Gold is in a wedge right now and a flag is forming. With this flag we can see a good buy and sell.
So if you missed the up move a few days ago then don't worry. Right now there is a flag forming or a correction if you will. Once it breaks out of this flag formation then there will be more profit to be made. I expect it to break the top of late 2019, so there should at least be around 15% profit to be made from now on. Happy trading!
I will watch how these two setups develop over the next few days. In the upper scenario I will be looking for a breakout of the flag to the downside. For the lower scenario I will wait for an entry signal. Right now there is none.
Entry .04 Target .0535 Stop Loss .0375 Bull Flag Pattern and .5 Extension of ABC
The situation is a promising, positive sign on the graph. The indicators are in balance, the ideal moment for the emergence of the bullish trend and the flag drilling. And do not forget to invest wisely
The pair is currently forming a flag continuation patter therefore I'm interested towards buying. All the details are on the chart Entry @ 111.735 (Buy Stop) Stop @ 111.486 TP1 @ 112.030 TP2 @ 112.146 Disclaimer: For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be...
The US dollar continues to struggle for direction against the Japanese yen on Friday, as financial markets calm after recent fears about the Turkish economy. The USDJPY pair currently trades within a well-defined bear flag pattern which extends from 110.65 to the 111.25 level. Traders should also note that price is also trading inside a much larger bearish head...
Quite Clean Ascending Triangle has formed on the ASX200 H4 - looking for a break and close in either direction for entry. Look at RR = 3 here. Potentially very good setup.
Really nice looking flag pattern on the 1H chart of USD/CAD. Only problem is that those moves are mainly caused by high volatility fundamental moves, and they are difficult to catch. Plus the fact that another big fundamental piece of news is about to be released within the next 3 hours (NFP). Anyways, the technicals are there. 1.30 break , aim for 1.31 then.
Entry point - under 8700 First target - 8900 Second target - 9200 Third target - 9800 Stop Loss - 8300
It's been a while but lets get right to it. Weekly The orange line I drew up is from the highest high back in 2011 (about a 3,745 pip range). This line was broken last year in July. Recently it's established a consolidation area in the past month and can be seen that momentum has slowed for a bullish outlook. As you can see the recent top has not been...
I am shorting AUDUSD for the following reasons: It has broken a the ascending bullish flag it was on. It is simple price action. If the candle were to go up pass the trend line it would invalidate my trade activating my Stop Loss and would wait for a retest to go long.
Possible patterns for $xzc on the daily. Possible targets. Don't take the targets too seriously. Not to say they're not viable, but I was just trying to get an idea of potential by looking at pivot levels and possible reversal zones. Twitter: AzorAhai06
LTCUSD made a breakout from a major resistance yesterday. (See related idea) Now it has made a flag where it will be good to add to your positions. Litecoin is on the track to hit 500 very soon.
I'm very much a dilemma right now. Scenario 1 - It is making a flag and is about to break through the upper level. If it breaks that we will most likely see the price surge to more that 500. However there is a lot of resistance to for it to break through. I also see another pattern Scenario 2 - It is following the uptrend but it has now broken it and made a...
Looks like a pennant is forming for an overall downward trend until 2018. Maybe an announcement will take place? Expect to start the new year with a bang? I hope so!
LITECOIN: LTCUSD Litecoin is in the process of making a flag, signalling that his period of weakness is just continuation before LTC pushes higher still. Two strikes on the lower parallel spells HOT. Buy on dips now back to 92 and add when the upper parallel is broken on upside for momentum burst into new high ground. Stops under 92 and under the upper...