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Trendcontinuation

EURUSD - Needing PULLBACK for TREND CONTINUATIONHi Traders! As you can see the market is in a calm short session on the 1H Timeframe. It is moving in a parallel channel since the beginning of February (1.10900) until now (1.09500). This is a difference of 140 pips! Now we're expecting a breakout upwards to "breathe" and having a pullback. The next logical area is the resistace at 1.09950. If the market reaches this area and it makes a confirmation, than we will sell it. The reason is, that we're expecting a trend continuation (Downtrend). Our Target is the 161.8% of the Fibonacci. The Fibonacci starts at the beginning of the pullback and it ends at the resistance. Our Risk-to-reward ratio looks pretty good: 1 to 3 . We recommend to sell after the breakout for a trend continuation! Thanks and good luck :)!
by swissmoneymakers
EURGBP - Still BearishHi Traders! The market is now in a strong downtrend. In a healthy trend, it is often difficult to look for an area from where the market could bounce back or continue. That's why we use the 50 period MA to identify where the market is at an important level. Now the market is in a retracement move. The 50 period MA is also touching the price, so now it could possibl continue its trend. The risk-to-reward ratio is 1 to 2. We recommend to sell the Trend Continuation at the resistance area and the 50MA. Thanks and good luck :)!
Short
by swissmoneymakers
USDCAD Short: 61.8 Fib level & 100 Moving AverageSo, we have double indication for USDCAD to continue its way down. First, it bounced off 61.8 fibo level, which is a major fibo level. Second, it keeps making lower-highs after the price touched 100 period Moving Average line represented in orange, which I like because people can produce dozens of different analysis in their charts using different methods but 100 period Moving Average line is the same everywhere in the world. It's objective, and I like objective things. I'd like to wait for a break of structure in much lower time frame before considering a short position, coz, y'know... entry precision and stuff. Cheers!
Short
by sentientfaxmachine
2
BITCOIN looks very BULLISH - This is where you can BUYHey tradomaniacs, Bitcoin looks overall very bullish and could initiate new Up-MOMENTUM very soon in order to continue the uptrend. In this scenario I can clearly see two chance to buy Bitcoin after the breakout of the current correction in form of a FLAG-Pattern. The market is currently fighting between three significant MA`s and has shown more momentum upwards after breaking above the 200 M/A which could be our new support. The best scenario would be another re-test of 6.000 which is a high supply-zone looking at the weekly chart. We`d have a nice chance to buy Bitcoin for a low price before it should get back to 12.000 - 14.000. The second chance to buy would be the break above the current trendline and resistance-fan the market has created @ 9.000. Wait for the brekaout and a retest of the current market-structure before you buy. We see lots of bullish divergences indicating a weakness of bears here. Good Luck! =) ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
BITSTAMP:BTCUSDLong
by Trading2ez
GBPUSD - Trend Continuation - Bearish Flag + RetestHi Traders! As you can see the market is in a healthy downtrend. The market even broke out of the support at 1.29700. The candle which broke out was a very strong candle in relation to the others. That is a sign of strength in the market. After that the market retests the area with a bearish flag. If the market bounces back successfully, then there is a good chance of a trend continuation. We recommend to sell the break of the flag with a risk-to-reward of 1 to 2.5. Thanks and good luck :)!
Short
by swissmoneymakers
EurUsdEurUsd 60 put an impulsive move to the downisde breaking through support and now we are in the clear to go to lower levels of support just below. The blue zones underneath are potential extended targets you can take based on your approach. We are currently putting in some nice small rejection candles on the 60 into our previous support now resistance levels so we can see the push down from here should this strong move continue to the downside. We also have RSI oversold which is a nice sign of strength.
Short
by Lach1217
3
BASICS TECHNICAL ANALYSIS - TRENDFOLLOW FORMATIONFORMATION ANALYSIS: PRICE PATTERNS AND CHART FORMATIONS A trend setting of technical analysis is formation analysis. In doing so, certain combinations of movement and correction are considered. If such a combination is detected, the trader can try to trade the resolution of the formation. Basically, a different is made between the trend continuation formations and the trend reversal formations. They are often caused by resistance and support lines. Trend continuation pattern: Confirm the strength of a trend. These are, for example, rising / falling triangles. Even flags and pennants (see picture) are seen as a trend continuation.
COINBASE:BTCUSDEducation
by i-like-profit