Price reversed strongly from our resistance level to the support level at 22.20. But how did it happen? Join Desmond in today's analysis review to have a quick recap on the elements that led to this strong reversal. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third...
Price bounced perfectly from our confluence support level and reached our target. But how did it happen? Join Desmond as he reviews how we managed to forecast the reversal with such a high degree of accuracy. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party...
A rising wedge in an up trend is usually considered a reversal pattern. This pattern is at the end of a bullish wave, by creating close price tops, shows us that the supply has intensified and there is a possibility of a trend change. Of course, nothing is certain and if the buyers are more willing and strong, this pattern may be broken in the direction of the...
Price bounced off the 1.2683 support we identified and rose nicely to our take profit target at the 1.2832 level. In this review, we touch on why we used the 1.2832 level and not the swing high at 1.2850 - a lot of this is down to trade management and take profit placement. Please be advised that the information presented on TradingView is provided to FXCM...
Price reversed beautifully from the sell entry level we forecasted at 0.8988 and has reached the take profit target of 0.8908. The important lesson here is to place your take profit before a key level (vs right at the key level). As you can see in this video, price touched the TP level and took off in the other direction - just missing this crucial bit of...
What is EMA? EMA or Exponential Moving Average (EMA) – An exponential moving average (EMA) is a type of moving average (MA) that is based on a weighted exponential formula that is more responsive to changes recent prices, compared to a simple moving average (SMA) that only applies equal weight to all periods, helping the EMA to smooth the price line more than the...
You've probably heard before "The markets are fractal" and you probably was not sure what that meant What is a fractal? Fractals are complex geometric patterns that exhibit self-similarity at different scales. In other words, they are intricate shapes that contain smaller copies of themselves, regardless of the level of magnification. Fractal in financial...
hello traders, today we will talk about WHY TRADERS LOSE MONEY TVC:DXY TVC:DXY BIAS WHAT IT MEANS… HOW IT INFLUENCES TRADERS Availability People estimate the likelihood of an event based on how easily it can be recalled. Traders put too much emphasis on their most recent trades and let recent results interfere with their trading decisions. After a loss,...
The term "xabcd pattern" is commonly used in technical analysis, specifically in the field of harmonic trading. It refers to a specific price pattern that is believed to have predictive value in identifying potential market reversals. The xabcd pattern is based on the Fibonacci retracement and extension levels, which are ratios derived from the Fibonacci sequence...
Hello dear @TradingView community! Are you familiar with the ABCD pattern? The ABCD pattern is a highly effective tool utilized in trading to identify potential opportunities across diverse markets, including forex, stocks, cryptocurrencies, and futures. This pattern takes the form of a visual and geometric arrangement, characterized by three consecutive price...
I'm not going to say much here, the chart speaks volumes in my opinion and is a stroke of genius. It begs the question, is it a self fulfilling prophecy? Possibly, but then you would have to find out, how many people know about this chart? My initial guess would be less than 1% of the population. The next question would be, who are they? are very wealthy? can they...
Harmonic patterns are known for their ability to provide effective trade setups. The Three Drives pattern is no different, and in this FXOpen article, we’ll delve into what this pattern is, how to identify it, and explore some of the best strategies for trading it. Introduction to the Three Drives The Three Drives pattern, sometimes referred to as the 3 Drives...
Hello TradingView Family In This Post we will talk about Music Analysis in Trading, unraveling its potential to enhance trading experiences. Whether you're a Seasoned Trader in need of fresh Insights or a Trading Newbie aiming to fine-tune your game, we'll uncover how music can groove with your day trading activities. *Some Tips : Having a Good Diet is Really...
This is a video explaining how you can apply multi-time frame (MTF) analysis to trading.
Here at the top, the pattern broadens to R3 (100%)...starting a 100:50:100 (R3:Pivot:S3) algorithm ratio pattern. When the price pulls back from the disjointed window channel, it should bull to a higher R3 because of the ratio signals with the horizontal events. If the price confirms on S3, be long term bullish!
Patterns reveal probabilities. The right probabilities create opportunities. The right opportunities can create profits. Candlestick patterns help us to decipher the patterns of the market. They’re like little road signs on crowded streets. And with enough repetition, enough practice, you'll find yourself understanding the signs to take on great trading...
Reversal or continuation channel Channels are part of the pattern strategy but will be explained separately because of its specific requirements. • It begins a trend reversal if successful or becomes a continuation pattern if invalidated. E.g. link1, link2, link3 • Points ABCD make an harmonic pattern and point C is the minimum target for this and at point C the...
Hello This is a strategy that can be confirm via pattern identification, harmonic forecasting and fib extensions. ABCD harmonic fib extension • The safest way to use this strategy is to start analysing at number 2 • At number 2, a reasonable swing has occurred and we can estimate that it is 0.113 • Draw up you fib ext from the HH to the LL and then set the LH to...