At this point, one can see that there are a number of WEDGES that are part of the overall MACRO (Ascending Triangle? to be confirmed) formation. As such, don't overstay your welcome with the recent, or 3rd Wedge formation as we have observed that people are prepared to go shorter than usual. Close up on the current wedge, behaves within the fib levels...
For the past 2 weeks, many traders have tried to join the uptrend on USDJPY. Is it still a good idea? Maybe not anymore. The chart analysis on the M15, shows that we just had a breakout of a rising wedge that seemed to be very strong. Not going to trade with any short position, but I will not even plan long positions for this week.
Entry : 116- 119 ( or wait for breakout ) Stop loss : 113 Target : 5% to 30%
Its Quite self explanatory and i just came up with new Theory today . A hand up is for buys and hands down is for sell. :P sorry if its lame
SPY looks to have created an ascending wedge that started back in January of this year. Based on global economic conditions and recession indicators, it looks like there will be an aggressive sell off. Companies have started spending less although debt is cheaper than ever. I assume big players in the markets are stepping out before a bigger sell off emerges.
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !
Hey tradomaniacs, welcome to another free signal! How to trade: 1. Wait for the market to breakout the falling wedge. 2. After the retest, rejection of the triggerline and falling Wedge you can buy. ----------------------------- Type: Daytrade Buy here: 0,67630 Stop-Loss: 0,67509 Target 1: 0,67845 Target 2:...
It's just a simple analysis, no one can predict the market! Always Trade your plan.
Price Action has presented itself a continuation of bearish momentum which is logical since we have Bearish Confluence in HTF (Higher Time-Frames). I feel like it is too late to hop onto this bearish breakout, therefore i'm speculating price to move to attractive key levels of structure. I'll be looking for bullish opportunities back to Previously Tested...
Key has now confirmed a bullish divergence and approaching towards the end of a longterm wedge which can be seen on the daily time frame.
EURTRY Target Price 6.58424
USDTRY Target Price 5.98041
HI BIG PLAYERS, in this chart I testing my Wolfe Wave Autolines indicator. Test 5 The other tests, you find on my profile. The risk-return-ratio are here 1:7. King regards NXT2017
Despite what most others are saying, I still a move in the direction of the current bull upwards trend thats been going on since April 3rd. My fib retracement tracks from the 7210 level. That being said the current trading ranges are respecting it quite well. I'm waiting till we break one of two levels next to decide what trades I'm taking next with bitcoin. 1)...
OANDA:GBPUSD GBPUSD in a clean little ascending wedge, with long-term bearish bias and short term bullish bias - On the daily, theres some recent clean and strong bullish price action and on the weekly theres a strong bullish candle forming. To time a better entry, make sure to get on to the lower timeframes. Anyways guys, good luck and don't forget to trade...
With the $ES and $NQ rebounding off the 200-dma and at the 61.8% retracement level, the big question is this another BTFD moment or part of a bigger move down? The $RTY might provide a clue here with a breakdown from a wedge and a retest of the wedge lower boundary which is also marked by a SSR resistance. Odds are for a CD leg down for the Russell 2K and...