So the disappointing Core Consumer Price Index (MoM) print earlier has sent the USDCAD hurtling towards the psychological price of $1.40 which hasn’t been broken since August 2003! In addition to this, it’s no secret that the tumbling oil price has been a contributory factor to CAD weakness. Due to the strength of the resistance, I would expect a pull back to...
Here I found a bat pattern developed and completed in the negative deviation range of the AUD NZD chart. my strategy suggests that the market will rally up into positive deviation before correcting for trend continuation. I have place my entry at point B to Verify reversal after point D I have placed my Stop at point X for the break below close below bust !...
Great Example Of Statistics Any Technical Trader Should Know! Below is a link to a PDF version of a hard to find book on technical price patterns. While I haven't read the book yet skimming through it it shows Great Examples of the Statistical Data/Probabilities Any Technical Trader Should Know Regarding The Systems They Trade. Good NEWS!!! THE NEXT BIG...