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Pattern-trading

ShortI am not so much expert but what I can see here that it is changing from flag up pattern to triangle one also towards downwards. I think from 1479. It will start falling for long term because it will break out the pattern or it will go beyond if it breaks 1502 resistance which usual one for short term. but my best suggestion goes for Short Term. Rest is upto your guys. If you like my idea then Hit up. Please suggest your views as well. I analysed on H4 and Day chart.
FX:XAUUSDShort
by sachin555
1
Return of the inverted head and shoulder pattern xrp/usdIt was nice to see the inverted head and shoulders pattern play out on my previous update. I really hope some of you made some profit out of that. It wasn’t so good seeing the bull Pendant get swiped by the bears. I could be wrong but this pattern seems to follow the trend line and the resistants line is taking a bashing. Hopefully it will convert and become support. I call 0.27+ maybe it could still go lower this is crypto; but the trend line looks as though it may turn parabolic for the short term. Look to the sky’s and fly high good luck
Long
by Zioncoins
Fractal comparison for bitcoin, bear or bull? Bear!Hey, guys Just a few minutes ago, bitcoin surge about 1000 USD from ~ 9200 to ~ 10400. lots of pain for bears, especially whom holding high leverage short contract. But when I check the fractal for bitcoin, there is a pattern very similar to current chart, which happen in 11.Mar. 2018. The similarities are: Double top in 4H time frame. Bitcoin price break down the neck line of double top. Bulls tried to break up the neck line, but failed, price drop again, but high low formed. Price surge more than 1000 USD in very short time, and break up the neck line. RSI indicator pattern, pls refer to the chart, it explained itself. This activity (break up neck line suddenly) is try to liquid all of short contract or short holding. since large short holding are the resistance for drop(shorter will buy back in the lower price, buy activity is the resistance for shorter itself) . In traditional trading, most of shorter will open short contract after the price break down neck line, and set stop loss above the neck line. This is also the difference between traditional trading and crypto currency trading, how to beat the market always an art to learn in lifetime. Keep patience! Pattern fail scenario : when price break up ~ 11300 with decent volume. if that happen, I will liquid the left of my short position which from ~ 12000. Success pattern : price drop below neck line again ~ 9700, that means bleeding for longer incoming. This thread just an interesting comparison base on my observation, not a trading suggestion. If you thought it's interesting, pls give me a like, many thanks!
Short
by HuPan
34
AUDCHF: Bearish Cycle Started Hey guys, Today we opened a short on the AUDCHF pair. Looking at the 4h Chart we can see how price made a peak high with a divergence after rising with 3 levels. We missed to enter on the top of the high as priced moved already one level lower. We expect a current consolidation zone - holding the 0.5 fib level. Consolidation levels are marked in yellow boxes as always. Trade is not as perfect because risk/reward is only 2.2 but the setup is very clear. Will keep you guys updated in the comment section.
Short
by darian_fx
Waiting for the breakout on Ripple Along with BTC and the other major altcoin versus the USD, a pennant pattern is forming. If we were to assume trend continuation, a breakout to the downside would be the more probable outcome. Should this occur, a projected target from the consolidation zone that has almost complete is shown @ 0.46 satoshi. Great risk to reward should this pattern play out. Note the volume is decreasing. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
BITFINEX:XRPUSDShort
by hedgewithcrypto
Quick profit: BTC short = 2.8RBTC price still hovering near the high of it's bull run from last Thursday on the 12th. We've had a break and hold above the yearly downtrend channel and created a bearish Flag pattern. If we look closely we can see price consolidating and failing to close higher and thus a 1hrly Head and Shoulders pattern has forming horizontally along the Bearish Flag Pattern were the lower channel of the bearish flag pattern is acting as resistance suggesting a short for BTC. BITSTAMP:BTCUSD We have a clear target of 7500; 50% of the Fib from last Thursdays surge which lines up nicely with previous highs and lows confirming a decent support and resistance flip. Nice easy conservative target with a risk reward of 2.8 your initial risk. Not bad for half a days work. See you on the flipside. Entry at 8130 Stop Loss 8350 Take Profit 7500 = 2.8R "Play the Market, not the Game"
BITSTAMP:BTCUSD
by bmlaurence
CHFJPY - 2 Harmonic trend continuation opportunities Hello traders, 2 nice harmonic patterns on CHFJPY 0.11% to hop in the trend. Reason for entry: Price broke a major support level on the daily TF. That gives me a reason to short any harmonic move's into the previous outside return. Pattern 1 (blue) - Potential Cypher: Entry: 113,882 SL: 114,577 T: 111,501 Pattern 2 (pink) - Potential Gartley: Entry: 113,057 SL: 113,595 T: 111,501 Lets see if one of these (or borth ofcourse) patterns can complete Have a great week of trading Regards
Short
by TimBrent
A pennant in the DOW30We startet comparing the short to trend and volatility in FTSE and DOW, the correlation changed friday and FTSE whent up og DOW30 down. Dow will take fridays points back monday morning and a good possibility of a pennant pattern. A low risk trade can be done if we break the fabonacci 61,8 and a more risky would be right now in fabinnaci 38,2 - 20650. If the DOW dont break the 61,8 og uses it as a support zone there might be a possible short trade with a clear signal. Low risk be patient and wait and for the 61,8. Higher risk go long in 20650, the RSI is bullish and indicates a long trade. MACD shows on the WEEKLY chart a strong buy signal, with MACD, ADX, Ultimate Oscillator and ROC all showing buy signals. MA ,20,50,100,200 shows buy signals and MA,5,10 sell signal. The STOCH indicates that the index is overbought, so have this in mind. ALso we have the daily chart wich us very neutral, indicates a little sideways, but the volume also the support of bullish.
OANDA:US30USDLong
by lydiksenr