How to Trade Bull & Bear Flag Pattern | Flag Pattern Tutorial !Bull & Bear Flag chart patterns Tutorial!
Bull Flag : A bull flag forms in bullish trending market, After a strong bullish movement when this pattern forms it signals the market is likely to move more higher. Bull flag pattern much similarly looks like a horizontal parallel channel or downward parallel channel along with a strong bullish vertical rally; when we draw the pattern it looks like flag on a pole, that's why they are called bull flags.
How to identify and Trade Bull Flags : - It is easy to identify a bull flag you just need to look for a Bullish Vertical Rally or Trend which is Pole of the Flag then identify the consolidation which will look like either horizontal channel or downward channel which will be the Flag. After identifying the pattern you can enter at the bottom of the flag or you can enter when price breaks the upper trendline of the flag which is more safe.
The breakout may also be a fakeout that's why we will take help of Volume and RSI Indicator to confirm the breakout. As shown on the below example you can see when price breaked the uppper trend of the flag the Trend drawn on the RSI was also broke and the Volume was high.
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( *Key things to know : If the retracement measured from the vertical rally or Flag Pole retrace more than 50% the pattern becomes weak and it may not be a Flag Pattern but sometimes it stays valid if it breakouts above the uppertrend of the flag.)
Bear Flag : Bear Flag is just the opposite of the Bull Flag Pattern. A bear Flag forms in bearish trending market. Bear Flag pattern signals the market is likely to drop more lower. You need to identify Bear Flag in bearish trend when the price of a financial asset drops then if the price forms a horizontal channel or upward channel which will look like a inverted flag whose flag pole will be upside and the flag will be downside.
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4H Support / Resistance with RSI Day Trading StrategyRSI = Blue, EMA of RSI = Red.
RSI 14, EMA 45
Long Rules:
1) RSI > EMA RSI = look for long setups
2) Resistance is broken ( a new high )
3) Price rejects (pulls away) from the previous resistance
4) RSI > EMA RSI >> 50
Short Rules:
1) RSI < EMA RSI = look for short setups
2) Support is broken ( a new low)
3) Price rejects (pulls away) from the previous support
4) RSI < EMA RSI << 50
I typically like to place a stop loss at the top of the closest resistance (if going short) and at the bottom of the closest support (if going long) and TP 1:1.
Another method is to go for partial profit at the closest support/resistance and move the stop to breakeven to catch longer trades.
3/4 trade setups in the past month on AUDUSD
FLAGS:
*the setup on the 20th of March was a working short position, but the strategy is looking long.
*the setup on the 31st of March was not validated as the RSI is not > EMA of RSI
Head and Shoulders the accurate price action patternHead and Shoulders Pattern Tutorial -
Head & Shoulders chart pattern is a price reversal pattern that helps traders identify when a reversal may be underway; this reversal signals the end of an uptrend.
The formation of a H&S pattern resembles a baseline or neckline with three peaks where the middle peak is the highest between the two right and left peaks.
Head and Shoulders patterns are statistically the most accurate chart pattern, almost 85% of the time they reach their projected target.
The formation of a H&S pattern resembles a baseline with three peaks where the middle peak is the highest. The two left and right peak don't have to be at the same price, but the more closer they are to the same level the more stronger the pattern becomes. The pattern completes when price breaks through the neckline.
Stay Tuned, 👍;
Three Percent Trade Idea: Go short WHere is a great opportunity to go short on Wayfair (W). If you are able to go short closer to $90 we think that would be the best time to build your short position.
At Three Percent Trades we have a price target of $65.00 / share, which is a potential upside of 22.3% from the current level.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
The Power of a Momentum MoveNever underestimate the power of a momentum move... either up or down!
Because once the momentum train starts going its very hard to stop it and it will keep going much further than most have anticipated so don't be that trader that try to predict the reversal!
This video explains more!
Three Percent Trade Idea: Go long GEHere is a great opportunity to pick up GE .
At Three Percent Trades we have a price target of $13.00 / share, which is a potential upside of 42.2%.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
Three Percent Trade Idea: Go long SQHere is a great opportunity to pick up SQ .
At Three Percent Trades we have a price target of $77.87 / share, which is a potential upside of 23.8%.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
Three Percent Trade Idea: Go long NVCRHere is a great opportunity to go long on NVCR.
At Three Percent Trades we have a price target of $90.00 / share, which is a potential upside of 14.1% from the current level.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
Daily Heiken Ashi Auto Trading SystemJust playing around with some ideas this morning and thought I'd try HA candles on multiple timeframes, and trading based on first candle reversal. In other words, buy at close of first green after series of reds (as close to closing price as possible, or lower), and sell on confirmation of first red daily candle.
Downside risk exists, but stops will pull you out of the trade, so a hedge is recommended. Can play with multiple timeframes and size appropriately to your risk profile.
This produced approximately 550 points in this period of time.
1 ES point = $50 = $27,500 per lot.
NZDUSD Short For 2.8-to-1 Reward!Hi again @FollowMyForex fans,
Our trend following system just gave us a signal to go short on the NZDUSD. After more than a month of no trading, we suddenly get 3 signals in 3 days, it just keeps pouring in!
