Price is steadily approaching the nearest resistance. We should expect some rejection from there.
A rejection from there will send price to the nearest support.
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Broken rising wedge simply tells us that the Bullish ride is coming to an end. I am optimistic that price will crumble to the prescribed Target.
I hope for a retest to the trendline before price reverses to the downside.
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Looking at it from the Bullish trend, we ought to see a bullish continuation after this pattern.
I look forward to the Bounce off support and a break of resistance.
Target should be aimed at the previous clusters of resistance. Be reactive and not predictive while taking this trade.
What do you think?
Expect some bearish Movement From this break.
I hope to see price fall to the Previous Low/Support.
We should be cautious while taking this trade, Maximum risk mgt should be used.
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ETH/USD has been riding in this Range since 2 months now. I expect some bearish movement soon.
Stoch is clearly overbought, Chart currently is displaying a bearish Box/range.
We will be Reactive and not Predictive while taking this trade.
What do you think?
I expect price to move to the trendline resistance. After a break of the rising channel, It is expected that price should do a retest then a fall.
I am Bearish on this trade, but We should be reactive and not predictive while taking this trade.
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Currently testing the range resistance, I hope to see a fall towards the support region.
We will be reactive and not predictive in taking this trade. We will look for a sign of a bearish continuation then we will neatly place a short.
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Lately, we saw a Bullish turn-around on the Australian dollar. Steadily pulling out from Covid(Delta variant) with positive news at least.
I expect to see a Bullish run to the top of the wedge.
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I posted on this same Idea some days ago when the Bears were about breaking the trendline, It did break and it confirmed my analysis.
Now a retest is expected followed by a Nice fall.
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Posted this Idea on the 28th of this month, then price did a fake-out and made its way back into the channel.
Now we can see that the price is currently testing the support of the channel.
Stochastic is clearly Oversold, We hope to see a Bullish turnaround real soon.
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They said a wedge isn't complete till it is broken"! The GBPUSD breached the rising wedge support last week.
I hope to see price retrace to the resistance before falling to the desired price.
We will be reactive and not predictive while trading this, so I am looking for a little wedge formation to play out at the resistance before a free fall could occur....
This pair recently broke out from a rising wedge pattern and is currently consolidating in a box like shape.
Expect some Bearish force pushing it to the previous Lows.
We will be reactive and not predictive while trading this Instrument. That why we will look for a break and only then we will trade this setup.
What do you think
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