Rising
BTCUSD SellShort position
1.Strong resistance level
2.Rising wedge
3.Second retest resistance area
4.R/R is >1.5
5.TP 1 / 7393.
Short opportunity USDJPYwedge is broken and retest back to wedge (and the uptrend line)
we have the confirmation for going short
CVNA - SHORT UPDATEHAD THE WEDGE DRAWN WRONG. TOP OF TREND LINE WILL BE AROUND 91.00 AREA FOR BEST POSSIBLE ENTRY FOR LOW RISK SHORT.
USDJPY Rising Wedge Breakout You Can see the breakout of rising wedge and retest enter with proper Risk Management,Good Luck
USD/JPY Rising Wedge at major rezistance level. Hi guys, USD/JPY has been in a downtrend as you can see the blue lines from the weekly time frame. Now the market reached the top of the weekly channel and monthly major resistance. The price hit this level twice before in the recent times and each time made a lower low. Also on daily time frame there is a wide bearish divergence and on 4 H a rising wedge has formed. Now we are waiting for the break of the wedge and a pull back at a minor resistance level for a good entry short. Another huge confluence factor is that on monthly we have this doji candle rejecting the level and also the 14 EMA crossed bellow the 50 EMA on monthly for the first time since 2013. Let me know what you think about this trade in the comment section. Keep it profitable!
Yellow: Monthly level
Blue: Weekly channel
Red: 4H Rising Wedge
Purple: RSI Divergence
GBPUSD Sell Rising WedgeHi all, we have a pretty neat rising wedge pattern on GBPUSD. Great for a quick sell. Have fun all!
Start of something beautiful?No prediction, but a simple overview of the late rise of Bitcoin. It appears that we fell back into the rising channel that started in May. As long as Bitcoin remains above the bottom of the channel, I will remain bullish.
BTC Double Falling Wedge CONFIRMATION TO BUY/SELLBTC PRICE MOVEMENT - WEDGE PATTERNS
Once the wedge pattern completes, the Rising wedge that follows provides evidence for an increasing rate of buyers surpassing the increase in rate of sellers.
We have two potential reversal zones. If the price breaks the first wedge, then the price will break support. If it uses the wedge as a support, then we have a firm buy signal as it breaks resistance.
Please leave your comments below
The short of the YEAR??Rising broadening wedge - Breakdown - retest..
Technically NOW is exactly the textbook short entry on this huge ass months long pattern, is it not??
USDJPY long setupfrom a bigger timeframe, we are in a correctional phase but price looks like it will make another move to the upside before sellers come in.
price made a big double bottom and a smaller one on the 15min which gives me enough reason to go long. Waiting for breakout to confirm bias.
GBPNZD long setupdaily chart showed support which was respected many times. Going down a timeframe, price reacted off trendline and 15min shows a descending pattern emerging in which I hope breaks out the upside.
usdcad logn term setupOn usdcad weekly, I see price break out of an ascending channel very cleanly while forming a daily support trendline which was supported by a falling wedge in the 4hr chart.
Price broke out of the falling wedge which is now shown the 15 min chart.
How much can bitcoin go up and still be bearish?I tried to decide if I want to make this a "short" idea or a "neutral" one, but i decided to make it short because btc still hasn't passed the major resistance that it needs to pass to signal clearly that it's going to test new highs, and as long as it doesn't break that line at 12.2k I will not be expecting a retest of the highs for btc. to make a long story short just look at the chart and you can see the whole point- btc hasn't proven it's going up yet- but even if it will break that line and go up, even if it goes all the way up to 19k, as long as it's in that rising wedge- it would just be another up-leg in an over extended rally, and it would essentially just be going up to go back down again afterwords, probably to another 30% - 40% down from the peak at least.
usdcad potential bullish moveweekly chart is showing usdcad in a bullish flag pattern.
daily chart shows that usdcad entered an ascending channel which broke out and retested the trendline.
however enter at your own risk as NFP is due on a Friday so anything can happen.
Gold breaking out above rising wedge!!! above $1380 targetshold onto your reigns! This baby about to get wild!
Falling wedge completed today, rising wedge long term.What would you do for a klondike bar? (say it with the song)
Gold possible sell upon break of the reversal rising wedgeWeekly close as doji and now awaits if it will break the rising wedge for a short term sell to the expanding triangle trendline.
