I think if p.a. will break out short from the bullish rising wedge, then it falls back to minimum 50% fibo and the support area near 1.095-0.097. This is my first published idea, so feedbacks will be appreciated.
Rising wedge is under development meeting a resistance level.
Backtested underside of rising wedge today. Sneaky Bearish. Look out below.
February Gap of GU will be closing soon as the price advancing to the upper level and creating high peak and trough. The price slowly bouncing in the shallow bullish trendline and from the dow theory perspectives the minor trend showed up a bullish trend, while the primary and secondary trend are not confirmed yet to be bullish. The closing gap will generate a...
Rising wedges are bearish. This one breaks on the 8th. I'm expecting a down turn unless there is some absurd fundamental change coming in supply and demand
Price is currently in a bearish divergence and in the over bought region. We also have price in a rising wedge which could mean further bearish movememnt.
Greetings Fellow Traders, EURGBP has begun forming structure worthy of my attention, an ascending wedge. An ascending wedge typically break out in a bearish manner due to the fact that they usually occur at the tail end of an established bull trend. The targets for the wedge will be near the .75000 mark as this is where the market initially found support from the...
I opened this trade at the break but forgot to post - still time to profit. Excellent structure to create profit targets and to support the break from the wedge.
Lower trend has been broken. Pair targets 0.7064
Could this be the end of the bullish momentum? - ABCDE complete - Bearish divergence - Key resistance I wouldn't be surprised if we pushed up to 127.00 before falling.
I've just added a small short to hedge my long position and will be keeping a close eye on this one.
USDJPY has been putting in this Rising Wedge Pattern. These tend to break to the downside. The Rising Wedge is also occurring at Resistance. I'm waiting for the Break & Close out of the Wedge on the 60min before I enter. Stops - 1 ATR Above the Breakdown Bar Target #1 - Measured move of the Wedge Target #2 - 78.6% Fib Retracement You can you also use just...
A complete five wave rising wedge pattern. Price broke the lower rend which is a clear indication of downward movement.
Have short position since 1.1, so speculate what will happen next.... EURO has broken out the rising wedge and is forming the right shoulder of a larger S-H-S pattern. The right and left shoulders have similar height so it looks good to me. There might be a bounce at the neckline (around 1.08), if it is broken decisively then the price might move down to 1.05-ish.
My first time to post here, so this is mainly for my own record and practice. The NZD is in a bearish rising wedge and if it breaks down there is a potential to form a cypher pattern.
Rising Wedge breakout after reaching strong resistance.
HELLO FRIEND SIGNAL SELL FOR EURUSD BASED ON RISING WEDGE AND NEWS ECONOMIC FEDERAL FUNDS RATE FOR LONG TIME . THAT TO MY OPINION HAVE MOVE TO 1.06045 GOOD LUCK .