be our ticket to a bullish ride up.
RSI is Supporting the Move 📊
RSI is up around 65 – not quite overbought, so there’s room to push higher if this breakout takes off. This is a classic bullish sign, especially with price testing resistance at the top of the range.
Breakout Targets 🎯
If we see that breakout hold above 0.6430, our first stop is 0.6550. And if things really get rolling, 0.6700 isn’t out of the question. Edge-Forex sees potential for some solid gains here if we can clear this level with strength.
How We’re Playing It:
Bullish Entry: Jump in on the confirmed breakout above 0.6430. We want to see a solid close above this level – not just a quick fakeout.
Protective Stop: Set it below 0.6230. If it dips back down, we don’t want to be caught holding the bag.
Target 1: 0.6550 – the initial resistance to aim for.
Target 2: 0.6700 if the bulls really take control. 🐂
Edge-Forex is bullish, but we’re watching that 0.6430 level like a hawk. If it clears, this could be a smooth ride up. But if it fakes out, be ready to adjust. Let’s see if CAD/CHF is ready to reward the bulls. 🚀
Flagformation
BITCOIN Weekly line charttells a story of 4 discernible patterns and 4 log targets.
1) The inverse head & shoulders to end the bear market
2) A broadening rising flag .... which at the time, many thought it was head and shoulder's top on the candle chart.
3) A small sideways flag
4) and the current frustrating broadening descending bull flag. Which has cause much grief to participants but will likely gives an explosive quick large moves.
As you can see putting the chart can help in identifying trends.. key highs and lows and also gives patterns that may not be visible on a candle chart.
Another tool in your toolbox.
MYROUSDT Bullish Flag!MYROUSDT Technical analsysi update
MYRUSDT is forming a bullish flag pattern on the 4H chart, and the price is now breaking out of the flag. On the daily chart, the previous resistance zone is acting as support, with the 100 and 200 EMAs providing support at the flag's bottom. A strong bullish move can be expected.
Buy zone : Below $0.113
Stop loss : $0.0975
Take Profit 1: $0.124
Take Profit 2: $0.140
Take Profit 3: $0.20
SWING IDEA - DISHTVNSE:DISHTV appears to be forming a Flag Pattern on its weekly chart, indicating potential upside momentum. Despite Monday's market downturn, the pattern has demonstrated resilience, maintaining support levels.
If the pattern holds, we can anticipate a continuation of the upward trend, targeting Swing High levels. This bullish outlook is further reinforced by the company's recent partnership with SEI ROBOTICS to launch the innovative 'DISH TV SMART+ BOX', integrating TV and OTT capabilities across devices.
Key takeaways:
- Flag Pattern formation on weekly chart
- Strong support levels despite market volatility
- Potential upside momentum towards Swing High levels
- Positive news catalyst: Partnership with SEI ROBOTICS for SMART+ BOX launch
Recommendation:
Investors and traders should monitor DISHTV's price action closely, as a breakout above the Flag Pattern's Support levels could trigger a significant move. We maintain a bullish stance, anticipating a potential revisit of Swing High levels in the near term.
Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Please conduct thorough research and consult with a financial advisor before making any investment decisions.
Binance Coin - We Will See The Bullish Breakout!Binance Coin ( CRYPTO:BNBUSD ) is hugging the previous all time high:
Click chart above to see the detailed analysis👆🏻
Binance Coin has been hugging the previous all time high resistance for a couple of months in a row. Therefore it is quite likely that a bullish breakout will happen soon and following the previous pattern entry, Binance Coin could even hit 5 digits during the next crypto bullrun.
Levels to watch: $620, 20.000
Keep your long term vision,
Philip (BasicTrading)
Gold Outlook Today we have experienced a new over purchase manager index PMI which has shown pretty much data that was the reason gold has moved up and USD has dropped now as the news is over and price is forming a resistance over 2630 physiological level also price is consolidating between 2615 to 2630 level which probably be making a flag pattern which is a bullish continuation pattern now we will wait for break above 2630 and break below 2615 then we will act accordingly
Thanks
Flag pattern Breakout in Pharma IndexIndices are far more reliable during technical analysis as compared to the individual stocks.
The pattern is a clean one in Nifty Pharma Index.
