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Trianglebreak

GBPUSD bullish scenario (just an idea)One can count 5 waves in the ascending triangle which shows that we should be breaking out to the top of the ascending triangle. (Breakout to the other side, than the 5th wave has closed). We have already broken out of the triangle and are testing another resistance line at 1.1478 right now. If we can clearly get over that resistance the triangle breakout is probably not a fake out and we can aim for the height of the triangle entry. Still there is another resistance at 1.2285 that we have tested in the past.
Long
by Yannick_Viewer
2
EUR/USD -25/10/2022-• Symmetrical triangle formation • This pattern is usually a continuation pattern, which means the breakout occurs at the same direction of the preceding move, in this case a break down resulting in lower prices • Sometimes, triangles can be reversal patterns • Traders better wait for the breakout to confirm the direction and the validity of the move • Price target follows the measurement method, which projects the height of the triangle from the breakout point • The height of the triangle is 600 pips • If the breakout occurs to the downside, target would be around 0.90
by RamziAbouAbdallah-CMT
2
XRP analysis... short positionhello guys... as you can see in my cryptocurrency charts i believe this market is bearish so far and continue downward movement until forming a strong and powerful reversal setup in high time frame like weekly or monthly! this crypto currency (xrp or ripple) formed a ascending triangle and break bottom line strong and continue downward movement until reach to its target (i showed as green area) this green area is on MPL... always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
Short
by melikatrader94
8
Symmetrical triangle on Matic/Polygon On Matic has there been a symmetrical pattern formed which shows a 50/50 of the price breaking to the upside of the downside. This said does the price trend show that the price is more likely to break to the downside as the market trend is bearish. Entry price: In the apex at 0.65. Stop loss: At 0.67, which is inside the triangle so when the triangle breaks to the downside but after the break to the downside starts trending upwards and is stopped by the stop loss. Target price: Is extrapolated from the triangle height/the upper trend line and this target price set at 0.349. This is also 45% gain if the prediction is successful.
MShort
by vf_investment
ETHUSD - Triangle target front ran?Update on Ethereum from my last post. ETH, along with the market is showing bullish strength after yesterday's dump. My target below was lower than what we got, swiftly reclaiming the range eq of the descending channel. I'm fine getting front ran or my target not reaching - the idea was that we dump from the triangle, which we got. I was however looking for a long entry on this dump and might have got front ran here, time will tell unless this level doesn't hold. Putting in potentially a nice retest of the market structure break almost across the board (BTC,ETH,Alts). I need to see follow through soon on this move up if it's going to convince me of a rally, not yet 'bullified' personally. Stay frosty! V
COINBASE:ETHUSD
by cryptovatsik
2
USDJPY H1 Triangle Continuation TradeLooking for the USDJPY to trade higher, but waiting for a breakout of the recent APAC session. Price action is forming a triangle that is encouraging based on other higher time frame continuation patterns. Depending on which time frame analysis you generate a trading idea, I am a firm believer that you should manage the trade in the same time frame. Though if there is a chance of a higher time frame target being reached, after de-risking on the lower time frame, you could leave a runner.
Long
by Macrobriefing
1
📈✌Cardano Daily Long Position: Spot✌📉BINANCE:ADAUSDT COINBASE:ADAUSD 💥Triangle pattern💥 First, please take a look at my previous analysis and positions. between now and the red area, you can open a long position in two steps. If the price rises and reaches the risk-free level, you can risk-free the position. TP1-2-3 are on the chart. The optimum stop-loss is below the determined area. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Long
by CrazyS
3
TWTR: Most important key points to keep in mind!• It seems TWTR is inside an Ascending Triangle chart pattern, between the purple trend line which connects the previous bottoms since July 12, and the black line at $44.57 which worked as support/resistance multiple times in the past; • To whatever side TWTR breaks, it’ll probably do a strong movement in sequence; • By doing an upwards breakout, the target would be the next resistance at $51.19. By losing the trend line, the next support at $38.07 would be the next stop; • What could frustrate this pattern? Usually, triangles are frustrated when we see sideways breakout, as this ruins any future momentum. Therefore, it is important to see a reaction on TWTR as soon as possible. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NYSE:TWTR
by Nathan_The_Finance_Hydra
3
XLMUSD forming triangle pattern, growth after bullish breakoutXLMUSD price is forming a triangle like structure, if price manages to break above the triangle and if price holds above the structure, I expect the price to move higher towards next resistance. if price breaks below the support area the the setup will be invalidated Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
COINBASE:XLMUSDLong
by Stargazer_fx
3