Breakout is everything at this moment, wait...Fantom is in falling wedge
BINANCE:FTMUSDT has a support at 0.95 and ascending trendline nearby
So WAIT for a BREAKOUT!
High risk high return!
Buy with SL below support.
Target at 2.1
Invalid
SHIBUSDT Breaking Main SupportIt's looking like the long position here may have been invalidated. Although, with a bounce of the upper line of the descending wedge, it may still be valid. However, if this breaks downward into the wedge and breaks the second support level, I wouldn't be looking to go long until price reaches the target-buy-zone shown on the chart. With a bounce off the upper line of the wedge, and with a move back above the main support level, I would be looking to get back into a long position. This not financial advice. DYOR
EURUSD Broken analysis 1d chartI analyzed this early weds or thurs last week. I was quite excited but as you can see my pattern was not met. I am still watching this pair and I have a 1% trade in going short with it. Hopefully this week we get some better clarity. I don't have the points set exact because I was not going to share this chart but the ratios did work
USDJPY CypherHey Guys,
After getting stopped out of a short Bat pattern were back in another short, this time a Cypher.
Been in this USDJPY 4H Cypher now for around a week, after almost getting stopped out, as well as almost hitting targets we are now edging around the break even point again. The nice deep B point gave us a good Risk Reward on this trade, especially for a Cypher pattern.
Note - Price Action has recently broke and close above X @ 104.32 which makes this pattern invalid. HOWEVER, when I entered this trade it met my rules and was valid - as a result I must now remain in the position until either my stop loss or target is hit - even though we should expect the stop loss to be hit.
Will be paying attention to this trade and hopefully it will have completed towards the end of the week. Until then, no further positions can be taken on this pair.
Fibsii Team.
