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Pennant

GBPUSD - Price can bounce from resistance line and start to fallHi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 When price broke support level and area, it declined to $1.2465 point and then bounced up to area. Next British Pound continued to decline inside from falling channel, where it broke $1.2395 level and fell to support line. But at once, price bounced up, made strong upward impulse to resistance area, thereby leaving channel and breaking $1.2395 level again. Also, British Pound entered into pennant, in which firstly price fell to support line, but recently backed up. At the moment price trades close resistance line and maybe it can bounce down from this line. After this British Pound can start to decline to $1.2385 support line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2
BITCOIN - After exiting from pennant, price can continue to growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 After price bounced down from resistance area, it entered to flat, where BTC declined below support level. Later, price tried to back up, but failed and made strong downward impulse to support line, thereby exiting from flat. Then BTC started to rise near support line and a few times later bounced up higher of resistance area and level. Next, price made correction to area bounced up, and entered to pennant, where it fell below support level. But recently, price bounced up of support line, exited from pennant, and now trades close support line. In my mind, Bitcoin can bounce up of support line and start to grow to $27760 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
19
USDCHF - Price can start to decline and break support levelHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 Inside from rising channel price bounced from resistance level and fell to support line. Then Swiss Franc made upward impulse to resistance area, thereby breaking resistance level, and exited from channel. Next, price bounced down of resistance area, which coincided with $0.9060 level and declined to past level. Also, price entered to pennant, where it rose higher of resistance area and level. After this Swiss Franc made correction to support line, but recently backed up and now trades close to resistance line. In my mind, price can bounce down of this line and fall to $0.9020, thereby breaking support level and exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
Techno-Funda pickHero Motor is consolidating since Feb 21 and now it has given a Pennant / Bullish wedge breakout with good Volume. Hero is a market leader and consistently showed great growth on YOY basis. Still there is a significant upside left for the stock so in my opinion, one can do SIP in this stock without being worried for Stop loss simply because it has a great fundamentals. Buy it in instalments or on each dips and there will be few resistances before it tests its all time high ie 4000. CMP - 2892 W (6/3/23) T - 3100, 3500 W SL - 2700 W
NSE:HEROMOTOCOLong
by AbNamjoshi
FINNIFTY Expiry Day Trade Setup (30-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. So with gap up today and from days price action forming like pennant or bull flag. Breaking this pattern could give good move if price opens flat only. For trade setup: 1.) If open flat will look for break of this pattern on either side if breaks on upside target will be Today's High (19615) then 19630. On Break of downside target will be 19431 then 19392. 2.) If opens gap up then will wait for price action to form and will trade only if it forms some pattern or if there is good setup. 3.) If open gap down setup will be same as point 2. As on expiry due to theta decay and because of some gamma moves premium values erode fast and they won't gain. so will only trade solid setup with small stop. Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
NSE:CNXFINANCE
by TradeInsights
RIPPLE - Price can break resistance level and continue to growHi guys, this is my overview for XAUUSDT, feel free to check it and write your feedback in comments👊 When price bounced from resistance area which coincide with resistance level, it made downward impulse. Next, Ripple fell below two support levels and also entered to flat. After flat, price started to trade inside from pennant, where it reached resistance area. But soon, Ripple exited of pennant, entered to falling channel, and fell lower $0.4510 level. And recently price made upward impulse to resistance area, which coincide with resistance level. At the moment Ripple trades near resistance level inside this resistance area and possibly price can break this level and make retest. As well later, price can continue to grow to $0.4840 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
