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Funnel

PM FUNNEL BULLISH OUTBRAKE PM retains a client base for decades, and a good funnel right before earnings. The textbook bullish funnel with 3 support points vector and 3 resistance points vector, the conclusion is nearing close to the earning date. Brake might be significant in either direction combined with the statistical probability of positive earning due to the past 15 WWWWWWWWWWWWWWL. Seeking 112 which was a 22' high level is not unreasonable. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:PMLong
by legacyFXofficial
XRP BULLISH SENTIMENTGood potential funnel at the beginning of formation on the daily chart. XRP has been showing positive sentiment compared to other crypto rivals in the past couple of months, recovering faster, dipping lower, etc. Nearing SEC vs Ripple LABS case "season finale", ripple is resuming collaboration that was set on hold during the case development, which itself is a positive indicator for the asset. We would more likely see a funnel bullish brake rather bearish one. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
2
Tactical Funnel Trading (EURUSD)As euro is capitulating we are positioning for another short term rally contrary to the overall trend. Here using a funnel between 1.11250 and 1.12400 range. If the funnel is broken from the downside we are looking into further capitulation and trade being cancelled. Otherwise we are positioning for a breakout trade around 1.11620 mark. Please note that if the projections don't pan out as illustrated the trade should be discarded regardless. Trade safe, trade well
Long
by fromzerotospyro
1
EURUSD BEARISH BIASHello Traders My first Tactical Trading Tuesday for the year on my favorite pair. As we see EURUSD price action complying within a converging triangle I'm pointing you towards two tactical entries. The first entry is following the main trendline on the bearish daily momentum and expecting strong resistance @1.15 level And the second entry featuring a breakout from the triangle as price is projected to break support around @1.1350 Please bear in mind that this is a daily chart so these trades are primarily geared toward the medium to long term traders. Any deviation from highlighted yellow projections will deem these trades invalidated. Trade safe, Trade well.
Short
by fromzerotospyro
Funnel Trading: A case for funnel break out on EURJPYHello Traders Looking further into a choppy market indeed I present to you my tactical entry on EURJPY. The price has been fluctuating within a funnel here on the 4h chart. We are looking to position in a potential continuation.(looking at 128.000 round number as potential level) Also note that this is the third time that price tested the funnel and broke it with some forceful downward momentum. Please bear in mind that you should always place stop loss orders in every setup. Trade safe, trade well.
Short
by fromzerotospyro