Ming Jong Tey
Independent Analyst
Trading the falling wedge pattern could be tricky if you only trade the pattern formation without understanding the trading context. Many retail traders complain that there are a lot of pattern failures that cause them losing money.
In this video, you will find out the secrets of trading the falling wedge pattern that will help you to boost your winning rate instantly. Watch the video below:
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Editors’ Picks
EUR/USD: Focus is now of US inflation
EUR/USD traded with marked gains and managed to briefly test the area beyond the 1.0300 hurdle on Tuesday, on the back of the weaker Greenback and rising caution ahead of Wednesday’s publication of US CPI readings.
GBP/USD weak below 1.2200 amid UK bond market concerns
GBP/USD retains its weak tone, trading sub-1.2200. The Pound Sterling lost ground amid another run in UK Gilt yields, reflecting the bond market instability. The US Dollar remains unattractive after December PPI figures.
USD/JPY rises sharply to near 158.00 Yen’s safe-haven appeal falters
USD/JPY gains to near 158.00 as the safe-haven demand of the Japanese Yen has eased. Investors await the US inflation data for fresh guidance on interest rates. Fed dovish bets have lately trimmed on upbeat US labor market data for December.
Editors’ Picks
AUD/USD: Recovery should be limited
AUD/USD added to Monday’s advance and managed to surpass 0.6200 the figure on the back of further USD selling, while investors warmed up for US CPI data and the Australian labour market report.
EUR/USD: Focus is now of US inflation
EUR/USD traded with marked gains and managed to briefly test the area beyond the 1.0300 hurdle on Tuesday, on the back of the weaker Greenback and rising caution ahead of Wednesday’s publication of US CPI readings.
Gold pressures intraday highs as mood sours
XAU/USD is finding a floor for now to bounce off after its sluggish Monday performance when Federal Reserve (Fed) policy rate concerns took over sentiment, recovering slightly and trading near $2,670 on Tuesday.
Chainlink Price Prediction: Whales acquire $20M in LINK as XRP, DOGE lead market recovery
Chainlink price edged towards the $20 territory on Tuesday, racing into a 10% surge as the crypto market received a major boost ahead of Donald Trump’s inauguration.
Small business optimism shoots up in December
Small business sentiment continued to improve in December alongside greater economic and public policy certainty. The NFIB Small Business Optimism Index rose 3.4 points to 105.1, reaching its highest level since October 2018.
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