Ming Jong Tey
Independent Analyst
Spotting the falling wedge pattern could be easy if you are familiar with trading the patterns. However, most of the retail traders only trade the pattern formation without really understanding the trading context. Failing to seek for confirmation makes it almost imposible to profit from it.
In this video, you will find out how to confirm and trade the falling wedge pattern like the pro and start to profit from pattern trading. Watch the video below:
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Editors’ Picks
EUR/USD: Bears retain control below 1.1780-1.1770 confluence breakpoint
The EUR/USD pair remains on the back foot through the Asian session on Friday and currently trades just above mid-1.1700s, well within striking distance of a nearly one-month low set the previous day.
GBP/USD seems vulnerable near one-month low as traders await US data
The GBP/USD pair prolongs its weekly downtrend for the fifth consecutive day on Friday and slides back closer to a nearly one-month low, touched the previous day. Spot prices trade below mid-1.3400s during the Asian session on Friday and seem vulnerable to slide further as traders now look to important US macro data for a fresh impetus.
USD/JPY remains strong after Japan’s National CPI cools down
The Japanese Yen shows weakness against the US Dollar during the Asian trading session on Friday. The USD/JPY pair holds onto gains near its weekly high of 155.20 posted on Thursday. The pair is under pressure as the US Dollar continues to outperform due to signals from Federal Open Market Committee Minutes of the January policy meeting that officials see no rush for interest rate cuts, with inflation remaining persistently above the Federal Reserve’s 2% target.
Editors’ Picks
GBP/USD seems vulnerable near one-month low as traders await US data
The GBP/USD pair prolongs its weekly downtrend for the fifth consecutive day on Friday and slides back closer to a nearly one-month low, touched the previous day. Spot prices trade below mid-1.3400s during the Asian session on Friday and seem vulnerable to slide further as traders now look to important US macro data for a fresh impetus.
EUR/USD: Bears retain control below 1.1780-1.1770 confluence breakpoint
The EUR/USD pair remains on the back foot through the Asian session on Friday and currently trades just above mid-1.1700s, well within striking distance of a nearly one-month low set the previous day.
Gold eyes next breakout on US GDP, PCE inflation data
Gold sticks to recent gains around the $5,000-mark early Friday, biding time before the high-impact US macro events. The focus is now on the US fourth-quarter Gross Domestic Product, core Personal Consumption Expenditures Price Index and the Supreme Court’s ruling on President Donald Trump’s tariffs.
Bitcoin, Ethereum and Ripple remain range-bound as breakdown risks rise
Bitcoin, Ethereum, and Ripple are trading sideways within consolidation ranges on Friday, signaling a lack of directional bias in the broader crypto market. BTC rebounded from key support, and ETH is nearing the lower consolidation boundary, while XRP is holding at its lower trendline boundary.
Hawkish Fed minutes and a market finding its footing
It was green across the board for US Stock market indexes at the close on Wednesday, with most S&P 500 names ending higher, adding 38 points (0.6%) to 6,881 overall. At the GICS sector level, energy led gains, followed by technology and consumer discretionary, while utilities and real estate posted the largest losses.
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