Wedgebreakout
GBPUSD LONGGBPUSD 4HR
GU Has been forming a falling wedge since the 12th December 2019 and price is now retesting the bottom of the trend line which has been tested and rejected multiple times. On the daily time frame, the pair has been in a corrective phase for numerous months now and could now potentially break out of the falling wedge and continue impulsing to the up side.
Any suggestions leave in the comments below:)
AUDUSD - Short Wedge pattern forming on AUDUSD
Waiting for a break and close on the wedge and will then be looking to go short.
Looking to see if this pair can make it all the way down to 0.63 flat.
Lets see how it plays out
XRP INCEPTION!!Okay, this idea is a little crazy but XRP is in a much deeper game than the deep game I assumed we were in! It's a Massive Falling Wedge, within a Three Drives Pattern, within a smaller Falling Wedge, within a smaller Three Drives Pattern. Prepare for short liquidations to $0.35. Take my idea with a grain of salt. Good luck out there. Margin traders, you'll need it the most.
If you like this idea, good for you!
--> I've listed my previous posts supporting this idea. Follow me, i'm VincentX {Inserts_derogatory_female_canine_word}!
CRSP LONG breakout potentialCRSP got some attention a few months ago with the Netflix series "Unnatural Selection" in which it melted up for a while before crashing down on profit taking
As CRSP broke its minor downward trendline and came back down to a retest, a long position with a good reward to risk ratio can be entered with a tight stop.
Factors leading to the decision:
The recent downtrend has been broken after price recently bounced at a major support line
The 20ma was broken, pulling in moving-average traders off the side-lines
A recent low offers a perfect spot to put a logical technical stop
Price is now finishing a retracement after bouncing off recent highs, so we can avoid that pain by entering now that the retracement seems to be flattenting out
As always, respect a tight-stop. If it rips up, let it run and trail stops behind.
USDCNH Bullish Wedge with Long SetupThe Bullish Falling Wedge in the USDCNH pair has broken upwards, but in the overbought Long Signal.
Therefore, in order not to forget, I think the stop level should be kept a little wide.
Coronavirus is among the conditions that adversely affect the currency.
I hope this situation is taken in the name of control without further threatening the health of people.
This analysis may be more risk-free under the following parameters:
Risk/Reward Ratio : 1.32
Position Size < %1
Stop-Loss : 6.93151
Goal : 7.0551
Regards.
Palladium : Remember, You only have One Bullet...Hello !
First of all , if you think this analysis is useful to you,
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More importantly, let's get into comment sharing!
Let's start.
This is a one-try trade only.
XPDUSD 1W Chart :
Momentum seems to be slightly weakened, but the trend can be incredibly strong, misleading.
Our Risk / Reward ratio is 1/3
COT Position Status :
There are big reductions in positions here, but my opinion :
Short should only be considered for a permanence below Fibonacci 0.618.
And there is an incredibly forceful trend based on supply - demand.
This will continue violently in all directions for a while.
Parameters on Chart Presentation.
NOTE :
We definitely stop trading at these levels, including 2294 stop-loss.
For those who are at the computer: There may be under 2294 closings.
We definitely don't get stubborn under these places.
Best regards.
Breakout of falling wedge
1) Breakout of falling wedge
2) Cloud turned bullish
3) EMA crossover on daily and weekly
4) High bullish volume
GBPCAD : Long SetupHello Traders.
First of all , if you think this analysis is useful to you,
press the LIKE button after read )
Let's start :
GBPCAD 1W Chart :
GBPCAD appears to be under the influence of the negative signal but not closed yet.
But we move around in areas that are relatively close to Minor Support. (1.70235)
When we look at the data terminals, we see that GBP is advantageous in terms of both position change and price change compared to CAD in this period (Period : Autonomous LSTM Adaptive Period ) :
However, the price changes are very small and this can feed us on manipulations.
So we will keep our position size below the standard. (Position Size < %1)
Suggested Parameters :
Position Size : %0.33
Risk/Reward Ratio = 1/3
Stop-Loss : 1.71049
Goal : 1.74907
NOTE :
In the case of a negative scenario, we have to try again on the Weekly Minor Support (1.70235)
when this scenario is exceeded, so let's keep the position size in small amounts.
Regards.
EURUSD 1W WOLFE WAVE STRATEGY - Rising Wedge is a Bearish Bias When trading the best wolfe strategy you will find that after the entry is triggered your position should show you an immediate profit. This is because the reversal pattern that emerges from the wolfe wave chart pattern is very violent.
Once we’ve got the first five waves we have the general setup of the wolf wave. After the last wave has broken above the ascending wedge channel it’s the time to get ready for some action.
Step #1: Prior to the Bearish Wolfe Wave Formation look to have a clear Bullish Trend.
Firstly, before the first wave to develop we need to have a clear trend that needs to be reversed. For high probability trades, we want to see a prior bullrish trend before the bearish wolfe wave develops.
This step is quite essential if you want to correctly trade the wolfe pattern.
Now that we’ve identified a trend, it's time to apply the wolfe wave rules to the price chart. This brings us to the next step of our reversal strategy.
Step #2: Try finding a 5 wave move that can be contained in a channel. The last wave 5 must break above the wedge channel.
A valid wolfe wave is composed of 5 waves that follow some simple rules. However, the most important rules are that wave 2 and 4 must be contained within the channel created by Wave 1 and Wave 2.
Secondly, wave 5 breaks above the trendline created by wave 1 and wave 3.
Step #3: Sell after we break above and then a candle close back inside the Wedge Price Channel.
At the moment when the price enters and closes back into the price channel, we want to enter a short position. We like to wait for the close inside in order to eliminate possible fake breakouts.
