levels as described n the chart have a nice weekend
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Hello Traders, Welcome to my analysis of CADJPY. Here I've highlighted in the chart a rising wedge in the middle of a downtrend shown with higher lows and lower highs. I'm waiting for this pair to continue to the last bullish rally and then show signs of reversal around the 77.000 area. After signs of reversal and confirmation is shown I will be looking to...
A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line. Each of these lines must have been touched at...
An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line. Each of these lines must have been touched at...
Bear wedge continues. Clorox is not the only company making Handiwipes. There is always Walmart Advance stuck at 0.382 retracement. Expecting breakdown to take it way down to fill gap 35-40 points lower Am buying Sept or later puts around 175
BITBAY:BTCUSD Short the corn or long the bottom? You decide?
XRP/USD is forming it's third falling wedge pattern since September. If we see a breakout of the smaller falling wedge we could see a breakout of the larger wedge. I anticipate this to happen as you can see the volume has consistently risen since December 2019. A breakout really isn't a breakout unless there is volume and that is what we have. If we can break out...
Falling wedge pattern BTC 4H until $6.9k range
EURAUD Rising Wedge Pattern. Target Price 1.61072
A number of points to make. > Descending wedge in play with the probability or likelyhood to break out on the upside > Previous descending wedge did break up > EMA ribbon is hinting a constriction and a breakout near > We have a double bottom with an acting support line from the previous resistance, as per the red zone\line at 68.2% Its possible that its already...
EURTRY Target Price 6.58424
If volume continues to increase there should be considerable momentum for a break-out.
ZEC broke through support. Possible development of a wedge on a small scale ZEC (zcash) broke through the support of a large global wedge. Perhaps just dumping passengers. Possible working out this small wedge small scale for a start. The news of the fork on July 18 "did not work" due to the general fall of the market. Just decided the developers who have released...
Trade set up for ZCASH (ZECUSD) using the falling wedge pattern. Wait for the broken level of the resistance line becoming support. Enter on the retest of the support line for a LONG position. ZECUSD continued to respect the horizontal support resistance line that I drew weeks ago.
A bearish downtrend into a falling wedge formation, anticipating a reversal and once the bottom wedge-line has been retest I think price action will make a reversal for a big BUY. :)