Possible breakout happening within the next 2 hours. Bull Flag/ Pendant formed and almost at apex. will continue sell off until .89300 range. Will need to see positive momentum and tons of volume to push breakout
On W Chart. saw descending triangle which can go either way. Once triangle forms will check again but first predictions is short for long term. Wait for confirmation since the market should NOT EVER BE UNDERESTIMATED.
Looking at the Weekly Chart for Long term analysis, spotted a bear flag still in formation. Look for the next couple of years to swing between 113-116 levels. Downtrend is the overall result, however, NEVER UNDERESTIMATE THE MARKET. For Possible Intraday trading, I suggest looking at 1H AND 4H Charts for buying when the market opens in a few hours.Look to TP at...
EURJPY SETUP. CURRENTLY TRYING A DIFFERENT CHART VIEW TO LOOK AT DIFFERENT TIMEFRAMES TO ANALYZE ENTRY POINT FOR DAY AND SWING TRADING. AS ALWAYS WAIT FOR CONFIRMATION BEFORE ENTRY TO MAXIMIZE PROFITS. IF YOU'RE LOOKING TO DAY TRADE LOOK AT 5 AND 30 MIN CHARTS. 1H AND 4H ARE FOR SWING TRADING. OR FURTHER ANALYSIS LOOK AT D, W, AND M CHARTS. IF YOU HAVE ANY...
Bullish Pennant Forming and almost at confirmation. UNTIL CONFIRMATION DO NOT TRADE. Bull Flag showing to go upward more. Did take course of 1.5 to 2 business days to complete. Set Alert at 105.250 to start. I set mine for 105.3 since that confirmation of uptrend. Possible good pip ROI. Any questions or comments feel free to comment below.
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What's up Family! Looking into a good opportunity for a sell off on Boeing. Showing a Bearish Flag and almost finishing up signal. The flag took 10 months to form to it's current state so I'm looking into a 6-12 month play. Will check back into play in about 1-2 months unless some drastic news pops up which may happen at the beginning of the year with the COVID-19...
Another Bullish pennant setup on the D chart. With the high volatility since we're dealing with a mid major of sorts, you MUST WAIT FOR CONFIRMATION before any positions. with the pole of the pennant being relatively large expect at least half of the distance as your position and set SL at base of flag.
Saw bull flag at the end of choppy session in market. Will take a look into Friday's market 1st few hours to see if flag will breakout.
Overall expecting the market to go down based off of falling wedge. A quick push back to start off the Friday's market but will then see downward motion. Will continue to watch as the day moves on. Based analysis off of 1H chart. VERY IMPORTANT TO CONFIRM ENTRY POINTS!
WILL CHECK SUPPORT POINT ON 1H TIMEFRAME. MACD GAINING MOMENTUM ON DOWNSIDE. IF MACD STILL ON DOWNSIDE AFTER SUPPORT. MAY NOT HOLD AND GO FURTHER DOWNSIDE.
Possible Bull for Range 6-12 H. Check D, 4H, and 1H before confirming entry. Bull to Resistance clues RSI with recovery. MACD will need to confirm with positive momentum to help support case.