GBPJPY is in the correction phase amid the global uptrend. The Central Bank may stop raising rates, which will predictably affect the pricing of the pound. A wedge is forming within the correction, which is an interesting set-up against the backdrop of the GBPJPY currency pair TA on the high timeframe: 1) The Japanese Yen may continue its weakening. In this case,...
Another falling wedge? Looks jumpy. I just opened a long position, yen pairs are getting stronger across the board, I like this one right now because it hasn't pooped yet. SL when daily candle closes, don't trigger it until it closes due volatility.
GBPUSD is trading in more like of falling wedge pattern and recently it seems like the sellers are bit exhausted now and the pair is started to get support within the wedge. Currently the price is forming a local support around 1.2400 region and a bullish divergence also indicating the buyers are getting ready for some serious move to upside. Will the bulls take...
OANDA:XAUUSD reverses. The price overcomes several resistances and updates the local high, when retesting the liquidity area, to 1935 If we pay attention to the high timeframe, we can see that the price overcomes the resistance of the downtrend (wedge). The daily candle on Monday closed almost at the daily high, which is a strong signal that with another...
BINANCE:STXUSDT breaks resistance amid bitcoin consolidation. Earlier, a false breakout of consolidation support was formed, which influenced the trendline breakout We see a prolonged consolidation formation in the format of a descending wedge. Yesterday, when BINANCE:BTCUSD began to strengthen on the background of weak positive news, Stack/TetherUS broke...
NZDUSD ↗️ HITTED THE LOWEEST LOW PRICE WITH A BREAKOUT FOR THE CHART 🔴 SL 0.58870 🟢 TP 0.62780 💖Good luck and thank you 💖 💖Please like, comment and follow 💖
as you can see the price has made a falling wedge which is a reversal pattern
1. Market Trend - Bullish 2. Stock Trend - Reversal 3. Reversal Pattern - Falling Wedge 4. Potential - 1:10+ RR Two Price entries are available from current levels to the pull back levels, both can be a good buy levels as per chart.
Falling Wedge Pattern for PSNY chart, Polestar In this chart analysis, it's evident that there's a potential buying opportunity if we manage to reclaim the indicated level (previous gap after Earnings). This could take 30 to 45 days, as institutional investors are not very interested in buying this stock. However, it's crucial to exercise caution and patience,...
BINANCE:RUNEUSDT gives us new prerequisites for further strengthening of the price. Another resistance retest is forming, which can break this zone on the background of local BINANCE:BTCUSD growth Several key elements are marked on the chart. The descending wedge, resistance retest, pre-breakout consolidation - all this can be regarded as a complex signal...
On the chart we can see a falling wedge. We expect the price to break the downsloping resistance line,so when it's happen we could entry for long position. After the breakout of the wedge we expect short consolidation in the green zone and after that an impulsive move to the upside.
GBPAUD is trading in more like of falling wedge pattern and recently it seems like bulls are starting to take the charge and are about to breakout from wedge with significant bullish divergence as well. Currently the price is forming a local support around 1.9400 region. Will the bulls take charge again continue for leg higher?
Hello Traders! On 17 Aug, The CADCHF Reached a Support Level ! Te Price Formed a Falling Wedge Pattern ! The Resistance Line of The Wedge is Broken. The Resistance Level (0.65750-0.65825) is Broken. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET 1: 0.65750🎯 TARGET 2: 0.66000🎯 ___________ if you agreed with this IDEA, please leave a...
GBPUSD continues to move within a strong downtrend. The price has already lost 5.3% from the high and is ready to lose more. A pattern is forming which could send the price to 1.23680 TA on the high timeframe: 1) Failure of the support at 1.25479 will form a new impulse and a new level 2) A stop at 1.24450 forms a support and 3 days later the price comes back to...
Falling wedge pattern. A bullish structure. Moving averages on this 4Hr timeframe can be seen to be very similar at the arrows placed. Suggesting that an upward move is following this second bottom that is forming. I expect if price rises to go to the red resistance line that is dashed.
BINANCE:CHRUSDT breaks the resistance of the wedge and gives us a good signal for a possible strengthening of the cryptocurrency pair while the market flagship - bitcoin makes a volume shakeout On the BINANCE:CHRUSDT chart below, I have marked the strong 25400 level. We can see that price is testing this area in a false breakout format. The problem with...
FX:EURCAD forms an interesting set-up, which in the medium term, if the right scenario is realized, can continue the previously formed bullish trend. On the chart, I noted a symmetrical triangle, which is developing within a global flat formation after a prolonged growth of the currency pair. Another resistance retest still cannot break the resistance, the...
EURGBP is forming consolidation. Two scenarios can develop in relation to the symmetrical triangle: breakout of resistance or support TA on the high timeframe: 1) A bearish trend is formed. The price forms a pre-breakout consolidation around 0.85200 2) False breakout of liquidity area, price may reach 0.85300 area in the nearest future. TA on the low...