Rising Wedge

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JohnnyPurtoy98 JohnnyPurtoy98 GBPJPY, 240,
GBPJPY: GBPJPY retracement could be coming
39 0 0
GBPJPY retracement could be coming

After a successful break this currency pair looks like the price may retrace, this is due to the oversold and extended conditions the price is currently facing. The price is likely to retrace to around 147.400 before further bearish movements. I would keep everyone updated on my findings for this currency pair over the coming days.

kcFX kcFX GBPJPY, 240, Short ,
GBPJPY: GBPJPY Rising Wedge (short)
68 1 2
GBPJPY, 240 Short
GBPJPY Rising Wedge (short)

H4 Timeframe Potential sell on GBPJPY Rising wedge pattern, waiting for price to break lower trend line before going SHORT

kcFX kcFX GBPNZD, 1D, Short ,
GBPNZD: GBPNZD Potential Rising Wedge Pattern (short)
21 0 0
GBPNZD, 1D Short
GBPNZD Potential Rising Wedge Pattern (short)

Daily Charts GBPNZD potential rising wedge pattern wait for price to break lower trendline before going SHORT

naynay97 naynay97 USDJPY, 30, Short ,
USDJPY: usdjpy short term goal
26 0 0
USDJPY, 30 Short
usdjpy short term goal

rising wedge pattern is formed as continuation so it should go short after it breaks through pattern.

tigerpause tigerpause BTCUSD, 240,
BTCUSD: Possible bullish pennant?
94 0 2
Possible bullish pennant?

I'm not sure if this is a rising wedge (bearish), a pennant (bullish) or even an ascending triangle. Any comments?

naynay97 naynay97 XRPUSD, 240, Short ,
XRPUSD: XRP/DOLLAR rising wedge reversal pattern, enter short now!!!
451 0 3
XRPUSD, 240 Short
XRP/DOLLAR rising wedge reversal pattern, enter short now!!!

XRP/Dollar is showing a rising wedge reversal and it hit resistances a couple of bars down which indicates massive downward movement towards the next support level (1.12 to 1.15 support zone) Hopefully this will retrace and show momentum to the upside again but cryptocurrencies can be extraordinarily volatile especially cause of the new years and future technical ...

chris_naykene chris_naykene USDJPY, 240,
68 0 2

114.300s resistance has been hit for a 3rd time. I wouldn’t go short just yet until I see a break below the 113.600s support.

narushima narushima XBTUSD, 240, Long ,
XBTUSD: BTC rising wedge upward breakout 3100+ targets on.
216 0 3
XBTUSD, 240 Long
BTC rising wedge upward breakout 3100+ targets on.

The corrective rising wedge broke out , scaled in, target up is 3100 + for this pattern for assured profit. Only some USD from ATH breakout for ultimate confirmation, Ichimoku cloud signals positive on each and every timeframe. Since we are on a post-majorcorrection breakout, leverage is maximum. 1.618 Fibo of complete corrective downward retracement and fully ...

CyclingTrader CyclingTrader AV., D, Short ,
AV.: Aviva meeting long term overhead resistance
45 0 1
AV., D Short
Aviva meeting long term overhead resistance

Aviva have been channelling down for some years and is currently in a rising wedge about to meet the long term resistance. I would expect that it will turn at the resistance and fall given how established the resistance is. The alternative scenario is that it is about to break major overhead resistance and would be a fantastic long position, perhaps I am ...

UmarPandor UmarPandor NZDUSD, 240,
22 0 2
NZDUSD short

this is the same case with the AUDUSD pair rising wedge which also has the the RSI divergence, possibly signs of the market falling at this level.

Telson Telson EURGBP, 60, Short ,
EURGBP: EURGBP Rising wedge formation & RSI Divergence
75 1 2
EURGBP, 60 Short
EURGBP Rising wedge formation & RSI Divergence

Monitoring the EURGBP pair we have identified an RSI divergence on the Hourly chart. We anticipate to see a retest of the 0.84260's level after the false break out (see market conditions) followed by a break-out of the rising wedge formation with even bigger profits. Profits and stop losses are set according to previous structure supports with the latter being ...

37 0 0

Formation of a Rising Wedge, indicating bearish breakout from the multi-week uptrend. Rejection off the 5 month uptrend also observed. Sell on break of uptrend line.

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