This is to spread the awareness about technical chart patterns and not a buy/sell recommendation.
Always do your own research before making any financial decision.
NQ Power Range Report with FIB Ext - 8/28/2024 SessionCME_MINI:NQU2024
- PR High: 19645.00
- PR Low: 19575.50
- NZ Spread: 155.5
Key scheduled economic event
10:30 | Crude Oil Inventories
Quick inventory grab into liquidity below 19500
- Maintaining week range from 19500 to 20000
Session Open Stats (As of 10:45 PM 8/27)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 377.89
- Volume: 18K
- Open Int: 237K
- Trend Grade: Bull
- From BA ATH: -6.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Frankly, I don't feel like explaining, the chart says it all !!Hi.
BINANCE:NOTUSDT
🔵We have a Bullish Structure here
NOTUSDT formed a falling wedge on 12h timeframe🤔
Up we go if we do breakout ,also a bullish Divergence (RD+) on MACD which shows Positive Signs for NOTCOIN.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
39% Lying on the Table in BPCL chartsThe fundamental situation, BPCL is in, I can not see it not going ahead and achieving the 39% technical targets.
Disclaimer: I am holding since 355 and have targets of almost 100% from current levels, i.e. of around 1150.
Trade/ make financial commitments at your own risk. This is to spread awareness and not intended as a buy/sell call. Always, do your own research and/or seek expert financial help.
C&H inside C&H to a 1000% soon on solid project $BTAFThe Bitcoin Trend and Forecast token, $BTAF is performing a stunning pattern:
It is a Cup & Handle inside another Cup & Handle!
What you see is a bigger picture, some 15 months; it has performed a very large C&H that has already broke out from handle (downward yellow channel), with target at stunning 1000%
The handle of this bigger C&H formation is another C&H! This smaller handle is a perfect wedge that is sitting over the black VWAP line
Targets from yellow flag is 280% from today price and it coincides with the Beam Band (thin purple line) and target from the small C&H is 100%
But look at larger picture! While you go to 1000% you can make small profit takes on the way up
UPL chart is ultra dynamic for good return UPL is best share in chemical sector for fresh buy or bottom fishing
what technical parameter speak
1 Flag pattern visible on weekly chart pattern
2 Inside that flag double channel also visible
3 following proper fab. point
4 Fer people called rounding bottom reversal
5 some people called hook pattern
strong support on 500 and and that will jump again in his range of 600 to 850
support 500
Resistance 600
flag and life time high completed on 850 after that actual bomb blast on that share
BUY upl above 540
TRG 1 - 620
TRG 2 - 720
TRG 3 - 820/860 above 860 trg is open for 1000/1200/1400 "
SL - 420
that trg if adjustable for long term and short term investors
before making any position consult with your financial advisory
that all data and details only for the observation and study purpose
Tesla - Clear flag formation!Hello Traders and Investors, today I will take a look at Tesla .
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Explanation of my video analysis:
After the triangle breakout and the bullish break and retest on Tesla stock back in 2020, we saw a significant rally of 1.500% towards the upside. For 3 years Tesla has now been trading in a decent bullish flag formation and just broke an important support area towards the downside. However at the moment Tesla is literally in no man's land so it is better to wait for the next retest of structure.
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Keep your long term vision,
Philip (BasicTrading)
Tesla - Is it a fakeout?Hello Traders and Investors, today I will take a look at Tesla.
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Explanation of my video analysis:
Back in 2020 we had a decent break and retest on Tesla stock which was followed by a pump of +1.500% towards the upside. Then Tesla topped out in 2021 and we saw sideways movement ever since. At the moment Tesla stock is trading in a bullish flag formation and is hovering around the psychological $200 level. Soon there will be a very interesting trading opportunity on Tesla stock.
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Keep your long term vision,
Philip (BasicTrading)
Tesla - Don't get caught up!Hello Traders and Investors, today I will take a look at Tesla.
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Explanation of my video analysis:
In 2020 Tesla stock created a beautiful break and retest of the previous all time high which was followed by significant continuation towards the upside. After this pump Tesla stock entered a long term consolidation phase, forming a bullish flag formation. Considering that Tesla just retested and rejected the upper resistance, there is a quite high chance that we will retest the next support at $120.
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Keep your long term vision,
Philip (BasicTrading)