FLAG
RIOT - Bullish flag pattern on 4 hrBullish flag pattern on 4 hr chart. With BTC and ETH up 1 -2 % over the weekend, look for Crypto stocks to get a little pump on monday. Open interest for Aug 20 expiry - 3100 $35 Aug 20 calls, 4600 $40 calls. MARA MSTR BTBT are other bitcoin related names to watch.
✅GOLD: H&S OR BULLISH FLAG? LONG🚀
🏛GOLD is trading above a horizontal support level
In a way, that might be interpreted in two ways
Some see an awkward bullish flag
Some see a double headed Head And Shoulders pattern
That looks just as weird as the flag
I seem to be bullish biased on gold
However, lets wait for the bullish breakout
To get the confirmation!
CAREFUL LONG🚀
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✅NZD_CHF BEARISH BIAS|SHORT🔥
🏛NZD_CHF is trading in a falling channel
That is also a bullish flag pattern
But until we see a breakout to the upside
I will remain bearish on the pair
And the nearest target I see is the key support level
That is about 3% below the current price
SHORT🔥
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AUDUSD: Short IdeaHello, Traders!
I expect a short term continuation of this downtrend. If we take the current movement to the downside into account we can see that it's pretty weak and that a flag consolidation is being formed. On the daily time frame the 200 MA indicator might act as a support. It is better to watch this pair closely as it could soon move up again.
What do you guys think? I'd be happy to know your thoughts about it.