Wedge Patterns are a type of chart pattern that is formed by converging two trend lines.
Wedge patterns can indicate both continuation of the trend as well as reversal.
Rising Wedge- On the left upper side of the chart, you can see a rising wedge.
Rising wedges usually form during an uptrend and it is denoted by the formation higher highs(HHs) and Higher...
I use Alligator as a dynamic Support/Resistance.
I use trendline to confirm the medium term of trend.
and its work! :)
when the price running below the Alligator, i will hunting the point to make a Sell transaction, i will open Sell when the price make a new Lower Low.
and its done, price go down :)
Happy Trading All :)
Eur/Usd has no clear direction as of right now but past experience and past knowledge tells us when price is moving up and then enters a area of value or consolidation , many times price will move up, however... this pattern is not leaning down or up! This is a rectange! Price could go either way!
We trade the breakout of this area to the upside or downside with...
This is not meant to be a signal or a trade idea! This is a long term analysis of Eur/Usd using a Weekly Time Frame With A Line Chart.
So as you can see, Price broke Support and Came back up recently to Retest WEEKLY SUPPORT NOW TURNED RESISTANCE.....
This gives me the idea that the EXTREME LONG term bias toward Eur/Usd will definately be down into the next major...
Swing Analysis according to G.W.T. are the best in predicting next swing direction. Price by its self will show us where need to go. Going from Daily trough H4 down to one-hour chart you can very easy see how clear and simple is to predict direction of the next swing and trend direction.
Also pay attention to Momentum – power behind price movements.