Thank you for your continued support ! :) Strategy: Candlestick Bullish Chart Pattern Formation E&O, Breakout with volume today, will this momentum can keep going? We don't know, let the market decides. However, E&O breakout from short term downtrend line and forming double bottom (W-shaped) chart pattern. If the formation has to be done, neckline at RM0.635...
Aside from the visible possibility of a cup and handle pattern, upon tracing it out, the idea is supported by a volume decrease at the base of the "cup" and a volume increase towards the "handle". This bullish continuation pattern is further implied by fib support lines. Historical support/resistance lines indicate resistance to this breakout at approximately...
To wrap up the year I'm going to leave you all with one more idea I have my eyes on. In this situation, we're looking at $MDU. MDU Resources Group is a stock that we have seen consolidate into two different patterns over the course of the last nine years. Both respective patterns have yielded excellent results as both have reached their respective targets. Now...
The ascending trending that was respected has been broken. The price has formed a head and shoulders pattern. I expect the price will rally back and retest the trend line before making a considerable fall based on this chart pattern. Either stop loss at the top of the shoulders (approx. 56pips) or a tighter entry based on the retest of the broken trendline.
Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...
Hi traders, CHFJPY is currently in a downtrend. I wait for the triangle to break to take a short trade. For this trade I open 3 Positions (3 Targets) Entry: 108,48 (if triangle breaks) SL: 108.68 (20 Pips) TP1: 108.15 (33 Pips) TP2: 107.75 (73 Pips) TP3: 107.23 (125 Pips)
Have a look at the main weekly TF for EURCAD. The horizontal lines represents support and resistance levels taken from the monthly TF. The July's monthly candle closed below 1.47000 support and additionally the August's Candle formed a strong doji rejecting and closing below the 1.47000 support. This is a strong indication that the price would likely gather pace...
Hi all, I believe that AUDUSD will drop in price! We have had a break in a trendline and are currently waiting for a drop after a retest as well. My dummy got in a sell at the wick smh! Have more fun than I am right now with a sell at that wick haha!
Hi all, happy Sunday/Monday! Get ready for this week! We have had a break and retest on AUDCHF and we should be dropping soon! Have a fun time!
Oh make no mistake, technically most of the EUR related are starting to show a strong bearish pattern . EURUSD could tumble to 1.09000 level in the coming months even on the back of a weaker USD!. The above link is shows the analysis behind the EURNZD which has a potential to drop . However since many central banks are shifting towards easing, typically in...
My Idea On EURJPY . EURJPY possible collapse since the price have been closed below daily Uptrend TRENDLINE,Minor RESISTANT And Still inside DOWNTREND CHANNEL. Wait for pullback before ENTRY. Take-profit on nearest support If Price fail to close above 123.200 it will likely to break lower This is just my opinion on EURJPY . Trading foreign exchange carries a high...
going short after breaking the support line or reversing when the chart achieves the resistance zone
The trendline is the key for the GBPUSD ones it brokes things will be clear, at the same time, the chart could bounce from the trendline and go long from the beginning
we can see some rejection on the chart due to the resistance and trendline so there is a high probability that the chart will go short from now!
we can see 2 trendlines stop the chart from breaking due to rejection so once of the trendline breaks we can see things clearly and enter a trade
from 2 scenarios i find the best and safe one is the SHORT TRADE. and it will happen after the breakout of the trendline
USD/CAD has just breaked one of the trendlines, and now there is a chance of correction will happen after that it will go long again !