I already forgot this gap down since the last British referendum. Succeeding gap due to flash crash was filled immediately.
However, this June 2016 gap was the longest gap I've seen (to my recollection) in FX market before it was filled.
Purely coincidental trajectory line of 19 degree peaks, based on previous sharp rises of 77 degrees and dips of 19 degrees. Only based on two distinct S curves, if these S curves were to continue at the same rate and magnitude, you end up with a steady 19 degree increase into 2018 and beyond. It means the latest sharp rise may not have bucked this 19 degree trend,...
I once saw a cycle chart by @lowstrife (twitter) on BTC that seems to still be for the most part valid today even. I decided to play around with ETHUSD chart and found that ETH has rallied twice around 27 December. I made mine on the 3D chart. Each cycle is around 122 bars. If this is true it may be possible for ETH to dip one more time despite the bull flag at...
Obviously very early days but RSI on the 1m and 5m are climbing and hopefully the 5, 15, 30, etc should follow suit. If they do then we're back into the overall bull trend, hopefully for 4-5 days. Thoughts?
I should have been able to work out that one of the larger bulls needed some rest before pressing on (supported by a line of much larger bulls than itself stood right behind it). I'm learning...just really slowly! A really nice opportunity missed but at least I am starting to understand them as opportunity, i'm not panicking and most importantly i'm learning...a lot!
Long opportunities for AUDUSD, need one confirmation when the price retraces (Will update if the trade is not valid)
The technical analysis is reinforced with fundamental analysis, (Anticipation of a reversal of the commodity/commodity currencies bear market which was the longest since 1950)