Trianglebreak
Unlocking GBPUSD Bearish Potential: Triangle Breakdown📉🔒Traders, brace yourselves for an intriguing setup on the 1-hour timeframe for GBP/USD that you can't afford to miss:
📌 Technical Analysis Highlights 📌
🔽 Descending Triangle Breakout: The recent price action has delivered a convincing breakout from a descending triangle pattern, laying the foundation for a trend continuation setup.
📈 Moving Average Resistance: To further bolster the case for a trend continuation, the moving average is acting as a steadfast resistance, combining forces with the descending triangle breakdown.
📈 Trade Strategy 📈
This setup isn't just an opportunity; it's a smart move in line with the prevailing trend. Trading with the trend is consistently more rewarding than attempting countertrend strategies.
💼 Risk Management: Mitigate risk effectively by placing your stop loss above the resistance zone.
🎯 Take Profit Targets 🎯
1️⃣ First Target: 1.21350
2️⃣ Ultimate Target: 1.20500
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you want more qualitative insights like this one 🌊🚀
Solana (SOL) -> New Altcoin SeasonMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Solana.
During the year 2021 we saw a crazy rally of more than 25.000% on Solana and since the beginning of 2022 Solana perfectly dropped more than 90% towards the downside.
Following this overall long term pump and dump trend I do expect another crazy pump after Solana broke out of the current triangle formation.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
GRAPHITE INDIA ready for breakout and bull runGRAPHITE INDIA ,can be now a multi bagger stock if breakout sustains and investors looking for good investment oppurtunity can enter here as safe entry point.
those who are looking for 1-2 years of investment and good returns can enter in a SIP manner to avoid risk of major loss as volume increases investment amount can be increased.
NOTE: Enter only if strong breakup volumes are found
Dogecoin (DOGE) -> Don't Miss OutMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Dogecoin.
Since May of 2021 Dogecoin has been declining quite significantly and dropped from $0.7 to $0.07 which is more than a 90% correction from the highs.
However Dogecoin is also forming a bullish continuation triangle and after a breakout I think that we will see another bullish pump on Dogecoin with new all time highs in the process.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
TATACONSUM Wave 4 Seems CulminatedAs you can see the chart there are clear formation of the waves on monthly chart.
Intermediate Degree Waves (1), (2), (3), and (4) has completed.
The Tringle has also been broken out and retested. Now the Price may move towards 925-1090 Range.
The return expected are around 20-23.5%.
The information and analysis provided here is intended for informational and educational purposes only. It should not be considered as financial or investment advice. We are not a licensed financial advisor, and the content provided does not constitute any form of recommendation, endorsement, or solicitation to buy or sell securities, stocks, or any financial instruments.
CHRUSDTCHRUSDT is in strong bullish trend and recently has given the breakout from symmetrical triangle. The price was reacting well the support and resistance of triangle.
Currently the price has break through the resistance of triangle where the buyers are showing good strength .
If the breakout sustain to upside ,the optimum target could be 0.1090 followed by 0.1140.
What you guys think of this idea?
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Descending Triangle
📌 Symbol/Asset: JMF Financial
🔍 Description: Multi-year break out of pattern.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Ascending Triangle Breakout WTKUSDTA variation of an ascending triangle breakout occuring on WTKUSDT (WadzPay). Minimum target $0.0273 as measured by vertical distance of ascending triangle also coincides with previous resistance levels.
Balrampur Chini [Seasonal Swing] #Sugarso here is my seasonal swing pick balrampur chini you might have noticed that the price of sugar stocks generally rises during winter season & on chart its forming a classical Ascending Triangle Pattern.... here is my plan if it comes near support trendline after a good candle i will enter with 50% and rest on breakout of resistance, Or fully on Breakout
Do consult your financial advisor before making any investment decision this is only for educational purpose.
ADAUSDTADAUSDTis trading in symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the support of triangle where it is also forming a local support zone and seems like the price may break through the triangle.
If the breakout sustain to upside the optimum target could be 0.2650 followed by 0.2700.
AUDNZDAUDNZD is trading in symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the support of triangle where it is also forming a local support zone and seems like the price may break through the triangle.
If the breakout sustain to upside the optimum target could be 1.0842 followed by 1.0880.
Mdx is Bearish #Mdx is in Big falling wedge at daily time frame and it will keep dumping.
At 4hrs timeframe, Red descending triangle breakdowns but a retest is pending. Might be possible price goes up to red line to retest triangle and then it will go down. Also it can go down without a retest.
YCA - Yellow Cake breaks triangle Yellow Cake has broken its triangle formation which began in April 2022. There has been a retest at 398 although it is experiencing resistance at 448. The triangle formation in an uptrend is bullish. However, volume is low and, as a result, the breakout is weak.
NOTE: This post if for education only and not a solicitation to buy, sell or hold. Do your own research and trade your own plan.
Apple -> Only Two More Days Guys!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪
Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance.
The weekly timeframe looks a little bit overextended with barely and red candles during the last major push so we could certainly see a retest of the previous all time high at $180.
Apple is currently once again failing to create a new all time high at the $196 level and you can still see the very obvious key bullish trendline which is still pushing the price of Apple stock higher - now we will either see a bullish breakout or a bearish breakdown, until then no setup.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset: