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 muddles along as trade headlines dominate
EUR/USD ground into a circle on Tuesday, marking in chart churn around the 1.0400 handle as Fiber bids struggle to find direction. European and US economic data remains thin throughout this week, with investor sentiment hinging entirely on whatever trade war rhetoric new US President Donald Trump tweets from one moment to the next.
GBP/USD poised for further headline-fueled gains
GBP/USD spun in a circle on Tuesday, falling and then climbing in lockstep with global money flows into and out of the US Dollar. The Pound Sterling saw mixed labor data results from the UK, but the UK’s own labor department takes the numbers with a grain of salt.
USD/JPY trade with positive bias above mid-155.00s; lacks bullish conviction
USD/JPY looks to build on the overnight bounce from a one-month low amid a positive risk tone, which tends to undermine the safe-haven JPY. However, the growing acceptance that the BoJ will hike rates this week limits the JPY losses. A bearish sentiment surrounding the USD contributes to capping the pair.
Editors’ Picks
AUD/USD consolidates below 0.6300 amid mixed cues
AUD/USD struggles to capitalize on the previous day's late rebound and remains below the 0.6300 mark on Wednesday amid US-China trade war fears under Trump 2.0. That said, a positive risk tone supports the Aussie amid a bearish USD, weighed down by bets that the Fed will cut rates twice this year.
USD/JPY trade with positive bias above mid-155.00s; lacks bullish conviction
USD/JPY looks to build on the overnight bounce from a one-month low amid a positive risk tone, which tends to undermine the safe-haven JPY. However, the growing acceptance that the BoJ will hike rates this week limits the JPY losses. A bearish sentiment surrounding the USD contributes to capping the pair.
Gold price bulls pause for a breather after Monday's strong move-up
Gold price enters a bullish consolidation phase following Monday's strong move up to the highest since early November. That said, US President Donald Trump's tariff threats, Fed rate cut bets and weaker USD support prospects for an extension of the XAU/USD's over-one-month-old uptrend.
Bitcoin and crypto market set for rally as acting SEC Chair Mark Uyeda launches crypto task force
Bitcoin and the crypto market saw a slight uptick following Securities & Exchange Commission acting chairman Mark Uyeda’s announcement of the creation of a crypto task force on Tuesday.
Prepare for huge US trade changes as Trump goes America first
You can be sure that big changes are coming as far as US trade is concerned, even if we didn't get any new tariffs on President Trump's first day in office. A comprehensive investigation into US trade relationships was initiated via a memorandum. China, Canada, and Mexico are clearly in the immediate firing line.
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