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Rising Wedge has broken through the support line at 08-Feb-16:00. Possible bearish price movement forecast for the next 2 days towards 82.2358. |
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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Rising Wedge has broken through the support line at 08-Feb-16:00. Possible bearish price movement forecast for the next 2 days towards 82.2358. |
FOREX trading boasts a 24-hour market, giving traders the chance to take advantage of profitable market conditions anytime. Secondly, the FOREX market is the most liquid market in the world. FOREX traders can enter or exit the market whenever they want, during almost any market condition. There also exist minimal execution barriers or risk and no daily trading limits. For all the advantages of the FOREX market, one glaring weakness emerges.
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Falling Wedge identified at 03-Feb-10:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.8884 within the next 2 days. |
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Rising Wedge identified at 02-Feb-21:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2294 within the next 2 days. Supported by Upward sloping Moving Average |
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Channel Up identified at 02-Feb-22:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 82.1925 within the next 2 days. Supported by Upward sloping Moving Average |