GBP/USD

 

GBP/USD 14-Dec-10:00 -> 06-Jan-14:00 Target Level: 1.3703

SL: (A) 1.3559 Last TP of Rising Wedge RL: (B) 1.3703 Last TP of Rising Wedge Target Period: 2 days   Interval 4 hour Pattern Rising Wedge Length 48 Candles Identified 05-Jan-18:00

Rising Wedge identified at 05-Jan-18:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3703 within the next 2 days. Supported by Upward sloping Moving Average

GBP/USD

 

GBP/USD 18-Dec-13:00 -> 05-Jan-11:00 Target Level: 1.3703

SL: (A) 1.3554 Last TP of Rising Wedge RL: (B) 1.3703 Last TP of Rising Wedge Target Period: 3 days   Interval 1 hour Pattern Rising Wedge Length 185 Candles Identified 05-Jan-10:00

Rising Wedge identified at 05-Jan-10:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3703 within the next 3 days.

The most powerful patterns for Forex traders

EUR/USD

 

EUR/USD 09-Dec-10:00 -> 05-Jan-14:00 Target Level: 1.2310

SL: (A) 1.2209 Last TP of Rising Wedge RL: (B) 1.2310 Last TP of Rising Wedge Target Period: 2 days   Interval 4 hour Pattern Rising Wedge Length 58 Candles Identified 04-Jan-14:00

Rising Wedge identified at 04-Jan-14:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2310 within the next 2 days. Supported by Upward sloping Moving Average

EUR/JPY

 

EUR/JPY 15-Dec-06:00 -> 05-Jan-14:00 Target Level: 126.0840

SL: (A) 126.0840 Last TP of Triangle RL: (B) 126.7925 Last TP of Triangle Target Period: 2 days   Interval 4 hour Pattern Triangle Length 41 Candles Identified 05-Jan-10:00

Triangle identified at 05-Jan-10:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 126.0840 within the next 2 days. Supported by Downward sloping Moving Average

trading breakouts

 Traders need to know trading breakouts can be high risk, high stress, low reward, and low probability or this strategy can be low risk, low stress, high reward, and high probability. The difference lies in how you enter into this type of trade. The correct breakout entry works in any market and any time frame.  The key facts to making these work takes time and the ability to learn the proper technique.  When taking any buy or sell entries in markets, make sure you know exactly where price is with regard to the larger time frame supply  demand curve. Whether you trade Stocks, Futures, Forex, and Options, learning to trade breakouts properly will make the trader money.

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