Learn my wedge pattern trading strategy.
In this video you will learn:
How to spot the pattern
Meaning of the pattern
Trading entries
Stop loss
Take profit
Real market example
❤️Please, support this video with like and comment!❤️
Hey traders,
In this video, you will learn how to trade wedge pattern.
We will discuss the theoretical basics of this pattern.
Then, on a real market example, I will show you how to spot and trade it.
❤️Please, support this video with like and comment!❤️
What Is the Wedge Pattern and Its Common Characteristics?
1. Wedge patterns have converging trend lines that come to an apex with a distinguishable upside or downside slant.
a. Wedge with an upside slant is called a rising wedge
b. Wedge with downside slant is called falling wedge
2. It has declining volumes as the pattern progresses.
3. It breaks out...
In our previous post in this series about chart patterns we described the characteristics, rules, and causes of triangle patterns (if you haven't seen it, see the related idea below).
In this post, we perform an advanced analysis of broadening wedges patterns. We provide a description of each pattern and its implications. We also review the literature in order to...
Rising Wedge Pattern is a trend reversal chart pattern that that indicates gradually decrease in market momentum.
if it is traded with confluence like a supply or resistance level then Winning probability of this setup will increase.
Falling wedge pattern's considered as continuation pattern (Bullish continuation pattern) We can catch this pattern
after some bullish reversal or in a continuous bullish run.Best place to enter bullish was after the break of the upper side trend line
(After converging).The primary target would be the topmost rejection level of the wedge and we can fix our...
This is an Educational post regarding ' HOW TO TRADE WEDGE PATTERNS IN RIGHT WAY '
1. There should be a nice uptrend or downtrend before you start marking the pattern
2. join the most touches of body candle or wicks as per your trading style and what works for you
3. If a Fakeout has happened then most the chances of pattern to work increases
4. check the...
Hello, dear subscribers!
Today we will continue to consider the chart pattern. The risisng wedge is the topic of this article.
We can see the rising narrowing wedge formation when the scatter of highs and lows is decreasing during the time and price make higher highs and higher lows. There are clear support and resistance lines which have different angles of...
What makes the chart interesting today is that:
. BTCUSD challenging the Wedge's UpTrend.
. A break bellow Wedge's UpTrend could push the pair to its $10,400 ~ $10,500 previous support areas.
. A rejection at the Wedge's UpTrend, however, could lead to another retest of the Wedge's top.
Will the BTC see an downside breakout against the USD?
No one knows it! We...
What makes the chart interesting today is that:
BTCUSD challenging the Wedge's UpTrend.
A break bellow Wedge's UpTrend could push the pair to its $10,400 ~ $10,500 previous support areas.
A rejection at the Wedge's UpTrend, however, could lead to another retest of the Wedge's top.
Will the BTC see an downside breakout against the USD?
No one knows it! We have to...
When trading the best wolfe strategy you will find that after the entry is triggered your position should show you an immediate profit. This is because the reversal pattern that emerges from the wolfe wave chart pattern is very violent.
Once we’ve got the first five waves we have the general setup of the wolf wave . After the last wave has broken above the...
EURAUD price broke diagonal wedge support. Diagonal support line now becomes diagonal resistance because price broke and closed below the diagonal level.
WAIT FOR THE RETEST OF THE DIAGONAL LEVEL.
Enter on the retest at level 1.63084 with a market execution order or sell limit order. Exit at the next horizontal support resistance line for Take Profit. Exit at...
Here is a long trade I have taken on EURAUD but unfortunately did not manage to post to trading view before my entry. I will cover the basic analysis for entering this trade below:
Technical Analysis:
- Descending Wedge Pattern
- Price is Squeezing
- Rejections of 1.57/1.57150 support zone
- Anticipation of the wedge breakout
Fundamental Analysis:
- Gold price...
One of my favourite tools is wedge patterns.
Last year the AUDUSD was a dream to trade using the wedge pattern.
An 'ascending wedge' pattern approaching a level of resistance indicates a sell opportunity is coming up (reversal).
To trade the pattern you will wait for a break below the wedge line before selling, with stop losses above the highest level in the...
Good morning, traders. Price continues to press upward in spite of the overhead supply. Because this is happening within sideways movement there isn't much to say today other than the weekend is upon us and we usually see a strong move during that time, so traders should be keeping that in mind regardless of the direction of their trade.
The H1 chart shows an...
EURUSD formed a falling wedge, both lines are downtrend. The angle of descent is steeper on the resistance line. The pattern form highs lower than previous and lows lower as well. After a few attempts, the prices finally break through resistance.
To confirm the breakout, the price should close above the resistance line, if so, make a long. The profit target is...
