FX:AUDCHF short Description in detail on the chart
A good opportunity to sell this pair after it developed a rising wedge pattern which signals a reversal and we reached a key resistance level.My first target will be 0.7550, a previous support area and 0.5 fibo.
AUD SHORT AT 1.618 EXT TOP of the Wedge, RSI Entry: 0.7661 SL: 0.7680 TP: 10 times of THE RISK, 0.7461 Lot Size Calculate: 20 pips, Risk Amount: 200 USD Trade: 1 lot Potential Gain: 2,000 USD My students are trained to write this kind of trade plan for every single trade.
NZDCAD bulls look exhausted and the pair needs a correction that could start right now with divergence supporting it.
Good opportunity for a sell on XAGUSD now or after it breaks the rising wedge with 20 in mind as a target profit.
A good short opportunity if price breaks the wedge on UK100, this is only an idea, trade with care.
Nifty is having clear rising wedge in Uptrend and they breakout downside mostly, sometimes known as " Bear Rising Wedge". But we also have GST bill passage coming week which will be major news for Nifty. There is popular adage in trading community - " Buy the Rumour, Sell the Fact ". In My Opinion, , Nifty has already imbibed the GST bill thats...
Selling EURCAD after a downside breakout of the rising wedge looks like a good idea.
EURUSD has potentially exhausted its first bullish impulse on the 15m chart. SL is placed above 4 moving averages with target at a conservative .382 pullback. Bearish Confluence: Rising wedge Possible leading diagonal 25 day EMA resistance 25 Day SMA resistance 21 Day EMA resistance 21 Day SMA resistance Bearish divergence Happy Trading! -GM
NAS 100 Rising Wedge Longterm SHORT POSITION OPENED TP1 4400 Flat
NZDUSD looks exhausted and needs a good correction and 0.73 it a perfect place for it to start!
The $GE weekly appears as a channel up coming into a rising wedge coupled with neg divergences in RSI and Chaikin Money Flow. I've highlighted notable points of support and resistance within the channel, as relative to the 200 MA and Fibonacci levels. Expecting a move back to the 61.8, and potentially the 200 MA/lower channel extreme.
Taking a short trade on USDCAD after price breakout out of the rising wedge with very good RR.
USDCAD has shown bullish momentum all week, after this bullish cypher pattern we immediately fell into a potential Gartley setup. We seem to have price rejection at the .618 retracement level, and if we can get price to push anywhere in the .618- .886 area, from our A-B fib ratio, that would confirm our C leg, and give us more confluence if it respects the trend...
USDJPY is in a rising wedge pattern which signals us that bulls are running out of strength,i am looking for sell after downside breakout with 0.382 and 0.618 fibo as possible take profits.
AFL has falling big once before on a big picture bearish pattern. Could it do it again?
Price is slowing, the 10 hours shows stalling for the up move and the current candle is indicating a reversal is happening. The rising wedge pattern supports bearish move, signalling an end of the up trend. Enter when price makes the lower low.
I'm not short, but this has potential! Happy trading.