Wave-Trader

Chart Patterns and formation of breakout signal

FX:EURUSD   Euro Fx/U.S. Dollar
4570 60 162
Chart Patterns and formation of breakout signal
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Best example of broadening wedge
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Best example of bump and run reversal
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Best example of falling wedge
Comment: i hope this will help a lot of people
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this is how pattern works
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Nice chart, How do you determine a break of the TrendLine.
Is it a close above/below the TL or a complete candle outside the TL
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ReneK Guhanak7
It's a close of the candle above the trenline… thats your entry.
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thanks for that mate
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thank you very much, always look for breakout with impulsive candles and if break comes with corrective candles then chart may change patterns and it may put effect on patterns performance.
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Great information as usual. Well done bro
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thank you very much for your support bro
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Thanks again for your very educational post!
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my pleasure and thank you very much for your support mate
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I like your terminology for reversals at key Pivot Points > U call them "BUMP & RUN" REVERSALS!
For my own charts I am going to henceforth call them "BUMP & RUNAWAY" REVERSALS since the market literally does a complete turn at the pivot point & it runs in the opposite direction.
This is the benefit of Trading-View, we can all share our ideas with other traders! Thanks for passing along the idea!
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Wave-Trader TOP Ed.711.Schaffer
My pleasure mate. i am agree with you and Tradeview really deserves for big thumbs up.
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nice sharing thanks for posting

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Wave-Trader TOP swing-trader
thanks for sharing mate this is really a very good example of descending broadening wedge cheers
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Wave-Trader TOP Wave-Trader
we can see breakout and retest of broken structure and reversal of trend
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Very educative info
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thanks mate hope it will give you enough information for patterns identification
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qwaku Wave-Trader
sure it will bro
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thanks bro
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Nice chart !! do you think that the triangle is an inversion pattern?
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there is no triangle in this post mate there is falling and rising wedge
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Nice Post. I would call the bearish pump and run pattern 'Hit and Run'.
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thanks for the feedback
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Why with this EUR H4
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good eye mate
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snapshot
this is how pattern works good eye mate
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wallboys PRO Wave-Trader
Good trade :D
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wallboys PRO Wave-Trader
I think we can work together as team
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yup good luck for next setup mate
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This is so helpful brother thanks
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you are welcome and thank you very much for your support
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This was very helpful thank you. I removed all of my indicators last week and have been studying price action trading and candlestick patterns. I made my first trades using price action 12 hours ago and so far all of them are winners!
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Hi Wave trader! Thanks for knowledge! You have great charts and setups. I have a few questions to you) Is it Ascending broadening wedge? And could you help me with target in case of down price action? Thanks a lot, bro!
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Guerrera Guerrera
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There are two strategies. 1st called early entry before breakout, in this case you can place tight stop loss. you can see in example mate. 
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Wave-Trader TOP Wave-Trader
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Wave-Trader TOP Wave-Trader
2nd called entry after breakout, in this case your stop loss is bigger and safe than the first one and reasonable target but this is safe entry rather than the 1st one because breakout has confirmed thats why most traders do trade on breakout. you can see in example
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Hi there wave trader.

First of all, im stoked to have found your profile! your setups look killer! :)

Secondly, may i ask how you determine your stop loss and take profit for both the 1st and 2nd entry strategies?

Thanks mate! :)

Ps. you aussie? ha
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Wave-Trader TOP jordanscott.trading
my pleasure mate. it depends on structure what kind of structure is developing, for example if setup is forming within the channel then i look for target from channel trend line to channel trend line and stop loss just behind the channel trend line. and thanks for your support mate
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Thank you for the speedy reply mate!

May i ask what you studied to learn all this?

And in particular wave breakout trading?

Please feel free to add me on facebook.

https://www.facebook.com/jordan.scott.5203577


Hope to hear from you soon mate.

Kind regards,

Jordan.
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And if the structure occurs outside of the channel, like it is now in the GBPAUD you just called, what would you consider good places to place you SL and TP?

Again, i really appreciate your help mate.
Any bones you could throw me would be so very much appreciated.

Kind regards,

Jordan.
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Wave-Trader TOP jordanscott.trading
look for this formation for entry as much close to trend line as price come and stop loss just behind in the channel here is the example
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Guerrera Wave-Trader
Amazing trade) thanks!

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My pleasure mate keep it up by sharing and supporting tradingview community
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Hi,
can there be a rising wedge, which came from bullish trend, with bearish outcome? Like USDOIL is forming now?
Thank you for your time.
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Wave-Trader TOP sketchmaster
i will post that as well mate keep in touch these rising and declining wedge form against the trend i will post that which form with the trend stay in touch for further posts.
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sketchmaster PRO Wave-Trader
I will, thank you so much for doing this all...
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Wave-Trader TOP sketchmaster
you are most welcome mate and thank you very much for your support.
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sketchmaster PRO Wave-Trader
last question (reggarding this post and wedges), number ow waves is (should be) alway equal to those in your chart in this post?
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Wave-Trader TOP sketchmaster
No it is not always equal it may vary from pattern to pattern and it always depends on trend strength and where pattern is forming you can see in these examples, in GBPJPY expanding triangle forming at bottom after brodening wedge breakout which shows reversal signal hence there is more potential in this pair while in USDCHF it is formaning in the channel under channel trend line which is giving signal it may change its formation and waves may change in the expanding triangle.
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sketchmaster PRO Wave-Trader
got it, thanks
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Wave-Trader TOP sketchmaster
my pleasure mate thanks for your support
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sir can u teach me wave theory
?
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Wave-Trader TOP hassan.saeed881994
PM me
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amazing and thank you, please keep updating us on the lower time frames so to see the practical application of the structures for our learning purpose bro.
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my pleasure mate
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well done .. thank you very much
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This is just fantastic, I'm very Impressed.
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You're a good man. I've learned a lot more going throughout your page than the last two books I've read.
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thanks mate. you will only learn theory from books mate.
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thansk
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