News-driven FX Trading: How to Trade Events Like the FOMC, CPI, and NFP Sellers remained firmly in charge Wednesday, establishing a new pullback low of $4.46 positioned right near the initial 38.2% ...
As just about any experienced forex trader will tell you, technical analysis plays a pivotal role in identifying profitable trading opportunities. Occupying a well-established place among the classic ...
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 ...
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How To Recognize and Trade Rising Wedge Patterns
Picture a trail that switchbacks as it gradually narrows up a mountain, eventually reaching a point where hikers must go over or turn back. This mirrors one of technical analysis' most reliable ...
Multiple technical indicators and recent whale activity raise Bitcoin's odds of declining below $100,00 in coming weeks. Bitcoin risks a deeper correction toward $88K–$94K after breaking below a ...
Bitcoin (BTC) has gained 36% in two months, offering relief to the battered bulls. However, according to Crypto Twitter, the recovery has suddenly drawn the shape of a bearish pattern on price charts ...
XRP’s short-term technicals show signs of upside exhaustion, with some patterns pointing to a drop under $2. XRP forms a double top and rising wedge, signaling short-term downside risk toward $1.94.
Bitcoin fell after Oracle shares plunged 11% on weaker-than-expected revenue, dragging Nvidia, AMD and AI-linked tech lower. The selloff reinforced BTC’s tightening correlation with US tech stocks ...
A key price pattern has emerged on bitcoin’s BTC $108,033.92 price chart, hinting at a potential pullback ahead. The cryptocurrency has rallied from $60,000 to new record highs above $70,000 in less ...
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