Trade idea for EUR/USDWhen we look at the chart we can see that the price is close to the wedge. What we are now waiting for is for the price to get to the wedge so we can short it.
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Wedgebreakout
Trade idea for NZD/USDWhen we look at the chart we can see that the price is going to retace to the wedge. Once this has happend we could look to go short on this one.
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Trade idea for EUR/GBPWhen we look at the chart we can see that the price just went above the wedge. What we are waiting for now is for the price to retest the wedge. There is a chance that the price won't retest the wedge because there is also a good divergence happening. A divergence is a good indicator that the price is going to revers so if the wedge is broken and there is a divergence happening at the same time, a lot of the time the price does not retest and just takes off.
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Trade idea for AUD/USDWhen we look at the chart we can see that the wedge was broken and that it is now retesting the wedge. The first break of the wedge was a fake out so if it now goes back to the wedge and falls again it should be the real drop.
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COMP: COMPOUND WEDGE BREAKOUTPrice of the COMP is on the possible breakout from Wedge pattern.
Price can increase for the several levels inside range of 220 and 180.
Pls, do not forget price of the COMP is quite high, and recently it increased from 60$ up to 380$
So i greatly advice to decrease risk in the trades which increased that much recently. Always use Stop loss to avoid unnecessary loss.
According to my view I think price can make some rebound around 199-200 zone and back to 180.
Thanks for attention, stay safe
This is Artem Crypto.
Trade idea for GBP/JPYWhen we look at the chart we can see that the price is testing the wedge. We will be waiting for the wedge to break to go short. Than we need to asses if it is a breakout or a fake out.
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BTCUSDT creates wedge inside huge triangle 🦐BTCUSDT creates wedge inside huge triangle, be careful.
I'm neutral at the moment
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Trade idea for USD/CHFWhen we look at the chart we can see that the price is looking to break the wedge. We were already long on this one but closed it because it is not sure what it is going to do with the wedge. So when it crosses the wedge we will go long again.
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Trade idea for AUD/USDWhen we look at the chart we can see that the wedge has been broken. The thing that we need to find out now is if this is a breakout or a fake out. What do you think?
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EUR/GBP ideaWhen we look at the chart we can see that the wedge has been broken. It is rough to say what is going to happen now. I will wait to see what happens on Monday because the US is not open today so it will be a slow ending of the week.
The thing that could happen is that it will go up and than does a retest of the wedge but there is also a chance that it will not do a retest because this is something that happens a lot since the pandemic.
The risk reward ratio will be good in this trade but we have to wait and see what it does on the opening on monday
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Possible trade for GBPCADAs we take a look at the 15min chart we can see that there is a wedge formed and that the price is testing the wedge. What I think is going to happen is that the price will go above the wedge and than do a retest of the wedge before it will go up good. What we need to keep in mind is that since the pandemic there was a lot of trades that broke a wedge but did not retest the wedge. So what also is a chance is that it just takes off and does not do a retest.
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Idea for USD/CHFWhen we look at the chart we can see that the wedge on the 15min has just been broken. Will be waiting for the candle to close but look very good for a short trade. Do keep in mind that it has a very close SL. Also notice that the US had a holiday today so that the market will be slow today so the chance is big that if you enter the trade that you need to keep it over the weekend. If you do keep the trade over the weekend be sure to have a good risk management to cover possible gaps if there is news on the weekend.
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Trade idea for EURUSDWhen we look at the chart we can see that the wedge has been broken. We do have to wait and see if there is going to be a new retest of the wedge. When there is a good retest we could consider to go long on this one.
Please let me know in the comments what you think of this.
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