GBPJPY - Descending TriangleIf you are looking for shorting opportunity, this is 1 opportunity you have to keep a close eye on.
Descending Triangle is 1 of my favourite structure trading setup. There are 2 ways to engage it.
1. A touch of the upper trendline without closing above the trendline
2. A break and close below the support line and preferably closing below the lower shadow of the candlestick.
Breakouttrade
RBL Bank - Bullish Breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
TRXBTC is testing the weekly resistance 🦐TRXBTC is testing the weekly resistance. If the price is going to have a breakout,
According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Btc back to 50k?Current market structure suggest price is currently trading within a descending triangle with a morning star pattern indicating a very bullish move which could break above the wedge, take a little dive before continuing towards the upside. This unless of course btc has anything to say😁
POND ascending trianglePond in ascending triangle, 3 times already was rejected from 0.169, and now lies on support trendline formed with this amazing run-up. Level 0.145 seems to be the local bottom and if it's lost we could open a short position. If the price breaks this significant resistance by 0.169 we could open a long position. Good luck traders
BTC aiming up now?In the immediate shot-term, BTC is coiling up for retest 46,6k, former support, now resistance. Formed ascending triangle on 30mins chart. A good sign is if BTC goes above and holds it, but if rejected again, could be seen as a bearish retest... and not so great sign... Indicators look descent for a possible move up. Good luck traders
AUDIO descending channelLooks like AUDIO found a local bottom at 2.318, tested it twice and it bounced up from it. there is more room left in this big descending triangle formed some 10 days ago. The descending channel inside of it will be out of space in 2 days, so AUDIO will either break up or lose that support. MACD looks like it's time for some upside movement. If entering long, watch for confirmation like a break from this descending trendline RSI has formed and increased volume. Set alarms because this could take some time. Good luck traders.
AUD/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
AUD/USD: Daytrade-Preparation
Market-Buy: 0.73175
Stop-Loss: 0.73030
Point of Risk-Reduction: 0.73350
Take-Profit: 0.74090
Stop-Loss: 16 pips
Risk: 0,5% -1%
Risk-Reward: 6,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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TPX breakoutTPX made a base over base and broke out!
Fundamentally, it's earnings and sales have been growing more than 30% quarter over quarter and is expected to continue growing.
Technically, it's been in a range since March 2021. After the earnings report in July it broke out of the range and started consolidating above the previous range creating a base over base pattern. A break out of such a pattern can prove to be very powerful.
Trading idea:
* A pull back to retest the $44.50 area is likely so look for buying opportunities there.
* If you want to get in regardless of a discount now would be a great time to get in and ride the wave!
IOSTBTC is creating a pennant 🦐IOSTBTC is creating a pennant below the weekly resistance. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
ALICEUSDT is testing the weekly resistance 🦐ALICEUSDT is testing the weekly resistance, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
BTCUSDT is creating a descending channel 🦐BTCUSDT is creating a descending channel inside the daily ascending channel. We need to monitor the 0.5 Fibonacci level on the W's neckline.
According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
AVAXUSDT is testing the weekly resistance 🦐AVAXUSDT is testing the weekly resistance inside an ascending channel. According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.