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Flagformation

Easy Trading Setup For Gold – Bear Flag In The 4-Hour Hi Traders, Looking at GOLD today which has been falling. We have the DXY breaking out of an eight-year range, which has investors concerned and this has resulted in the commodities market falling. We have a bear flag on gold in the 4-hour time frame. I will be waiting for an impulsive break of the bottom-most support area of this flag. I need to see strong volume accompany this break. Once I see this, I will wait for a small retrace back into the support zone before entering my short position. My target will be previous weekly support. I’m looking at a possible risk to reward of 1 / 4 with this setup ( Assuming all my criteria are met for my entry ) Let's keep an eye out for this pattern. Hope you all have a great Thursday. The Vortex Trader
OANDA:XAUUSDShort
by TheVortexTrader
BANKNIFTYHello and welcome to this analysis on Bank Nifty The steep gap down on Monday breached a very crucial support zone of 33800-34000. Post the gap down we saw attempts of recovery which appear more sideways with a very minor higher low higher high bias. The structure appears to be making a Bearish Flag with the prior decline as the Pole. We can see a squeeze formation so far in it in lower time frame. It is indicating one more attempt for 33800-34000 before it resumes downward move towards 32500 and lower.
NSE:BANKNIFTY1!Short
by Dinesh_C_Nagpal
EURCHF I It will go up + 40 pipsWelcome back! Here's an analysis of this pair! **EURCHF - 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
Long
by BKTradingAcademy
4
EURUSD I It is heading uphill Welcome back! Here's an analysis of this pair! **EURUSD - 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
Long
by BKTradingAcademy
2
NZDCAD Outlook for Next Week!Welcome back! Here's an analysis of this pair! **NZDCAD - 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
by BKTradingAcademy
2
NQ Power Range Report with FIB Ext - 6/3/2022 SessionCME_MINI:NQM2022 - PR High: 12945.00 - PR Low: 12893.00 - NZ Spread: 116.50 Evening Stats (As of 12:30 AM) - Weekend Gap: = -0.10% (filled) - Session Open ATR: 427.46 - Volume: 26k - Open Int: 260k - Trend Grade: Bear - From ATH: -23.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 14105 - Mid: 12960 - Short: 11480 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.
CME_MINI:NQM2022
by mv3trader5
BTC Hitting Resistance At this moment, we can see BTC has been hitting resistance with the 0.5 fibonacci retracement line, as well slightly sitting on top of the trend line using as support. There's no confirmation yet that it would rally, we would have to see a clean break through above the 0.5 fibonacci retracement. Also a point to make, BTC is forming a bearish flag pattern from an uptrend channel, possible it could do a reversal back down but we will have to wait and see.
INDEX:BTCUSD
by Gg23gg53
GBPNZD I It will move downward + 200 Pips Welcome back! Here's an analysis of this pair! **GBPNZD - 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
Short
by BKTradingAcademy
2
COTIUSDT is creating a bear flagthe price created a double bottom on the daily timeframe on the 0.17 as you can see on the upper chart. on the 4 timeframe, the price is creating a bear flag after a false breakout from the flag and the rejection from 0.22 resistance. How to approach it? The price could have a new breakout in order to grab new liquidity from the demand zone at 0.155$ So uf the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
6
Bitcoin sending mixed signalsOn the daily BTC is sending contradicting signals. On the bearish scope, a bear flag pattern has formed which is a reliable signal that the trend will continue downward. But as the flag pattern formed there is also a falling wedge formation which is a very bullish signal, about 63% of the time the market trends upwards. We most take into consideration, inflation, Ukraine and Fed policy have played a huge part in downward movement, right now the path of least resistance is downward because there is big resistance around the $ 42,000 dollar area. We will have to wait and see what happens but most likely bitcoin will test lows it hasn't tested since July 2021 when it was sub $30,000 dollars where it will meet strong support at the $29,000 area. If you like or don't like my idea please feel free to comment, I would like to read your take on things.
BITSTAMP:BTCUSD
by Tradingday22
1
AUDCHF Heading to the downside? (FUNDAMENTALS)Hey Traders, AUD is showing weakness as the RBA are ready to start hiking rates, this data is usually already priced into the market but it is the meeting minutes which indicate where we are heading into the future. Also expecting lower retail sales data later in the week. CHF is looking rather bullish, on the other hand with not much room for the Monetary Policy to ease the outlook is rather Dovish. The data releases do remain weak but with stocks heading lower I can see money flooding into the CHF. As you can see by the chart, we have formed and broken a clean flag pattern on the 4h timeframe. Keep an eye on how this chart runs and the reaction to the interest rate hikes by the RBA. Good luck traders!
Short
by the5erstrading
1
When a Symmetrical Triangle Pattern Fails, What to DoDon't mind the audio quality & the background noise I didn't plan this just decided to share. One of the ways I figure out why a pattern fails and while my stop loss hit I fix it and make sure I recover it and even more sometime. Yea I know its not good to have that mentality of "I must recover, I can't take a loss" but as a professional you can fix it right on spot and that is why I'm sharing this for the beginners and even professional that do not know about this. As you can see on the chart the 1st symmetrical pattern was forming so I thought this is it but unfortunately after the so called breakout (which I thought) it didn't succeed I took some loss the when I saw a potential Flag Pattern forming I thought yes, this is my chance, it's happening, I would take a long immediately after breakout but again I was wrong, the 2nd lager Symmetrical Triangle is forming so when I finally figured it out I knew where exactly the next move and I took it. I recovered from the first loss and made extra, cool.
by DewyCandles
Market Unpredictability This is a perfect example of the market sometimes not going your way. I shorted on the first bearish flag thinking of course that this is one of the strongest indicators of market direction and I got burned (lost a little money). My mistake: Not looking for other signals. In this case the 20ema crossed over 50ema sending the price up. Sometimes you have to look at more than 1 indicator or pattern, this isn't always the case but it is better to have 2 signals than one. The second time both the indicator and chart pattern aligned perfectly together and as a result the market dropped as expected. I want to be clear that you should never jump back in so fast in a trade, personally after a loosing trade I step back for a day or two or trade another pair. But in this case the analysis was strong and it led me to some profits. The market is always going to do what it wants, all we can do is analyze, prepare our risk management and execute.
by Tradingday22
4
Bull Flag Pattern - Everything You Need To Know! 🏳️Hello Traders! This is the first post in my educational series, today we will be talking about Bull Flag's. - I've basically detailed everything that you need to know in the chart so theres not much more to say. - The only crucial things you need to know are... ** A Bull Flag is a bullish consolidation pattern. (Means price is preparing for the next move up) ** Anything beyond a 45* degree angle is no longer bullish and is bearish. ** There is a "Technical Target" associated with a bull flag that tends to be pretty accurate, you can use this to know when to sale. Thats basically it, like i said everything you need to know is detailed in the chart! If you found this helpful please like and follow for more educational topics! Thanks Everyone, best of luck trading!
BITSTAMP:BTCUSD
by natef1
unconfirmed breakdown of the bearish flag patternit seems bitcoin is forming a bearish flag pattern. we can find a breakdown in this pattern, but we still can not confirm this breakdown for the following reasons: 1- the Volume is to low 2- The price has not left the Break Down area quickly 3- We can not identify a strong red candle To confirm this breakdown, Bitcoin must first breakdown the Renko swing pattern. If the price returns to the flag pattern, the current failed breakdown can be considered as a potential spring.
by cryptoonchain