Wedgebreakout
USDCAD Short ZonesUSD CAD is forming rising wedge and chances it may breakout on opposite sides.
TP lines are marked for convenience.
Only trade after breakout re testing.
Hope good profits for everyone.
Do comment and guide me if see some shortcomings.
waiting for response and setup to work in our favours :)
Tesla Broke Descending Wedge Tesla broke descending wedge pattern on Thursday, December 22, 2022. There is heavy open interest at the $130 OTM strike price expiring 12/23/22. The stock has the potential to tap the bottom of the descending wedge pattern (yellow line) and fall down into the $90 range over the coming months. Also, gap fill below $100. We will see if gaps fill.
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AUDUSD might be heading short this weekAUDUSD is in a strong resistance area, touching the daily 200 DMA, a descending trendline, a 61.80 Fib, and a supply zone,
We could see a wedge pattern with a divergence if we look closer at the price action.
I believe we could see 0.66095 and 0.65534 this week,
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Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!
Sharp Drop On USDCHF Can Be Positive For GoldAn ending diagonal is a special type of pattern that occurs at the end of the trend. Normally it causes a sharp reversal as it happened recently on USDCHF. The question is where we go from here? Well, we have five waves down on Swissy which means more downside is possible after a three waves up. And if that would be the case then Gold can rally further based on strong correlation between CHF and GOLD.
EURUSD - BEARISH RISING WEDGE 📉The EURUSD price is in Bearish Rising Wedge & Double TOP Pattern 🧐
The neckline is broken 🔥 the support line of the rising wedge is broken 🔥
so, i predict a bearish move 📉 i'm waiting for a retest 📈
TARGET: 0.95952🎯
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if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
GBPCAD - BEARISH RISING WEDGE 📉 The GBPCAD price is in Bearish Rising Wedge & Double TOP Pattern 🧐
The neckline is broken 🔥 the support line of the rising wedge is broken 🔥
so, i predict a bearish move 📉 i'm waiting for a pullback 📈
TARGET: 1.51932🎯
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if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
$STNE ShortConfirmed triple daily bearish divergence, price has broken demand line of a rising wedge pattern.
Targeting two volume shelves which lie on the 0.382 & 0.618 fibonacci levels.
Longer term position targeting a fill of the daily gap.
#STNE
Nova Royalty Corp AccumulationI will be accumulating Nova Royalty Corp👑 shares in the BUY ZONE 2.1-1.8 USD, as I think this zone will provide strong support. My 1st target will be 4.8, 2nd 9.8.
ENTRY : Buy in the 2.1-1.8 USD zone
SL : no SL, it's rather investment than trade
TARGETS : 4.8, 9.8
Like👍 & Enjoy📺!
USDCAD > What to Expect Next!?Analysis of #USDCAD
The USDCAD might have reached its top, and now in the process of shifting trends, we could have a very valid sell setup
as you can see the USDCAD broke out of the wedge pattern and now trading below its trendline support, which now become a trendline resistance.
the market retested the trendline and now moving lower, if the daily candle closed below 1.3700 today, we have a confirmation, and this is a valid breakout if the market retreated and closes above 1.37500, this is a fake break, and better wait for better confirmation
Thanks for your continued support!
Tightening Range on OilWatching WTI this morning as we continue to see it tighten between the recent downtrend line and the high line from the daily down channel from a few weeks ago.
The high line was respected from Oct 5th -7th, even though we haven't had a precise close on the 30min TF, price has rejected from that area so I think this is safe to view as a descending wedge.