The AUD has broken out of this wedge after confirming a partial decline and is now confirming the breakout level as new potential support if we can get some follow though we may at the very least see the 88.6 retrace to the upside.
We are breaking out of this descending broadening wedge after confirming a partial decline our logscale target takes us up above 1 cent to the 1.618 fib extension. this trade requires me to risk 60 percent of the position size so im not putting anymore than a thousand dollars into it.
BCH is forming an ascending broadening wedge and can break down anytime
To catch this trade we have 2 possibilities
1) We get confirmation that the pattern is a valid one once support trend is broken and we can place a short order
2) We retrace to one of the horizontal support levels and get a rejection, this would imply a partial decline and we can place a...
BCH is forming a descending broadening wedge
We have to wait for a close above resistance trend line to place a buy order
Though i expect a rejection here followed by the formation of a partial decline which would be even more interesting to buy since partial declines predict the breakout direction (upward) and works 79% of the time
TP as shown in the graph
I see descending broadening wedge on BTC and it might be forming the partial decline which would trigger a long position
We have to wait for reversal candle in the buy zone
TP as mentioned in the graph
BTC/USD is forming a broadening bottom
The performance of this pattern is not the best but the partial decline does a good job of predicting an upward breakout
TP's as mentioned in the graph
BCH is in a broadening descending wedge, price touched the bottom trendline 3 times and is now forming a partial decline so we can expect an upward breakout
SL and TP as mentioned in the graph
