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Wedgebreakout

USDJPY Wedge Breakout? 02.03.2023The day is not filled with important news announcements giving room for the pairs to create trends. This pair has formed a rising wedge that has just possibly broken downwards. The green arrow is showing the estimated path and the next possible support. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Short
by Stuart_Cowell
3
AUDUSDHi AUDUSD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
EURCAD Rising Wedge? 09.02.2023 The indication of a rising wedge is rather low in quality. However, we can be optimistic about the rapid moves that EUR can have during the next 2-3 hours or even during the evening session. We are looking forward for the breakouts and expect sharp moves reaching the support and resistance levels as indicated by the arrows. Breakout upwards: to reach 1.4801 would have to also break the 1.44503 resistance. That is why more caution is needed here. Breakout downwards: more font of this one. might reach until 1.43641.
by Stuart_Cowell
1
j.Hejazi | EURO index Sell Signal WatchThe price attempted a false break out of the ascending wedge and was rejected by the yearly resistance at 1033, leading to a downward move. A divergence is evident on the MACD indicator. In order to consider a sell signal, we need to wait for the price to break down to 1025.5 ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
PEPPERSTONE:EURXShort
by Candlestick_OB
j.Hejazi | Bullish Signals for DXYThe US Dollar Index has produced a bullish engulfing candle on the weekly timeframe after failing to break down the weekly resistance level at 101.50. On the daily timeframe, there is a breakout of the falling wedge pattern with a positive divergence on the MACD indicator. The price still has three more resistance levels to overcome before it can be considered a buy signal: the yearly ascending trendline, the 103.5 resistance level, and the 50-day moving average. Once the buy signal is in play, the potential target may be 105.70, but the price may fall to retest 103.5 to form a head and shoulders pattern. ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
TVC:DXYLong
by Candlestick_OB
SBUX Near Crucial Levels and $117 is the Next TargetOn the daily chart, SBUX swings within the middle of an ascending wedge and tries to stabilize above the horizontal resistance area between Fibonacci level of 78.6% at $107.23 and $108.87. While we are now waiting for SBUX to breakout above the ascending wedge, which paves the way to advance towards $117.80-120.76 as initial targets. With setting the levels of 126.32-131.24 dollars as additional targets in the case that the SBUX managed to exceed the previous targets and hold above them. On the opposite side, if SBUX fails to hold within the rising wedge range and breaks down, we may witness a return towards the previous swing area near the level of $103.89 and also near the EMA-50. If SBUX also breaches these lines, we may witness a further decline towards the levels of $98.93-96.17 as next bearish targets.
NASDAQ:SBUXLong
by SamerHa
EURUSD > Might Provide Buy Entry Soon!!Analysis of #EURUSD Hi traders, today we will have a look at #EURUSD As you can see looking at my chart, you can see the EURUSD is consolidating inside this rising wedge, looking at the chart, we have a structure support zone and trend line support zone all lining up at a critical market level which will be good to look for a buy entry if the rules are met I will consider buying at structure support zone, small buy I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
14
DOTUSDT wants the new Higher High?DOTUSDT has recently had a breakout from a falling wedge pattern. A falling wedge is a bullish reversal chart pattern that is formed when the price is trending downwards but starts to converge in a tighter range. This pattern is characterized by a series of lower highs and lower lows that are connected by two trendlines that are sloping downwards. The breakout from the falling wedge is a bullish signal that the trend is reversing and the price is likely to move upwards. In the case of DOTUSDT, the price retested the daily resistance as support and started to create a series of higher highs and higher lows. This is a sign of bullish momentum and traders should be watching for further price action. The price of DOTUSDT now needs to create a breakout from the 6.9$ area to create a new higher high. A breakout above this level would indicate that buyers are in control of the market and the price is likely to continue moving upwards. Traders should be monitoring the market closely for any potential breakout above 6.9$ as it could signal a continuation of the bullish trend. Overall, the falling wedge pattern and the recent price action of DOTUSDT suggests a bullish reversal and traders should be monitoring the market closely for any potential breakout above 6.9$ to confirm the trend continuation, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
WAVESUSDT is testing the supply zone inside a rising wedgeThe price had a nice breakout from the descending channel on the daily timeframe. After the breakout the market had another breakout from the static daily resistance with volume on 1.8$ area. on 4h timeframe the price is testing the supply zone, the 2.5$ area is a key level for WAVES, and now the market is creating a rising wedge. A rising wedge is a bearish chart pattern consisting of two converging trend lines, with the first line connecting the recent lower highs and higher highs, and a second trend line connecting the recent lows. The resulting shape looks like a triangle that is angled upward. The opposite of a rising wedge pattern is a falling wedge. What's next? If the price is going to lose the local support and retest it as new resistance we could see a retracement until the previous daily support on 2$ area
W
by InkyGrip
6
USDCHF on a falling wedge 🦐USDCHF on the h chart is trading over a support area. The price recently moved out from the 2 narrowing trendlines that were creating a falling wedge. We see an accumulation phase and a possible move to the upside can be expected. How can i approach this scenario? After the liquidity grab over the support area the price started a move to the upside and will test the 1st resistance area. According to Plancton's strategy if the market will break above we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger
by InkyGrip
8
DOTUSDT is inside a falling wedgethe price is creating a falling wedge after a bounce on the weekly support in the 6.1$ area. After that, the market started with a sequence of Lower Lows and Lower Highs, a typic downtrend movement. Recently the price had a new breakout from the previous Lower Low, and retested the dynamic support of the Falling Wedge. How to approach it? The price could create a new LH, above the 5$ area in order to create a last LL on the weekly support to brave the liquidity. The weekly support is a key level for DOT, where the previous bull run started. Otherwise, If the price is going to create a breakout and new HH, we could apply MTB in order to follow the reverse movement
by InkyGrip
20