Wedgebreakout
EURUSD possible tradeWhen we look at the chart we can see that it is touching the wedge. It will be interesting to see if this wedge holds but I think that it will not hold. I personally think that the wedge will first do a fake-out, than there will happen retest of the wedge. When it than does the breakout of the chart we will see that it will dropen even more. We do have to also keep an eye out for the DXY because there is a correlation between those 2.
We do have to wait until the market opens to see what will happen but I think that a drop is possible.
If you like what the idea please leave a like and a comment.
Important: This is just an idea that I have. I am not telling you to buy/sell anything. What you do with the information that I give you is totally up to you.
Possible trade for AUDUSDWhen we look at the chart we can see that the wedge has been broken for the second time. We can see that the first breakout of the wedge was a fake-out so the chance is very good that this is the real breakout of the wedge. We are a little late because it already went down. I had a setup for this one earlier that was closed in profit and reversed signal that was in profit also. After that I went back to this setup so I am already in profit. you can still enter and ride the down wave. We do have to look and see what it does when it is close to the longer time wedge that there is. It will possibly struggle a bit there but if it breaks out of that wedge also than it could drop even more.
If you like what the idea please leave a like and a comment.
Important: This is just an idea that I have. I am not telling you to buy/sell anything. What you do with the information that I give you is totally up to you.
MTHBTC | Breakout Trade
MTHBTC is currently trying to break the resistance shown in the chart.
If broken buy the retest of the flipped support for a good entry.
Take profits are at 33%, 77% and 140% respectively.
Never buy into the resistance! Always wait for it to flip to support and buy the retest.
The Aroon Indicator shows a bullish continuation ahead.
Thank you!
AUDUSD Possible SellWhen we look at the chart we can see that the wedge is tested at the moment. What we would like to see is that it breaks out of the wedge and than do a quick retest of the wedge. When this happens we will short this pair. What is also very important to take away from this chart when we look at it is that the 0.382 level of the fib has been respected in the past. What I would do is make sure that when I take this trade that I secure some profits at that level.
Please let me know in the comments what you think of this setup.
Possible trade for AUDUSDWe can see that the wedge has been broken and that there was a small retest of the wedge. This could be the fake-out before the big jump or this could be the big jump. Have to keep an eye out for this one.
If you like what the idea please leave a like and a comment.
Important: This is just an idea that I have. I am not telling you to buy/sell anything. What you do with the information that I give you is totally up to you.
Possible trade for AUDJPYWhen we look at the chart we can see that there is an upper wedge that is being tested. Once it does breakout of it I think that the price will retrace to the wedge. When this happens we can go long on it. We do have to keep in mind that there is also a lower wedge in play. So when the price retraces we have to look out that it does not go back down to much because when that happens it could be that it does the reversal of what I think and that it goes under the lower wedge, retests the lower wedge and drop even further.
If you like what the idea please leave a like and a comment.
Important: This is just an idea that I have. I am not telling you to buy/sell anything. What you do with the information that I give you is totally up to you.
USDCHF > Wedge Pattern, Bullish Breakout?!Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏.
Analysis of #USDCHF
The pair is the trading inside a wedge pattern and we can expect a break to the upside if the Swiss bank did not manipulate this one.
I will enter the trade here if it was not Friday but will reevaluate next week
⚠ Please note the ideas is valid only if it happened as I said above
Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌
Check today analysis below
Stay safe everyone
_____________________________________________________________________________
Before trading our ideas make your own analysis.
_____________________________________________________________________________
Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only
Huge SPY Bearish Move. Breakout from Ascending wedgeSPY breakout from an ascending wedge. Pretty much however you slice it, looking quite bearish. MACD and RSI support this.
Unless the Fed/Government prints some fresh monopoly money, common retrace zones will put you in the 280-270 range in the near-mid term.
My opinion only, not advise to buy or sell, I am not a professional trader/ financial advisor. And this is my first post... lets keep it real people!
Avinger Monster Wedgie! (AVGR)Up late scouting some penny stock positions to start rolling some capital into, this one stood out!
As you can zoomed out on the weekly timeframe the candles are shifting green but are still under this tight compression in this monster sized falling wedge chart pattern. This looks really good! These are ideal chart setups that you want to look for, especially in penny stocks as when they breakout they can surge with high volatility. Let's zoom in and see what levels we want to play.
GOLD Could See $1800, Wedge Break!Gold seems to be busting out of the wedge towards its next stop of $1800. I think we might get above there to see a new range of $1800-1900 assuming we hold an inverse correlation to the macro. In 2009 and forward moving out of the financial debacle you saw GOLD recover faster and harder with inverse correlation. At the moment the economy slowed down, Gold did too. What we want to see is a true inverse correlation, I thought it would be too soon, but the chart maybe telling us different. Being conservative I would put a trade on after confirming $1750 on the daily.
ADRO C&H + Wedge BreakoutPrice has broken out of a wedge pattern that comprises the handle portion of the C+H. Consolidation in handle/wedge has occurred above an upward sloping 200 day SMA which had acted as resistance for 4+ years. MACD bullish cross occurred 5/21. It is a buy on a pullback to the breakout level around $3.15. Stock must stay above $3 for me to maintain a bullish bias. Price target of $5, I wouldn't settle for anything less than $4.30.
EYEG Wedge Breakout + MACD CrossPrice consolidating atop the 200 SMA, and recently the 50 SMA. MACD bull cross, and RSI finding strong support on top of the 50 EMA of the RSI convey upside momentum bias (I find the 50 EMA on the 14 RSI to be very informative, I recommend you try it for yourself). I am looking for price to stay supported by 5 day SMA and I will look to buy the wedge breakout to the upside. The $4.80 level that has been local support is also a .786 retracement of the move off the Aug '19 lows to the Dec '19 highs. As usual, try to get in on the post breakout pullback but if volume is strong I'll probably just jump in. Minimum target is $6.50, an area I think is key resistance although the measured target given the size of the wedge is +$8.00.
MU Long, Using "MM_SMA_Swing" to find trading opportunity Add "MM_SMA_Swing" with input: Show SMA(50), Dev (1%)
Add EMA(144)
Draw trend lines, Verify the price action:
1. Wedge breakout to up side,
2. Pull back to re-test the trend line
Entry: 47
Stop: 45; when trend line break, also Below EMA144 and SMA50
Target1: 53; risk/reward=1:3
Target2: 58; risk/reward=1:5
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.