Hello traders, this might be helpful for holding a position trade. This beautiful cup will offer a lot of profitable long positions :D At the moment I have nothing to had except for the pattern but if you'd like for me to go deeper leave a comment. Happy trades!
Hello traders, It seems like price has been compressing and it is possible for a strong bearish momentum to happen. the tipping point is at a major resistance trend line increasing the odds for this to occur. If it crosses the trend line then consider other options but looking at how price is moving I would say that is very unlikely. Any thoughts on this? Happy trades!
Just broke out for the continuation flag pattern, as well as a major support resistance level. I think all is looking good to go long. Happy trades!
Price has been consolidating and formed a small "Head & Shoulders" at resistance looking to go short and TP between 0.71600 and 0.71500. I am looking at this consolidation has a precursor to a major bearish move. KEEP CHECKING!
Currently a bullish pendant is forming! Price is at an important support resistance level. Keep an eye for entry. Happy trades!
Looking to go short here. Price action and indicators seem to confirm a bearish move. Volume also had a significant increase on the breakout confirming bearish bias. What are your thoughts? Happy trades!
EURCAD Seems to be in place it hasn't been in a long time. It recently broke through a Major support level (First time in years) but it is sitting on another major support resistance level. I am taking a bearish bias since all market seems to be bearish and technicals lead me to believe that. However I'm also having an open mind and waiting to see how it folds...
"Looking at breakout between the 5 and 8 Jan for trend continuation" ???? Why? OK. This might be pushing a bit on prediction but price has been consolidating in a perfect continuation triangle pattern and it is getting to a point where a breakout can happen. Will it happen? I don't know. Is it worth keeping an eye? I think so. Let me...
This chart analysis may not have any value for entries or trades for that matter. However I am curious to find if history will repeat itself. This analysis is purely based on historical price action. It seems that as far as this TradingView chart can go the price action has been repeating itself from the higher timeframes to the lowest. I am only publishing this...
Stop loss to be determined after price action gives a clue. I think it is possible to get a few pips out of this. What do you think?
Straight forward analysis looking good to go short. Divergences also happening. Does it look right to you? What am I missing? Any comments?
At the moment I am just finding this pattern interesting. This pair has been bullish for quite sometime and a reversal can come at anytime. It has been bouncing in a channel and the possibility of a double top (with this beautiful saucer shape)* can signal a bounce back to the bottom channel trendline. I'd say go short if see the divergence happening as well but...
I know nothing about this pattern or shape. haven't got to that skill level yet! But, it seems to fit well. What do you think? Anyway, I will be looking for long opportunities :) Please share your thoughts if you come across this ;)
How will this play out? looking back it seems patterns keep repeating. wondering if that is going to be the case here. Anyway, everything is looking bearish here so will look for short positions :)
Price has broken through support level and it is now consolidating in a bearish pattern . looking at TP between 1.54 and 1.53