We're currently in a short term downtrend in the triangle which could end once the bottom has been hit. These two major trendlines could give the Bitcoin support so pay close attention to the price action when the price comes close. Both trendlines started in the end of 2017 and gave the Bitcoin support for at least two times ever since. Once the Bitcoin found...
This idea looks a lot like one of our recent posts we did about the USDCAD pair. The difference about this idea though is that we have an ABCD pattern that falls nicely into the bottom line of the descending wedge. To be more specific about this ABCD pattern: if you look closely to the 'C to D' part of the pattern, you'll see that point D is located at the 1.272...
The graph shows us a recently formed bullish flag pattern. It seems like the market could find support at the rising trend line and support zone as shown in the chart. The support zone at the 85.50 price level has been tested several times and the rising trend line has held up twice already. These factors combined gives us the expectation of a price increase...
The bottom line of the channel and the 1.272 Fibonacci extension level form a nice technical confluence and could give us support. There's upside potential for this pair. It seems like the channel will be invalidated or the price of the USDCAD will rise.
The 0.7635ish area we're focusing on looks probably messy, but that's for the sake of education. Having drawn those Fibonacci lines could give you an idea on how confluences work without the need of many tools, but just a line here or there. Drawn from the long-term low in 2016 (zoom out!) to the recent high, we get the yellow 0.382 line. On a smaller swing, we...
This pair is testing it's previous structure at the round number @0.7800. The level has proved to act like support. We expect to see a continuation of the downtrend. Exciting things coming soon, happy trading guys!
The USDCAD pair has been in an uptrend in the medium-term direction. Recently this pair has been retracing since the 6th of October. This retracement falls right into the round 1.2500 level, together with a 61.8% retracement off the impulsleg and a forming AB=CD pattern this creates a solid buy setup. Targets will be taken @1.2586 Stoploss beneath the entry...
This pair has recently broken the declining trendline to the upside and is currently in an uptrend. The retracement of the latest impuls has created a support zone for stop loss placement. The buystop order has been placed @0.7267, targets @0.7325 and the stoploss beneath the support zone @0.7218. Happy banking!
A break of the resistance zone would complete a buy stop opportunity. The rising trend line has been retested multiple times and has proved to act like support. The buystop order has been placed above the resistance zone @1.1932, targets @1.2042 and the stoploss beneath the rising trend line @1.1849. Happy banking!
On the AUDUSD 1HR chart we have a short opportunity with the completion of this bearish bat pattern. Potential targets for the pattern will be at the 0.382 (@0.7195) and the 0.618 (@0.7183) retracement of the C to D leg. The stop loss is placed above point X. GOOD LUCK!
Just placed my orders for this bearish bat pattern in the EURGBP with 1st target @0.8470 and 2nd target @0.8426. GOOD LUCK!
Just placed my orders for this bullish bat in the GBPNZD.
Nice pattern will complete @1.1268, i'll be looking for shorts at this level with targets @1.1237 and @1.1218! The pair has been in a short term uptrend but it's likely it will find resistance at our entry level. Orders have been placed! Good luck everyone!
Just placed my orders for this bull gartley in the USDCHF. Time has been rough lately so let's have a nice winning trade with this one! The key is to stay consistent at all times, as long as you follow your plan nothing can go wrong in my opinion. I'll talk to you soon.
Another pattern setup for you guys. This time in the USDCHF. Goal is to reach both targets @0.9695 and @0.9710. Good luck!!
This Bat pattern recently completed @1.0080. The pair has been battling around this level for a couple of times this year and so it's a nice place for a bearish pattern to complete at. The goal is to reach our second target @0.9913. Good luck everyone!
This gartley pattern will complete @1.2906. The pair is currently trying to find support at it's previous lows and a rising trend line which should act like support as we're in an uptrend. So I'll wait how the market opens later today and see if I can place some orders for this one. For now it's wise to be patient i guess. Good luck guys and enjoy your trading!
My short orders just got filled on this setup in the NZDUSD. This idea could be traded as a bearish bat pattern aswell as shown on the chart, the entry point for the bat pattern would be at 0.7204. Good luck everyone!