Ending with this cycle dedicated to the japanese reversal patterns, that we have done this week let me show a chart of USDMXN in daily showing the concept of confirmation:
Here we can find a Harami (not so good reversal) some what in the middle of nowhere, it was formed relatively far from the 76.4 fibo support and beyond the 61.8% retracement, but then after a...
Following with the USDMXN elliott wave analysis, the last time were talking about a upside movement than we then expected to be longer and after that a decline, well the decline has probed as far as now that the possible 3rd upside wave still not in way because the penetration of the 12.5870 support, but yet cant discard an upside impulse in it's first...
Never can I find my first date with Kenny aka the USDMDX. Love, love, love this pair. And tomorrow it will be sole pair on my radar. Clearly, you can see that it has punctured levels and become quite prickly to say the least. Sincerely, Beauty. ps Tell somebody tonight that there is no clever way to understand the global financial markets than to chart AND to...
Actually we are in the path of a strong rally that came after a smal retracement, this rise questions about the impulsive nature of this movement because ussualy wave ii is more deep, what lead us to think this could be an x wave which should end at the 1:1 relation a with c at 13.60 but if the upside presure increase could extend even longer
but if it bounce back...
Trading Techniques with the Three-Line Break Chart
Some traders prefer waiting for an extra confirmation of a trend reversal. Depending on your risk, you can follow rules below to confirm a bullish trend or bearish trend. The idea of waiting for extra confirmation would involve a tradeoff between risk and reward. The longer a trader waits for a confirmation of a...
The break of the A) support clear the possibility of an expanded flat with a C) wave forming perhaps an ending diagonal, the fibo targets for the C Wave are between 12 and 11.60 roughly
