07/08 VS 21, looks pretty much indentical, and if there is something about charts it is that they almost always repeat themselves over and over again, we've seen it numerous times, and its how i myself even trade on a daily basis. Now you may be wondering why? Well let me tell you, chart patterns work by representing the market's supply and demand. This causes the...
Explanation in analysis. Not used the 'bar pattern' tool before... but looks like a nice set up either way.
With current fundamentals (trade war/recession etc etc) we should continue to see safe haven flows.
CV Sciences repeats 2014. The boat is starting to rock, get in or get out.
CBD Oil, Cannabis, Medical - Bioceutical Cannabis, reducing opioids, etc.
No megatrend here...what am I saying.
Time to see who's at the helm though.
Viewers come to own conclusions here.
The daily chart of EUR/JPY is currently in downtrend.
It is currently trading around the resistance zone of the trendline.
As per our analysis,we expect the pair to witness short covering once it crosses the trendline.
Was giving the long term picture some consideration in view of RSI dropping to a level that has held well since Sept 2015. Question is, if you compare with 2014 (which seems to be what everyone else is doing) we can be at either of those points on the purple lines.
If we are indeed heading to $4000 this would represent a much more accelerated pattern within this...
