EURCAD: Classic Trend-Following Trading Setup 🇪🇺🇨🇦
Look at a price action on EURCAD.
After a strong bearish movement, the price started to consolidate
within a horizontal parallel channel on an hourly time frame.
A breakout of the support of the channel is a strong bearish signal that
signifies, a highly probable bearish continuation.
Next support - 1.4902
❤️Please, support my work with like, thank you!❤️
Flag
REEF/USDT: LONG SCALP SETUP!!Hey everyone!
If you're enjoying this analysis, a thumbs up and a follow would be greatly appreciated!
REEF looks good here. Breaks out from the bull flag like structure and currently, retesting the flag. Long some here and add more in the dip.
Entry range:- $0.0051-$0.0053
Targets:- $0.0058/$0.0064/$0.0069/$0.0073
SL:- $0.00482
Lev:- 5x
What are your thoughts on REEF's current price action? Do you see a bullish pattern developing? Share your analysis in the comments below!
Gold eyes 2700 with potential bull-flag breakoutGold futures look set to have another crack at 2700 over the near-term, given the strong rebound from the 2650 area on Tuesday and the tight bull-flag pattern developing on the intraday chart. Whether it can simply break to a new high is likely down to whether tensions in the Middle East escalate further.
BAC Major Trend Break + Bear FlagBAC recently broke below its major uptrend from the 2023 low. It's been consolidating below and forming a a bear flag. On top of bad technicals, Buffet is unloading his stake like there is no tomorrow. The balance sheet looks horrible as well. These are not reasons to buy short dated puts. This is one you'll want to let play out over time.
Either way, if it does break below this bear flag we should see continuation down to the prior swing low around 35. Next target after that would be the flag pole target and 2021 lows which is also a psychological number around 30. That would be a huge drop if it gets there, it would take some time most likely. If it can't hold there, final long term target is going to be the 2023 low around 25 for me. My targets turned out to be about every 5 dollars down, interesting and that makes it it pretty easy to follow as well.
Explosion coming (only if you have the patience) Monthly timeframe. Consolidating within a bullish flag for more than a year. I have a long position, is not too late to join the party. It might take a few more weeks or not but I'm waiting patiently. The TP shown is very conservative, I think is going to 14 or even more. But let's see first some price action.
MSFT, GS: Bull Flags in Blue Chips?Some major stocks have done little as the broader market hits new highs. Today’s idea considers two members of the Dow Jones Industrial Average where some traders may see potential upside signals: Microsoft NASDAQ:MSFT and Goldman Sachs NYSE:GS .
The first pattern on both is the tight pullbacks after rallies. Those may be viewed as bull-flag continuation patterns.
Next, both are trying to hold above recent weekly highs. Is old resistance becoming new support?
Third, rising MACD on each chart could indicate bullishness in the short term. They’re also above their rising 21-day exponential moving averages.
Finally, inside days this week may suggest that near-term weakness is fading as a new month and quarter approach.
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.
Bitcoin — Be Bullish But PatientBitcoin is starting to look quite bullish.
On lower time frames we have an uptrend. Higher highs and higher lows:
Also inverse head and shoulders. For my brain it's easier to see it on an upside-down chart:
On the higher time frame we're still in a consolidation though. It is important to be ready for more sideways movement and short-term swings. Or we can get a breakout in just a few days. Who knows?
69K is currently the most important resistance and, once broken, is likely to become a point of no return.
EURAUD new bearish expectations after todays EU events
EURAUD strong bearish in last peirods, currently after todays EU events we can see EUR is start weakening more.
Currently price action visible BEARISH FLAG pattern, its breaked and we can see strong momentum.
From here bearish continuation till next zone expecting
TP1: 1.59650
TP2: 1.58650
STXUSDT BUY OPPORTUNITYSTXUSDT has formed a giant bullish pole and flag pattern. Within this larger structure, we've identified an internal bullish continuation pattern, also a pole and flag, which has achieved its projected target. We have outlined a strategic buyback area, named the accumulation zone, which should act as a strong demand area for the coin. This setup requires maximum patience, but it promises significant rewards as indicated on the charts.
Premium Analysis (BTC against GOLD)An inverse H&S has been formed and retested in the neckline, so I spect a good upside momentum these days (at least until H&S projection reaches its objective), which is in line with market sentiment right now.
But remember, we can't say we are bullish until we make a clear break of 70k USD.
UNITDSPR Breakout, Long for IntradayUNITDSPR Breakout closing in 15 Min. chart, Rectangle/Flag & Pole pattern breakout.
Daily Trend is also upwards
Wait for the retracement then can go for long position.
Question : Why wait for retracement?
Ans : Already made 8 green candles, there is a high probability that a red candle can be formed only then we can see the intensity and exact seller price.
If sellers are strong then it can be a breakout fail or if buyers are strong then that red candle will be act like a small stoploss/better price place for Buyers.
Note: This is just an analysis wait for the price to confirm.
Disclaimer :
Always follow Risk to Reward, because this is the key to success in this business, no matter how much good a trade is looking, we never know the future.