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Patterntrading

PLTR! Swing Trade IdeaPLTR, Great pattern with future Coming breakout. Easy 50%+. Awesome risk and reward Ratio as well. If you do options can be a great %. Falls In our research on swing set ups with a good ratio of Risk and Reward. As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio. Subscribe and don’t miss out next research. Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains. Thank you for the Love, I really appreciate those likes, makes a difference.
PLong
by JhonMontana
EURUSD - LONGHello traders. Here i am looking at the EURUSD and we have been down trending for sometime now. We have rejected the 1.15500 and created a W formation at that price level. We have now broken above the 200 MA and we are sitting at the 1.16 price where we are creating a pattern to go long. The 1.16 price Is a High Volume area where we could see a big push away from this area. If we break long there is plenty of thin volume for us to quickly move through to the next order area. This could just be a correction up to the 1.17500 price where we can see a High Volume area also happens to be the 50%/61.8% Fib area. If we do not break long straight away I am looking for a fake move low back to the 1.15500 price and if the price holds then we have failed to make a lower low, and that will give me a good entry to go long. We also have the DXY which is negatively correlated with the EURUSD and we are seeing that the dollar is matching up with my analysis on the EURUSD. This is a swing trade, and ill be looking to take this long until i see a solid reversal back short, But my next target price is the 1.17500. Safe trading!
ELong
by HonestFXTA
Good Entry for EURUSDGiven the current situation, EURUSD has been on a downtrend. In the chart above, I have two lines at the top, both acting as solid resistance. You might ask "Dude! Why two lines?" Between these two lines is what is called an Area Of Value (AOV). If the price is to break through the first line and enter this AOV, we can comfortably take a short position and hold it until it touches the all-important 1.18000 support. Furthermore, I have highlighted the point of entry that I believe will be crucial. There have been false breakouts earlier, and it is likely to happen again. Should the price touch the first line, you can either hold back a little to see if it continues upwards and touches the second line, in which case you can execute a sell order. If it is a false breakout, you can place a sell order just a little under the entry position, and that should further confirm your position once a bearish candlestick shows up.
Short
by sohrabkhanlive86
XRPUSDT: triangle pattern broke to the upside, LONG OPPORTUNITY?XRP price today is $0.718515 USD , down 3.32% in the last 24 hours, with a 24-hour trading volume of $2,449,258,622 USD. On daily chart we can see how the descending triangle pattern started forming in May just broke to the upside testing the first resistance level at $0.78, where it got rejected. Now a pullback retesting the previous support at ~$0.66 is expected, and this can be a good entry opportunity for long trading. Following the triangle pattern , the aimed target should be $ 1.17, but personally I don't believe it would reach it in the short term, therefore I would set many "taking profits" at the previous resistance levels . RSI on daily chart is decreasing and is now headed to test the previous resistance identified at 46.6 level This is the reason I believe price will suffer a pullback up to $ 0.66 level, before rising again, range which corresponds also the the EMA of Keltner channel (on daily chart ). If this will happen, this can be considered a confirmation for going long as historically, whenever price broken the upper level of the channel immediately a pushback happened to the EMA level before retesting the upper boundary. MACD still looks bullish on daily time frame and Keltner channel is becoming thinner and thinner, a sign that volatility is decreasing. This usually happens before a big move to the upside. TRADING POSITION: Long ENTRY PRICE: < 0.66 TARGETS: 0.77 / 0.84 / 0.87 / 0.95 / 1.01 / 1.08 TARGETED PROFITS ARE HIGHLIGHTED IN THE GRAPH STOP LOSS: $ 0.58 While on daily chart the price looks bullish , on 4h chart we can see how MACD is under the trendline, price therefore is under the EMA of the Keltner channel and is now decreasing headed to test the lower boundary of it, this corresponding to the spotted entry price. Therefore, 4h chart allows us to understand with more certainty that price will suffer a decrease before our long targets being reached. Moreover the lower boundary of the channel on 4h time frame corresponds to the EMA on daily time frame, a possible confirmation that price won't go under that level. Let's see if XRP will perform as expected. For more ideas like these, please follow us on our social medias as well!