RIPPLE - Price can bounce up of support level and start to growHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 A few days ago price bounced from support line to resistance line, thereby breaking resistance level. After this Ripple made correction to support level and later backed up to resistance line again. Then price bounced down and made strong downward impulse, thereby breaking support level and line. Next price started trading inside from flat, and after flat, Ripple entered to pennant. In pennant, price broke resistance level and now trades very close to this level. In my mind, Ripple can make correction to support level and then bounce up to $0.4700 Thereby price exits from the pennant as well. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
Bitcoin Growth with Bullish 🚩Pennant🚩 Pattern🚀Bitcoin managed to break the resistance line successfully. Now Bitcoin is pulling back to the resistance zone and the resistance line that has been broken. The pullback structure is in the form of a falling wedge pattern, and if we look closely at the chart, we can also see a bullish pennant pattern. I expect Bitcoin to grow up to the resistance zone after breaking the upper line of the falling wedge pattern. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
28
GOLD - Price can break support level and start to declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few days ago price trades between resistance level and support area, and then entered to pennant. In pennant, Gold broke resistance level and bounced higher of resistance area. Later price started to decline and fell to support level, but at once bounced to resistance area, thereby exiting from triangle. Then Gold entered to falling channel, where price broke $2000 level and exited this channel. Also, price fell below $1960 level, but later bounced up, and now Gold trades close. Possibly price can break support level, make retest or not and start to fall to $1940 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
21
Got more Doge?POLONIEX:DOGEUSD Dogecoin is showing this repeating pattern. I like to call it a Pump and Pump :-) Maybe it will ultimately become a Pump and Dump . So I am not going all in. However, a small holding of Doge has the potential of creating a large return. This is an asymmetric risk-to-reward play. I write off all the money I put in. So it is a small loss on my portfolio immediately, but if the trade plays out it will generate a significant gain on my overall portfolio. One fundamental consideration: Doge was meant as a meme coin. Its intended use is 'tipping'. Dogecoins are not defisable. So if Doge goes up by a lot, the tipping and maybe even payment functionality will become less useful or practical. All and all, this is a very speculative trade. Please be aware of that and act accordingly.
POLONIEX:DOGEUSDLong
by davetromp
Which Scenario ?Just by looking at it it makes sense for price to hunt all those untouched liquidity , right ? but what's gonna happen next ? as i indicated here there are 4 scenarios for me , but i think 4 is the most possible one , why u ask ? well , if u follow my ideas i am bearish on BTC and i have a whole bunch of reasons and all i see here and in the recent move was just a liquidity hunt . i predict prices bellow 25K for BTC cause i yet recognize exhaustion in price move , and it is not a good sign if u want to see a bull run ... so yeah , here it is , make ur own judgment .
CRYPTO:BTCUSDShort
by hamidking82
6
XNGUSD Bull Pennant Pattern Short then LongXNG has had a big week with a big bullish momentum move into a symmetrical triangle and then a breakout into a bull flag pattern to finish out the trading week. A Bollinger Band squeeze as the symmetrical triangle was underway preceded the breakout. PRice crossed the POC line of the volume profile where trading volume , liquidity and volatility all are the highest Equities and equity funds like BOIL, KOLD, UNG, UNL, LNG had corresponding moves. The Luxalgo ECHO indicator, a predictive AI tool, suggests that from here XNGUSD will retrace 5% or so perhaps targeting the mid/basis line of the Bollinger Bands and then resume its upward trend. the retracement would be 50% of the uptrend which started the morning of 5/18 which was a 10% move. The indicator is predicting the uptrend resumption for 5/22. By extension, equity instruments that mirror natural gas prices presumably will have similar moves. I conclude that my profits achieved in BOIL options after the big move should be prtially taken off the table to buy some KOLD calls or BOIL puts instead to hedge for the prediction of the algorithm tool.
FXOPEN:XNGUSDShort
by AwesomeAvani
RIPPLE - Price can bounce up and break resistance levelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 A few days ago price traded inside triangle, where it first declined to support level and later bounced up to resistance line. Next, price exited from triangle, started to decline and entered to falling channel. After channel, Ripple broke $0.4430 level and fell below support level, which coincide with support area. Later, price tried to rise, but failed, fell to support level, and entered to pennant. In pennant, Ripple broke $0.4430 and at the moment trades close resistance level. In my mind, price can break this level, make retest or not and continue to grow to $0.4855 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8