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Wedgebreakout

BTC possibly one more move down before hitting $13600Highlighted boxes indicate similar accumulation before it broke out to make higher highs. In April 2019, BTC consolidated for over a month accompanied by bullish moving average reversal. August 2020, We have bullish reversal of MA, a bounce of long term MA, long term and short term wedge breakout. 120EMA is a strong dynamic support for BTCUSD even before the bull run in 2017. Strong rejection of 120ema is a good sign. Entry : $11,200 50% TP1 : $13,700 SL (Mental) : $10,450 R/R - 3.5 :1
COINBASE:BTCUSDLong
by ashainp
EUR/USD could go upWhen we look at the chart we can see that the price has broken a falling wedge. We are now waiting for the price to go and retest the wedge. Once we get back to the wedge we could consider to go long. If we look at DXY we can see that the price is below a small time support level so if the price stays below that level we could go long before the retest because it can be that the price isn't going to retest the wedge after that because the weak Dollar will push the price higher. Please let me know in the comments what you think of it. If you like the idea don't forget to give it a like and follow me for more ideas. If you have any questions, feel free to PM me.
Long
by MaBaCapital2
$CCL breaks months-long flag and is cruising for a ~50% moveThe break of the flag which was followed up with a near perfect bounce off a retest of structure. Went long after it was noticed that this move coincided with significant dark pool buying activity and unusual options activity on August 6 and 7. In the short-term, looking to target $17-$17.50 in the next few days to take most profits off and then add back in during a pull back. Long-term will look to take profit around $20.
NYSE:CCLLong
by tradefarmer
Bank Nifty - Crucial couple of days aheadBank Nifty having broken down the rising wedge has the potential to chase the lower side of the parallel channel. In that journey, what we hope today and tomorrow is that it takes support and reverses around 20500 because a fall from those levels can see it dive to 19000 which would also bring Nifty50 down to 10400-10500. Basically the price has been moving within the parallel channel but Divergence and Wedge were added here to explain clearly what the market is communicating via indicators and price action and how to spot reversals.
NSE:BANKNIFTY
by CannySunny
1
Trade idea for GBP/USDWe can see that the price is close to the wedge and close to the resistance zone. We can see that the price already did a fake out. We do have to keep in mind that there is some news coming out today that could boost the price up and above the resistance zone if the news is good. So with all the news coming out please make sure to keep this trade low risk. Please let me know in the comments what you think of it. If you like the idea don't forget to give it a like and follow me for more ideas. If you have any questions, feel free to PM me.
Short
by MaBaCapital2
2
GOLD rise or a rising wedge? 🦐Afte the sharp move that we have seen in the last few days the market slow down and created a wedge formation. The price has never retraced and we could expect a break of the wedge and the daily structure for a retracement of the previous move. If the market will break the wedge and the daily structure we can set a nice short order according with our strategy. ––––– 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.
OANDA:XAUUSDShort
by InkyGrip
6
Long term downtrend EURJPYFrom what I can see the long term of the EURJPY still down trend. It has broken out the wedge pattern that has form since around 2008 and has broken out around aug 2019. currently the bottom of the wedge is being tested again and IF the end of this month or couple months from now show any sign of bearish trend shift again would be a good time to find opportunity to shot and hold for a massive dump. This is my first few analysis if anyone has any different view or ideas feel free to share. good luck trading.
Short
by Fish_Fillet