Long
by vf_investment
XRPUSDT: triangle pattern broke to the upside, LONG OPPORTUNITY?XRP price today is $0.718515 USD, down 3.32% in the last 24 hours, with a 24-hour trading volume of $2,449,258,622 USD. On daily chart we can see how the descending triangle pattern started forming in May just broke to the upside testing the first resistance level at $0.78, where it got rejected. Now a pullback retesting the previous support at ~$0.66 is expected, and this can be a good entry opportunity for long trading. Following the triangle pattern , the aimed target should be $ 1.17, but personally I don't believe it would reach it in the short term, therefore I would set many "taking profits" at the previous resistance levels. RSI on daily chart is decreasing and is now headed to test the previous resistance identified at 46.6 level This is the reason I believe price will suffer a pullback up to $ 0.66 level, before rising again, range which corresponds also the the EMA of Keltner channel (on daily chart ). If this will happen, this can be considered a confirmation for going long as historically, whenever price broken the upper level of the channel immediately a pushback happened to the EMA level before retesting the upper boundary. MACD still looks bullish on daily time frame and Keltner channel is becoming thinner and thinner, a sign that volatility is decreasing. This usually happens before a big move to the upside. TRADING POSITION: Long ENTRY PRICE: < 0.66 TARGETS: 0.77 / 0.84 / 0.87 / 0.95 / 1. 01 / 1.08 STOP LOSS: $ 0.58 TARGETED PROFITS ARE HIGHLIGHTED IN THE GRAPH While on daily chart the price looks bullish , on 4h chart we can see how MACD is under the trendline, price therefore is under the EMA of the Keltner channel and is now decreasing headed to test the lower boundary of it, this corresponding to the spotted entry price. Therefore, 4h chart allows us to understand with more certainty that price will suffer a decrease before our long targets being reached. Moreover the lower boundary of the channel on 4h time frame corresponds to the EMA on daily time frame, a possible confirmation that price won't go under that level. Let's see if XRP will perform as expected. For more ideas like these, please follow us on our social medias as well!
Long
by Lari_Pen
LSCC forming an ascending triangle!LSCC broke the decade long resistance of $41.31 in November of 2020 and has used that price as support since. After breaking its all time highs from the 2000's LSCC has been forming an ascending triangle. As we can see LSCC was recently rejected from the $57.60 to $58.38 range which were it's recent highs and it has been using the white trend line as support. Semiconductor stocks are hot right now and with earnings coming up LSCC may be making a break for it sooner rather than later. Fundamentally: * LSCCs earnings per share is expected to grow over the coming year * It has been performing really well with an 83.63% growth over the past year. Technically: * Seeing the rejection from its highs, it seems like the stock may revisit the $55 or $55.40 price before making higher moves. So look for buying opportunities in that range if you're looking for a discount. * If discounts aren't your thing, look for a buying opportunity following a daily close above $58.38 * On the contrary, a close below $55 could send the price lower to retest the support of the ascending triangle. Which would be an even better discount given how well semiconductor stocks are doing. Target: * If the pattern confirms and the breakout takes place, the target for this break would be in the $77.60 area.
NASDAQ:LSCCLong
by HaseebKhan_90
EDU | Concave Upward - The world shall call this as #CODIn economics, the law of demand states that the quantity demanded and the price of a good or service is inversely related, other things remaining constant. Therefore, the demand curve will generally be downward sloping, indicating the negative relationship between the price of a good or service and the quantity demanded. We're mentioning about demand, so you know we aim for a bullish trend to happen after. ** NB : Please not that this chart represents movement that already happened during mid April 2021 to the first week of May 2021. However, soon we will post another setup that looks very identical to the one in here. We aim to educate by showing knowledge that can help traders' journey along the way.
SAXO:XAUUSDEducation
by INVESTINU
STCUSDT possible descending triangle breakoutStudent coin is currently trading outside of a descending triangle and above the Ichimoku cloud on the 1 hour chart with a possible breakout to the up side if it can break through the 50 EMA on the 4 hour chart or 200 EMA on the 1 hour chart. Strong support has been maintained at $0.015 for 2 weeks and should continue to maintain unless bitcoin has further corrections to the downside. Using the Fibonacci a possible target at $0.02 can be found with further upside towards $0.022 if the secondary descending triangle can also be broken. Please note: This is not financial advice. Do your due diligence when trading and trade at your own risk.
SLong
by Adam199
1