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Pennantbreakout

EURGBP: market to decide next trend?EURGBP seems to be very well represented by this pennant. After a very strong up-movement, the price seems to have less volatility, testing several times the key-levels defining the chart patterns. Also the setup with the moving averages shows that the direction of the market is not clear recently and we might have a breakout in any direction. In this situation, it makes sense to have two stop entry orders: one above the pennant, waiting for a bullish breakout; one below the pennant, waiting for a bearish breakout. In this situation, I prefer to stay out of the market for now and decide what to do in case I see a strong breakout.
by FedericoSellitti
2
ENJ/BTC possibly forming next LEG UPENJ/BTC after strong fundament formed pattern bullish pennant , which is known for a bullish breakout out of it. I really like how the consolidation confirming BK231 as a support at 1D candles and the volume is moving down to the apex . RSI is ready for a bigger move and MACD + Histo showing first buys at 4H . First 2 sell levels looking very possible if bullish scenerio will happen , but most likely will be selling ENJ between 1700sat and 1900sat . Turn on allerts on the trendline and long it if you see confirmation on a smaller Time Frames or gaining strong volume . Don't FOMO , buy before it :)
Long
by Tradify_Seb
TSLA Confirms Higher Trading Range, but Expect a near term Sell!Likely return to volatility within Range C. Recent drop places 200-Day below current level, possibly causing a retest of $250-270. Likely more buying opportunities as many ring the register but this Earnings based confirmation of the Range C trading levels confirms the long with enough volatility to trade it. China Gigafactory, improving trade deals, etc, many reasons to trim here but stay long with a rebuy at $275.
NASDAQ:TSLALong
by TenaciousH
US 30 Two Roads Diverge in Woods: Which Path?Chart shows all. Got a channel with pennant forming near bottom TL. Approaching tip of pennant, must break one way. If break is up, can go to 29K by Jan 2020. If down... bottomless pit. Foolish optimism on trade driving another huge gap; is it an Exhaustion Gap? Or Gap & Go? If Initiation Gap, then we gonna get a breakout; but all gaps fill eventually. R/R so terribad atm, IMO best position is sitting out. Not losing is way more important than possibly winning; preserve your capital! Fake 'Opportunities' lost are nothing lost. This isn't advice; trade at your own risk: GLTA!
DJ:DJI
by DaddySawbucks
USD/TRY is forming a second pennant move We can see on the half hour graph that USDTRY is forming a second pennant formation. We have to wait and see other indicators to support this move such as Parabolic SAR and RSI. Moving average is crossing the bollinger middle band as I'm publishing this. Volume is getting higher in each stick forms. Also bollinger bands narrowed down for a move. Target of this pennant will be around 5,81 This morning price made a false break of pennant support. Just like it did on the first pennant formation. And the steep uptrend started right after this false break. Most probably that false break stopped many people's trade.
Long
by Emrut
CAD/JPY: Daytrade-Opportunity# WEEK 34 Nr. 10Hey tradomaniacs, welcome to another free signal! How to trade: 1. Wait for the breakout below the trendline and watch the retest carefully. 2. If we reject and bounce off you can sell. 3. If we see a fakeout - Don`t trade! ----------------------------- Type: Daytrade Sell here: 79,884 Stop-Loss: 80,214 Target 1: 79,508 Target 2: 79,299 Target 3: 79,175 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
3
Trade Ideas Educator: GBPJPY PennantAt this moment GBPJPY is at the sell zone, having that said on the 1-hourly chart(left) the market has breakout towards the upside of the consolidation pattern, the pennant which happens to be 1 of my favorite setup. If the market breakout to the upside where is it most likely to go? The tip of the sell zone and the bearish shark entry price. What's your trade plan on this? Comment down below. Personally, I'm going to wait for a retracement on the 1-hourly chart(left) back into the buy zone and with for RSI Divergence for a long opportunity.
Long
by RaynLim