Technicaly i detected a falling wedge , According to me, this pattern has not been invalid yet.. And could be interesting to play bull
Let's see now how fondamental news of upcoming weeks can reenforce or invalid this scenario..
Oil price
Next New farm Play-Roll publication etc..
Long at 1050-1060 stop loss at 1045.
Greetings Fellow Traders,
If you've been following me for some time you know that my view on the EURUSD has remained bearish since we formed and broke the Super Trend Triangle. As we approach the weekly open for the last week of November and first week of December we have some interesting price action that is giving us a very strong reason to actually go LONG or...
Today's open may very well have hit the lows as it took a strong bounce from there.
Other Yen pairs displaying the same price action.
Further confirmation could come from break of upper trend line, aggressive positioning from current levels against the lower trend line. BOJ up this week, could be the catalyst.
Greetings Traders,
In correlation with our anticipated USDCAD move...I've spotted a descending wedge on EURCAD that is trade-able.
Due to the nature of the peaks however, to avoid any false breakouts I've set the following trade:
Pending Buy Stop 1.43550 - Or Manual Entry Along SUPPORT
Stop Limit 1.4250
Target Profit 1.4640
Straight forward trade, as I...
EURGBP has produced a bullish cypher pattern in addition to a number of other bullish signals. The PRZ of the cypher lies at a major support trendline (see chart below). A bullish Wolfe wave setup has been completed in the same area. Bullish RSI divergence is present and is also oversold at the PRZ. To add to the bullish bias, an unhit cluster of pivots sits...
We are seeing quite the textbook falling wedge pattern here. As selling pressure exhausts we can expect to see a rally from the bulls. The optimal entry will be on a break of the trend line, with stops placed below the lowest low of the wedge. Expect to see a rally up to around the 1.56500 level, with a break above the 1.57000 we can look for secondary targets.
Hi everybody !
USD has been the strongest currency since the end of 2014 summer. Does the speculation on the dollar is ending ? We are close to know it. After FOMC Yellen speech saying that FED won't be impatient to raise rates until economy recovered well could left the dollar uptrend out of breath. Moreover the stock market pressure could push Yellen in...
Zoomed out and now it looks bullish. A break above 1.1120 is a bullish signal, but a break above 1.1145 would be a strong bullish signal. Looking at the price action 1.1180 could be hit in the next couple to several hours if 20 is broken.
think there is a good probability for the EURUSD to target 1.1000. But it might not be that steep. Economic data coming up. A brea above 1.1120 and the upper line of the Falling Wedge could trigger a positive move for the Euro.
The pair has a falling wedge pattern nearing completion.
Personally, i dont trade falling wedge patterns, so im waiting for the rally back up into previous support.
Dear workmates !
Last week, we saw a nice correction of the strong dollar uptrend. This correction may be over for now. USD will probably trend up this week particularly against Yen.
DXY 1D Timeframe View :
We have a strong MACD divergence on 1D timeframe of DXY giving a nice long signal on US Dollar. A falling wedge is forming indicating a nice long term...
Targeting 1148 and 1103.
Hidden bearish divergence adds additional confirmation
Minor trend line is broken as well
Would be more confident when price tests 1174.05 for resistance
Note: Price is trading within a falling wedge (although not complete yet), so keep an eye out on that.
1148 will be a level a watch (refer to notes on chart)
USD/CHF has broken out of a 25 year falling wedge pattern that began in 1980.
You must purchase high-quality historical data such as eSignal to see past price action on this pair as TradingView only allows day up to 1992 on USD/CHF. The lower trend-line has 4 high quality touches rather than just the two TradingView displays.
When the EUR/CHF peg was removed,...
This technical stock is beat down and potentially close to breaking out on a Falling Wedge formation. I bought a token position and will add to position on confirmed breakout, if/when it happens.
See Falling Wedge chart description here: www.freeonlinetradingeducation.com
