morshedul.sazid
Long

FALLING WEDGE PATTERN TARGETS

FX:EURUSD   Euro Fx/U.S. Dollar
1894 11 51
a year ago
Okay guys! We see a falling wedge with decreasing volume and obviously a breakout is expected followed by a close above the trend line. I have clone targets from the open face of the wedge and also the target to that price where we have seen the first divergence.
Its my target only if this trend line breaks.
Thanks.
a year ago
Trade closed: target reached
._.
a year ago
You just now realized this is a failing wedge? You a few weeks late, rofl.
+1 Reply
morshedul.sazid ._.
a year ago
:) Maybe
+1 Reply
Hoofus
a year ago
If you do not mind me asking for my own education, why is this likely to break to the upside rather than the down?
+1 Reply
cns PRO Hoofus
a year ago
Nobody else has replied so ... Statistically the falling wedge has shown itself to be a reversal pattern in a down trend. The battle tightens between the buyers and sellers while the prior trend continues, but volume runs out in the sellers eventually leading to a break to the upside.
+1 Reply
morshedul.sazid Hoofus
a year ago
Well, for the falling wedge to be valid, It needs a a close above it. Its a IF=THEN theory. If it breaks then it has a potential to fill my targets.
Thanks
+1 Reply
cns PRO
a year ago
Yeah you posted this one yesterday, nice chart - compelling. Looks like a good medium term trade but hard to pick it in the short term especially over this long weekend in the US!
+1 Reply
morshedul.sazid cns
a year ago
Thanks! Lets see what Eu brings
+1 Reply
cns PRO morshedul.sazid
a year ago
After another downside failure again today...things starting to look more and more up. :)
+1 Reply
morshedul.sazid cns
a year ago
Yes surely it does! :) we need to wait for the next week.
+1 Reply
bhai eita ki hoilo? 400 pips gain!
+1 Reply
morshedul.sazid SaifurRahman
a year ago
Ami 90% sure chilam! :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out