Simple Rising Wedge Pattern in Downtrend Breaks lower. Target $45.82
Hey traders! This one's a long shot but the risk is low and the setup fits my trading strategy. A bearish wolfe wave is complete after the trendline break was retested. The completion of E is confluent with the B-D parallel which is an indication that the pattern is complete and the trend may reverse. This reversal could mark the continued downturn of the pair...
A daily TF bearish Wolfe Wave is nearing completion on the NZD. At the same level, a bearish butterfly pattern is complete. This is also occurring near the important .618 Fib on the weekly TF. Keep an eye on this one. Happy Trading!!
GBPNZD is forming a rising wedge and has broken the low barrier. This is a good opportunity to get short toward the gap fill. Potential SL above point C resistance and TP at the .5 fib around Friday close. Happy Trading!
We recently broke the trend line of the rising wedge to the downside. The wedge formed the retracement back into previous structure and found resistance at the upper line of the descending channel. We could see a continuation of the downtrend here. I'm already short. My stops are above the previous highs @81.90's. Potential profits will be taken at the previous...
This rising wedge indicates a number of possibilities for the next movement in brent oil. Could be a trigger for a bearish move down, or provide further momentum up to the mid $50s. I think that given the views of the new Saudi oil minister al-Falih and the possible beginnings of a market rebalance following Saudi Arabia successfully pushing a chunk of the US...
The arrows shows the price movement
Good opportunity right now on USDCAD for a short trade on H1.Wait for rising wedge breakout before selling.
The Rising Wedge is a bearish pattern. Short gold when breakout support trend line is a good idea.
Hey guys! Found a Rising Wedge Pattern right here on the GBPUSD Daily chart! Soon to be completed! Watch for the breakout! What influenced my decision: -Falling volume A rising wedge should always have falling volume, this shows that there are a decreasing number of buyers, which gives conviction that the pattern will fall. -Really Strong Downtrend (both of...
Possible head and shoulders pattern forming on daily that could bring a lot of short opportunities in the near future.
I've got a few pairs on my radar this morning heading into our Live Trading Session and the $USDCAD is one of them looking at this rising wedge iinto fibonacci confluence and previous structure resistance. Other include $EURJPY & $AUDUSD while I still have current trades in progress on $EURUSD & $NZDUSD Good luck in your trading this week gang. Akil...
USDCAD is in a rising wedge pattern so ill watch for downside breakout to enter short with 1.30500 and 1.30000 as potential take profit targets.
USOIL formed a nice wedge. The price also comes to the upper border of previous consolidation area. I will watch it carefully and prepare to sell the break with SL at 49.3. TP1: 47.2 TP2: 45.9 TP3: 44 Good luck for everyone!
Sell USDTRY after confirmed rising wedge breakout.
Sell after it breaks the rising wedge with 46.5 and 45 as possible targets
Sell after rising wedge breakout on the downside, wait for a clear h4 candle close below 1.97000 with the previous high as stop loss placement. Also this strong impulsive move could continue to 2.00000 so trade with care and let the price action guide you!
2 already confirm money flow breaches in $gasl in a rising channel