4191: TASI (LONG)Falling Wedge Breakout
Confirmation of Bullish trend (HH, HL)
Take the trade with stop loss
Ride the trend with trailing stop loss
Fallingwedgeretest
$HAS: Guaranteed 90 : VERY BULLISH X 1000 TIMES AND MORE TICKER: $HAS
TIME FRAME: 1D
INVESTMENT STRATEGY: LONG
--------------BROKE THE FALLING WEDGE, AND RETESTED
--------------ABOVE 2OMA: BULL BULL BULL
TRENDSI TRADES GIVING BUY SIGNAL WITH GREEN DOT AND GREEN LINES IN 1D TIME FRAME. THANKS TO TRENDSI FOR GIVING ME CONFIRMATION.
I CAN SEE THIS GOING TO TEST 200MA (I.E. 90s)
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Breakout From Falling Wedge
Here it looks like we're getting another trend reversal on CHPT. Over the past 2 weeks it's been in a falling wedge pattern. Today we saw it break out of the falling wedge and retest the previous resistance as support. Then from there it jumped up about 5%, so great bullish signal we broke out of the downwards trend.
Not only that but we also have a triple bottom now at the 19-20 dollar range in the last several months. I'll be catching it on a dip tomorrow and jumping in to ride it back up to the 30-32$ range for a swing. Hopefully we get a Biden green infrastructure announcement to help give it a little boost over the next 2 weeks.
SPX Broke Up Falling Wedge; expect H&S BacktestChart says all; simple idea. Most often after one of these wedges breaks up it will fall back to retest the upper TL before it really takes off.
Would give inverted H&S and a higher low; could be the start of an impulsive move higher, to give a double top. Small gap is a weak draw higher.
As always, just a nother crackpot idea; FGS do not trade off this, trade at your own risk if you do! GLTA!!
USD/CAD falling wedge breakoutHere I present my analysis on the USD/CAD pair (aka Loonie), which as most of us might have seen as well, has recently broke out of the falling wedge pattern. The following confluences are identified that indicate a bullish bias for the currency pair;
1. Rising wedge pattern breakout
2. Awesome oscillator divergence from price
3. Price retracing from the 78.6 Fibonacci retracement level of the prior bullish impulse on the daily chart.
3. strong USD fundamentals and a poor GDP release of the Canadian economy
However, it must be kept in mind that the price is struggling to break above 1.31844 which acts as the distal line of the supply zone indicated on the chart. Once price breaks this supply zone, we can ride a bullish swing of approximately 80 pips, maintaining a risk to reward of 1:1.61.
Also, there's also a small chance for the price to go down to a 1.30500 where exists a strong demand zone, again bouncing back long from the demand zone.So, it is essential for us to wait for the price to break the 1.31844 supply zone to open a long position on this pair.
Also, similar pattern can be seen on the USD/CHF chart. This is because of its strong correlation with the USD/CAD on the 4h chart of approximately . Therefore, it would be wise to not open positions on both the pairs and stick to only one of them to manage your risk wisely.
Happy Trading!
XRP shows bullish this week, against the rest of the marketSince earlier of 2019, XRP usually goes against BTC, this time may not be an exception. BTC, ETH, and XRP are the top 3 highest market cap. coins, while both BTC and ETH show bearish in mid-term, XRP shows an opposite trend.
On the H4 chart, there is a falling wedge pattern that appears clearly, indicates that XRP will pump. Besides, XRP did break out the MA50 resistance with a good volume candle, strengthen the previous prediction.
There may have a small dump of XRPUSDT due to a falling wedge retest scheme, that will be a good time to buy some XRP. On the overall, I feel bullish on XRP this week.
Buy now EURGBP with 12 pips StoplossFalling wedge breakout and retest
Nice try to Trade with tight SL
Might be time to start accumulating XRP againIn my chart, price broke out of a falling wedge and had a bounce after retesting that wedge. The green box is my buy zone with a target of $0.66 middle term and $0.9 long-term.
