Trading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based...
usd/krw bullish uptrend is comming in 1~3 months
After breaking the 2yr highs a couple of days ago, now it seems we will get close to 1210, a level reached on January 2017. I expect the USDKRW to go higher, especially since the slowdown in local economy and not good news from the US/China trade talks. I do not recommend buying the KRW at his levels. Any bad news from US/China trade talks will make the KRW go...
USD/KRW breaking 2yr highs strongly may be the start of a major USD move. From the chart, 1210 is the next target.
Marketplace analysis of attempting to determine Chinese macroeconomic stability and growth is insatiable. Because of this, I am continuously interested in finding proxies for the Chinese economy since low- to medium-frequency data out of China (GDP or manufacturing figures) are notoriously inaccurate. With South Korean GDP figures out this week unexpectedly low...
USDKRW TRIANGLE CONVERGENCE AFTER BULLISH MOMENTUM AFFIRMATIVE.
At the Apex of an enormous triangle.Lets see where she breaks.Any ideas are welcome...
Does anyone know what this pattern is called,I'd really like to know.I have spotted curved lines but usually those refer to parabolas from what I've seen. This looks similar to a diamond pattern,but I'm not sure.Any ideas?
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