GBP/USD Long (Rising Traingle)Going long on current rising triangle on GBP/USD
- Lately GBP/USD been trading at good levels of support and have been looking for a long entry for over a week.
- The Triangle set up here is very promising as we just recently broke out and we are making are way over some crucial EMA/SMAs
Risingtriangle
AOT | Wave Projection | Rising triangle ABCDE Uptrend TargetPrice action and chart pattern trading setup
> Rising triangle ABCDE pattern @ breakout neckline position
> TP1 estimated @ height of E wave +17% upside 1.618 extension of CDE wave
> Stoploss @ triangle support -8% downside
> RRR: 2:1
Always trade with affordable risk and respect your stop
DOGEUSDT | ABC Correction Uptrend B-Wave Projection +40%Price action and chart pattern trading setup:
> This TF4H wave projection is indicating that after 5 wave correction forming A-wave now possible making a B-wave rising triangle pattern for uptrend correction.
> Target @ R1 is the rising triangle target +20% upside and R2 is the bullish flag target +40%, both are the potential B-wave correction target at 0.5 and 0.618 fibonanci retracement.
> Entry @ rising triangle breakout confirmation or between S1-S2 pullback zone
> Stoploss @ slightly below S2 position -15%
> Risk reward ratio: 1.5:1 for R1 and 2:1 for R2
Always trade with affordable risk and respect your stoploss, nothing 100%
WHA | Wave Projection | ABCDE Rising Triangle TargetPrice action and chart pattern trading setup:
> The key level to watch for the price now almost reaches the upcoming channel resistance and minor ABC pattern T1 zone.
> Take partial profit recommendation, most likely to retest the triangle neckline or breakdown making E wave dump and pump pattern.
> Entry @ neckline pullback zone 0.382 and S2 @ 0.618 SMA200D zone
> Target @ T2 Major ABC Target and Inverse Head & Shoulders +25%
> Stoploss @ SMA200D zone -8%
> Risk reward ratio: 3:1
Always trade with affordable risk and respect your stoploss
LANNA | Wave Analysis | ABCDE Triangle Breakout TargetPrice action and chart pattern trading
> Elliott Wave Projection - Rising triangle wave ABCDE breakout pattern
> TP1 @ Upper channel resistance wave v leading diagonal - 1.382 extension of wave iii +12% upside
> TP2 @ 1.618 extension of wave D +18% upside
> Stoploss @ SMA20 - 6-7%
> Risk reward ratio: 2.5-3:1
Always trade with affordable risk and respect your stoploss
ADA/USDT BINANCE H1 Rising Triangle (prospect)ADA/USDT BINANCE H1: Rising Triangle (prospect)
Rising Triangle H1 with missing "5"
Three Scenarios Possible
1) "5" is made and bullish breakout with Bullish Targets
2) "5" is made and bearish breakout with Bearish Targets after the next "4" is made
3) "5" is not made and bearish breakout through the trendline, here the target would be "⚠️ PROSPECT: RT Bear "2" Target H1 (1,104)" only as marked with the horizontal line
SOLAR | Rising Triangle | Entry Breakout Setup Price Action & Chart Pattern Trading
> Rising Triangle | Buy @ Breakout above EMA400
> Target zone @ Volume Profile high D-shape Point of Control - Fibonacci Retracement 0.786
> Stop Zone @ the lowest triangle
Indicator Support:
> Smart Money and Banker Chip Volume
> BBD signal - positive above baseline
> Fund flow reversal pattern still below entry position
> KDJ uptrend ribbon
Trade with affordable risk ratio 3:1
Always respect your stoploss
NER | Rising Triangle Dragon Pattern | Entry @ Breakout SetupPrice Action and chart pattern short-medium term trading
> Rising Triangle Dragon Pattern
> Entry @ breakout trend line SMA 200
Indicator:
> Bullish RSI crossing MA line above 50
> Rising MACD just below baseline
> CMF reversal crossed baseline 0.
Short term RR 2:1 Medium-term RR 3:1
Always respect your stoploss
CRC |Rising Triangle with Bullish Cypher Harmonic Entry PullbackPrice Action & Chart Pattern Trading - TFW
> Rising triangle with bullish cypher harmonic pattern
> Entry @ Pullback trade
> Indicators: Smart Money Volume support | Banker BBD bullish reversal signal | Banker fund flow reversal pattern | KDJ uptrend ribbon
Trade with affordable risk ratio - 3:1
Always respect your stoploss
Good Luck
UVAN | Bullish Butterfly | Rising Triangle | Pullback SetupPrice Action & Chart Pattern Trading
> Rising Triangle PULLBACK medium term trading setup
> Bullish Butterfly harmonic pattern
> RSI & MACD bullish signal above baseline
Trading with affordable risk ratio 4:1 for medium term
Always respect your stoploss
Good Luck
CPF | Trend Reversal Pattern Rising Triangle CPF | Thailand SET Index | Food Sector | Trend Reversal Chart Pattern | Rising Triangle
> Wait for candle breakout
> Multiple Bottom signals
> Banker Chip & Big Lot volume continuous supports
> MACD approaching golden cross (crossing up 0)
> RSI Ribbon strong divergent
Stoploss just above triangle bottom - Price Target at Fibo 0.786 - 1.00
Risk Ratio 1:3 minimum
EURAUD 1DSummary:
EURAUD traded in a rising triangle formation
The pair broke above the upper limit of the formation today
Recommendation
Trade: Long EURAUD for the market
Take Profit: 1.6017
Stop loss: 1.5400
Justification:
EURAUD has been trading in a triangle formation since late Feb 2021. Today's break above the upper limit in the 1.5630 area signals that we could be in for a bigger move. A potential range target points to a price zone above 1.6017 EURAUD, which acted as short-term support in December 2020. We recommend a long EURAUD position behind the market with a target level of 1.6017. We place a stop loss below the recent lows.
WABIBTC is creating a falling wedge 🦐WABIBTC is creating a falling wedge below the weekly resistance. IF the price will have a breakout and flip the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.