We still see USDJPY moving higher after it has broken above the 106.8 resistance level mainly we believe on the back of an easing of tensions in the US/China trade war. However, there could be a significant amount of price action post payrolls and average hourly earnings as weak data could indicate a higher probability of FED rate cuts.
We still see USDJPY going up despite slow price action and our first target for the Bullish Falling Wedge Breakout is the resistance level at 106.878. A bounce in equity markets after an easing of US/China trade relations could lead to increase in risk off sentiment but there could be key price action on the back of key US data this week starting with US ISM...
Ethereum did not manage to overcome the "BO-Level" after it bounced off a former breakout-bevel and is yet not showing any signs of recovery. It´s the opposite, producing a trend-follow H/T right now, was not a very good start also maybe printing a hidden bearish divergence today. No reversal signs are seen on Daily so far. Although passively sitting on a rather...
Did you work with "Bullish" falling wedge? R/R Ratio : 1.7
BCH is forming a symmetrical triangle, and we are at the very tip of it. That means that correction is almost over! When the wedge formed between August to October, the price exploded afterwards! We are now forming a very similar pattern. There is no reason to think that the same thing wouldn't happen to BCH. The RSI is showing the same thing. The RSI is forming...
Bullish wedge, IHS If traded the right way. This setup lines up a possible 6 dollar trade. $AAL is coming out of a classical bullish falling wedge by breaking falling trendline - after making a bear flag. Price is now being stopped at dashed trendline setting up a neckline for a possible IHS. If neckline breaks... Target will be at the upper trendline....on...