Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for CADJPY.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
As you can see in the chart I've outlined a rising megaphone wedge. Wave 5 could produce gains of about 2500%
That would be huge. History says it's not to far fetched either. What's your thoughts please leave a like and comment below. Thanks!
XTZ - follow the trend. It seems that we are at the bottom trend line of the Rising Broadening Wedge. Though these are generally bearish patterns, XTZ may have the opportunity to reach the top part of the wedge next. To increase this chance, I noticed hidden bullish divergence on the 1D chart along with consistent market structure with higher lows.
What are your...
Remember that big rising broadening wedge that BTC broke down from but not really that hard and then came right back into it?
Well it turns out that it still hasn't been violated in the logarithmic price scale, and its support (now resistance) is really really close to where we are holding right now..
What does this mean?
Well at the very least it means that...
Remember that big rising broadening wedge that BTC broke down from but not really that hard and then came right back into it?
Well it turns out that it still hasn't been violated in the logarithmic price scale, and its support (now resistance) is really really close to where we are holding right now..
What does this mean?
Well at the very least it means that btc...
