Stilllearning
GBP/USD -1D- Key Level Reached Still learning so please let me know your thoughts....
As you can see the price has tried to break the 78.6% Fib level for the last 7 days.
If we see a solid break of 1.37461 then the price could push along the lower trend channel or even break into the upper channel.
FX:GBPUSD
AUD/USD - LONG IDEA - 4H****UPDATE ON PREVIOUS IDEA*****
Reminder - Still Learning - Use or ignore this information as you see fit.
Continuing to rise - HOLD
* Price did drop below the trend line previously drawn.
* Trend channel moved slightly to fit the breakout.
* Appears to be false break out, price bounced off new trend line.
* Next major resistance marked by yellow line.
SL - 0.76809
TP - 0.81200
eth update,, sell confirmation as hoped as previously published,, after a beautiful bullish trend that lasted days, ETHUSD could be ready for a change in trend. we see the break happen at 8:45pm, 11-21-2020, look out for a retest and close before entering with confidence. so far I see 3 indications for a strong sell, Algo Oscillaor, RSL above the 25 dotted line and Algo bot ,,,,, could this be a sell party? what y'all think
SUNW: Double ABCD pattern? is that a thing?SUNW on the 1 hr chart.
I think I see SUNW going from a descending ABCD pattern immediately into an ascending ABCD pattern.
The last point that could be the second "D" is already above its "B" point.
Not sure if I am wrong or the pattern I am seeing is called something else, but any input would be greatly appreciated.
I made a couple fibs (2 extensions and 1 retracement) to get an idea of the potential PT areas.
It looks like 0.75 - 0.90 is a reasonable range to look at.
If its end point is in that area, I think it is definitely a second ABCD pattern
Let's see what happens!
Is HTGM just full of ABCD patterns?HTGM on the 1 hr chart. I swear this ticker is full of ABCD patterns!
I am learning to identify ABCD patterns, and i am hoping my observations are accurate here.
I see a large ascending ABCD pattern leading to a huge descending ABCD pattern.
At the bottom I see a small descending ABCD pattern, which appears to be starting its upward movement.
I have setup 2 fibs, extension and retracement, both showing potential PT range of 3.50-3.90 with 3.75 looking very doable.
Hopefully I am right because I entered this thing at 0.3094!
Let's see how it goes!
A little choppy XAUUSDLooking to still be bearish short term.
Not sure when it will break out to the downside
but it has been bullish since opening and dancing in the 1600-1630
range.
Hopefully last 30 min we get some movement to enter for a buy
yet short term we are looking bearish for the buy set up.
Please add any advice for me I am still learning.