You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 5937.3157 but consider reducing the size of your position as the price gets closer to that target.
This trade setup on USDJPY is formed by a period of consolidation; a period in which the price primarily moves
FTSE100 is moving towards a resistance line which it has tested numerous times in the past. We have seen it
XAGUSD is about to retest a key horizontal resistance level near 30.7100. It has tested this level 5 times in
S&P500 is moving towards a resistance line which it has tested numerous times in the past. We have seen it
Emerging Falling Wedge pattern in its final wave was identified on the GBPJPY 4 hour chart. After a strong bearish
Emerging Rising Wedge detected on ETHUSD – the pattern is an emerging one and has not yet broken through support,
Emerging Falling Wedge detected on BRN/USD – the pattern is an emerging one and has not yet broken through resistance,
