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Wedgebreakout

Sell EURUSD Wedge BreaoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Rising Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0895, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0847 2nd Support – 1.0809 Stop-Loss: To manage risk, place a stop-loss order above 1.0925. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
12
Gbp/Usd (Wedge) Intraday Analysis The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.2806, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2763 2nd Support – 1.2735 Stop-Loss: To manage risk, place a stop-loss order above 1.2850. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
11
Sell GBP/USD Rising Wedge BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.2755, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2680 2nd Support – 1.2637 Stop-Loss: To manage risk, place a stop-loss order above 1.2785. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
10
Buy GBPUSD Wedge BreakoutThe GBP/USD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.2660, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2737 2nd Support – 1.2803 Stop-Loss: To manage risk, place a stop-loss order below 1.2600. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Long
by KABHI_FOREX_TRADING
25
AUD/USD - H1 Chart - Wedge BreakoutThe AUD/USD FX:AUDUSD pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.6644, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.6611 2nd Support – 0.6590 Stop-Loss: To manage risk, place a stop-loss order above 0.6663. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
12
Happiest Minds: Happy days are here again? 🤩Hello There, Welcome back! 👋 Here is all you need to know about Happiest Minds: • The stock price has been range-bound in a downward Wedge pattern for over 14 months. • An attempt to break the pattern resulted in a long upper-wick candle, suggesting sellers' presence. • A subsequent inside candle gave a weak breakout, after which the price has been consolidating/retesting. • The psychological level of 1000 has acted as a strong resistance. • Despite crossing the 1000 level weekly for the past 3 weeks, the price has failed to close above it. • A close and sustenance over the 1030 level would be absolutely necessary for it to continue its upward momentum • The next immediate resistance seems to be around 1175. • Another important thing to note is that it recently raised 500 Crs via QIP @ 924/Share. That is what triggered the 6% fall a day ago. • Help us reach many like-minded investors like You! Would you give us a Boost for motivation? • Investors included Troo Capital, Société Générale, BNP Paribas Arbitrage ODI, BofA Securities Europe SA -ODI and Morgan Stanley Asia (Singapore). Given that these are funds and not corporates, The sole motto seems to be capital appreciation which is a positive. • The Indian IT sector too is approaching its critical resistance for the third time. Which company should we analyze next? 👇 Thoughts or Questions? Let us know in the comments below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:HAPPSTMNDS
by TheChartereds
6
INDOTECH - Symmetrical wedge patternNSE:INDOTECH stock has formed a symmetrical wedge pattern following a strong rally, indicating a potential continuation or reversal. Symmetrical wedges often signal consolidation before a significant price move. If the price breaks above the upper trendline, it suggests a continuation of the upward trend with a price target of 2450. Conversely, a break below the lower trendline could indicate a reversal, warranting a stop loss at 1600 to mitigate potential losses. Trading Strategy: Bullish Breakout: Entry Point: Consider entering a long position on a confirmed breakout above the upper resistance trend line, ideally accompanied by increased volume. Target Price: Measure the height of the wedge at its widest point and project it upwards from the breakout point. Stop Loss: Place a stop loss below the lower support trend line to manage risk. Bearish Breakdown: Entry Point: Consider entering a short position on a confirmed breakdown below the lower support trend line, with accompanying high volume. Target Price: Project the height of the wedge downwards from the breakdown point for the target price. Stop Loss: Place a stop loss above the upper resistance trend line.
NSE:INDOTECHLong
by VanshikaUdeshi
Buy GBP/USD Wedge BreakoutThe GBP/USD pair on the H1 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2710 Target Levels: 1st Resistance – 1.2812 2nd Resistance – 1.2905 Stop-Loss: To manage risk, place a stop-loss order below 1.2650. This helps limit potential losses if the price falls back unexpectedly. Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud. Thank you.
Long
by KABHI_FOREX_TRADING
8
Sell USD/JPY Wedge BreakoutThe USD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position below The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 157.55. Target Levels : 1st Support – 156.00 2nd Support – 155.20 Stop-Loss: To manage risk, place a stop-loss order above 158.35. This helps limit potential losses if the price falls back unexpectedly. Thank you.
Short
by KABHI_FOREX_TRADING
1
Sell NZDJPY Wedge BreakoutThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry : Consider entering a short position around the current price of 96.70, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 96.17 2nd Support – 95.82 Stop-Loss: To manage risk, place a stop-loss order above 97.20. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
1
UNG Natural Gas ETF now rising from its reversal LONG (XNGUSD )UNG on a 120-minute chart has reversed from a long trend down which started in mid -January. This was a steep trend down from the start into mid- March where the trend angle lessened in a period of relative consolidation until May 1st where the reversal occurred. This is a falling wedge breakout with the trendlines of the wedge in thick red and thick green for resistance and support respectively. The VWAP band lines have been downsloping. Price is breaking through the lower band lines and heading toward the mean anchored VWAP line. Price is now above a EMA 100 Keltner Channel which is now trending up. I will take long trades here of both shares and call options. The targets are marked with black horizontal lines from pivots in Jnauary. The are in the levels of 21 and 26 for now. I would not be surprised if UNG moves up and targets the highs of last October at 30 in the upcoming months. Many utility companies this summer will be burning gas to generate electricity needed for air conditioning and demand should be rising.
AMEX:UNGLong
by AwesomeAvani
1
AUDUSD Long Opportunity: Leveraging Bullish Patterns for StrateHello, fellow traders! AUDUSD presents an enticing opportunity for long positions, backed by the confirmation of a Bullish Fib-3 Bat Pattern on the 4-hour chart and a Bullish Wedge Breakout on the 1-hour chart. Let's explore three effective ways to engage this trade: 1. Retest on Support Line at 0.6613 (1-Hour Chart) - Strategy : Wait for a retest of the support line at 0.6613 on the 1-hour chart and enter a long position upon confirmation of support. - Rationale : This support level offers a favorable risk-reward setup, providing a low-risk entry point for bullish trades. 2. Retest of the 1st Trend Line (1-Hour Chart) - Strategy : Look for a retest of the first trend line on the 1-hour chart and initiate a long position if the price bounces off this trend line. - Rationale : A successful retest of the trend line validates the bullish momentum, offering an opportunity to enter the trade with confidence. 3. Retest of the Fib-3 Bat Pattern at 0.6600 (4-Hour Chart) - Strategy : Enter a long position at the 0.6600 level, which corresponds to the Fib-3 Bat pattern and serves as a significant price-action level. - Rationale : The confluence of the Fib-3 Bat pattern and the key price-action level enhances the reliability of this entry point. Risk Management - Set appropriate stop-loss levels for each entry strategy to manage risk effectively. - Consider position sizing based on your risk tolerance and overall trading strategy. - Monitor the trade closely and adjust your strategy if market conditions change. Final Thoughts With a Bullish Fib-3 Bat Pattern and a Bullish Wedge Breakout in play, AUDUSD offers multiple opportunities for long positions. By strategically entering the trade using any of the outlined methods, traders can capitalize on the bullish momentum with confidence. Happy trading, and may the markets be in your favour!
Long
by RaynLim