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Trianglebreak

GBPCAD - NEW BREAKOUT 📈Hello Traders 💖 On The Daily Time Frame The GBPCAD Broke The Major Key Level (Support Becomes Resistance Level) and he Broke The Resistance Line ✔ Currently, The Price is testing 1.68195-1.68603 Support Level for Creating a new Higher Low 📈 If Price Stays Above The Key Zone, GBPCAD Can Continue The Bullish Move 📈 ----------- TARGET 1: 1.69930🎯 TARGET 2: 1.71650🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Long
by Hsan_BenAhmed
6
BTCUSDT Igniting the final bearish leg of this cycleThe price action is telling me that the next macro swing-downward, probably the last leg-down of this cyclical bear market is igniting. Now, after a retrace of the "thrust-false break" to the weekly supply in an greedy extensive wave v, the shape of this retracement triangle is indicating a reliable reversal point. On the other hand, the bears are slowly taking control and the price will not return to the "upthrust". The minute pattern points to demand, which is a expected retrace for the main triangle. I'm considering this peak as a head of a potential head & shoulders formation on macro.
Short
by firmestudio
Bitcoin -> Symmetrical Triangle BreakHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that as we are speaking Bitcoin is approaching a quite obvious previous weekly support zone which is now turned resistance exactly at the $33.000 area. You can also see that the past three weeks there was literally no movement in Bitcoin price so I am now just waiting for the market to pump another 15% towards the upside before then rejecting the resistance area. On the daily timeframe you can see that Bitcoin has been forming a quite nice symmetrical triangle over the past couple of days so I am now just waiting for a breakout and then I simply do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:BTCUSDLong
by basictradingtv
25
XAUUSD CONSOLIDATION CHANNELThe 1970s is the peak of the consolidation triangle. Serious concerns about the rate hikes due to OPEC+ output cuts might drive the precious metal price to new highs in the 2050s - 2100s range from March 22. Gold remains the safe bet for inflation, economical instability, and war, currently, we are living in a combination set of all mentioned. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FXOPEN:XAUUSD
by legacyFXofficial
FTM trading inside of a Triangle The price of an asset moves within a narrowing range over time, forming a shape that resembles a triangle. Given the possibility of a breakout in either direction, one trading strategy is to wait for a clear break of the triangle pattern in either direction before entering a position. This could be done by setting up buy and sell orders on both sides of the triangle, with stops and limits placed accordingly to manage risk. It's worth noting that trading within a triangle pattern can be risky, as there's no guarantee that the breakout will occur in either direction or that it will be sustained. Therefore, traders should use proper risk management techniques and be prepared to adjust their positions quickly if the market conditions change.
BINANCE:FTMUSD.P
by PavlOK
USDCAD: Strong Buying ZoneThe USDCAD has successfully broken out of a triangle pattern and also breached a local resistance line at 1.375, but it faced strong rejection after the break. It seems that the price will undergo a correction towards the last support level at 1.375 or even down to 1.370, which I consider a strong and ideal buying zone for the price to continue its upward move towards 1.385. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Long
by Candlestick_OB