XAUUSD CUP & HANDLE PATTERNXAUUSD is trading a Cup & Handle Pattern on its daily chart .
The price is trading above the breakout:1808.170 and approaching the 38%: 1884.238
Tartge1:
62% 1930.601
79%: 1962.026
Tartge2:
127% 2057.654
162%: 2124.224
Simmetrical
AUDUSD BEARISH FLAGAUDUSD Is approaching the floor of the Ascending Channel after completing 5 impulse bullish waves
after the 5 waves price tends to have a mayor decline in price in conjunction with a bear flag the odds for a potential breakdown to the downside is imminent,
will execute the trade after a clean breakdown of the floor of the ascending channel following with a downtrend confirmation
targets will be place at 0.69988/067616
stops in the top mid range of the channel
head and shoulders inside a simmetrical triangleon short terms swing trade there is a chance to head and shoulders pattern.
So it's berish pattern but in medium term and long therm it's still bullish rally.
If you want take some profit and set limit buy order on fibonacci retracement level. No risk of catch falling knives on short term with low leverage below 10x.
Good Luck
$USOILTVC:USOIL Con un patrón simétrico de velas continúa la suba y escala un más de 2%. Hizo doble piso en 50,67 y luego subió hasta los niveles actuales. Presenta un price action bastante parecido como si estuviese espejado con el precio anterior al 10/06 de este año. Continuará de la manera proyectada?
BTC opportunity to continue bearish trend#Bitcoin
The market forms a symmetrical triangle on a downtrend, a bearish pattern, which during a breakdown will indicate a continuation of the trend. The price should not close below recent lows on a 1-day scale, otherwise we will have great chances to see a decline closer to 3000
Possible Simmetrical triangle formation on XAUUSD...I am starting to follow XAUUSD and I have notice that before doing any big movement the price does triangles.
you can set a buy and sell stop.
Trade Of The Decade On AUDNZD !!! $$$An AMAZING long opportunity is taking place on AUDNZD very soon. The pair is about to reach the support line of a weekly simmetrical triangle in the 1.05-1.06 area. This support should do its job but the strategy will be invalidated if the price falls below 1.0400.
The historical lower of the pair is 1.0020 reached in April 2015. The second historical lower is 1.0230 reached in September 2016 and the third historical lower is 1.0370 reached in June 2017.
On the other side, the historical higher is 1.3790 reached in 2011.
Analyzing the chart, we can expect a strong rebound around 1.0550 followed by a breakout of the resistance of the triangle around 1.10.
Above 1.10 a second target would be 1.1270 then 1.1600 and probably much more.
A 700 pips profit is a reasonable mimimum target and maybe more.
Of course a strategy would be to take partial profit at key levels and reinforce the position on corrections.
