5 hearts, is not enough? Y will update my play here, because this is huge now, like 50% exiting the bullish flag.
FLAG
AUDNZDHi;
AUDNZD
In the daily time frame, the movement is quite clear. Selling pressure can also be detected in lower time frames, and according to the rapid downward wave that has been created recently, the probability of exiting this correction, which is similar to the flag pattern, will be very high.
EURGBPWe have a parallel channel in the 4-hour time frame and a flag pattern in the lower time frame, which is currently strongly broken and the flag pattern will be broken soon.
Having said that, we will wait for the euro to gain strength against the pound.
Potential bear flag on NZD/USDThe combination of hawkish Fed speak and firmer inflation has seen the US dollar strengthen overnight. But we're interested in shorting the Kiwi dollar against it, given yesterday's lower forecasts for 2 and 3-year inflation forecasts by RBNZ. It should be noted that RBNZ hold their monetary policy meeting on Wednesday February the 22nd, and there has been call for a 50 or 75bp hike.
But that doesn't mean it can't dip lower ahead of the meeting, even if they do go for another aggressive hike - especially if Fed members continue to read from the same hawkish script.
NZD/USD has spent nearly 7 days within a sideways channel / consolidation, after an aggressive bearish reversal from its YTD high. A double top has formed around 0.6400 to suggest demand resides in the area, so the bias is now for a bear-flag breakout in line with the momentum which took it into consolidation.
- Bears can either seek a break of the cycle low, or the channel around 0.6294 to assume bearish continuation.
- The lows around 0.6200 make a likely target for bears and risks a corrective bounce
- The eventual target projected form the bearish flag is around 0.6120
2 of 3 targetsToday we reached 2 of my 3 targets, lets see how china affects the OIL demand and other products from the refineries.
Gold - Too good to be true?Hey fellows!!!
Gold is still pushing down,
On the lower TF we gat what looks like to be a couple of bearish flags breakouts going on.
After gold has been trading in a tight ascending range all week, it finally broke the flag down yeasterday following US news,
And today, it came back to retest the 1870 level and again, US news kicked in!
So here are we now, breaking another flag, to, maybe, go get the 1830ish + level where gold could find some support, so that would be a great target,
Reasons that make me think of a fall until the Target Area:
1) Gold getting a lot of selling pressure
2) It broke a bearish flag yesterday, and retested it today
3) It's breaking another flag right now
4) It retested 1870 with an ugly "not in the textbooks" inside bar on H2, nice
wicks on H4, several engulfings on H1
5) 1870 was also the 50% fib retracement of the last impulse down move
6) the break of the mother bar in H2 is a signal for a sell, like were the past two H4 candles as well,
Ok well again we will see what the market decides to do but hey gold, that a lots of facts that go in favor of a meltdown! Even just temporary, there's only one thing, the 1850 level is on the way. Price bounced on it once, so, it's gat to make it trought otherwise we might see another restet of 1870.
But then after that, ther'es virtually no resistance all the way to the Target Area, knowing that there's an imbalance if you look left on gibber TF
The whole thing about it is, is it too good to be true or, is it like sometimes it's just like in the textbooks?
Market will tell :)
Thanks for reading
Cheers and happy trading!!!
LTC Coiling up for a move. Waiting to break the levelWait for level breaks and retest.
Just for education...
XAUUSD Like everybody knows Gold has been on the fall lately, responding to dollar strengh
A bearish flag is forming on the lower timeframes, we can spot it with the H2 candlesticks, and it's very well detailled on M15-M30.
I've put two alerts, one on the green trendline, another on the red,
If price breaks higher, then I'll look for entries around the 1900 level after the retracement is done, a bearish pin bar, a bearish engulfing, or an inside bar in the zone
If price breaks lower, then i'll look for a break that involves a M15-M30 closed candle on the other side of the red trendine, and place the stop loss above the structure
Cheers and trade safe!!!
DXY - 4 HOUR - HIGH & TIGHT FLAG PATTERN BREAKOUTThe DXY has recently been trading in a tight range & has created what is one of the BEST technical setups in the market - the High & Tight Flag Pattern. In this video i'll explain what that pattern is along with 3 ways to potentially trade it.
If you enjoyed the video please do me a favor & hit that like button, also please leave any questions, comments or views below as I do go through & read every one.
Wishing you a great rest of your trading week & until next time
PLAN YOU TRADE, TRADE YOUR PLAN - Akil
GOLD: bearish pattern created Hey guys, last week I was bullish on gold, but after the recent PA I changed my bias to short.
-First, the price formed the so-called "Bearish Flag" formation, this is a pattern that is a trend continuation and the TP is the duplication from the initial leg.
-Second, looking at the DXY I am more for a strong dollar for the near future judging by the recent candles and the strength of the momentum.
I won't be rushing to enter a position because gold and DXY are at a very indecisive point right now, so I will wait for a good correction that will at least give me a good RR
LTC/USDT - Bearish move expcted!i am expecting large bearish move in ltc from 95$
target will be 90$ - 88$ - 82$
sl at 97.6 almost 2% stoploss and 13% target
GBPJPY FLAG BREAOUTThe price of GBPJPY has a breakout below the flag, and also has the potential for a bullish butterfly pattern.
This is a good trade opportunity to take.
Trade with care.
I will update at here if the trade opportunity is given.
Do follow and boost if you found this idea helps.
Gold - Massive flag on the makingGold is drawing a massive Flag, that could see it go all the way to 1500. After it went to 2050 and gat rejected two times in the recent years, the D point retraced to 1950, the 78.6% fib level, which isn't uncommun for gold as it likes to retrace deep. The 1500 level drawn on the chart is also the 50-61.8% Fib level of the uptrend that made up the flagpole. Looks like in the textbooks init? what you guys think??
✅EUR_USD WILL GO DOWN|SHORT🔥
✅EUR_USD broke out of the
Bearish flag pattern so we
Are bearish biased and
I think we will see
A further move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
EURNZDEURNZD - A break to either direction
Pennant/ Inverse Cup & Handle / Bear flag - Whatever is on your trade plan...
It's a break above Highs of: 1.70115 It would take you towards 1.70725
A break below the lows of: 1.69170 it would take you towards 1.68560
Ideally wait for the break for further confluence. However, be sure to stick to your own trade plan.
Trade Journal
✅GOLD WAIT FOR BREAKOUT|SHORT🔥
✅GOLD is going down now
And the pair has formed
A bearish flag pattern
Which makes me bearish biased
And after the breakout
I believe we will see bearish continuation
SHORT🔥
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VRA making Bull flag?hey hey
rebuilding VRA while still in a bull flag.
new entry: 0.0058, 0.0061, 0.0063, 0.0067
TP=?
SL= 5x no SL, liq. 7% on 10x
lets see!
de
Bearish FlagCAdJPY is retesting its resistance wait for the perfect entry with proper risk and money management
Bull flag Bull flag of GBPAUD has broke out and retesting we can enter in long position according to risk management and Money management
AVAX FLAG!KUCOIN:AVAXUSDT
AVAX has broken the falling wedge and sitting in a Flag with potential targets to 72%
Possible entry on retest of "Breakout" and "Possible Pullback" levels.
As usual, Bitcoin drags the altcoins around.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
gbpchf short trade after price has closed impulsively outsideshort positions activated after price has closed outside the flag
