AUDUSD Hourly Bullish Triangle Breakout LoomingAUDUSD is sitting on 0.6170 which is below the resistance at 0.6191. The 1-hour chart is giving us the bullish triangle poised for a breakout.
The levels we must keep in mind are the following: 0.60992, 0.6121 - 0.6191, 0.6210
What do we have here?
✔️ Bullish Triangle Formation
✔️ AUDUSD is hovering near 0.6191 - Minor Resistance Level
Thank you, Connor,
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Hourly
#bitcoin - Probably a quiet 2nd AdventGood morning Traders, happy and merry 2nd Advent and December Sunday.
As this small triangle is getting tighter today, I don´t see any pressure that this is going to resolve bullish or bearish acute. It looks pre-mature.
Overall we are back above the S1-D Pivot and I wouldn´t be surprised if we rise another $100 today and keep dangling, generally the range seems to be within $200, support to resistance.
We are still below the Daily channel middle line and nothing like a breakup or breakdown happened yet. All key-levels and trendlines intact.
Relatively unspectacular. (And I bet cause I said this now, ...............it´s gonna happen ;-))
I am still holding long from the Inverted Head & Shoulder.
Happy trading.
Never financial advice.
Neru
NIFTY50,1H Heikin Ashi BullishThe hourly Heikin-Ashi chart of NSE:NIFTY has retested the prior top at 11100 area.
There is a bullish signal (3 green arrows) on the Multiple Super-trend indicator that I use.
These arrows need not be on consecutive candles but when they are the signal strength is higher.
H1 XAU/USD + Gap analysis+potential positions in the first hoursOn the market open and if the level 1527.00 (Potental pos #1 being a sell limit order) is respected i expect a sharp reversal to 1522.8 if breached due to normal fluctuation or gapping
Potential Pos #2 must be ignored unless there's a candle that surpasses the 1527 level and closes above it and then the buy limit should be opened if respected i expect gold to goto 1532.4 (i always prioritise slightly early exits with intent to avoid major mid and big figures can that may interfere with the position)
risk to reward ratios 2.6 to 3.25
Long Idea22/Aug/2019 08:46 AM
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Not sure on the time portion of this trade and what to expect - Higher timeframe is the best way to gauge structure and demand/supply.
Holding above the 21ema on the hourly for the moment is constructive to the thesis of this idea.
Primary bias driver for this idea is the recent candle development within the last few hours.
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