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Trianglepattren

USD/JPY ⬆️ Long Trade Setup ⬆️Hello Everyone 🙋🏽‍♂️ Triangle pattern + RSI Signal 💲 Entry Point : 143.571 🟢 TP 151.922 🔴 SL 139.473 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by EMA_Trading
6
Sell USDCAD - H1 Ascending TriangleUSD/CAD H1: Ascending Triangle Hints at Potential Downturn, Shorting Opportunity Emerges! The USD/CAD pair on the H1 timeframe presents a potential selling opportunity due to the presence of a well-defined ascending triangle pattern. While ascending triangles can be continuation patterns, a breakdown from this pattern, especially on higher timeframes like H1, suggests a higher likelihood of a trend reversal towards the downside. Key Points: Sell Entry: Consider entering a short position below (ideally around 1.3600). This offers an entry point close to the perceived shift in momentum. Target Levels: The initial bearish target lies at 1.3460. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line (rising trendline) of the triangle, ideally around 1.3630. Thank you.
Short
by KABHI_TA_TRADING
9
Buy EURUSD News BasedThe EUR/USD pair on the M30 timeframe presents a potentially ambiguous situation with an expanding triangle pattern. While this pattern can signal a breakout in either direction, some caution is advised before entering a long (buy) position. Potential Long Trade : Entry around: 1.0823 (current price) Target Levels: 1.0880: This represents the upper trendline of the triangle, which could act as the initial upside target upon a confirmed breakout. 1.0900: This is a further extension of the upside target, based on the recent price movement. Stop-Loss: Place a stop-loss order below the lower trendline of the triangle, ideally around 1.0807. This helps limit potential losses if the price breaks down from the triangle pattern. Thank you.
Long
by KABHI_TA_TRADING
2
Silver Testing 4H Channel Resistance; Bullish If BrokenSilver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, its a very big triangle in progress, with final wave E in play, which can be in late stages now, so ideally prices will stabilize in weeks ahead. We can already see that the price on 4h time frame is turning up from projected 21.50-22.00 area, which is the first potential but strong support area for wave E. So if we are correct then metal can turn higher, but for confirmed bullish reversal we need an impulse out of a downward channel and through 23.50 lv.
SAXO:XAGUSDLong
by ew-forecast
Tesla - Go Long NowHello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: After the massive triangle breakout in 2020 and a rally of +1.500%, Tesla has been moving sideways for over two years now. Tesla stock is currently creating a triangle formation as well as a flag pattern. I am personally waiting for a clearer setup on Tesla before I will take longs - either a triangle breakout or a retest of the lower support of the flag mentioned in the analysis. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:TSLA
by basictradingtv
23
Watching to see if we break the up side of a long term triangleNASDAQ:EA The daily chart shows a pennant forming, which has been broken by closing above the top of the pennant @ $140. In the weekly view (shown here), there's a triangle pattern. Top of the triangle is ~$151 and was established in 2018 and tested in 2021. If the top of the triangle is tested and broken (closing above $151 for the week), then this has a lot of upside. If $151 is tested and rejected, then we're heading back down to test the lower edge of the triangle. Good Luck!
NASDAQ:EALong
by dzygadlo
Buy XAUUSD Triangle PatternThe XAU/USD pair on the M30 timeframe displays a potential buying opportunity due to a recent a symmetrical triangle pattern. Key Points: The price has been trading within a symmetrical triangle formation characterized by converging support and resistance lines. This often indicates indecision before a decisive move. Buy Entry: Consider entering a long position around the current price of 2034, offering an entry point close to the breakout level. Target Levels: Initial bullish targets lie at the resistance levels of 2052 and 2064, marking previous resistance zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken triangle at 2026. This helps limit potential losses if the price reverses and breaks back down. Thank you
OANDA:XAUUSDLong
by KABHI_TA_TRADING
15
EURUSD Daily Chart Triangle AnalysisLooking at the daily chart EURUSD continues its correction of the Jan 2021 to October 2022 bear market, moving sideways in a triangle pattern. Mid July 2023 saw a test of resistance from the 61.8% Fibonacci retracement level on the bear market which held and we saw a strong move lower to the now confirmed trendline drawn from the September 2022 low. Current price action looks again set to test this trendline for support. This area falls in-between the 50% and 61.8% Fibonacci retracement levels from the move down from the 17th of July high. Looking to place a potential long trade pending a test of the trendline holding. I would then be looking for a move higher to test the upper trendline drawn from the July high. Stop would be placed just below the 61.8% Retracement level and S1 support line. Should we breach S1 support level, I would then be looking to the downside for further trade opportunities. This would indicate a triangle breakout and we could potentially see a move back to the September 2022 low at S3.
Long
by Trend_Analyst
1
Sell GBPAUD Triangle BreakoutThe GBP/AUD pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downward breakout from a triangular consolidation pattern could offer a shorting opportunity. Key Points: Triangle Breakout: The price has been confined within a triangle formation, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break below the lower support line at 1.9265 suggests a shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price near 1.9265, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 1.9114 and 1.9027, marking previous support zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order above the resistance 1.9400 Fundamental Updates : Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): While the BoE is expected to raise rates again, the focus will be on the size (25bps or 50bps) and future policy guidance. Dovish pronouncements could weaken the GBP and support AUD selling against it. Risk-Off Sentiment: A general deterioration in global market sentiment could drive investors towards the safe-haven AUD and put downward pressure on GBP/AUD. Thank you.
Short
by KABHI_TA_TRADING
3
TRIANGLE CORRECTION : ELLIOTT WAVE ANALYSIS TRIANGLE CORRECTION : ELLIOTT WAVE ANALYSIS A triangle is a sideways movement that is associated with decreasing volume and volatility. Guidelines Triangles have 5 sides, Corrective structure labelled as ABCDE Location : a- Usually happens in wave B or wave 4 b- Wave D in triangle itself c- If in second then 2 will be zigzag and this will happen in B of zigzag d- X wave of Double Three correction and XX wave of Tripple Three e- XX wave of Double Zigzag correction f- Wave D in triangle itself Subdivided into three (3-3-3-3-3) Subdivision of ABCDE can be either ABC, wxy, or flat
NSE:MGL
by Elliottbaba