Get started

Wedgebreakout

Trade Idea for AUDJPYWhen we look at the chart we can see that there was a breakout out of the wedge. What I think is that it is a fake out and that the price will drop one more time before it goes up. If this is a breakout and it can brake above the resistance zone than I will also be looking to go long on it. What we also need to keep an eye out for is that if the price is going to drop. That it does not brake the lower wedge that you see on the chart. Please let me know in the comments what you think of it.
Long
by MaBaCapital2
Idea for DXYWhen we look at the chart we can see that the candles are close to the wedge. What we are waiting for is for the candles to break above the the wedge. When that happens we need to see if it is able to break above the resistance level. If it breaks above the resistance level we could go long than. When it gets rejected at the resistance level we wait for it to do a retest of the wedge and when that than happens we go long. We do have to keep an eye out for the resistance level if we go in after the retest of the wedge.
TVC:DXYLong
by MaBaCapital2
Possible drop in S&p500When we look at the chart we can see that there was a wedge breakout on the 1H chart. I think that this will be a wedge fake out and that we will see real wedge breakout when it will retest the wedge. We can see that it closed very close to the wedge. We will have to see what it does when the market will open but i personally think that there is a good chance of another drop. Please let me know in the comments what you think. Disclaimer: This is just only for educational purpose. I am not telling you to Buy/Sell anything.
TVC:SPXShort
by MaBaCapital2
2
USDRUB LongFrom a monthly PoV, pair has retraced to around the 61.8% fib level, which lines up with previous market structure (i.e resistance). If this level will hold as support, then it could be the point where retracement end. Target is gotten from the weekly chart at the previous weekly support; further conflunce for target is that it lines up with the 38.2% fib level taken on the retracement leg from the monthly chart. On the daily chart, market is forming an accumulation in the form of a wedge/pennant. If the pair would break out of this structure with a strong impulse on the daily chart, then entries can be sought on the retest of the structure, either on the 4hr, 1hr or lower time frame, depending on preference. Patience is important. Best of luck!
Long
by Koyejo
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.
Short
by MaBaCapital2
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.
Short
by MaBaCapital2
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.
Short
by MaBaCapital2
1
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.
Long
by MaBaCapital2
1
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
Long
by TheTradersAvenue
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.
NASDAQ:AVGR
by UnknownUnicorn2319099
34
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.
TVC:GOLD
by ChartProphet
3