Rising Wedge Pattern is a trend reversal chart pattern that that indicates gradually decrease in market momentum. if it is traded with confluence like a supply or resistance level then Winning probability of this setup will increase.
Support and resistance are the zones from where most of the sellers/buyers are willing to place their orders. for example, a round number 1.30000 will also act as an S&R zone due to psychological level. price bounces from support and resistance zones many times and it always remains valid. More bounces mean a stronger zone. . . Whereas the supply and demand zone...
Bullish Trend Bullish trend refers to consecutive higher highs and higher lows in the price of a currency pair in forex during a specific timeframe. it shows that there is strong buying pressure. Bearish Trend The formation of consecutive lower lows and lower highs in the price of a currency during a specific timeframe is called a bearish trend. It indicates...
Bollinger bands indicator consists of three bands • Upper band • Middle band • Lower band
Bollinger band is a technical indicator that is used to identify volatility in price using moving average and standard deviation. Bollinger bands indicator consists of three bands • Upper band • Middle band • Lower band
GBPCHF FORECAST ✅ Description: In GBPCHF, price is forming a Quasimodo pattern. above is the Supply zone and that will be an entry point. Below Flag limit is the attraction level for the price. After taking supply price has to meet flag limit.
Gold is forming a broadening pattern and it's most probable that it will break the FL flag limit above
AUDCAD has completed an impulsive move and now the retracement move will start. To learn more visit forexbee on google
QML pattern in USDJPY. Price has to hit QML before breaking trendline.
GBPCAD is heading towards an important zone ( Demand Zone ). High probability of reversal in GBPCAD
Flag limit was holding the price up. After a fakeout market has enough potential to bring the price down and break the flag limit.
Bullish flag pattern in USDSGD. looking for a breakout.