Rising Wedge

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narushima narushima PRO XBTUSD, 240, Long ,
XBTUSD: BTC rising wedge upward breakout 3100+ targets on.
208 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
39 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,
NZDUSD: NZDUSD short
20 0 2
NZDUSD, 240
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
60 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 ...

LAT LAT AUDUSD, 60,
AUDUSD: AUDUSD Short 1H
36 0 0
AUDUSD, 60
AUDUSD Short 1H

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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