Bullish Flag
EURJPY - Bullish FlagLast week, we spoke about the EURJPY 5-0 Pattern complete on the Weekly Chart, if you had bought it when the market opened, you would have at least gained 283pips of profit.
If you had not done that, the next thing you would probably think of is to engage as soon as you have the opportunity.
Well, there is a Potential Bullish Flag setup complete at 127.46, that's the price you can wait for a retest combined with a 3-bar reversal to head in the trade.
If the market break and close below that level, you can wait for the Bullish Shark Pattern setup on both 1hourly and 4hourly chart setup.
USDCAD is predicted to be bullishUSDCAD is predicted to be bullish
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Looking at the H4 TF the USDCAD market is still heading into a bearish trend or is doing a temporary price correction, and most likely it will go up and retest for a while and form some harmonic patterns. If the resistance area is broken, it means that the market has given a signal that the USDCAD market will increase to the next resistance area, the same as what happened on 20 Dec 20221.
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Keep an eye on the market, especially news related to the USD currency and its relation to the American economy.
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USDJPY is predicted to be bullishLooking at the movement of the USDJPY pair on the H4 TF, we can both see that the market is bullish and may make a price correction or retest to the price of 115,865 and continue its rise until it hits a strong resistance area or can even create a new resistance point.
We continue to monitor this market, and monitor it more often in the New York trading session.
📈🔜 Textbook-like bullish correction?Prologis has a strong seasonal pattern starting on the 8th of March. The price movement is currently forming a bullish flag after the 38.2 % retracement level has been hit. Looks healthy - looks IMO bullish. I see the chances of hitting the yearly high as damn high in the next weeks and months.
AUDJPY Gives a bullish indicationTechnical analysis on the pair AUDJPY
If we look at the H1 or one-hour timeframe, it can be seen that the AUDJP has penetrated the strong resistance area at the price of 83,839. This indicates that AUDJPY will continue its rise until it reaches the highest resistance are ever reached on Oct 21, 2021, but we need to analyze all of that fundamentally and keep an eye on the news.
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Trading activity is a risky activity, good trading is trading that is done independently.
BTC/USD 1M. Moving in ascending channel. Potential bullish flag.BTC/USD on monthly chart is moving in ascending channel.
Right now we have a range moving.
Potentiall bullish flag is forming(if we hold the lower bound of current range ~27000$).
Bullish flag confirms only if support on 27000$ holds and we break out of it to the upper side.
The impulse of this flag is about 500%. If this flag works out - it's target is the resistance of monthly channel ~ 400.000$.
We close the monthly candle below the current support at about 43800$. So now the bias is bearish.
The nearest support is about 35k. It's our nearest objective. If we break below this support - the nearest support is the support of ascending monthly channel ~27000$.
Near this area we also have EMA100, which on that time will be somewhere around there.
However, there lot's of liquidity below this area(27000$), so we can fall below this zone to collect this liquidity(stops, liquidations).
If we fall out of ascending channel, our nearest support is about 14k$.
Up, up and away!The coffee futures have broken today the bullish flag, and this derivate on coffee follows the coffee price accordingly. Maybe in the following days, a pullback is possible, reaching 3,71 or the vicinity of the broken trendline below.
According to the seasonality and inflation, I expect a general bullish trend in coffee until the end of the year. But buying this instrument and holding it until the end of the year could be difficult because of the volatility decay. Take care!
ETH Bullish Trading Range!We can see prices trading in a tight range after moving higher. This bull flag pattern is a good sign when it comes to prices moving higher. Let's watch and see how it plays out in the upcoming days!
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Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
Bullish Flag on XAU/USD @ H4A bullish flag is now visible on the 4-hour chart of the spot XAU/USD pair (gold). It is can play a role of a trend-continuation breakout signal if the price closes significantly above the flag's upper border without invalidating the pattern. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line (1921.08). My potential stop-loss level is marked with the red line (1886.35).
Watching KAVLKavl is pretty interesting. it clearly did its first accumulation and is holding a pretty nice pennant.
The borrow fee is 588% which is extremely high. Shorting this is very very difficult.
The short is over 30% of the float at 100% utilization.
I think we could see more action here in either direction but something tells me it has strong squeeze power. Its vape stock, that just got its FDA approval back, which was revoked due to fruit flavor "bidi stocks"
GBPUSD LONG ON WEEKLY 2/22/22If price holds orange support zone we have a chance at testing yellow resistance zone.
If Yellow support zone holds we may be able to touch the bottom of light green resistance zone.
Forming an inverse head and shoulders and a bull flag to confirm bullish bias.
Needs a bullish engulfing candle breaking out through the top of the pink channel or near the bottom of the pink channel for a higher risk to reward ratio.
Take profit at top of yellow(0.5 on fib) for low risk , and at the resistance of the light green(.618) for high risk
MacD on the weekly has a bullish cross over
$GDXAs paper money inflates and loses value gold prices rise.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
AMEX:GDX
$AXPDouble bottom into a bull flag. We should see a little pullback then another break towards ATH. If that doesn't occur look for the stock to fall to the lower levels.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
NYSE:AXP
GBPUSD-Weekly Market Analysis-Feb22,Wk4A Bullish Shark Pattern trading opportunity present itself at 1.3567 for a trend trading opportunity within the Bullish Flag consolidation zone within the 4-hourly chart.
If you have saw last week video, you would have spotted the trading setup and capture the 116pips(1,160USD) move.
If you missed it, no worries, wait for a 3bar reversal on the 1hourly chart after the Shark Pattern has formed.
Do note that the Shark Pattern can have up to 3 entry zone and a True Shark Pattern trader should have all 3 tries.