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Continuationpatterns

USDTRY 8.2554 - 2.61% SHORT IDEA* CONTINUATION PATTENS HELLO EVERYONE Here's an idea on the DOLLAR/ TURKISH LIRA which opened with a gap and an aggressive fall with the bears looking for some correction of this move but we'll definitely see continuation to the downside, now the structure aligning with our fib levels is the resistance level 7.96612 which will be our aggressive target going down with the bears for long term updates lets wait for now and see what price tells us. HEY EVERYONE Here's a look at the EURO / DOLLAR pair heading into a new week the pair is currently trading in a bull frag which it can break in any direction but looking at the momentum push with the bulls looking for continuation of this move as it would be premature to go against the trend seeing no signs of slowing down on the pair so on higher time-frames we just have an overview of direction and what is the bigger picture in the markets. for entries we scale down to smaller time-frames to determine entries and so forth. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES here's some of my rules if they help. 1. look at structure be it descending channels, pennants and so forth. 2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation. 3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term. 4. aggressive trades can be executed on the pull back 5. price action must definitely align with the plan.' 6. structure definitely 7. the 20 EMA must be respected as support / see a bounce at this structure 8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan. RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
8
Potential Ascending Triangle on the S&P 500Potential Ascending Triangle on the 15m. Nice bullish continuation pattern following a nice bottoming pattern. Trendlines: The horizontal line is the resistance area while the ascending line (line trending up) offers support. EMA Ribbon: The ema confirms what we are observing regarding the trend & likewise visualizes the bottoming pattern following the bullish continuation pattern. Inverted H&S pattern – Quick bottoming pattern displaying left shoulder, head, and right shoulder
OANDA:SPX500USDLong
by ZenMode
Teradyne - Cup & Handle + Measured MoveTeradyne made a cup & handle, which continues to see strength. Cup & Handle -- Measured Move Making a measured move from the floor of the cup, to the resistance which was all time highs, we get a 18 points (12% aprox.) potential move. Trade Would follow the 5sma (green line) to take profits for 50% of my position, the other 50% if it takes the Resistance 1 level. There are also other semiconductors making ATH, which is adding to the strength in the industry overall.
NASDAQ:TERLong
by dorfmanmaster
NZDCAD UPTREND CONTINUATION IN VIEWEven though price is at resistance of triangle and a sell may be the most logical option, in the grander scheme of things, this symmetrical triangle suggests a continuation of the preceding uptrend. A breakout above this triangle would then be the cue to go for long positions. However, pending a breakout, still consider a selling position for the short term. Selling at this resistance area after further confirmations provides a better and safer place to enter but keep the possible triangle break at the back of your mind. Cheers!
by Chinedumnweke
GBPUSD 1.29188 + 0.39 STRUCTURE & PRICE ACTION IDEAHELLO EVERYONE Here's an idea on the DOLLAR/POUND that broke out of the descending channel structure pushed up with the bulls then came down to retest structure and is currently trading in a nice recovery candle with the bull. looking at what price will do or rather will it break previous previous swing high and push up has will be watching price in my trigger area and a break above the 50 M.A would be one of those nice confirmations that trend momentum is shifting with the bulls. hope this idea assists in a way with your trading of the DOLLAR / POUND. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
3
US100 11481.5 + 1.91 % LONG INTRA-DAY IDEA * PRCE ACTION & STRUCHEY EVERYONE Here an idea on the US100 intra-day trade from an hour perspective. most details are on the chart so i hope this assests in anyway with your trading. The trading plan changes completelty should the ascending triangle structure hold, follow the price. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - INTRA-DAY TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
ULong
by PULEMokhothu
DXY 93.81 + 0.09 % LONG IDEA * PRICE ACTION, BREAKOUT & CNT PTNSHELLO EVERYONE Here's an idea on the DOLLAR INDEX that has seen seen some bullish moves in the last couples of weeks after a bearish trend since march. the INDEX broke the 50 M.A and is currently trading above this level. most of the details are in the chart so hope this idea assists in anyway on your trading of the index. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:DXYLong
by PULEMokhothu
2
USOIL 37.01 - 4.02% * SHORT IDEA CONTINUATION PTTNS & STRUCTR GOOD DAY EVERYONE Here's an idea on the USOIL which closed at 37.01 looking at the monthly chart the oil just broke the 61.8 % fib testing resistance level 43. 27 where it was rejected and pushed down with the bears by almost 5% , currently trading at a significant level waiting to see a break of this level to see continuation with the bears targeting support level 35.24. fundamentally this move is highly possible and from higher time-frames the sentiment is fairly bearish so waiting for price to indicate and will be looking for entries on lower time-frames. hope this idea assists in any way on your trades on oil. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:USOILShort
by PULEMokhothu
