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Sell EUR/CHF Bearish FlagThe EUR/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.9392, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.9327 2nd Support – 0.9290 Stop-Loss: To manage risk, place a stop-loss order above 0.9420. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
7
Will GBPUSD Buy?Hello traders, this is a very wonderful trade but is has some downsides to it As you can see looking at the 4h we come from a very strong uptrend. It is not yet matured that is why we don't see many pullbacks. Now we can identify the demand zone. That alone can be a trade idea on it's on but we're not done yet. We can identify that there is a well respected horizontal level here. I'm sure you've already guessed it a flag pattern My entry will be right at that red level which is where they will put their stop losses. The downside of this trade is that head and shoulders.
Long
by Linkhive001
Chart Pattern LongGood day traders, i hope you all have been well. Lets get into it, so on BTCUSD we clearly see that price has been really kind of messy but there is a bigger picture here and we'll break it down one day at a time. Firstly we saw that price has been quite bullish on the H4 before we had this mess we can assume to be a correction and because of that, with regards to possible chart patterns( bullish flag), rejection of the Support(48981.30) and the formation of a new Support at areas(57706.56-55996.83)..Buy@Support-Sell@Resistance. Thank you.
OANDA:BTCUSDLong
by madanhileeroy
USDCAD: Past, Present and FutureHi, traders Here is my idea sharing with you. Currency Pair: USDCAD TimeFrame:1D Scale: Large Past: From the past data on 1 Month time frame market is moving within a range and on 1Day time frame market is moving between Resistance 1 and Resistance 2 (previously Support) And form a poles (pattern) or Impulse (wave) Present: This days market is moving upward channel towards resistance 2 forming flag(pattern) or correction (wave) Future: After market reach to Resistance 2 Bearish Flag (pattern) then another Impulse (wave) which it will reach to monthly support zone. Stay Safe, Happy Trading Thank you
Short
by monmohon
3
Halliburton’s Potential Bearish FlagEnergy stocks continue to lag as the market anticipates greater supply and weaker demand from China. The backdrop may be creating downside risk in Halliburton, a key provider of oilfield services. The first pattern on today’s chart is the January low just below $33. Prices bounced there in June and July. They slid below in August, which may be viewed as a breakdown. A small rising channel has developed since then. Some traders may view that as a bearish flag. (Notice a similar formation in May, followed by a drop.) Third, the gap lower on July 19 after revenue missed could reflect weakening fundamentals. Next, our 2 MA Ratio custom script in the lower study shows the 8-day exponential moving average (EMA) staying below the 21-day EMA. That may reflect a bearish short-term trend. The longer-term trajectory could additionally be negative: HAL made a lower quarterly high in April versus October. The 50-day simple moving average (SMA) also had a “death cross” below the 200-day SMA in June. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:HAL
by TradeStation
US30 possible breakout to ATHWaiting to see if US30 is able to break this trend line, if it will there is a high chance that we will see a break of all time high. A perfect scenario would be price breaking that trend line, getting good news compared to forecast before NY session, and high volume after NY session open. If all these happen, price is most likely to break ATH after that. This is simple technical analysis. Once you see all these happen, try going to lower timeframes, 15m or maybe 5m to get your perfect entry. Good luck and lets see how it will play out. And remember, the simpler you keep your charts, the better the trader you will become
BLACKBULL:US30Long
by chrismogab
3
GBPJPY - SHORT: Trade Recap, 27/08/2024Bias Analysis: Daily minor swing at equilibrium and 4H trading out of Order Block. 1H range was bearish with price at a 1H Order Block well within Optimal Trade Entry. Entry Criteria: 15M protracted counter to my bias, swept upside liquidity and traded deep within the 1H Order Block before an engulfing candle printed. Grade: High Quality Valid What I did well or could do better: - Exercised patience after the first 15M TBL sweep and reversal print as we had a shallow mitigation of the order block with a 1-sided fair value gap resting below. - Observed the full picture and made a process based decision to enter, full accepting the risk. - I could've been more mindful of inputting the correct data into my position size calculator as the position was too small.
Short
by The_Modern_Day_Trader
1
WIF Looking Good — Can We Get 2.25?WIF was one of the biggest gainers last week, adding almost 40%. Based on the chart, it is likely we'll see a continuation of the uptrend. Here's why: • WIF faced resistance at the psychological $2 mark. Actually, it's not surprising after the intense climb. • Afterward, WIF entered a descending channel you could interpret as a bull flag. • Typically, a descending channel after a pump is considered a continuation pattern. Accordingly, we should see a breakout to the top at some point. If this breakout happens, the price should quickly rise toward the level of 2.25 (calculated based on the previous pole flag). Therefore, you should pay close attention to the upper trendline.
Long
by ben_walther