🔹 AUDCAD Analysis on 1H chart
- The current Trend is BULLISH
- There is BEARISH divergences
- Reversal pattern is present which is rising wedge
🔹 Trade Plan
- Entry Level = 0.93494
- Stop Loss = 0.93746
- TP1 = 0.93264
- TP2 = 0.93008
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk...
NASDAQ:AMZN reclaimed the daily 50 SMA last week and is trading into the August high supply. If it gets rejected in this area, a retest of the lower trendline would correspond to the daily 50 SMA, and other converging demand zones including the .618 retracement level from the all-time high to the August low. If demand is held in this area, it may be a good long...
ALGO has just broken out of the wedge pattern that it has been in for a minute now, and is looking like it could be getting ready to run. It's likely to go the .15 range, retrace back down to the upper wedge trendline, then continue the move from there.
Good luck, and always use a stop-loss!
The XRP monthly chart price action is wicking outside of the long-term trend line for the first time since establishing the second point of contact. This could be a sign of very good things to come!
Good luck, and always use a stop-loss!
The ALGO charts appear to be signaling a potential turnaround, or at least a nice move up from the current trading range.
Good luck, and always use a stop-loss!
VERGE (XVG) is one of only nine ISO 20022 compliant cryptocurrencies and is by far the least well-known of the bunch. VERGE is also currently trading within a nice wedge pattern and seems to be forming what could become an inverted head and shoulders pattern on the 4-hour chart.
This could be a very good sign for VERGE currency!
Good luck, and always use a stop loss!
After three wedges failed to produce a breakout, and with price action continuing downward, creating a very defined price channel, SHIBA has, for the first time since forming the massive breakout flag pattern, broken out of the current wedge to the upside.
This could be a sign of good things to come!
Good luck, and always use a stop loss!
Lets look at BTC. Some people have been saying that its getting ready to take off again, so I wanted to do my own analysis.
I've got three indicators I'm using here.
- Wedges/channels (the thin green lines)
- Fibs - the gold colored fib levels
- Wick Strength - the oscilalator at the bottom
First, Wedges.
We can see that price is at the bottom of a...
I am longterm bullish on Tesla for many reasons, however I do believe it will continue to consolidate inside this wedge pattern well into 2025. So, if you're looking to purchase this stock, I believe you have 12 months from now to accumulate at reasonable price levels. It is also interesting to watch the fib retracement levels for short term support and resistance.
Very technical. A global trend, followed by a correction to the 0.618 Fibonacci level and the global order block, which is also the PoC (Point of Control) of the entire trend movement. We're clearly moving within a kind of wedge.
We haven't been fans of technical analysis for a while, but part of it will always stay with us. I think this is one of those moments...
The weekly candles on GBPUSD point to a clear ascending broadening wedge pattern. The last wave reached the price of 1.3220, which corresponds to the upper boundary of the wedge pattern. I expect another bearish wave to start soon and reach at least the 1.28 area.
This is a followup idea on my previous one where we "idezied" the bottoming process, which so far has been manifested. So far I see it as a huge (A)(B)(C) forming to the upside, hence the choppiness, which overall LIKELY will stay as 3 wave structure hitting a several year upside target of between 22 - 84 USD, too soon to projectile anything more proper target....
DANA GAS PJSC is forming a Wedge Pattern. The Next Target is the Wedge Pattern Top, Offering a chance to Achieve a +99% PROFIT. A Breakout is expected in the market once this wedge pattern is reached. This is Long-Term Analysis, must follow the Trend Continuation Technique. Guess the 2nd Target ?????
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LLC is currently in a descending wedge with bullish RSI divergence and has a nice crossover on the MACD, it has not had a breakout yet but will look for a little 10% move to the top of the wedge. Also looking for a gap fill but will see what it does closer to resistance at the top wedge. Good luck 🍀
Based on technical factors there is a Buy position in :
📊 WLDUSDT
🔵 Buy Now or Buy Zone
🪫Stop loss 2.050
🔋Target 1 2.580
🔋Target 2 3.100
💸RISK : 1%
We hope it is profitable for you ❤️
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In Gold XAUUSD, Falling Wedge Pattern formed and Breakout. So Target is $2440. And also consider a Wolf Wave Pattern.
I want to help people Make Profit all over the "World".
Rising Wedge Pattern forming and Expecting a Breakout. If Breakout above the Rising Wedge Pattern, market approaching the Pattern Target at price JPY 18,160. Offering the potential to Achieve a 100% PROFIT. This is Long-Term Analysis, must follow the Trend Continuation Technique.
Support me; I want to Help People Make PROFIT all over the "World".
![AUDCAD: AUDCAD - Technical Analysis [Short Setup]](https://s3.tradingview.com/p/PWgxghwj_mid.png "AUDCAD - Technical Analysis [Short Setup]")
