Hi in this tutorial video I am covering five types of charts; 1. Line 2. Bar 3. Traditional Candlestick 4. Colored candlestick 5. Renko
Welcome Back. Please support this idea with LIKE if you find it useful. *** What Is an Ascending Channel? An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing...
Potential scenarios for EURUSD: bearish scenario and how to catch it bullish scenario and how to catch it enjoy!
After a nice bearish move on EURUSD our Elliott Wave Indicator Suite has labelled the Elliott Wave Count and our Probability pullback zones. The wave 4 found resistance in our Red zone, which represents a 75% probability that this Forex pair will go onto to hit our Automated 5th Wave target zone. Included in the indicator suite are also, our special Elliott...
"Mirror" currency pairs: GBPUSD\EURGBP; EURUSD\USDMXN( USDDKK )
This trade was triggered earlier this week. However, I chose not to publish it as it was a low probability trade for me at that time for the following reasons: Market was only testing the ascending trendline support (now resistance) Normally I would wait for a pullback to retest the trendline before entering to short Market was also forming a Head &...
Here is my two yestarday´s levels from my Members area. ( Both ended up in profit ) Let me explain my how correlation between EURUSD and USDCHF works and how you can look at the charts. EURUSD and USDCHF are negatively correlated (correlation almost -100%). If USDCHF falls, then EURUSD should rise. If EURUSD rises, USDCHF should fall. This means that in...
(Review) Definition trend and change of trend ( Trend reversal) EX: Discussion: Downtrend - Definition A downtrend comprises a repeating sequence of: 1) A downward extension 2) A swing low 3) An upward pullback 4) A swing high A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend Uptrend - Definition An uptrend...
Reversal Bars ( Basic) 1. Double Bar Low Higher Close ( DBLHC) 2. Double Bar High Lower Close ( DBHLC) 3. Bearish Outside Bar ( BEOB) 4. Bullish Outside Bar ( BUOB) 5. Pinbar (Bearish/ Bullish)
Reversal Bars ( Basic) 1. Double Bar Low Higher Close ( DBLHC) 2. Double Bar High Lower Close ( DBHLC) 3. Bearish Outside Bar ( BEOB) 4. Bullish Outside Bar ( BUOB) 5. Pinbar (Bearish/ Bullish)
EURUSD, Pinbar candle on Daily ! Link www.learntotradethemarket.com
Discussion Pattern: Wedges, Falling
Prior analysis Definition trend and change of trend ( Trend reversal) Downtrend - Definition A downtrend comprises a repeating sequence of: 1) A downward extension 2) A swing low 3) An upward pullback 4) A swing high A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend Uptrend - Definition An uptrend comprises...
Definition trend and change of trend ( Trend reversal) Downtrend - Definition A downtrend comprises a repeating sequence of: 1) A downward extension 2) A swing low 3) An upward pullback 4) A swing high A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend Uptrend - Definition An uptrend comprises a repeating...
Discusstion: Head-and-Shoulders Bottoms Identification Characteristics Trading Tactics Prior analysis Prior Education Discussion-Three-Falling-Peaks-Pattern. Discussion: Triangles, Symmetrical! Sideways Trend ! Break support/Resistance, give confirmation? Support and Resistance, A way to draw a horizontal line !
Discussion: Head-and-Shoulders Bottoms Identification Characteristics Trading Tactics Prior analysis Prior Education Discussion-Three-Falling-Peaks-Pattern. Discussion: Triangles, Symmetrical! Sideways Trend ! Break support/Resistance, give confirmation? Support and Resistance, A way to draw a horizontal line !
EURUSD: Review 3 Order sell EU on H1. - Three falling pattern forming on H1! (1) (2) (3) (4)