I know it is hard to understand this if you do not study the "The New Science. Technical Analysis" (1994) of T. DeMark and "Methods of Wall Street Master "(1991) of V. Sperandeo on trends and trendlines . But price is projected to drop to 2000 lows with retest of the last minor demand line which we are about to break (with its consequent retest that is likely to...
Hello traders! This is a WYCKOFF accumulation pattern below 200 EMA. After spring wave it will start to take off. I am also expecting a triangle pattern over 200 EMA. I will add more buys on the breakout. Hit the like button if you find it helpful and informative and follow to catch every wave correctly.
DeMark - Sperendao analysis of EURO index. Here we weighed EUR versus 2 biggest world currencies US dollar and Japanese yen . Clear signs of bullish collapse. We identified the right TD supply and demand points and analyzed the monthly structure. Breakdown of the major TD supply line occurred in July - August 2019 and it was confirmed by retest already in...
Plan : wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do,...
GBP pairs are maxed out and took heavy selling pressure last night. Strong Bullish divergence on MACD + RSI Retest of demand, looking good for a clean break of the downtrend later in a few hours.
Here I did 2 DM projections as regard where EURO index is gonna land. There are 3 ways to do DM post breakout projections. 1. From uppermost shadow to the trendline - works 60 % 2. From the shadow of a candle with highest close to the trendline - works 90 % 3. From the highest innermost shadow to the trendline - works 90 % Then you just clone the measurement...
After a whole month of correction. eurgbp is showing all sign to resume the up trend.
EURGBP retraced to 61.8% fib retacement and previous support structure. Currently forming 4 Hr Double bottom. Long here with SL at 0.8710 and TP at the broken neckline around 0.90-0.9050
EURGBP update. I expect EURGBP to reach the support line, after which it will begin to grow to the resistance line.
We're expecting a very good opportunity to be realized with EURGBP. If the downtrend be broken, we expect the price to rise initially to 0.8876 and subsequently to 0.8993. Wait for the breakout in the marked entrance area!
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see that the pair is in descending channel and as per our analysis it will continue to go down till its support. One can take a sell trade and keep their TP near support area. Let...
EURGBP We broke below the range we were stuck in, asnd we pushed below a critical level of support. I believe the marker is tricking traders to take trades, I feel we will see at least final push to the downside giving us clean entries for longs.
Something to think about:) This what EURO index is telling me. Of course this thing is not EURUSD or EURGBP or EURJPY but it gives an idea what EURO is doing as standalone asset vs 3 major global currencies. The DM breakout of the last descending supply line is of some concern of course but it was not a good quality breakout (sidewise). Poor breakouts generate...
Posible compra en zona original originada en un CP, pero como hemos dicho en anteriores analisis espero una correcion del euro al alza, este par aun no llega a mi precio adecuado pero veo cierta resistencia actualmente puede realizar un rally asique ingresare antes.
EURO exposed against the basket of 3 major world currencies. Monthly chart. Trendlines drawn through valid TD points after New Science of Technical analysis.
Trade with care during high risk events. Comment below! Good Luck.