BTC Descending Wedge - Long ~ 2550 & 2650Descending Wedge & RSI on the hourly...Long between 2550 & 2650
If it breaks the pitchfork/trend without a strong recovery....then we are heading down to ~2300
..Thoughts?
Descending
Descending trendline in USD/CZK (Daily chart) We can see a descending trendline. Since June 15, 2016 price is stabilizing in a sideway zone.
USDCHF Short: Descending TriangleHey traders, here's a breakout pattern on dollar swiss cross. Short is active with 1:1 B/E level and target at .786 fib.
USDCAD LONG IDEAPrice broke trendline and is in retest area
Upward movement is what I'm expecting
(small trendline is drawn on 4H which makes a descending triangle with both lines)
Long Position CableBreakout will occur, go long with candle close above trend line on the hourly chart. Target is to fib level 1.3100. Risk Reward 1.14.
Oil - Higher Weekly Low support chart #4NOTE: this analysis is for the CLH7 (March) oil contract. Also, the path is hypothetical, targets/support/resistance are what matters. I believe that the 12/2 buying climax will hold as resistance.
1. Prices have been rejected at the daily BB midline
and are below the daily 9 MA
2. TL of last two daily swing lows and the last daily
selling climax are at approximately 51.66 level.
4. Daily bars showing declining peaks and troughs, indicating
a potential reversal
5. I have found that .618 run ups are common in descending
wedges; 1/12 high was approximately a 618 run up off
of the 1/6 high
6. I am looking for a drop and potential bounce at the previous
selling climax, 51.66 and .618 bounce to 53.2 level followed
by breakdown of 51.66 and the overall distribution range;
It is common in a keltner channel to see rejection at the
midline prior to a break below, this would be in line with
this hypothetical scenario; first target after breakdown = 50.00
Good trading all!
3 Descending Peaks Price is forming three descending peaks.
You may choose to go first Long and than Short
AB=CD Pattern and MACD Divergence on 4H chart.if i think correctly we have AB=CD pattern and Divergence on MACD and if price break trend line we have Descending Triangle.
NZD/CAD broken descending triangle Hello, wanted to share my view about this pair, lots of confluence suggesting bearish direction.
Wish you all good luck and profitable trading, cheers!
Eur/Usd Descending ChannelCurrently short on touch from top of descending channel, SL set at previous structure high, TP 1 at previous lows and TP 2 at latest channel lows. trailing stops if price hits TP 1
USOIL - Descending Broadening Wedge PatternFOR ME is the new pattern in USOIL after the strong droping today.
Be alert and prepare you for long trade. :)
NZDJPY Sell setup in the corrective Descending Bearish Channel Break up will invalidate idea. Moving amazingly as i was speculating it long ago please look at my NZDJPY Ideas.
EURCHF Bearish Butterfly Pattern OR Descending TriangleI expect the price to continue its uptrend for a day or two until it reaches the .382 retracement level, at which point it can then go either way
- The price will break above the .382 retracement level in which case I'll go long expecting a take profit around the top of my Fibonacci retracement.
or
- The price will bounce of the .382 retracement level in which case I'll go short if it break below the .500 retracement level expecting a take profit around my support area
EURNZD - found base, new up legEURNZD end of considation within descending channel (bull flag), starting new impulsive up leg with HH HL.
USDJPY Longterm Short Possible.For this trade I'll be using price action with fibonnaci levels to find entry and exit points. I already entered the trade with low volume.
I am expecting this trade to be open for 30-60 days based on most recent price movement. Feel free to like, comment, or share you trade ideas here.
The red line is the sort of movement I am expecting.
CADJPY break of trend line sell ideaWe recently broke the trend line of the rising wedge to the downside. The wedge formed the retracement back into previous structure and found resistance at the upper line of the descending channel. We could see a continuation of the downtrend here. I'm already short. My stops are above the previous highs @81.90's. Potential profits will be taken at the previous low's @79.55's.
Good luck!
EURJPY : Upward Breakout Descending Triangle?Hey guys! A couple weeks ago I posted about a Descending Triangle on EURJPY that seems to be near completion soon!
But I seem to find signals that it will be an upward breakout instead!
-Stochastics have shown a bullish divergence
-Weekly chart Fib Retracements has shown that this Descending Triangle is resting on the 50.0 Fib Level
Seems like it could be a really good buy signal! I love divergences, they are always so strong!
If it breaks upward, I'm gonna trade it!
If it breaks downward, I won't touch it!
Weekly Chart 50.0 Fib Level:
Any thoughts and comments on this? Share it here! :)
Brakeout, Triangles, DescendingI don't think that some comment is necessary. Market is very unstable. FOMC was desapoint traders.
EURJPY: Descending Triangle ContinuationHey guys! Found a descending triangle continuation pattern on the EURJPY! Always remember to wait for the close BELOW the Descending Triangle before trading! :)
Good luck guys!
Oh, and I would really appreciate if you guys could give me a follow! Do share your thoughts with me! It will be a great learning opportunity for me to improve in my analysis skills!
