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Symmetrical-triangle

AUDUSD - Technical Analysis [Long Setup]🔹 AUDUSD Analysis on 1HR chart - The current Trend is BULLISH - there is no divergences - Symmetrical triangle is form 🔹 Trade Plan - Entry Level = 0.67295 - Stop Loss = 0.67058 - TP1 = 0.67546 - TP2 = 0.67791 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Long
by Bountysoul
2
AAPL- Triangle Breakout, Bullish- Have been watching AAPl for quite some time now (see the previous chart). Finally approaching the end of this triangle, has bounced off the bottom trendline multiple times in addition to holding & bouncing off its 200day EMA. - On top of approaching the end of this triangle, AAPL is squeezing on its daily chart between the AVWAP of the previous high and low with its Bollinger bands squeezing as well. - MAs are curling while price action reclaims them (not pictured) with a huge symmetrical-triangle on its weekly chart The bigger the base, the bigger the breakout PT1 - $129.5 PT2 - $130.5-$131 Long Term PT $135 + Breakout. Previous chart-
NASDAQ:AAPLLong
by jacobosiason7
SAND at breakout level ???Will SAND breakout from here??? When we look at the SAND-USDT chart we can see that SAND sits in a symmetrical triangle which most of the time breaks out to the top. My fist target is the 4h 200 Moving average @ 0.42 and hopefully find support on the .328 fib. My targets for the long run: °0.384 (.382 fib) ° 0.449 (.5 fib) ° 0.515 (.618) ° 0.608 (.786) ° 0.664 (.886) ° 0.727 (1) Don't forget to get profit or set alerts when we hit the next fib levels. You can always buy it back when it is tracing back to a lower support level. It will not go in one straight line up. Also keep a close eye on BTC . If BTC starts to pump it is better to move some of your profits into BTC . Your end goal should always be to increase your BTC amount. Cheers and have fun. ° Be Patient – Don’t panic – Trade Emotionless. ° Never lose a winning trade. You can always get back in later.
Long
by seoco
TRONUSD major move imminentTron/USD pair TRXUSD is primed for an advancement in the next leg of its movement. It has had a major move downwards where it bounced if it's 50 DMA. Since then then, it has moved upwards and it now trading in a symmetrical triangle. This shows buyers and sellers taking profit and entering positions. Furthermore, just like a textbook symmetrical triangle, the trading volume since the triangle formation started has been decreasing. Yet another signal that a major move is imminent. Additionally, the RSI has reached and stabilised at 45, the same level it reached before it went on a consistent move upwards in yet another indication that a move upwards is imminent. It's likely the next move will be a breakout as the bounce upwards from the 50 DMA can be taken as the start of a upwards flag. However, cautionary note is that a symmetrical triangle by nature shows indecision in the market, and due to the major move downwards there is a change that the next imminent move is a breakdown. However, the chart pattern sets up an opportunity for scalping for those with the risk appetite. One option would be to enter at approx 0.044 USD when the price reached the lower boundary of the symmetrical pattern to exit at the top boundary (0.046) with a stop loss at 0.043 for a risk:reward ratio 1:2. Alternatively, a more risk:reward opportunity would be in case the price breaksdown to the 50 DMA again and to enter at 0.040 and exit at 0.043 - the lower part of the symmetrical triangle - with a stop loss at 0.039 for a ratio of 1:3.
BITFINEX:TRXUSDLong
by slip_stream
1