CADPNL to Break The Pattern's Boundary and Continue Up?CADPNL is about to complete the rectangle pattern. IF the price decisively breaks above the boundary, we can buy CAD against PNL.
Target is equal to the pattern's height: 3.64
Stop Loss below the lowest point of the day when a breakout occurs.
Rectanglepattern
VET Parallel Channel$Vet is preparing for the breakout as trading in range last 30 days.
In the relief rally (green) scenario, $0.039 & $0.044 are the two most important levels to exit or look for shorts.
Do not buy the breakout!
The most crucial support is $0.024 n’ I’m almost sure it’ll break during the bear market.
Look $0.018 for longs.
Thoughts on GBPUSD (Bearish possibility)Although the market is consolidating, the market is moving on a price range and making a rectangle pattern. We just have to wait for the price to give us the entry whether is a sell or buy. I'm inclining to believe that gbpusd will go for a short position and mostly because we've been in a bearish market this past months, but we just have to wait for the price to tell us what it's going to go. Target would be the green lines depending what the market does in the future.
Do you have any other ideas? Let me know on the comments.
btc shortBTC already broke its support area and it will meet that 30-28k target again but there is a good chanse to buy it if it back strongly form this strong support ,so be wise and wait for a bull confirmation form 28-30k
$BNX - bullish if we break out of the rectangle pattern!the price has formed a rectangle pattern made of a good support level @100 and the resistances @120 and @130
if we see a breakout from the @130 resistance on the 1D timeframe, we can expect a good rally until the following resistance, which would be around 160 thus providing a juicy 17 % ish profit!
I'm entering if this scenario plays out, just be patient guys!
let me know what you think about this!
XTZ (TEZOS) ANALYSIS UPDATEGood analysis is not the one that is perfect but the one that has numerous backup plans to reduce probability to the minimal.
Following XTZ for the past few days we have 4 different pattern in place the up trendline which failed along the line, the Wolfe pattern which was truncated, the ascending triangle which as well failed (got me remembering the old time rule which says never risk more that 2% of your portfolio on triangles), and finally, the rectangle pattern!.
Now its heading towards resistance of the rectangle. if price closes above the rectangle with volume then go long else, watchout it could still go back to it origin.
BTC going to be bearishAs we posted in previous idea BTC is trading inside a bearish triangle and its broke out of it. Most youtubers still saying we are bullish but birdies are not.
We are seeing a rectangle which is a continuation pattern means soon we are going more down to hit our target which is 40k-41k.
We may go down from here or we gonna retest the neckline of triangle but both scenarios are bearish.
PRZ as Rectangle in CADJPY to go bullishJust be careful when the price arrives at the harmonic point entry.
TRV: RECTANGLE PATTERN BREAK WATCHRectangles can extend for a few weeks or many months, and provide great trade opportunities every time the stock touches the top or bottom of the rectangle, until it finally breaks to the upside or downside.
TRV has been trading in a range (146.75 / 162.77) since February, forming a rectangle pattern. Generally, the longer the pattern, the more significant the breakout .
I will watch for a break of 162.77 and enter a long trade only if we break this level.
First target at more or less 180.
AUD/USD analysisFormation of the rectangle shape in the Downtrend making momentum rest .
Followed by the impulse movement to lower price.
COROMANDEL 31/7/21this weekly chart which gives neat idea of structure and less noise.
there is good volume expansion with wide range green candles.you
have to be patient with these kind of stocks and stick to weekly time frame
Doge coin speculationtoo many breakdowns in the past few sessions and we need to watch out for further breakdowns as the volumes look bleak
disclaimer: for educational purpose only and not recommended for trade
