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Double Falling Wedge Pattern EURUSD 5M

由UnknownUnicorn468659提供

已更新

Double Falling Wedge Patterns tend to breakout topside more often than not.

註釋

Keeping eyes on EU as it reaches apex, wedge loses buyer confidence, the longer it takes.

Apex in purple:

註釋

Earlier wedge invalid.
Buyers holding new support level. @ 1.11300
Could mean wedge will move towards new 15M timeframe support in red.

註釋

Oops 1.11330 instead of 1.11300

註釋

New support @1.11330 broken but with massive bullish pin bar, closing just above that level:

註釋

NOTE: backtest falling wedge evolving into downward channel with larger apex.

交易進行

註釋

Reached resistance.
Noticing a lot of buyers taking profit here again.

註釋

Confirmed early buyer failure to breach resistance level on 1M chart.

註釋

Earlier channel resistance could become support.

註釋

This might be the reason why we're not getting higher highs.
Rising wedges are often reversals of uptrends.

30M:

交易結束：達到停損點

Break stops reached with a bit of slippage on the side.

NOTE TO SELF: falling wedge pattern was success, even within a larger timeframe rising wedge. However, buyers failed to punch resistance three times now. Downfall is almost certain at this point. Closing analysis.

UnknownUnicorn468659