Buy GBP/AUD Triangle BreakoutThe GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.9525
Target Levels:
1st Resistance – 1.9578
2nd Resistance – 1.9606
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Trianglebreak
Gold can give 2670 in Next Move! Read Chart and CaptionHello Trades
we can see a triangle in every time frame from 3min to 8H and breakout successfully in 15min to 1H here we can see good updside move till 2670 gold is fully bullish, here we can place buy order and our SL would be 2627 and Tp is 2662, 2669. all technical chart and candle patterns showing bullish so i am in.
share my idea with your friends and family and don't forget to follow me for new amazing trades
Sell AUD/CAD Triangle BreakoutThe AUD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9104
Target Levels:
1st Support – 0.9060
2nd Support – 0.9032
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
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Thank you.
Xrp - The Bullrun Is Finally Starting!Xrp ( BITSTAMP:XRPUSD ) will finally break out of the triangle:
Click chart above to see the detailed analysis👆🏻
As expected and mentioned in basically all of my previous analysis, Xrp now broke above the first of two bearish trendlines. It seems like it will be just a matter of time until Xrp will also break out of the five-year consolidation symmetrical triangle.
Levels to watch: $1.0, $3.0
Keep your long term vision,
Philip (BasicTrading)
SPY Ascending Triangle pattern AND Rising WedgeAMEX:SPY Printing a nice ascending triangle pattern along a rising wedge. Could go either way as marked out but considering last weeks action the time for the rally of santa is here as we head into the day of the great Turkey. Some fat wall street bankers have to cover and generate returns they keep pushing people out of positions just to buy them up. Very likely we set a new ATH on SPY this week. We just as easily could reverse as rising wedges tend to be bearish signals.
Buy AUD/JPY BreakoutThe AUD/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 101.15
Target Levels:
1st Resistance – 101.83
2nd Resistance – 102.30
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Buy GBP/JPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 197.44
Target Levels:
1st Resistance – 199.20
2nd Resistance – 200.20
Stop-Loss: To manage risk, place a stop-loss order below Support Zone. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
HOOKUSDT: Bullish SignalHOOKUSDT technical analysis update
HOOKUSDT has formed a triangle pattern on the daily chart, and the price is now moving towards a breakout. It has also crossed above the 100 EMA on the daily chart. A bullish move can be expected once the triangle breakout is confirmed.
Buy level: $0.50
Stop Loss: $0.44
Regards
Hexa
USD/JPY idea short 1hHey i have a little idea for a short position it goes like this.
A rising wedge pattern is made but does not rise and falls below the pattern so a reversal is coming i think.
Plus he also hit my support on the week time frame so i think my reversal is confirmed now wait and see.
If he should still return and turn above the pattern, then take a long position it's also the weekend this is just a calculation but it seemed like a possible solution when the market opens again.
Enjoy your weekend everyone!
#RisingWedge #Bearish
Netflix - Bullish Move Of +50% Ahead!Netflix ( NASDAQ:NFLX ) is trading at an important breakout level:
Click chart above to see the detailed analysis👆🏻
Netflix is just another one of these stocks which is perfectly following cycles and market structure. After the recent drop of about -80%, Netflix perfectly tested the bottom of the reverse triangle pattern, created bullish confirmation and took off towards the upside.
Levels to watch: $700, $1.000
Keep your long term vision,
Philip (BasicTrading)
Nike - Catch this reversal!NYSE:NKE continues its overall uptrend despite the recent drop of -60% to the downside.
All you need in order to catch the reversal of the decade is simply one line: a support trendline. Nike is currently approaching a support trendline, which has been sending prices higher for the past 30 years. Just this fact alone makes me believe that we will see (much) higher prices on Nike over the next couple of weeks and months, but we still need bullish confirmation first!
Levels to watch: $70
Keep your long term vision,
Philip - BasicTrading
Sell GBP/USD Triangle Breakout The GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3055
Target Levels:
1st Support – 1.2988
2nd Support – 1.2960
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bitcoin - Time to buy again!Finally, Bitcoin broke the symmetrical triangle and the price can fall to the support zone. also 53k is a good price to buy again!!!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Sell EUR/AUD Triangle BreakoutThe EUR/AUD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.6280
Target Levels:
1st Support – 1.6192
2nd Support – 1.6152
Stop-Loss: To manage risk, place a stop-loss order above 1.6330. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
NVIDIA Is Trying To Breakout Of A Triangle; Room For $150Hello Traders, and welcome to our new update!
This time I will take a look at Nvidia. It’s in a very nice recovery and looking strong, especially after retesting the $90 area and filling the gap from August, which occurred after earnings were released in May. This retracement was quite similar to the pullback we saw back in April, when the market retraced to the gap from February’s, following Q4 2023 earnings release.
Currently, Nvidia is coming out from an Elliott wave bullish triangle. This is significant because such triangles typically represent sideways price action between two contracting trendlines, where many traders tend to lose interest as the range drags on. However, as the price contracts, this is actually when we should expect a breakout, espeically when we see five subwaves labeled A-B-C-D-E within the triangle, it’s a strong signal that the breakout can be coming.
The confirmation for the breakout comes when the wave (D) swing high is broken, which was around $127. But now,the price is even pushing above $131.40, wave (B) high. if it closes above that level, I believe there’s a good chance the market will rally to new highs, potentially reaching the $150 area.
If you find these insights helpful, please like this idea or drop a comment below.
Gregor
Google - Textbook break and retest!NASDAQ:GOOGL might retest the previous breakout level before continuing the uptrend.
The entire chart of Alphabet (Google) is green, yet I do expect a (short term) move lower first. For almost a decade, Alphabet has been retesting and respecting a major support trendline before then breaking out of the ascending triangle formation just a couple of months ago. I just expect Alphabet to retrace back to the breakout level before then creating new all time highs.
Levels to watch: $150
Keep your long term vision,
Philip - BasicTrading
Sell GBP/USD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3382
Target Levels:
1st Support – 1.3312
2nd Support – 1.3265
Stop-Loss: To manage risk, place a stop-loss order above 1.3440. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Tesla - Breakout After Almost 4 Years!Tesla ( NASDAQ:TSLA ) is finally breaking out of the triangle pattern:
Click chart above to see the detailed analysis👆🏻
After a 4 year consolidation, Tesla is finally attempting to break out of the long term bullish triangle pattern. The monthly candle still needs to close but everything is pointing towards a major move higher, with the first target being the previous all time high from 2022.
Levels to watch: $250, $370
Keep your long term vision,
Philip (BasicTrading)
XRP Ascending triangle patternXRP is showing an ascending triangle pattern. The reversed hammer candle is showing an bearish signal on 15m and thats telling me it will go down now. It might go down to the resistance line and will go back up from there. We might expect a brake out after.
Lets watch
This is no (FA) Financial Advice. Always (DYOR) Do Your Own Research.
GOOGL may be ready to rally with the other Magnificent 7.NASDAQ:GOOGL has not performed as well as other Magnificent 7 names, which are currently trading much higher than their August 5th lows. If NASDAQ:QQQ continues to build above its daily 50 SMA, and other technology names in this space continue to move higher, GOOGL may start to move higher as well. GOOGL has held demand at the retest of the previous all-time high and may break out of a falling wedge on the weekly chart.