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Continuationpatterns

$ITV - Continuation swing with +10% to +40% upsideTechnical Analysis Price bottomed out 3 weeks ago and the RSI + William %R Price broke out the daily channel last week and has been consolidating above the 1D 50EMA. There is a good zone to buy before a further push above 76 and potentially 90 Price Target Entry: 71-73 Target 1: 76 (+5%) Target 2: 88 (+20%) Analyst Targets: 101 (+40% Financial Metrics High quality as shown by the financial metrics. Undervalued with high upside/growth potential.
LSE:ITVLong
by subtlepapi
AUDJPY Correction and More Downside!Welcome back! Let me know your thoughts in the comments! **AUDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
1
NZDUSD, buyers building for a break higher? Hello to our subscribers and to the TradingView community. Welcome to Thursday’s update. Focus today is on the NZDUSD. Price failed to launch our consolidation after yesterday’s FOMC, but the pattern remains, and we continue to wonder if secondary momentum will see buyers confirm a breakout. Early this morning, the FED increased rates to 2.50%. The statement seemed to reassure buyers and set off a sharp risk rally that covered most markets and sent the USD lower. Powell said they didn’t see the economy in a recession, and action showed that the FED is committed to fighting the current inflation issue. The Fed also advised that a time will come when rates rise slowly to assess their impact. This could have been seen as a hint that an end to the cycle could be nearing. Regardless, we can’t take away from what happened this morning, and that was that risk markets liked what they heard and acted accordingly—strong upswings were seen across stock indexes, forex pairs, gold, oil and cryptocurrencies. The NZDUSD rallied after the FOMC but remained capped at 0.6260 resistance. Today we’re seeing buyers test that level with a move outside, starting to push at a breakout. Yesterday’s candle was a failed break lower and, after holding, reconfirmed the new uptrend line. We have also seen a break of two down trendlines. The OBV is also quite interesting at the moment. We haven’t seen a true breakout by price, but we are seeing a consolidation break on the OBV. Could this be a lead in volume increasing before price moves higher? We will continue to watch price to see if buyers can take the next step.
Long
by Eightcap
EURJPY Continuation TradeHi Traders, I am looking at a very simple setup on EURJPY today, We have basic price action creating lower lows and lower highs, Price has also rejected the current resistance level and I would like to see the continuation to the downside, I would 1st like to see the current h4 Candle close Bearish, Once this happens I would monitor the next h4 candle to see if price will continue the bearish push. Keep in mind that tomorrow we have the FOMC and this may affect how price moves tomorrow so be prepared for anything. My target would be around 139.0 On this pair and would expect even further push down. For now, let's see how price plays out. Renaldo Philander
Short
by Tradebudz
1
🐻XAUUSD SHORT(follow up)The previous setup on Gold that was shared has not played out as thought. There was no entry trigger which was a break below the support, but of course we didn't expect it to break right then and there, though it is taking longer than expected. We see the chance of a double bottom bullish continuation playing out, but there is still a bearish continuation that I have drawn up. There are 2 situations here and both marked up. if price breaks above the major resistance then my confidence in buys will be restored.
OANDA:XAUUSD
by WAR_ON_FOREX
XAU / USD 1948.13 - 0.83 % SHORT IDEA * CONTINUATION & PTTNSHEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, AN IDEA ON THE GOLD METAL THIS WEEK. * The metal has been Correcting for a couple of weeks now, seems we have entered some slowing down in momentum with the bears as we ranged in a Bear flag possibly signaling continuation. - Short term the METAL has currently Rallied with a down trend as WE broke below on the 4h chart. hitting ( LH , LL ), looking for a continuation of this trend with the bears. - Looking for SHORT entries on the METAL this week should all the rules of the formation be met, A break above of the marked structure and close CANCELS the trade should the bear flag / ascending channel come into play again could be just a delay to retest another resistance just above there. SCALLING DOWN lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
OANDA:XAUUSDShort
by PULEMokhothu
1
Three Rising Methods with Volume Confirmation: Short NZDCADFundamentals: Rising oil prices will contribute to strengthening the CAD, as it tends to fall in line with oil. What's more, Canada is experiencing economic growth overall. Technicals: The "Three Rising Methods" candle pattern on the daily chart comes with lower volume interest with each end of day daily sessions. On top of that, each session had wicks long enough to give extra weight to this selling pressure. The days before this rising candles the selling pressure was great with a wide spread bar. Conclusion : Sell NZDUSD
Short
by Rocketman
🙌EUR/USD NEUTRALEUR/USD has been very bearish for a long time. Price tested a supporting trendline on the weekly for the third time. I am now expecting deeper corrections but price broke out of the rising flag after third touches. There is a strong possibility for both of these to play out but most likely price will go up in the near future as EUR inflation rises. Interest rate hikes are expected so we could see the market go higher. The best setup could be the double bottom if it presents itself. OANDA:EURUSD
by WAR_ON_FOREX
🐂NZD/USD LONGNZD/USD had been in an uptrend on the daily chart. Price started to correct deeply and no that correction seems to have finished of with an inverse head and shoulders. To add to this, the Elliot wave sequence has completed for this correction and we can expect a reversal of it, hence a continuation to the upside. Price broke the neckline of the Inverse Head and Shoulders and now is giving us a bullish continuation pattern right below key resistance. This signifies a break out build up. We should expect price to break soon but it can come down and then later go up, I'm sticking to longs for now. We should long when price breaks the resistance and target the price marked in green OANDA:NZDUSD
Long
by WAR_ON_FOREX
🐂EUR/JPY LONGEUR/JPY Has been a ranging market for the most part. Price has been ranging since May 2021. this range turned to be a bullish flag, and price was in an uptrend in the weekly. This gives us strong reason to long this market. We recently broke out of the daily trendline and should look for continuations to the upside. I expect price to retrace and respect previous resistance and let it become support, this is where we should look to long with our targets market in green. OANDA:EURJPY
Long
by WAR_ON_FOREX