We actually had to weight up the risks and choose between multiple signals. Factors we take into consideration was:
* Economic calendar
* Day of the week
* Risk-reward
This trade has a very nice 2.8-to-1 reward ratio.
Update to follow, trade safe!
Swing trade on AUDCHF for 3.5-to-1 reward just triggeredHi all! Another @FollowMyForex swing trade just triggered, this time on the AUDCHF. We went short and there is a lot of room to the downside, so we'll be riding this one out to the last target if possible.
Trading with all the amazing momentum in the FX markets recently have proven to be extremely profitable. As long as Trump keeps running his mouth, as long as there is unrest in Japan, as long as fears of an impending debt crisis keeps making rounds in the news we'll always have volatility to trade off of. Bad news doesn't have to be bad for us, just go with the flow :)
Updates to follow.
Please note! If you are in the GBPAUD short from yesterday we'll taken off 50% of the position and are therefore technically break-even on the trade. ONLY take this trade if you are in the same position, otherwise you will be overexposed to the AUD market.
Trend Trade on GBPAUD for 2.4-to-1 Reward!Our @FollowMyForex trend trading system just gave a new signal, this time to short the GBPAUD.
This trade carries a nice 2.4-to-1 reward to risk ratio and we'll be taking 50% off at the first target. After that we'll let the trade do it's thing and ride out the rest of the position to target 2.
All the GBP pairs have been in an incredible bearish trend over the past few weeks and as trend traders we have been able to capitalize on this entire move. Nobody knows how far these GBP pairs might still fall but that's the beauty of trend trading, you are almost always wrong if you try to guess the top or bottom. Rather just trade a great system with a proven edge.
Trade safely, updates to follow.
BTC Bullish and Bearish scenarioAs traders we always must be prepared to go long or short. We can not be biased to one side.
I have clearly defined zones and levels within those zones that I am willing to engage off of.
I do not care which way price goes because I have a clear plan for both scenarios.
In the mean time I do nothing. Do not force the trades, WAIT for price to come to you
and if it doesn't, no big deal. Move on. Patience is the KING.
[ENGLISH] XEM on its way to higher highs! Let's go in!XEM is making a correction on what looks like a long way to higher highs. We want to take advantage of this correction and make a good entry. If the price falls below our buy order, we have good areas to make additional purchases and thus averaging the purchase price and still get good profits.
Order Information
Buy 0.00001406
Sell 0.00001438 - 0.00001481
Earnings 2.28% - 5.33%
1 Day Graph. Upward trend:
In 3C Crypto Trading, we make Trading in Crypto Easy and Simple.
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Send an email to crypto@3cservices.co
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Confluencia de zona de soporte y tiempo de reversión TRX (TRON)TRON después de rebotar de su primera zona de soporte (compra) tiene una pequeña corrección, dando otro chance para comprar. si rompe abajo de la zona 1, podemos hacer un Valor Promedio de Costo (DCA) en la Zona 2.
Le estaremos dando seguimiento a esta señal en la comunidad 3C PLus.
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Envié un correo a crypto@3cservices.co
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Banderín (Pennant) ascendente en Bitcoin... ¿$+4,000?Bitcoin esta formando en el corto plazo (próximas 24 horas) un banderín ascendente. Esto demuestra la guerra en el mercado por llegar a la próxima resistencia. Parece que los compradores están ganando y el volumen descendente demuestra que los dispuestos a vender al precio actual cada vez son menos. Si Bitcoin rompe esta formación por la parte superior, con una candela completa, estaremos en camino a la próxima resistencia $4,000 -$4070. Ojo de ahi puede caer. ¿Qué hacer? Es un buen momento para comprar BTC, ya que puede ganar un pequeño % en este movimiento. Si rebota de la resistencia hacia abajo, puede vender en corto. Si logra pasar la resistencia a largo plazo parece que nos alineamos a un movimiento fuerte, esto debido a que la formación en la gráfica diaria de Bitcoin tiene una formación bullish, siempre y cuando rompa su limite superior. (Ver gráfica adjunta)
Si no puede estar pendiente a la gráfica, espere el rompimiento.
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XMR posiblemente rebotará una vez más en su soporte.XMR viene desde hace varios días y semanas corriendo en un canal muy amplio en lo que parece una etapa de acumulación. Ya días atrás, nos dio un buen rendimiento en un trade a corto plazo. Parece que va a seguir el mismo patrón. Si llegara a fallar parece que seguirá el canal y eventualmente podemos recuperarnos o bien hacer otra compra más baja promediando nuestro valor de costo.
Estamos buscando comprar a 0.01281.
COMPRA ~ 0.01281
VENTA* ~ 0.013248 - 0.01344000
GANANCIA APROX ~ 3.5% - 5%
¿Quiere profundizar más en el análisis? ¿Desea conversar u obtener más ayuda? Comente aquí o mejor aún subscríbanse a la comunidad Privada “3C Plus”.
Envié un correo a crypto@3cservices.co
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