TP 23.6 retracement.
Look like the falling wedge(correction) is going to end. Very good time to buy now and keep for long term.
Falling wedge has been forming on the USDJPY pair. Given the high convergence of the last few hit points we could see a break to the upside at hit 8.
EURJPY gives signals that it wants to start retracing with MACD divergence and rejection from 1.618 extension area, watch for falling wedge breakout and a possible pullback for long opportunities.
Friday last market hours drop after referendum polls news got rejected from daily support, this could mean a pullback is coming for GBPCAD so wait for wedge breakout before buying.
NZDUSD is in a corrective structure and a move up is expected, wait for the price to break the falling wedge pattern before going long.
GBPUSD has developed a falling wedge pattern so going long after it closes outside it looks like a great idea
GBPCHF has developed a falling wedge pattern and is now at a key area that could push price outside wedge triggering a big move up.
Hello traders I am trying an agrressive buy inside the falling wedge with 124.50 and 128 as my take profit targets, the reasons behind my trade are on the chart.
DXY has developed a very nice falling wedge pattern that usually signal reversal so watch for an upside breakout.
As you all would know, I missed the big drop on the pair after being spiked out of my short. (See related ideas) Now after all this, I am going long for the reasons below : - Completed a Bullish Shark Pattern - Forming a falling wedge (bullish indication) - Bullish Divergence on the RSI Breaking above the falling wedge would be a powerful indication that the...
XAGUSD broke the h1 falling wedge, we should see some upside move from now on.
FX:NZDJPY Falling Wedge Buy after Breakout Target 700 PIPS More I will write later!!
Target = Base (widest side of wedge) + breakout point = 49.10
Falling wedge pattern (Reversal) Target = Breakout + Base of Wedge = 1.1485
GBP JPY pair is in a falling wedge pattern so buying could be a very good option after breakout. Also MACD divergence supports it but keep in mind that it might consolidate a few more days so wait for price action to show the way.
Hi there! Falling Wedge Bullish pattern was detected on daily charts. Good to buy breakout for 1.1570. Best!