Spot Setup. Entry at the bottom of the symmetrical triangle, last take profit can bring you 140% in profits base on 0.618 Fibonacci retracement level, stop lost -20% only Spot.
gbpaud is starting to form a neutral pattern, make sure first gbpaud breaks resistance or breaks support so you know where the next movement is going, but I think gbpaud will move up towards 1.844. So I recommend doing long positions
gbpjpy is moving quite well, I expect that there will be a break downtrendline and confirm the symmetrical triangle pattern and continue the rise in gbpjy you can see the supply and demand area for yourself, happy trading
XAUUSD is trading a symmetrical triangle in the weekly chart. Price is bouncing back and forward in between 8 nov and 13 dec . Price has recently rebound the 1853.943, the last high is 1853.943 Price is currently trading above the mid range of the symmetrical triangle
Eur GBP potential make simetrical triangle with one correction wave, place buy limit in support trend line and use fibonaci expansion to see take profit area, dont forget to set stoploss
$CR price has been forming a simetrical triangle for the past year Price action suggests that we might go and breakout from it (keep in mind it tried in july and failed) MACD and RSI support the move up Look for a WEEKLY close outside the triangle in order to participate Measured target around 114.91 Good luck, TA
XAUUSD long to 5 waves, because waves 3 to 4 have simetricaltriangle pattern, then up to 5 wave (1.272 Ext). i use fibonacci relationship for calculate Targets. you can buy in 1680 or 1687, then TP 1. 1720 and TP 2. 1751, SL 1670. *NOT 100 %, but you can use this for learning.
So we have an inverse head and shoulders ons gold (GC1!) 15min chart - positive We have a descending triangle on the same chart, negative. We have a semetric triangle on the same chart. If inverse head & shoulders plays out, its real bullish for price of gold to continue to $1600. Play-out of the other two formations might only be a short term correction. I...
One for you "gold bugs" out there $FNV has formed a symmetrical triangle pattern since SEP On the back of strong move from gold prices in the past 3 sessions we notice strong volumes (above 600k/day while avg is around 500k/day) MACD crossed bullish signal and histogram now positive, RSI well into positive area and space to go higher Look for a sustained breakout...
Checking Peter Brandt's book, trading commodity. I found a pattern curiously that fits very precisely with the current bitcoin pattern. It is a continuation pattern of the upward movement, attached the image of Peter's book, it could be a great possibility to see a strong movement in bitcoin. ibb.co