Hi Guys, BTC is forming Reversal Head and Shoulders and Trader Vic's 2B Pattern at same time. Both patterns are being formed and waiting clear break out bar above neckline and also line called #3. Trade: Wait for clear breakout above neckline and line #3 both. Target: Distance between apex of H&S and neckline for H&S or swing high before pattern for Vic's 2B...
Hi Guys, BTC is making possible Adam-Eve pattern. 1. Trade: Wait for clear breakout above neckline and after it is confirmed BUY. 2. Target: The target can be set at the previous swing high of the first swing in the "double bottom. 3. Stop: Protect trades using the pattern low for "long" trades. Good Luck!!!
Hi Guys, It has resently made breakout on rising Triangle Pattern and tends to be be bullish. Wait for Retest for Sure for BUY. Good LUCK!!!
Hi Mates, XRPUSD is forming Reversal Head & Shoulders pattern. Trade: Wait for clear breakout on the slanted neckline and trade when it is price closes above neckline. Target: Vertical distance between the "apex" of the "Head and Shoulders" pattern and the neckline. Stop: After a trade entry, if the price closes below the neckline, a potential failure of the...
Hi Guys, For NZDUSD, Symmetric Triangle has recently made Clear breakout. Trade: Wait for Retest on Support level to BUY. Target: Most "Symmetric triangles" result in 100% of the depth rise of the entire triangle range in the direction of the breakout. Partial trade exit targets are set at 50% of the depth from the trade entry. Stop: Stop below the first major...
Hi Mates, There is bearish flag pattern is formed after 2 months bullish channel. Trade: Wait for clear Break down below lower trend line of bearish flag. Target: Target is set down to the same length as the previous swing high of pattern. Stop: Protect trade above the higher high candle of the flag. Good Luck!!!
Hi Guys, EVE-ADAM pattern which is variation of double bottoms, is formed here. Trade: Trades are entered in the direction of the breakout of the middle spike between "Eve and Adam" structure. Target: The targets can be set at the previous swing high of the first swing in the "double bottom." Subsequent targets would be set at the next higher swing...
Hi Guys, Trade: Enter a "long" trade above the high of the breakout bar at neckline level. Target: Target is set at the pattern high for W-Pattern Stop: Trade is protected with a stop loss below the last swing low. Good Luck!!!
Hi Mates, 1. A trend line "breakout" 2. A "test" and "failure" of the previous "low" after the trend line breakout. 3. It is testing previous swing high and maybe breaking out it soon. Target: The target is placed at the "swing high" prior to the "new low" in 1-2-3 "bullish setup." Stop: below the "swing low' in a 1-2-3 "bullish setup" for long trades. Good Luck!!!
Hi Guys, Rectangle Channel is being formed for OIL/USD. "Rectangle Channels" are continuation patterns. Rectangle channel breakouts in the trend direction are more reliable than breakdowns against the trend. There is a Strong 5 months Support is helping upcoming trend. Target: The width of the "Rectangle" channel usually defines the resulting target move. The...
Hi Guys, Here is the Falling Wedge pattern is being formed, currently it is checking 4 month very Strong Support and bouncing back. Wait for the clear break out above upper trend of the falling wedge pattern. Place a target at the higher "swing high" level of the "wedge" pattern. A secondary target is set at the depth of the wedge pattern from the breakout...
Diamond pattern is being formed and possible coming break down movement will be made.
Falling Wedge is been formed. Possible uptrend is coming
Three Hills and a Mountain Pattern is formed. 1. Each hill retraces to a minimum of 0.5 to 0.61 8 (Fibonacci ratio) of its height before expanding into the next hill. 2. Trend line is drawn in the chart below connecting the bottoms of the "Three Hills." 3. After completion of 62% of the prior range, it has another important reversal to the upside, the "Mountain"...
Hi Guys, ADA creates 3 Hills and Mountain chart Pattern. It will test 0.618 price of 3 hills range and goes up to same range of 3 hills.