BUY AND SELL ZONES Drew this set up for a friend that's looking in to FB.
🔸 4H CHART EXPLANATION: . 🔸 Price broke the Descending Trendline and made a strong upside move. . 🔸 Now, it is facing the Resistance Zone. . 🔸 We are waiting for a definition here. If price breaks to the upside, then the target would be the Descending Trendline, and, if price bounces, then the target zone is the Support Zone. . 🔸 Will look for a lower timeframe...
Not the best inverse head and shoulders I could've hoped for but still decent enough offering a good risk:reward opportunity. Currently forming the right shoulder so up to every trader's discretion whether they want to take this conservatively waiting for the slanted neckline break or at the end of the right shoulder formation. A vaccine probably coming sooner...
🚢 The Cruise line industry seems to be on the rebound in terms of business, and many stocks once beaten down by COVID seem to be on the up-and-up as well. Given that, it isn't surprising to see Carnival Cruise Line's stock breaking out of the COVID bear and into a bullish uptrend. Despite some concerns that it might be too early to book a ride on the bull...
looking for some price action as expecting a break to the upside
GBPJPY is at a significant point with a trendline and a level. It will be interesting to watch for a good short opportunity. LIKE and follow me for more ideas, Telegram group coming soon. Regards, Bileonaire.
Hypothetical scenario: (1) Entry @ 0.69575 (Buy LMT ) (2) Stop Loss @ 0.69325 | 25 points (3) Target @ 0.70025 | 45 points (4) R:R = 1:1.80 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
⛓️LINK is typically nonstop good news and bullish price action machine. This is in no small part to Chainlink's oracle technology being embraced by so much of the crypto ecosystem. With that said, LINKUSDT is up against some very real resistance here. Do the Link Marines have what it takes to take out the previous highs, or is this one battle that even the...
On EURGBP, the left shoulder and head has formed. Potential retrace to the previous resistance of the left shoulder, then reject following the left shoulder structure.
This current trend has been very similar to that of the previous head and shoulders pattern. As seen with the arrows on the left side of the shoulder, both trends acted and pullbacked in the same manner as shown. Therefore, we're expecting the price to reject and retest at the support, then break it, possibly forming rebounding off the support.
Potential triple top followed with a rejection, due to a formation of a head and shoulders pattern. the left shoulder seems to have taken shape, as well as the head (or first peak of the double top).
Expecting a retest at this following resistance zone. Potential head and shoulders at this zone, and rejection down to the first continuation.
I've had this setup for the past months and didn't touched anything, the entire setup was right all buy points sell points; supply demand areas... I truly believe what we see in EUR/USD is another possible reject of the blue trendline and expect buys. In case of sells (under blue line) and good rejects start looking for entries with all the support and resistance...
Left shoulder and head formed. Expecting the right shoulder to form in consequence. There is also strong resistance.
EURNZD H1 - Seen a bit of an hourly break, also a H4 break if we maintain lows below 400, or 350 would be even better. Possible retest before selling off again. Big hourly dump candle for London open.