if nasdaq breaks the descending channel we scalp to the upside. SHORT TERM TRADE
GBPUSD IS CREATING A HEAD ND SHOULDER ON BIGGER TIMEFRAMES
lets look out for a buy till the daily timeframe trendline above.
hey guys, last one for the night. here we have Nasdaq, with all that has been happening in the USA i have noticed that noticed that nasdaq misbehaves alot lately therefore i have drawn up 2 biases for you. 2 possible outcomes for nasdaq this week. goodluck ;)
now we wait for the pair to reveal its trend to us. once it breaks the pennant we sell of course, but also once it breaks the resistance we stick with the trend. Your views?
traders, as of the chart; here we see price has failed to break the below support and price has also formed a bullish flag. As evidence for a bullish move, first wait for break-out + retest then enter. Goodluck ;)
here we see a rising wedge in game, also we see a bearish engulfing candle. the price is currently at a resistance zone, thus enter according to your trading edge, some prefer waiting for the break-out, for traders that are like me we milk it from beginning till Tp right? Goodluck everyone ;)
based on price action, this pair shows significant signs of a sell. A rising wedge in game,the pair has also created a double-top thus we wait for a breakout and retest then we enter. Goodluck everyone ;)
Broke out of trendline support, looking for a retest then a short trade after
We have a rising wedge formation at a significant price level, right on top of our trend line resistance level.
As seen on the chart, the currency pair has created a lot of bearish peanants and flags in its nature. It broke the support and currently in its corrective phase( bearish pattern) let's see what unfolds....