Interesting long term wedge for LTC-USD pair The chart speaks for itself, but shows an interesting longer term buying opportunity.
Wedgebreakout
EUR/USD at important wedgeWhen we look at the monthly chart of EUR/USD we can see that the price is getting close to a monthly falling wedge that started back in 03/2008. If the price is able to get above this level we could see some major moves.
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AUDJPY, Bearish Wedge signifies a continuation of SELLThe impulse sell has resumed with a breakout form the bearish wedge as shown on the H4 chart
Risk reward ratio is around 2.5
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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.
DAX at Daily wedgeWhen we look at the chart we can see that the DAX is testing a daily wedge. Do you think it will be able to stay below it?
We can also see that there could be an elliott wave formation in play.
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Possible trade idea for EUR/JPYWhen we look at the chart we can see that the price just went below a rising wedge. If it now drop and we than see a retest of the wedge we could consider to go short on it.
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DASH BreakoutDASH broke out of wedge shaped consolidation pattern and looks ready to take off.
Finding resistance on $78.50 so we could see a pullback from here.
If we break above, it will generate a buy signal and we can try to buy the retest what will confirm a S/R flip.
Ideal entry would be around $72 if it holds.
Could be a profitable swingplay
Keep an eye on BTC and of course use risk management
Trade safe guys!
BTCUSD ready for a big moveTight consolidation: Accumulation or distribution?
Trending between lower daily level and upper weekly level.
Staying in the range to breakout sideways.
Weekly level exhaustion: Breakout higher more likely.
1st target= $10,400 level
Bitcoin breaks the major trend line !As you can see bitcoin breaks it's major trend line which pushed it down from 20,000$ and 13,000$ previously. Now we can see BTC over the trend line in weekly time frame and I expect that we can see a new bull run in coming weeks.
MTLBTC(METAL) bullish +25% upsideTA,
-40EMA cross 120EMA: Long term trend confirmed
-5EMA cross 20EMA: Short term trend confirmed
-Ascending triangle breakout
-A daily close above a key level of support
Short term target: 4755 sats
Long term Target: 6032 sats
FA,
- Send money and earn 5% in METAL
-Alt season
-YOLO
Muthoot Finance - A breakout? good volume tooMuthoot breaking out of falling wedge.
Break out around 1186 levels.
So it will be a buy aroung that level for 200 Rs target say 1350 to 1375
height is 368
I have subtracted from base to breakout.
so that gives around 200 Rs
Tomorrow (Monday) if available around 1186 to 1200 will be interesting.
Stop loss at bottom triangle close and open levels.
UK100 SHORTPrice breaks out of the wedge for a sudden drop. This is a short term target as I believe the price will continue on an up trend once support has been reached.
$THRM #bullish #breakout from #wedge on weekly #chart$THRM stock price made an intermediary top back in SEP'18 and since then it has traded downwards inside a nice wedge
After a failed move it has managed to breakout in OCT'19
Result that came out at the end of OCT'19 were not great and the stock has retested the breakout , but the price action held above and now the stock has resumed the uptrend
MACD and RSI very supportive of the move higher as per chart
Targets are:
T1 - top of the wedge at 50.30
T2 - measure move of the breakout from the wedge at 54.10
Good luck,
TA
Possible trade idea for GBP/USDWhen we look at the chart we can see that the price is testing the wedge. If the price is able to break below the wedge we could consider to short it. We do have to keep in mind that it could be a fake out first and then the price does a retest of the wedge before it drops good.
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$NVAX rising wedge forming on the dailyThere is a rising wedge forming on $NVAX daily chart. Bio stocks could break out to the topside with any news but this is a very bearish reversal pattern. Look for a play when it breaks the trend either way. Gap to the lower end could be filled.
Trade idea for USD/CHFWhen we look at the chart we can see that the price broke above the wedge and is now retesting the wedge. This could be a good time to go long on this pair.
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