RW21Trades

RW21Trades Updated 

Hi all. I am new & trying to self teach on analysis, etc., so any help/advice would be much appreciated! My analysis on this 1D chart for EUR/USD looks at a fibonacci retracement possibility within the descending broadening wedge overall pattern. It is evident that there is a clear crossover point between the resistance line of the descending wedge and the 78.6%...

RW21Trades Updated 

Hi all. I am new & trying to self teach on analysis, etc., so any help/advice would be much appreciated! My analysis on this 1D chart for USD/CAD looks at the possibility of a break out of the descending wedge pattern we have been in since the first quarter of 2020. We have just seen a bull flag lead to a third tap on the resistance of the overall channel...

RW21Trades

I am finding it difficult to analyse this chart. I have identified four different areas of support/resistance. The orange arrow is a concept that price may reverse immediately, bouncing off the recent support last tested early part of last week. The yellow arrow suggests price will continue down to the support trend line of the uptrend, before moving bullish. The...