Note*: If we don’t get a close back into the wedge price channel we don’t have a valid trade signal.
Another sign to look for is how quickly it goes back into the channel. We prefer to only trade the wolfe patterns that retrace very quickly back into the range.
This is a sign that a smart money reversal is at work.
Remember, in trading, you only want to trade the high probability trade setups.
Step #4: Draw a trendline that connects the wave 1 high and wave 4 low and extend it in the future. Take profit when the EPA line is hit or candle close below it..
The line that connects the wave 1 high and wave 4 low is called the wolfe wave EPA line.
The EPA line stands for Estimated Price at Arrival and it’s an effective take profit strategy. The EPA line main purpose is to show at what price the market will extend after it reversed the previous trend.
Note*: If the EPA line is too steep, often time it means that the price will never reach it. In this case, you want to take profits early.
Step #5: Hide Protective Stop Loss above Wave 5.
The protective stop loss can be located above the last wave or wave 5. This strategy gives us a very tight stop loss which is good for our risk management strategy.
Obviously that a break above wave 5 means we also break first above the channel and this will invalidate the validity of the wolfe wave chart pattern.
Note** the above was an example of a SELL trade using the best wolfe wave strategy. Use the same rules for a BUY trade.
Conclusion - Best Wolfe Wave Strategy
The wolfe wave strategy is a trading strategy built around waves the same like Elliott Wave trading. We use other trading concepts like channeling and price symmetry to find the best possible trade signals.
If the trade works in our favor then we have a really good chance to have a good trade in terms of risk to reward ratio. With trading experience, it will become much easier to spot the wolfe wave patterns.
GBPJPY Bearish Wedge Continuation Into Daily Support [Fat Long]GBPJPY Bearish Wedge Continuation Into Daily Support
XLM/USD:Wedge break to .092 hurdle, run to .14 reaching for .25 XLM has been a falling knife for two years with no sign of a bottom. XLM has been stuck under a descending trend line that it last tried to penetrate unsuccessfully last June during our bull run. XLM was one of the few that saw an additional rally in Nov 2019 and then saw its low .04 in the middle of December around the exact same time that BTC put its low in. This low also confirmed a descending channel that was on a direct collision course to penetrate the descending trend line and possibly push XLM above the descending trend line after two years of successful repression.
We formed a descending pennant/wedge and a channel where we broke up out of the pennant and the 2 year descending trend line around 5.Feb. Now we are stuck at the top of our newly formed channel. It feels like there is a good chance we could pull back to .06cents to validate the top of channel as support before heading back up to break the channel but also the way Crypto has been running, it may not look back.
-We know there is fairly strong correlation between XLM and BTC so it is likely BTC that will determine the overall outcome. If BTC breaks $10,600, there is a good chance we see it run to $14k. BTC still has a lot of room to do a perfectly healthy pull back. Overall sentiment and trend for BTC is quite bullish. The price of BTC is currently the #1 technical indicator for XLM so keep an eye on it.
-if we stay in channel, sink back below the trendline and continue descent. Look for a break back under the 2 year descending trend line (around .06cents) as a fairly strong sell signal with bottom of channel being a fairly strong buy signal (Around .036).
We just broke out, upward from a fairly large year long descending wedge, we broke out exactly in the area one would expect a wedge to break out. Because of this, it seems more likely that XLM, along with its flourishing relationship with IBM will continue to run higher. Expect some turbulence in the price points outlined - our next resistance at .092, but it’s a fairly light resistance, breaking it should see next resistance around .13 & .14 cents a nice 100% gain from today's price. If we beat out that .14 cent mark, there is a potential for a hiccup around .20 and then significant resistance around $.25 cents, about 350% gains from today’s price but still a long way from its ATH of almost $1.00.
This is not investment advice, its merely observations I have made in my efforts to do my own research. You should always DYOR!
Also please consider looking at real time and historic books and market depth signals at our site, vcdepth.io
Something else we do that no one else does is combine data and make our own OHLC dynamically on the fly based on the exchanges you choose. So here is all of the exchanges we track combined for a global view on XLM. Also we have the most common signals so such as RSI show here as well as our own signal, Market Depth Ratio (MDR) also shown here.>
The wedge will be broke to the upside?I just discover PRU and they seem to me like a promising opportunity.
The company has currently a fair PE of 9.5. A positive sales and earnings per share growth during the last 5 years. A debt/equity under 1, institutional ownership over 60% and positive insider transactions.
They also have an active presence in social networks and a decent amount of followers.
From my point of view, the stock will continue revaluing. The price is recovering and the resistance wedge will be broke to the upside. There will be maybe a retest over the wedge and the price will continue ascending. The historical maximum will be tested and probably won by the bullish trend, going from here toward higher prices before a correction.
Best regards.
BITCOIN train about to LEAVEreasons:
- BTC broke out of the consolidation channel indicating potential bullish trend
- BTC broke out of the falling wedge with a target of around $13,400
- 200 days of consolidation. Noting that the longer the consolidation period, the stronger and steadier the trend that follows.
- Back testing of the channel and wedge as support
- Back testing $9160 as support but has to break 9600-9800
- Strong uptrend
- Monthly candle bullishly engulfed. last time this happened was February.
- I don't recommend using leverage on this position
- Always do your own research before opening a position
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Long Buy XAUUSDBased on numerical analysis number of Wuhan coronavirus infections in February 5 would be 20,000. This virus could not be under control before February 13 and economy slowdown continues as many companies halted their activities. In this case XAU could break the rising wedge and see resistance in 1612. Support line would be 1570 and 1562. If price touch lower line of wedge get another long position.
