EURNZD We are looking for a possible entry for sale, the price has respected the resistance, Bearish trend line, with possible false break The stochastic is overbought, so it could be a good sign that the price is going down. EURNZD SELL *FREE PREMIUM * MY PARMETERS: TAKE PROFIT: 1.65361 CLOSE PARTIAL: 1.65804 STOP LOSS: 1.66510
EURGBP BUY *FREE PREMIUM * MY PARMETERS: TAKE PROFIT: 0.86177 CLOSE PARTIAL: 0.85809 STOP LOSS: 0.85363
GBPUSD SELL LIMIT MY PARMETERS: PRICE SELL LIMIT: 1.39921 TAKE PROFIT: 1.38713 CLOSE PARTIAL: 1.39234 STOP LOSS: 1.40327
Same analysis as the previous one, but in this case, seeing the stochastic in an overbought range, I expect the price to fall a bit, before going higher, so I discard for the moment that the price starts a new upward momentum from the neckline of the shoulder-head-shoulder pattern. Possible entry into longs the trendlien that acts as support, at the level of 1725...
EURJPY BUY MY PARMETERS: TAKE PROFIT: 130.893 CLOSE PARTIAL: 130.359 STOP LOSS: 129.027
GBPAUD SELL MY PARMETERS: TAKE PROFIT: 1.78819 CLOSE PARTIAL: 1.79346 STOP LOSS: 1.80326
CANDLESTICK PATTERN: EVENING STAR The evening star is a three-candlestick pattern that is the equivalent of the bullish morning star. It is formed of a short candle sandwiched between a long green candle and a large red candlestick. It indicates the reversal of an uptrend, and is particularly strong when the third candlestick erases the gains of the first candle.
CANDLESTICK PATTERN: THREE BLACK CROWS The three black crows candlestick pattern comprises of three consecutive long red candles with short or non-existent wicks. Each session opens at a similar price to the previous day, but selling pressures push the price lower and lower with each close. Traders interpret this pattern as the start of a bearish downtrend, as...
GBPJPY SELL MY PARMETERS: TAKE PROFIT: 149.621 CLOSE PARTIAL: 150.732 STOP LOSS: 152.040
EURGBP BUY MY PARMETERS: TAKE PROFIT: 0.86184 CLOSE PARTIAL: 0.85858 STOP LOSS: 0.85445
XAUUSD 4H Price is finishing to form the inverted shoulder-head-shoulder pattern. We wait for the price to break the pattern's neckline and look for purchases when the pullback forms, to start a new upward momentum. The price also formed a descending wedge, formed the pullback at 61.8% fibo and started the new bullish momentum thus completing the last shoulder...
REVERSAL PATTERN The most popular trend reversal chart patterns in forex are: Double Top/Double Bottom Triple Top/Triple Bottom Head and Shoulder Reversal Wedges Ascending/Descending Triangle
"It is common for investors to enter the financial markets with a desire to earn money, but forgetting that they can also lose." You have to bear in mind that it is equities, so there is always a risk, and you have to know how to quantify it to avoid great scares. According to recent statistics, about 85% of investors lose money in the stock market. Although it...
INVERSE TRIANGLE (FORMATION IN EXPANSION) They are trend reversal patterns and usually cause an interesting turn in the price movement. What happens is that it is not a figure that appears frequently enough. The structure is made up of a series of rising highs that are coupled with price cuts that also cause lows. There comes a time when the price is not able to...
GBPAUD 2H The price in timeframe of 4h, has a pattern of inverse triangle (formation in expansion) (pattern of continuation of trend). The price within the expansion formation, you have respected, we are now looking for a sell entry until the last low formed in the inverse triangular pattern. The price moves within a new downtrend formed, respecting the...
USDCHF 3H Structure of the bullish pair, we have the break of the trend line, now the price has formed the pullback. The price reacted to the 61.8% fibo, when making the pullback. There is also a possible shoulder-head-shoulder, so we will see how the price reacts to the area marked in the analysis. Depending on how the price reacts in the area, we will enter...
USDZAR 1H Possible entry into purchase or sale, we will have to see how the pair reacts to the trendline that supports it. The price has touched a resistance that was previously respected 2 times, and now it has respected it again, so we will have to see the price reaction to that touch in the resistance before looking for positions We would look for a...