USDJPY 105.559 + 0.01 % * STRUCTURE & MULTI TM IDEA CONT PTTNS HELLO EVERYONE Here's an idea on the DOLLAR/YEN with a summary from higher Time frames. - From the monthly the pair is still respecting and range-bound in a descending triangle structure where it was just rejected at the base of structure at 200 MA Which has been ating as support on the monthly time-frames for some months now. looking for a continuation of this move with the bulls from the monthly perspective. - On the weekly and the daily TIME-FRAMES the sentiment is more or less the same, we saw a rally with the bulls building some bullish momentum and trading just below the 61.8 % Fibonacci level so looking for a continuation of this move with the bulls so the sentiment is the same looking for bullish opportunities on the pair. - on the 4H and lower time frames looking for confirmations and entry opportunities on of the confirmations from the 4H can be a break and retest of the 200 MA amongst others. lets see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP1 - 105.955 TP2 - 106.307 TP3 - 106.671 SL * 105.951 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
GBPUSD 1.28504 + 0.86% * STRUCTURE & CONTINUATION PTTNSHEY EVERYONE Here's an idea on the POUND/DOLLAR with a bit of fundamental perspective - The pair is currently trading in a descending channel which just saw a rejection at the roof of this structure the pound has been loosing momentum due to some fundamental factors like; * The dominating fears of the rising virus cases. * BREXIT - BREXIT deal remains more likely than in the coming week, but they have warned of the risk of no-deal has increased. - BREXIT is slowly re-emerging as a key driver for THE POUND. POUND/DOLLAR has a good support between 1.2691 - 1.2726 at fib level 0.618 which is FEB low 100 MA & 200 MA supports we may find some resistance at 1.2993 & 1.3200. lets see how it goes HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP1 - 1.27385 TP2 - 1.26206 SL* 1.29542 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
2
USDCHF 0.92490 - 0.41% * SWING CONTINUATION PATTERNS HELLO TRADERS Here's a look at the DOLLAR/SWISS which dropped again towards the 0.9250 area again a continuation of this move is highly possible from a technical perspective which would be a great opportunity for more aggressive traders to capitalize on this from lower time-frames but i just wanna target this from a swing perspective looking for longs with the bulls after this pull back. The momentum on the pull back is pretty strong so looking for the pair to find support at the 0.92042 - 0.91814 area before we can see or look for entries with the bulls. FOR NOW the pair is fairly bearish as US DOLLAR pulls back today across the board after last weeks rally - swiss franc saw some recoveries during the US SESSION. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
AUDUSD 0.70633 + 0.56 % MOMENTUM CONTINUATION IDEA HEY EVERYONE Here's a look at the AUD/USD pair which just retreated to 0.7050 are clinging to some daily gains. * AUD/USD lost its momentum after the climb, US DOLLAR INDEX is staging a technical rebound during the US session and the WALL STREET main indexes register some strong gains today from the fundamental perspective. * The pair is currently trading in BEARISH FLAG which could signal continuation with the bears and the pair just saw a rejection at the roof of this structure looking for a move with the bears on this one. LET'S SEE HOW IT GOES... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
Bullish Divergence(H4) + Continuation Patter(W) - 1-5% TargetI'm bullish for reasons: 1. Continuation Pattern in Weekly -- HL Price, LL RSI 2. RSI above 50 on Weekly and holds as support 3. Price bounced 0.382 RED Fib 4. Doji in 4H with BullDiv Buy: @ RED Fib Levels TP: @ BLUE Fib Level and YELLOW (in case it forms H&S) SL: Below 0.618 RED Fib Disclaimer: I am not qualified to offer investment, legal, or any other advice nor am I trying to do so. All my posts are my own opinion and any decisions, investments, or risks you take as a result of following my posts are your own responsibility. I cannot be held responsible for any decisions you make as a result of following my posts.
Long
by BisayaTrading
EURUSD 1.17143 - 0.48 % * DESCENDING CHANNEL STRUCTURE LONGTRAD Hello Everyone A look at the EURUSD pair from the 4H chart which dropped to 2-DAY lows yesterday at around 1.1750. The pair slowly loosing it grip further as we touched the base of the descending channel structure. ECB remains attentive to the euro appreciation. FED'S J. POWELL will testify on Tuesday, wed & thurs. looking for structure to hold on the pair hence looking for reversal patterns with the bulls to the roof of structure. let's see how it goes. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
USOIL 43.23 - 0.3% LONG IDEA * TREND & STRUCTURE CONTINUATION Hello Every-one Here's an idea on the USOIL which broke above the ascending channel structure currently rallying to retest the descending triangle structure which could possibly be signalling continuation with the bulls so targeting continuation of this move with the bulls on oil. let's see how it goes HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 43.62 TP 2 - 44.25 SL - 42.83 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:USOILLong
by PULEMokhothu
4
USDZAR 16.87410 + 0.03 % SHORT IDEA * TREND CONTINUATION IDEA Hey everyone Here's an idea on the DOLLAR / ZAR The pair has been in a down trend looking for continuation of this moves in the coming week unless the markets starts indicating otherwise but till then on the 4H chart the pair is currently trading in a symmetrical triangle/pennant which could possibly indicating continuation with the bears lets see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu