bearish flag formation lets see if it plays out in our favor
The market is current at support. It is about to complete the third touch of descending pattern to go for its third touch the market will move up.
Buy: GBP / CAD SL @ 1.65290 TP @ 1.66810 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone It is not an investment recommendation
Here we have US Oil creating a bearish Bat pattern. Its a Really nice pattern to consider. a good entry point would be the 127 XA Projection. I say that becasue there are a weeks worth Piviot Points lined up at that price point.
Esperamos para entrar en short / ventas en GBPCAD Tenemos dos patrones convergiendo en la misma zona de ventas Nuestra entrada recomendada es en el OB y 0.88 Entrada en 1.31250 colocar SL en 1.3403 Take progit en 1.25805 Veremos como nos trata el mercado. Saludos y que tengan excelentes trades!
Blue Zone : Sell Zone Green Zone : Take Profits Grey Line : Best Entries Red Line : StopLoss Area
Short NZDUSD in Butterfly and ABCD pattern
I am somewhat iffy about this trade as the zone where point D could be is HUGGEEEE. I probably won't be trading a lot of butterfly patterns because of this.
Hello Traders, We have a potential Gartley pattern forming on this pair completing at 1.606. Price has currently been moving sideways on the daily time frame. Looking at the weekly time frame, in the near future I am expecting a break of this sideways movement and a continuation downwards. We also have a few other confluence factors: 1. Minor resistance 2....
The news about 888 buyout (and later the news about the proposal failure) made the stock spike above the weekly 61.8 Fib level, which was also a major structure resistance zone. Currently 888 still finds support on a small weekly structure zone (140-150), but judging by the daily price action, we could see the price breaking this support zone in the near future....