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Pennantbreakout

EURJPY 123.703 - 0.01% LONG IDEAGood Day Everyone here's a long idea on the EURJPY pair, whereby we've seen the pair rise to 13-month high in the last couple of weeks . . . the pair is currently ranging in a pennant formation which could possibly signal continuation to the upside, the pair has also been in a uptrend for a couple of weeks now hence i will be looking for long entries in the pair. Target - 124.96 FIB EXT (2.618) SL & ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING
Long
by PULEMokhothu
Flag pattern and Volumewe have a perfect pennant after a sharp move, but pay attention to the volume when the price inside the pennant is going down in compare when it's going up. Here the volume says that sellers are more aggressive and stronger than the buyers and there is small chance for bulls... But as always, the market is unpredictable and volume burst on either side will be you trading signal...wait patiently and check my YouTube channel for learning and improving your skills. (channel link is on my profile page).
by UnknownUnicorn7658739
USDZAR 16.94610 - 0.29% SHORT IDEA MULTIPLE TIMEFRAMESGood Day Everyone Here's a look at the USDZAR pair from a multi-time-frame view MONTHLY * Starting with the monthly time-frame we see the pair respecting the Fibonacci retracement structure, we saw a rejection just below the 50 % fibonacci level pushed up to 38.2 % fibonacci level now we are having a strong bearish move on the pair looking for continuation of the move to the downside targeting thhat 50% fibonnacci level ( 16.62489) so from the monthly perspective the sentiment is bearish for me. WEEKLY * Coming to the weekly the sentiment is still the same we trading between 38.2 % & 50 % Fibonacci retracemnt levels on a bearish momentum the pair is in a descending channel which just retested the roof of the structure and was rejected pushing down and the channel holding thus far so the sentiment still bearish on the pair.. DAILY * Moving down to the daily chart the pair is still trading in that descending channel we also see a pennant formation which might signal continuation to the downside. looking at bearish opportunities on the pair for continuation of the move targeting resistance level 16.30190 Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET 1 - 16.6115 TARGET 2 - 16.30190 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
CBAT EV PLAY "CBAK Energy Technology, Inc. engages in the development, manufacture, and sale. of lithium ion rechargeable batteries. It offers aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell, and high-power lithium battery cell. Its products are used for electronic vehicles; light electric vehicles ; and electric tools, energy storage, uninterruptible power supply, and other high power applications. The company was founded in August 2001 and is headquartered in Dalian, China." Recent PR 11:22 AM EDT, 06/29/2020 (MT Newswires) -- CBAK Energy Technology ( CBAT ) , an electric energy solutions specialist, said its China BAK Asia Holdings signed a framework investment agreement with Jiangsu Gaochun Economic Development Zone Development Group for potential lithium battery projects. Through the deal, the CBAK unit aims to develop certain lithium battery projects with a capacity of 8 gigawatt hours, with Jiangsu Gaochun to provide various forms of support to facilitate the the projects' development and operation. No financial terms were disclosed. Price: 0.84, Change: +0.10, Percent Change: +13.51 In at .81 looking for break of .9 PT1 1.02 PT2 1.18 PT3 1.88
NASDAQ:CBAT
by Crispier-Bacon
Important Day for GoldGold seems still moving around the movement from on 8 April to 18 May It is consolidating until now it will decide, back to the triangle or continue the bull movement Here is my idea for gold 1. We will long tomorrow if the price close above 1746 - 1750 for today to confirm that this is a legit breakout 2. Chart pattern suggest that gold is on its bull pennant pattern, so my bias will be bull if no 1 happened. 3. If number 1 not happened, we can wait to buy at the bottom trend line of pennant or retracement for 0,38-0,61 on fibo 4. I will update the analysis if the price sets in my buy criteria
FOREXCOM:XAUUSD
by INVESTCADEMY_ID
Bearish week ahead for CADCHF?Over the past weeks we've see CADCHF bearish and this past we it was the same just with low volatility and liquidity. The pair made a ascending pennant pattern before the sellers pushed for a breakout to continue the bearish moment. We might see the same sellers looking to push the price further down this week. Thanks for viewing. Comment with your thoughts I'd like to hear them. Disclaimer  the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. 
Short
by Mancoba_Thabethe
US500 3044.3 -0.48% LONG IDEA GOOD DAY EVERYONE... HERE'S AN IDEA ON THE S&P500, U.S STOCKS OPENED LOWER TODAY PROBABLY DUE TO INVESTORS BEING CAUTIOUS WITH EVERYTHING HAPPENING IN THE U.S - COUNTRYWIDE PROTEST AND THOSE TENSIONS BETWEEN THE U.S AND BEIJING. > ON FRIDAY U.S STOCKS FINISHED SLIGHTLY HIGHER AFTER PRESIDENT TRUMP ANNOUNCED AGAINST CHINA IN RESPONSE TO NEW LEGISLATION THAT WEREN'T THREATENING TO THE U.S ECONOMY AS INVESTORS HAD FEARED. > US500 IS STILL TRADING IN THAT ASCENDING CHANNEL WE SEE A FORMATION OF A PENNANT, LOOKING AT TWO POSSIBLE SCENARIOS ON THE STOCK. > IF WE BREAK ABOVE THE PENNANT LOOKING FOR LONGS ON THE STOCK AND A BREAK BELOW LOOKING FOR A RETEST OF SUPPORT LEVEL 2988.7 ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING
ULong
by PULEMokhothu
USD/CHF Price Action Pattern OPPORTUNITY!!Hello Everyone, Here we have very well pennant pattern sample on #USDCHF. If price breaks to the upside of pattern, we can look forward for long position, If breaks reversely then short position is also possible with nice rewards. On Daily Chart , trend is up, so mostly we will see the pennant broken out through upside, according to the normal behavior. After breaking of the pennant, please look at for more verification and after taking profit-1, it is strongly supposed to bring your stop loss to the break even point. Please note that the ideas are not a recommendation for trading !Good Luck!
by Happy-Lion
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