Traingle
Buying GRAM, trianglethere's a triangle which give us the chance of a long position!
Buying 100 units at 3.28
USDCAD short (GDP)we have one big news is a GDP for CAD and expectation good .
we looking a breakout level .618 fibo before news then go sell .
descending triangleThis is a general market prediction and does not constitute investment advice. Follow your plan and rules. Good luck!!!
AUDCHF Ascending Triangle Short ideaPrice has formed a ascending triangle with resistance being a major level
price has bounced off once before and if it bounces again now I'm expecting it to go down and break the lower trendline
A retest of the TL will add extra validity to the trade meaning it is a good idea to enter short
Long Triangle Forming-Price trading between triangle
-Price may bounce back from $22
-May go as high as approx $25
EURCHF price being squeezedPrice is currently forming a descending triangle pattern. Although this is a bearish price action pattern, we need to see a break of the zone before confirming. Therefore, it is safe to say there are 2 possible outcomes to price this week. Look for a break and retest of either the TL before going long to the next resistance or a break and retest of the weekly support zone before further bearish PA. My outlook is short given the higher timeframe bearish price movement
GOLD ENDING TRIANGLE POSSIBILITIESOUTLOOK ON GOLD IS QUITE SIMILAR TO SILVER
STILL LOOKING BEARISH AFTER PRICE WAS REJECTED BY THE MONTHLY DOWNTREND LINE AND HEAVY BEARISH KUMO WITH A GOOD BEARISH SIGNAL ON THE FISHER THERE I BELIEVE WE ARE STILL SHORT WITH ALSO UPCOMING RATE HIKES.
WITH ANOTHER POSSIBLE ENDING TRIANGLE I AM HOLDING SHORT TO TRIANGLE POINT C AROUND 111.8 PROBABLY HEDGE IN A LONG THERE OFF THAT NICE RISING SUPPORT LINE FOR A CHANCE WE COULD GO UP. IF WE ARE IN FACT IN A TRIANGLE AND WE BREAK LOWER I HAVE INCLUDED SOME AREAS OF CONJOINT SUPPORT WHERE WE COULD ENTER POSSIBLE LONGS AND SOME TARGETS FOR FUTURE HIGHS.
SHORT SILVER ENDING TRIANGLEIN MY VIEW WE ARE SHORT SILVER TO 14.600 THEN LONG TO $32
OR SHORT TO 8.600 THEN LONG TO $32 NOW THAT'S ELEMENTARY
SILVER CURRENTLY IN WAVE 5 OF THE DOWNTREND IS NO DOUBT STILL VERY BEARISH I AM HOLDING SHORT AT LEAST TO THE RISING SUPPORT IN THE $14 AREA BUT WE HAVE A GOOD BEARISH SIGNAL FROM MR FISHER THERE AND THE HEAVY BEARISH KUMO SUGGESTING WAVE 5 COULD SEE US BACK TO AS LOW AS $8 ESPECIALLY WITH UPCOMING RATE HIKES.
ITS ALSO CLEAR THAT WE COULD BE IN AN ENDING TRIANGLE UNTIL WE REACH POINT D WHERE WE COULD BREAK TO $32 OR AGAIN DOWN TO THE 8 MARK BEFORE THE MOVE UP.
GBPUSD 4H UpdateThe dollar's volatility led to monster rallies in the Sterling, euro and Australian dollar. However, the move in the Sterling will look to digest some of its gains, as we've seen with the euro.
The four hour chart shows price action is still relatively bullish near-term, but the GBPUSD is resting on the support of an ascending channel that is within a much larger symmetrical triangle.
Channel support also has price action support of 1.5343, as well as a series of key moving averages. There is the potential for a 20/200 EMA bullish crossover, which could help the pair challenge the descending trend line.
However, if prices begin to break down, the 72 EMA can converge with the 50 and cause a bearish convergence. Cable would seek out 1.5259 as support.
In regards to the triangle, a breakout of the triangle would extend the channel. A close above 1.5441 would confirm the breakout and the upside target can be seen at 1.5519.
If the rally breaks down and closes below triangle support, expect the pair to find support at 1.5120.
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