dan_keydcuk
Long

Past Patterns to Predict Future (Part Deux)

FX:EURUSD   Euro Fx/U.S. Dollar
854 4 4
Yesterday, I looked at Past Patterns to Predict the Future and talked about accelerated and decelerated patterns in time.

Today, this one is a bit more straight forward and has more simplicity.

Find the key candle(s), patterns, angles.. to confirm you are looking at the right reference pattern to trade. The more similarities the better.

Once the pattern is found and confirmed, check where you are. Trade with your current technical analysis for entry.

If you don't know how to enter, then ensure a bigger stop loss. ALWAYS USE A STOP LOSS and better at key previous bottoms or stalling areas at least 2 jumps away from current price.

HAPPY PIPPING!! May they be plentiful

Please note you need to grasp the concept of accelerated, decelerated, diminished price movement and exaggerated price movement as we are not comparing the exact time of day but the same patterns do repeat themselves to high accuracy enough to trade as a system.
dan_keydcuk
3 years ago
Also note that the further away boxed pattern can be used as the reference. It would seem that after a new 4h candle unfolding, it is resembling a lot to the left of my bottom trend support line of the first boxed pattern.
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dan_keydcuk dan_keydcuk
3 years ago
Hourlys can be used for reference as time of day, the trade pattern and current price unfold should accelerate...
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121700
3 years ago
GOOD
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dan_keydcuk
3 years ago
It would seem the pattern has failed on early buy stages as we have touched in the 1.29xx zone. Further downfall is quite expected and prime buying will be now but also could be as low as 1.2955 or maybe even lower. Lesson learned today, we are in the second shoulder of a H&S on daily time frames. If we make tops above 1.36 it will be for a very short period of time as it is expected that the 2nd major component of H&S is ending and we are looking at a possible huge crash for the EURUSD in the market likely before summer ends or there abouts.
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