Gold managed to form the Falling Wedge pattern , but this pattern was NOT completed and failed. 4 hours ago gold candle managed to break the Lower line of the Falling Wedge pattern and the Support line . 📚In general, when a reversal pattern fails, this pattern becomes a continuation pattern, so the Failed Falling Wedge pattern can also be a 💡 sign 💡 of...
The Graph Broke Out of the Channel We Are waiting for The Resistance to be Tested AND Take our SELLS UNTIL IT COMPLETES THE 90% RULE.
↪️XAUUSD attracts fresh sellers as the pair broke and close below a horizontal support zone, now resistance which made me more bearish biased. Meanwhile, after the retest of the resistance, Gold price might experience more bearish pressure as bears eye 1880, await US inflation clues and Feds Powell-confluence detector...Trade safe 👍✅
We just broke Resistance 1, but there is another Resistance 2. Even for Resistance 1, it could be a Fakeout. As per the Wedge that has formed, I would be inclined to see three touches on the lower side (only two for the moment), so I would not be surprise to go under previous low, also as a spring of the accumulation. This is still a bearish evaluation, less...
Chart is speaking it self!!! 🌟The Bitcoin is in a Bullish phase by ⤵️⤵️ ➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) and also (ABC) wave. The possibility of starting a impulse 5th waves!!! ➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern! ➡️the...
If price manage to break the falling Wedge . the price can easily reach the target after a little correction. 🌟 Bullish signals in the PRZ area are: - Support zone - Pivot yearly - Bullish Channel - falling Wegde - bollinger band - 5th Waves ⭐ and the bullish signals of market momentum are: - Regular divergence in MACD ➡️ Note if the PRZ is broken downwards...
Hi every one U.S. DOLLAR / SWISS FRANC chart is speaking it self!! the USD/CHF has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) and now It must begin the ABC correction wave! there is also a falling wedge pattern which means that the price would increase and the price has already broken the pattern! the price now is...
OANDA:XAUUSD is preparing for further declines. Bears on the basis of negative fundamentals are not going to give up. Another retest of support is forming, which increases the probability of further downside Closing of the daily candlestick on Tuesday is very close to the indicated level of 1912.5. The retest is formed - the market checks the support area....
FX:EURGBP a week earlier forms a break of the resistance of the descending price channel. A consolidation of 0.86000-0.85400 is forming. We see consolidation at the resistance. What to expect from the price? Most likely, the price will continue to test resistance 0.86067. Pre-break consolidation is forming, which can be interpreted as another attempt of price...
BITSTAMP:ETHUSD has been showing a swell in the last few days. The price is out of the key range. The bullish set-up is working 100% and price is breaking resistance. What to expect from ethereum next? For a long time, the coin formed a wedge pattern, which ended with the price forming a rally after a false break of global trend support and the SMA-200 and...
Hello Traders, I am back after a few days not publishing. In this video, I am giving you an update of the bullish setup I identified last week on USDJPY. More in the video...
In this trading idea for the USD/JPY currency pair, we analyze the current price action within a rising wedge pattern, signaling a potential breakout to the upside. As of the latest market observations, the pair has been exhibiting an overall uptrend, with higher highs and higher lows forming a converging wedge formation. Key levels to watch: Resistance:...
We also see a very beautiful pattern in the dollar-yen currency pair! This pattern, which is called a wedge, usually breaks down! But again, wait until the failure is complete and safe, then enter! This pattern can also be seen in the CADJPY currency pair! Good luck ! :)
Hello ! As I specified for you in the chart!, the price is placed in a diagonal pattern and after the necessary compression and gathering the necessary liquidity, it usually jumps up! Of course, wait until the price breaks upwards or even downwards! Then enter the transaction in Pullback! Good luck ! :)
Daily / 4h / 1h time frames analysis for Dollar Index. Price action & key levels. Bullish scenario explained. ❤️Please, support my work with like, thank you!❤️
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. AUDCHF has been overall bullish trading inside the rising wedge pattern in blue, and it is currently retesting the lower trendline. Moreover, the zone 0.59 is a strong demand. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the...
Of course, I am still bearish on Bitcoin, and we are going to hit 20,500 or 17,000 this year. But before it happens, we can go as high as 33,000 because there is a lot of liquidity to be taken. I started to be bearish around 30k a few months ago, and nothing changed in my outlook. But I think 6k and 10k are not possible anymore because Bitcoin proved its...
↪️XAUUSD is trading in a downtrend within a falling wedge pattern, the price awaits a confirmation of the Bear Cross on a daily support level of 1908 closing basis to extend the bearish momentum. Hence, the market focus will remain glued to Fed Chair Jerome Powell's appearance at the ECB Forum on Central Banking in Sintra later this Wednesday. However, a clear...