aleksfx
Long

USD/CAD inside the rising wedge

FX:USDCAD   U.S. Dollar/Canadian Dollar
58 8 1
TWMLI
dojitrader
2 years ago
I don't see what you're referring too,
this chart looks like a "descending" wedge to me.
Thanks for your thoughts ~~~~
Reply
aleksfx dojitrader
2 years ago
Yes Doji in theory is falling wedge but here are not all professionals, so formulating this as rising will help them understand direction of this wedge.
Reply
dojitrader aleksfx
2 years ago
"In Theory" ???
Your sense of reality leaves me baffled !
Why do you have to be a professional ?
A 5 year old can see that price action is dropping
and not rising ~~~~~
Wishing you lots of pips in 2014 !!!!!!!!!!
Reply
aleksfx dojitrader
2 years ago
Please read carefully anchored text, I mean if you can read price action, I expect you to know reading a text:) There is no reason for you to be upset:) This is just analyses one in milion
Reply
dojitrader aleksfx
2 years ago
Yes, the text is at the very heart of the confusion.
You're telling me the wedge is rising, BUT, my eyes
are telling me that the wedge is dropping. Maybe it would
work better if you just explained that a descending wedge,
when broken to the upside, usually suggests that price action
will continue higher to the degree of a measured move.
MY APOLOGIES for being upset - confusion does that to me.
I'm done now and will no longer be a bother ~~~~~~
Reply
aleksfx dojitrader
2 years ago
I am sorry for your confusion, try to learn a bit more and it will be much clearer to you.Thank you very much for no bothering me no more because I have to trade:)
Reply
traderWgun aleksfx
2 years ago
I don't think rising means what you think it means. http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rising_wedge_reversa

good luck
Reply
aleksfx traderWgun
2 years ago
Just click play on the chart and it will come to you:)
Reply
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