Broadening Wedge

A beautiful broadening wedge? Seems if fit the properties perfectly. Breakout target at 124 yens. Go long around 117. Close long if it doesn't close above resistance and wait for the next swing.

I am watching for price the .83000 level. Here and only here will I look for a buy setup for this pair. If price decides to break the area then the idea will change.

Wait for retest of neckline Will it test the neckline? not sure? but it will be the best risk reward ratio setup Don't chase, wait for it

Wait for close below support to target the 2 support areas

A close below the broadening wedge would expose the bottom of the broadening wedge Great risk reward ratio trade

I WOULD ADVISE TO BE CAREFUL OF YOUR STOP LOSSES IF WE DON'T YET BREAK UP AS WE COULD BE COMING BACK DOWN FURTHER. IF WE DO COME DOWN THIS COULD GIVE US ANOTHER GOOD OPPORTUNITY TO GET IN LONG.

We have simple trendline setup and after retest of lower trendline of broadening wedge , Audusd went bullish breaking trendline. Audusd retested support zones around 0.7650's thrice and moving up withing broadening wedge ( ascending wedge), so with proper stops we can initiate longs. Feel free to leave your comments / opinions...

USDCAD provides us 3 scenarios to trade. As mentioned in the chart above, we can have breakout in any direction, but broadening wedge ideally results in Upside breakout. If USDCAD decides to go on opposite direction, we can short USDCAD with proper stops. The 3rd scenario is we have retested the previous support @ 1.3130's in USDCAD, so on Bullish confirmation we ...

For this pair I'll wait for a break out to decide my position.

For this trading I'm looking for this broadening pattern to break out by 30 pips in either direction. It looks like this support level has already become resistance but I will be waiting for a breakout to get in on it. Target 1 in is at roughly the price range of the beginning of the wedge. The second Tp is at 30 pips less than the range from the lowest candle in ...

Hey Traders! AUDNZD has completed an expanding wedge at trendline support. The support also marks the completion of a larger Gartley pattern on the Weekly chart. Happy trading! GM

Price is in the potential reversal zone for a weekly bullish bat and at point E of an expanding wedge. If price breaks out of the ascending triangle (usually a continuation pattern and sometimes a reversal pattern) it may act as a catalyst to break out of the ascending channel as well. This could mark a large reversal toward the top of the expanding wedge. Keep ...

Hey traders! USDJPY is approaching a potential reversal zone that could spark a large bullish move. A bullish bat is nearing completion near the descending trendline. Missed weekly and unhit weekly pivots sit above price. The .382 fib is also confluent with the missed pivot from last week which may signify a nice supply zone. Movement past the 1.272 mark ...

Greetings traders! AUDNZD has reached an important level. The 4H shows a nice expanding triangle that may add support near a potential point E. On the daily chart, there is strong support from a parallel channel. In addition to this, we have two precisely confluent fib levels (1.272AB=CD and 1.5AB extension). Since I'm seeing some pin rejection at the base ...

USDCHF has developed an ascending broadening wedge pattern on H4 so we look for a short after it breaks below, with 0.98000 being our first potential first profit target. Any comment is deeply appreciated and good luck with your trades!