Bs lol. We live in information age where we can get any information from internet for free of cost. So why are we buying courses and learning from different sources of training materials when everything are based on same framework with differnet title name? I can see on this chart that there are many Traps with M & W formations only occurs before breakouts which...
Assessment: Neutral Hold- Going Long. Market Climate: Bull controlled, increasing volatility. Industry: Financial Services Indicators: None Patterns Identified: Harmonic ABCD Macro Broadening Wedge Visa has seen steadily rising bullish accumulation since first breaking out in December 2012. Since then, the security has experienced a change in price...
FORMED A NICE FALLING WEDGE WITHIN A FALLING WEDGE TAKING ON THE BREAKOUT ASSESSING SMALLER TIME FRAMES FOR MY RISK ENTRY
I caught this right at the very bottom but couldn't post anymore yesterday... Refer to recent patterns on Echf and EU on the 4 hr and see the similarities and what happened. Looks like it is giving another buy setup. Sorry for the messy chart. I call this type of triangle into consolidation the "AE Coil". It can just shoot up and break a high and drop, or it can...
Go head, work it girl!!!!!! I'm still holding my buy and I'm cool with whatever, but do you see how and why these patterns form?? And keep in mind that running triangle can become a bigger one with one more little move down to break trend line. But I bet there's a lot of sells with there stop above the high it made..........
CADJPY has formed a 2x2 candle pattern at a resistance level. The level is not that strong. I would suggest to take partial profits at a 1/1 risk/reward. Place a sell stop order @88.045
EURJPY formed a 2x2 candle formation against a major resistance level. Put a sell stop @133.544. If the order gets filled, aim for a 1.5 risk/reward.
According to last waves we will be waiting for price action on the highlighted zones to enter either short on the upper zone or long from the lower zone Good Luck
Right now it looks like price action is forming a triangle pattern/wedge. I'll wait to see if price reaches the previews lows and look to buy long for 200+ for the week on this pair. My bias this week is LONG. If price breaks out and passes preview high I'll wait to see were price will top out at. FXT :)
The previous ideas worked really well. Let's see this one <<
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. Thomas Sowell
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. Thomas Sowell
Another GBP trade this setup is looking to break pattern but would rather wait for trend line break. One more move higher is still possible so not ready to place capital on trade just yet!