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 .
G ood Morning Everyone! A few setups here, all in one. ( H&S Already Completed! ) Short to 120.600's be careful here, not to let the interest rate discussion get in the way of you trade! Try to close all orders before the decision! Hmm maybe you could catch some pips here :) ? Hidden divergence, on both indicators. Which tell us ( Hey Buddy, Something Fishy...
Bitcoin is currently in a rising wedge with declining volume. Target at $430.
Greetings Fellow Traders, Brief Overview (Check Below for detailed individual charts for educational reasons): I want to take a moment to organize my thoughts for you revolving around a pair I had a great trade off of a Head and Shoulders pattern a couple of weeks ago. It's important to understand the big picture as much as possible so you can make the most...
ERN broke a rising wedge pattern to the downside today. Quick short, as the break was on weak volume, as well as support nearby to the downside. Target 1 3.75 Target 2 3.50 Tight stop, within 20 cents
EURCHF has completed a possible ending diagonal and has made a reversal in a confluent PRZ. Wolfe Wave theory defines the sweet zone, or the area of a probable reversal, as the area between 1-3 and the 2-4 parallel extension from point 3. Similarly, EW theory suggests that wave 5 will often overshoot in an ending diagonal which may be followed by a swift and...
The rising wedge broke downward and thus we should expect lower prices in the coming weeks. A reasonable target would be 1.04.
As you see the trend isn't really strong, we had some candlestick patterns earlier and now there're some at the resistance level. The prices have formed a rising wedge which is another short signal. A good idea might be placing a sell stop order somewhere at 0.973 SL above the resistance level and the candlestick patterns TPs at old support levels
As you can see, lots of potential action here on the GBPJPY following our Rising Wedge from earlier in the week. Yesterday I recorded a video talking about this rising wedge as well as a MUST own trading book, so make sure you head over to my Youtube page and check if you if you haven’t already “A Trading Book Must Own & Trading Simple Patterns”...
I’m looking at a rising wedge type of pattern forming here on the USDJPY that is working it’s way toward a pretty significant level of structure (look left). We typically see a breakout to the downside with this type of setup as it represents the market losing steam after a high volume move. I’ll be looking for short opportunities on this pair in the Live Trading...
The last night pump was very weak and has created a significant bearish divergence. Despite the low volume, the 6H and 12H MACD is still strong. This one has a very high potential to form the rising wedge that rises to slightly above the resistance around 1516-1520. Keep an eye on the volume or any leading indicators - if the next pump shows another bearish...
Look at this price action on Brent. On the daily it is visible that the price is close to the 38.2 Fibonacci retrace and XA=BC. The PRZ (potential reversal zone) could be between 70 and $72, buuuut... look at the 240 min chart. Perfect Rising Wedge with a very interesting divergence on the MACD. And we should add the fact that $70 is actually an 127.2 expansion of...
The strength of the downtrend has been confirmed. Two rising wedge are close to breakout. A daily close below 0.5621 may confirm this short trade. Rejection of MA 26 and MA 58 on 4H timeframe. Best Regards, Serge
Triple bearish Knoxville divergence in addition to a rising wedge on the 1 hour chart is indicating a bearish move toward the missed weekly pivot at .74765 and possibly a larger move toward the missed daily pivot on March 12th at .72607.
1. Price initially consolidated within a large triangle and eventually broke out 2. Price rallied towards 127.2% and in the process formed a rising wedge 3. Price often reverses from 127.2% back to 100% (You check my past trade ideas with flags to notice this common occurrence) 4. Price then forms a bearish flag at the 100% 5. A break out to the downside will see...
$IWM had a nice reversal over the last trading week, which I've i traded successfully (special alert letter was sent to the Elite Zone members - Become an Elite Zone member - www.themarketzone.net) Now $IWM is facing the same resistance it broke during February and it should act as support (if it wasn't a false break) 120$ is the crucial zone to monitor this...
AUD/JPY has been in a dominant bearish trend since December 2014, continuing to print lower swing highs and lower swing lows. We now have an excellent opportunity to trade with momentum on our side as 6 confluence factors join together to create the perfect storm. Confluence Factors: 1. Trading With Dominant Bearish Trend 2. Rejection of Key 94.00 S/R...