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Trianglebreak

AUDUSD - PULLBACK REJECTION TRADEAUDUSD was one of my favorite pairs to watch last week as we had 2 of my favorite patterns (Head & Shoulders & Descending Triangle) completing at the same location. Since then we've gotten our breakout & now the market is offering another opportunity to get involved. After the initial pullback into the breakout point/neckline, price put in another new structure low confirming the move before ending the week with another pullback test. The thing to note on this pullback is that price, not once but twice tried to violate the highs before getting aggressively rejected which is a positive sign for bears. The bearish projection is still our previous lows from mid July. If you have any questions about this idea please let me know in the comment section below. And of course I would love to hear your views as well. Akil
Short
by Akil_Stokes
GU-NIT Sunday GU fell like no ones business and kept falling. We were retesting some previous monthly lows so the drop was expected. Placed some trades on 8/28 entering after a break of rejection (1.17330) exiting at a period of consolidation or correction (1.16760) Priced corrected during London session, having my analysis from Sunday gave me an edge for NeW yOrK SeSsIoN. 1.6760 was an area of rejection, support becoming resistance... whatever you like to call it. Once a close above that area, I initiated a long position back up to entry from Sunday exiting at 1.17445 Happy Monday It IS! Happy Trading Week !
Short
by KeyTrades17
2
ITC - NSE INDIAIndia Tobacco Company Limited . The Achilles heel of every investor. Company website- www.itcportal.com Honest management, low debt , high dividend yield 4% , growing sales yoy Diversified businesses - Fast Moving Consumer Goods ( fmcg) , Hotels, Paperboards and Packaging, Agri Business and Information Technology. FAMOUS BRANDS- Aashirvaad - Atta/ flour Sunfeast- biscuits and bakery Yippee! - noodles ( 2nd best to Nestle's Maggi noodles ) Bingo! - chips and snacks. CIGARETTES- Insignia, India Kings, Classic, Gold Flake, American Club, Wills Navy Cut, Players, Scissors, Capstan, Berkeley, Bristol, Flake, Silk Cut, Duke & Royal. ____________________________________________________________________________________________________________________________________________ Trade Technical- A classic triangle break, investor prayers to be answered for a reversal. A good buy.
NSE:ITCLong
by EVOQUE5000
19
USDT DOMINANCE BREAKOUT! BAD FOR BTC!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT Dominance update. USDT Dominance works opposite to BTC. If USDT.D bounces BTC dump or if USDT.D dumps, BTC starts pumping. Now let's get to the chart. USDT Dominance breaks out from the triangle in the daily time frame and it looks very bullish to me which is very bad for the crypto market. If this pattern plays out completely then don't be shocked if we see a new low of BTC but it's early to say time will tell. As of now, we have a 100D MA resistance ahead from there we expect rejection and a relief rally in BTC. Until and unless USDT Dominance breaks below the $5.7 level don't expect a bullish market. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
CRYPTOCAP:USDT.DLong
by CoreCrypto1
2
Triangle Pattern Breakout in 1 DTF//BPCL>The good ACCENDING Triangle Pattern formed which ended up with strong green candle! >The pattern took 3 supports at the bottom and 3 resistances at the top! >12 AUG close is strong both 1 DTF & 1 WTF. >In WTF it closed as a Hammer Candle , It is heading to break 20 DMA! >Once it breaks 20 DMA then 50 DMA is the immediate target in WTF, the MTF is also looking bullish by the way. >Stop-Loss is fine under the green bullish candle in 1 DTF and wait for the 20 DMA break and take the positions accordingly. Hope the stock blast!
NSE:BPCLLong
by AxionAjay
1
Triangle Pattern Breakout in 1 WTF!>Good formation of the triangle pattern happened but the most important thing we need to watch for is good Volume build-up! > The 50-DMA should be broken with the good volumes is the only concern! >The 4 Supports Levels are significant because they respected the same levels of (335-354) every time. >There is also the formation of High-Tension Lines which is a good sign. >The Stop-Loss is the best part of this set-up(>5%) Let's Watch with patience!!!
NSE:KPILLong
by AxionAjay
Triangle Pattern Breakout in 1 DTF//IGL>The good triangle pattern with strong break-out can be seen in the following chart. >The pattern took 4 supports at the bottom and % resistances at the top! >Todays close is strong both 1 DTF & 1 WTF. >In day chart there is a strong support from the 20&50 Day EMA's. >In weekly chart it has just crossed the 20 Day EMA and heading towards 50 EMA. >Stop-Loss is fine under the green bullish candle and wait for the Volume's built-up and take the positions accordingly.
NSE:IGLLong
by AxionAjay
6