Gold Buy?Gold is currently stuck in a rising flag pattern, as it stands price has sort of broken through the top trend line of the flag. It also seems to have retested the resistance as a support, which is the ideal confirmation of the breakout of the pattern. Lets see how this 1hr stick ends, if we get a good bullish stick its a buy, if it cannot close bullish and below the resistance line, we should wait to confirm the direction of the market
Flagformation
USDJPY I It will fall from resistance zoneWelcome back! Let me know your thoughts in the comments!
**USDJPY Analysis - Listen to video!
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HDFC BANK, GREAT FLAG PATTERN!!a great formation has been formed by hdfc stocks.
its a great bullish pattern, and as i have mentioned the waves, and the trend of waves, a long back in one of my idea(linked it below), the stock is following in the same way. it yet needs to go up by 10%, there is 3rd wave pending, and stock will go up soon.
but the risk part is that bank nifty, has been very overbought position, and it yet needs to be falled about 7%, i will bring a detailed analysis, in further coming ideas. but yet, this risked, is hedged, by the fall of SBI & ICICI banking stocks. this 2 very stocks had kept bank nifty at its ATH.
bank nifty will trade between the range of 43000-40000. its just that it needs to come to its major trend, since now it is in an overbought position.
yet this range will be maintained by great weighted bank nifty stocks, like hdfc bank, icici, kotak and sbi.
LAST POINT: have a look a volume bars too, for month, week and day time frames.
so i am bullish on hdfc bank as of now for this month.
(below i have just dropped some idea links related to banking sector for your own analysis).
BESI again in a bull flag.BE SEMICONDUCTOR INDUSTRIES - Intraday - We look to Buy a break of 64.52 (stop at 61.24)
Daily signals are bullish.
Our short term bias remains positive.
Price action is forming a bullish flag which has a bias to break to the upside.
64.38 has been pivotal.
A break of the recent high at 64.38 should result in a further move higher.
The primary trend remains bullish.
Our profit targets will be 72.42 and 74.42
Resistance: 63.00 / 64.50 / 66.00
Support: 60.00 / 57.50 / 55.50
Disclaimer – Saxo Bank Group.
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EURNZD I Swing Upward 150 PipsWelcome back! Let me know your thoughts in the comments!
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EURCAD I Best place for a LONG!Welcome back! Let me know your thoughts in the comments!
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GBPAUD I Potential +250 pip upside Welcome back! Let me know your thoughts in the comments!
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CABA swing opportunity long on flag pattern breakout CABA stock was traded on a heavy volume few days ago and is continue to consolidate at $1.80 level forming flag pattern
any breakout of the flag pattern on a decent volume could lead to a new stock target price of $2.30. Great set up for swing opportunity NASDAQ:CABA
EUR/CHF almost back to parity; Flag targetJuly 5th was the last time that EUR/CHF traded at 1.0000. The pair traded lower in an orderly channel until the pair broke above it on August 29th near 0.9629. EUR/CHF then hugged the top trendline of the channel, while still moving lower, making a local low at 0.9409. Since then, the pair has been moving higher in a flag formation. On October 13th, EUR/CHF broke out of the flag pattern. The target for a flag pattern is the height of the flagpole, added to the breakout point of the flag. In this case, the target is near 1.0015.
EUR/CHF has been moving higher 10 of the last 11 trading days, including today. If price is to make it to target, the first resistance is the 50% retracement level from the highs of June 9th to the lows of September 26th at 0.9962. Above there, resistance is at the psychological round number level of 1.0000. If price makes it to the target and continues higher, the next resistance level is the 61.8% Fibonacci retracement level at 1.0092.
However, notice the RSI has just moved into overbought territory, indicating that EUR/CHF may be ready for a correction. If the pair does correct, the first support level is the low from October 12th at 0.9644 and then the September 26th lows at 0.9409. If EUR/CHF breaks below, there is no support until the lows from January 2015 when the SNB dropped the 1.2000 peg to the Euro, near 0.8630!
If EUR/CHF can’t make it above parity, watch the RSI. If it is still in overbought territory, the pair can fall to 0.9644 quickly!
GBPJPY I Risky short from resistance zone 80-100 PipsWelcome back! Let me know your thoughts in the comments!
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EURCHF Short from Resistance 80 pip potential gainWelcome back! Let me know your thoughts in the comments!
**EURCHF - Listen to video!
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EURCHF Local buy opportunity! Step by step breakdownWelcome back! Let me know your thoughts in the comments!
**EURCHF - Listen to video!
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Learn How to Trade Flag Pattern Formation | Full Guide 📚
In this video, I will teach you how to spot and trade flag pattern.
We will discuss theory first.
Then, I will share with you real market examples.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURCAD Follow the Structure! LONG!Welcome back! Let me know your thoughts in the comments!
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GBPUSD JOURNAL FIRST WEEK OF OCTOBERHi pips hunter, i'm glad you all made a profitable setup last week.
I'm using fibo line to get price pattern range area (reversal / continuous), I find out that the price is on reversal range. H1 shows there's a reversal pattern ( QM ) at SNR. The price haven't break the resistant line (QM head) yet.
If the price react with the parallel channel , price may change to flag pattern as the price will continue upward. Also, if the price break the resistant which held QM pattern, this setup may fail.
Current market trend is downtrend.
EURCAD Potential retrace and upside Welcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
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