Forex traders often use chart patterns to obtain strategic insights to help guide their currency trading activities. Among the array of available chart patterns used in technical analysis, the wedge ...
When wedges appear on the exchange rate chart for a currency pair, it can indicate to an astute technical forex trader a coming reversal or continuation of the preceding trend. The rising wedge ...
As you begin to get familiar with technical analysis, you’ll start to see three distinct types of forex chart patterns emerge. While you might be looking for wedges, flags, channels and triangles, the ...
Wedge pattern trading is another basic concept that most beginner day traders need to familiarize themselves with. It takes cues from ABCD and flag patterns. And it ...
Sell the GBP/USD pair and set a take-profit at 1.3400. Add a stop-loss at 1.3615. Timeline: 1-2 days. Bullish view Buy the GBP/USD pair and set a take-profit at 1.3615. Add a stop-loss at 1.3400. The ...
The Euro is giving away most of the gains taken on Wednesday on Thursday, amid the softer-than-expected UK inflation data, ...
We talked about USDollar Index (DXY) already back on August 07, where we mentioned and highlighted an ongoing wedge pattern, ...
A bear wedge is a pause in the current trend. The trend can either reverse or continue after its formation. For shoe-loving Invest Divas, this could be the perfect metaphor so you don't ever miss it ...
Peter Brandt warns Bitcoin may have topped, citing a 1970s soybean pattern and forecasting a drop to $60k. Another analyst ...
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