If you have followed last week's analysis(link at the bottom), you could have caught some profit from the Bearish Shark Pattern setup. It's a bad idea to jump in the trade and take the short trade now because you won't have an edge over the market. Instead, you could wait for the 5-0 Pattern completion for a counter-trend move. The formation can complete as...
In 1 H time frame, this is the pattern that we are in,just wait for the confirmation to make it short or long This is not financial advice use stop loss
my first trend analysis on FTMUSDT we can see flag pattern on 1H time frame now we should wait to see what happened.
It is a clean ascending triangle on a 1hr chart, if it breaks that above neckline, i am longing on that. :d
The price bounced to 0.618 Fibonacci level on the daily timeframe (2900) and now the market is testing the previous daily support case for new resistance. on 4h Timeframe, the price created two M patterns and the price is testing the second neckline above the 3100 How to approach? IF the price is going to lose the weekly support and retest it as new resistance ...
FTSE100 - Where to next? Technical pattern break out to either direction! It's been my favourite trade since 2019. However, it does look a little overextended but let's see which way it breaks out towards and that's trade I will be taking short term Don't forget - Follow your trade plan! Trade Journal
PAIR: EURJPY TRADE: GARTLEY PATTERN POSITION: SELL TIME-FRAME: 1HR -------------------- An amazing opportunity to short here in the form of a Gartley Pattern on the EUR/JPY. Deep B-point giving us a truly wonderful Risk to Reward setup on this pattern and waiting to execute. Patterns pay. <3 -------------------- Truly grateful to be here and share...
Dear Traders, Training your eyes to identify patterns and know when you can learn to know when to change your bias so easily. Regards
🤳USDJPY is currently at the neckline of a well formed Inverted head and shoulder pattern. I have clearly drawn it so we use Fib Extension to take our profits.🙏 Note: price is at it's ATH.😁
PAIR: AUDUSD TRADE: BAT PATTERN POSITION: BUY TIME-FRAME: 1HR -------------------- Looking at a good opportunity here on the AUD/USD. This is a potential Bat Pattern and I'm interested to buy up the market, if price action can touch the 886% fib level, for the Bat completion. Another nice intraday setup. -------------------- Truly grateful to be...
Hello Traders Here are 2 Long trade ideas for Bitcoin for the coming days / week. Trade 1) As you can see BTC is currently trending along a major support line. Yesterday I exited my short position from $47K, turned around and opened a long position at $39.2K. - 1st let me start by saying I am still Bearish on BTC although I do believe BTC will bounce at this...
BTC on the 4hr timeframe showing divergences on RSI & MACD. Breaking above 41.5k may show short term bullish targets 42000 42500 43000 44500 45000 46500.
The price had a rejection from the monthly resistance on the 3560 after a breakout from the 3100$ weekly resistance. On the daily timeframe (upper chart) the price is testing the previous resistance as new support on the 0.382Fibonacci level, it's a key level for the retracement. In the 4H timeframe, the price is testing the W neckline as support and got a...
As you can see in the chart in 4H TIME FRAME this is the pattern that we are in although BTC is moving down but if we break the upper line of the pattern we can take advantage and make profit out of it Just wait for the confirmation and use stop loss Guys I do trading based on patterns so my analysis is good for a short term not holding Set your R;R properly I...
Hello traders! Here is good news for buyers, we can expect a pullback from 38730 which is 1200 away from the current price. This pullback will be very strong and it will be an instant recovery. BTC will not break 37K support but the 37K support is not safe, BTC will definitely break it in near time but before that, BTC needs to form some more waves. We will also...
Bearish Wedge Pattern This usually occurs when a security’s price has been rising over time, but it can also occur in the midst of a downward trend as well. The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal.
Day trading SL-1.30285 TP-1.30942 GBPUSD long .................................